Manhattan Loft Guy

New York, New York

on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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Manhattan Loft Guy

(bad) quote of the day / lawyer stumbles in NYT real estate Q&A

Sep. 1, 2009

Categorized in: Manhattan real estate business

Tagged with: agency, confidentiality, designated agent, disclosure, dual agent, fiduciary, loyalty, ny times, romano

The Sunday Real Estate section of the New York Times regular feature by Jay Romano, Real Estate Q&A last week posed a complex question and provided an overly simple answer from a lawyer who represents the Westchester Board of Realtors. I wonder if the law

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power of a coop board to reject a deal as "too low"??

Jun. 19, 2009

Categorized in: Manhattan real estate business

Tagged with: 1980s, 1992, applications, coop boards, fiduciary, market price, value

It touches on the (undeniable) power of coop boards to approve or reject purchase applications, but in the specific context of whether the coop board can or should decide based on the contract price. This is one of those back-in-the-day topics, where Manh

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