The Real Estate Board of New York disclosed fines for data-sharing violations last week, and it turns out that the city’s residential agents may face up to $20,000 in penalties. A closer look at REBNY’s new Universal Co-Brokerage Agreement (UCBA) reflects two categories of violations: one related to erroneous data and one for bad business conduct. Data problems carry the heftier fines. For example, agents submitting a listing to the residential listing service (RLS) must […]
source https://therealdeal.com/2019/02/01/new-rebny-fines-are-heaviest-for-bad-data/
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