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J Philip Faranda

"Broker-Owner"
  • 3 Answers
  • 15 Blog posts
  • 43 Listings
Broker at J. Philip Real Estate
Experience:
Loan Officer for Residential Home Funding July 1950—present
Principal Broker for Home Trek Realty LLC May 1996—present
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Specialties:
J. Philip Faranda, Broker-Owner of J. Philip Real Estate, sells real estate in all communities of Westchester, Rockland, Putnam and Dutchess counties. ... show more
Certifications
& Awards:
Westchester-Putnam MLS Diamond Sales Award -2008
Westchester-Putnam MLS Diamond Sales Award -2007 #1 Ranking for Single Family Home Transactions
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About:
J. Philip Real Estate is a boutique-style, independent brokerage serving all of Westchester, Putnam, Dutchess and Rockland Counties. It is owned and operated ... show more
J Philip Faranda answered:
The common practice is to have an attorney in the closing process in New York. While they are not legally required, you don't bring a stick to a gunfight. The seller will absolutely have an attorney, and so should you.

I am a NYC area broker. The buyer almost never pays commission separate from the purchase proceeds- you have it right. They are paid by the seller at closing. Choose you agent widely. Depending on what part of brooklyn you are in, they should be either a REALTOR or REBNY member, full time, and with references and a strong sales record. Good luck. - Sun Mar 15 2009, 21:03

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