Disciplinary Proceedings
Every transaction in the New York real estate market operates on an invisible foundation of public trust. When a buyer transfers a $50,000 earnest money deposit, or a seller signs away the exclusive right to market their home, they are relying on the state’s absolute assurance that the professional sitting across the table is competent, honest, and strictly regulated. When that trust fractures, the state’s intervention is swift and severe. Article 12-A of the New York Real Property Law serves as the architectural blueprint of this trust. It is not merely a set of suggestions; it is a rigorous statutory framework whose primary purpose is to protect the general public from improper real estate practices.
