Industry News

New York real estate under microscope

Feds examine listings practices
Published on Oct 3, 2005

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by CareyBot

Federal officials have turned an eye to real estate listings and commission practices in New York, according to a report from the New York Times.

The Real Estate Board of New York, a real estate group with broad membership, has received subpoenas from the New York Attorney General's Office and the U.S. Federal Trade Commission's regional office in New York, the Times reported. Officials at both offices had no comment about the actions.