REBNY RLS rules require members to syndicate listings within a specified timeframe after executing a listing agreement. Withholding a listing beyond this window to keep it as a pocket listing may violate REBNY policies and generate compliance issues for your agent. Discuss these rules with your broker before committing to an off-market strategy - non-compliance can result in fines and disciplinary action for the listing agent.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Off-Market Sale Strategy
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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