REBNY rolls out ground rules for selling new development

Amid a surplus of new development inventory, there’s a new standard brokerage agreement that should, in theory, make life easier for buyer’s brokers. The document, known as the universal new development brokerage agreement, standardizes contractual terms between developers and outside brokers. As of Oct. 1, signing it became mandatory for any developer that wishes to list its sponsor units on the Real Estate Board of New York’s Residential Listing Service. REBNY president Jim Whelan explained

source https://therealdeal.com/2019/10/25/rebny-rolls-out-ground-rules-for-selling-new-development/