Fines for Agents Who Show Illegal Dwellings

"The Department of Buildings has begun issuing fines to agents and brokers who advertise and show illegal apartments for rent, a new step in a long battle that has traditionally taken on owners of illegal dwellings. The fines, which have been issued to the agents and the companies they work for, begin at $3,600 and can go up to five times that amount." ... [more]

"The Department of Buildings has begun issuing fines to agents and brokers who advertise and show illegal apartments for rent, a new step in a long battle that has traditionally taken on owners of illegal dwellings. The fines, which have been issued to the agents and the companies they work for, begin at $3,600 and can go up to five times that amount." http://mobile.nytimes.com/2013/04/30/nyregion/agents-now-face-fines-for-listing-illegal-apartments.html?from=realestate Apologies if this is old news, but perhaps someone on the board hasn't seen it. I for one think its a great step in the right direction, to help, formally, a small part of the cronyism and negligence that is pervasive among many agents. This doesn't solve all issues, but at least some things are being addressed in a formal way. A good start. This, along with the new legislation in the works which would require co-op boards to be more transparent (those in the know are aware of what I'm talking about), all helps the consumer. As such, more deals getting done. And hopefully, better for the economy ultimately. [less]