Key Takeaways
- •Buyer agency agreements are now standard in New York, defining representation before you tour homes.
- •Commission structures are more transparent, with compensation discussed upfront.
- •New York strengthened disclosure requirements for agency relationships and material defects.
- •Sellers still set the asking price; buyers still need pre-approval; inspections remain critical.
- •The right REALTOR explains every document before you sign and keeps the process clear.
Last updated October 19, 2026
Recent updates to New York real estate laws affect how buyers and sellers navigate transactions. Here's what changed and what it means for you.
Real estate laws evolve, and staying informed helps you avoid surprises during your transaction. Several updates to New York real estate regulations have taken effect in 2026 that buyers and sellers in Westchester County, Putnam County, and the Bronx should understand. Here's a clear, plain-English breakdown of what changed and what it means for you.
What Changed With Buyer Agency Agreements?
Following the national settlement that changed how real estate commissions work, buyer agency agreements have become standard practice in New York. Buyers now sign an agreement with their agent that outlines representation, services, and compensation terms before touring homes.
What this means for buyers
- •You have a written agreement that defines your agent's duties to you
- •Compensation is discussed and agreed upon upfront, not at closing
- •You have clear representation throughout the entire process
- •Your agent is legally obligated to act in your best interest
This is actually good news for buyers. A written agreement means your agent is formally committed to representing you, not just facilitating a transaction. I walk every client through the agreement line by line so there are no surprises.
How Does Commission Transparency Work Now?
Commission structures are now more transparent. Sellers can still offer compensation to buyer agents through the MLS, but the process is clearer and more consumer-friendly. Buyers and sellers both benefit from understanding exactly how their agent is compensated before entering a transaction.
What Are the New Disclosure Requirements?
New York has strengthened disclosure requirements, ensuring that buyers and sellers receive clear information about agency relationships, material defects, and any conflicts of interest. These changes protect consumers and create more transparency in every transaction.
What Hasn't Changed in the Process?
- •Sellers still set the asking price based on market value
- •Buyers still need pre-approval to make competitive offers
- •Home inspections remain a critical step in the process
- •Your REALTOR remains your advocate throughout the transaction
- •Negotiation is still a key part of getting the best terms
How Do I Help Clients Navigate These Changes?
My approach has always been built on transparency and education. These legal changes align with how I already work: clear communication, honest advice, and putting your needs first. I explain every document before you sign it, answer your questions thoroughly, and make sure you understand your rights and obligations at every step.
"Education, communication, and honesty are the foundation of my business. When you understand the process, you make decisions with confidence."
What Practical Tips Help Buyers and Sellers?
- 1.Read and understand your agency agreement before signing
- 2.Ask your agent to explain any terms you don't understand
- 3.Discuss compensation openly so there are no surprises
- 4.Ensure all disclosures are provided in writing
- 5.Work with a REALTOR who prioritizes education and transparency
Have questions about how these law changes affect your transaction? Let's talk.
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Frequently Asked Questions
Do buyers now have to pay their agent's commission in New York?
Buyer agency agreements outline how the buyer's agent is compensated. In many cases, the seller still offers compensation through the MLS. The key change is that compensation is now discussed and agreed upon upfront, creating more transparency for everyone.
What is a buyer agency agreement?
A buyer agency agreement is a written contract between you and your agent that defines the services provided, the duration of the relationship, and how the agent is compensated. It ensures you have formal representation throughout your home search.
Do these law changes make it harder to buy or sell a home?
No. The changes are designed to increase transparency and protect consumers. With the right agent who explains every step, the process remains straightforward. I guide all my clients through these changes with clear, honest communication.
Joseph Delli Carpini
REALTOR® with Real Broker NY
Joseph Delli Carpini is a REALTOR® with Real Broker NY and a resident of Mount Pleasant in Westchester County. Before real estate, he served nearly 25 years as a civil servant in Westchester County and New York City. He helps buyers, sellers, investors, and renters throughout Westchester County, Putnam County, and the Bronx, building relationships on trust, communication, and exceptional service.
