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This entry was published on 2014-09-22
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SECTION 350-F-1
After-the-fact referral fees
General Business (GBS) CHAPTER 20, ARTICLE 22-A
§ 350-f-1. After-the-fact referral fees. 1. No person, firm,
partnership, corporation, association, or other entity shall demand or
receive a referral fee or compensation of any kind for (i) a referral
from any person or other entity relative to finding a seller of real
property after a bona fide real estate listing agreement has been
signed, (ii) a referral from any person or other entity relative to
finding a buyer for real property after a bona fide offer to purchase
real property is accepted, or (iii) a referral from any person or other
entity relative to finding real property after a bona fide buyer's
agency agreement has been signed, unless reasonable cause for payment of
such compensation exists.

2. Any violation of subdivision one of this section shall constitute a
deceptive act or practice within the meaning of section three hundred
forty-nine of this article.