Does a Co-op board have to disclose the reason it rejects a buyer?

Asked by Iheartny, New York, NY Sat May 5, 2007

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
Joseph Ferra…, , New York County, NY
Sat Jun 2, 2007
Under current law, no. But an experienced agent (or attorney) can find out the reason. If you suspect discrimination you can bring an administrative hearing (at no cost & without need of a lawyer--though I would advise one) and at that hearing the Board is legally REQUIRED to give the reason. (see blog post link below)
1 vote
Mitchell Hall, Agent, New York, NY
Sun May 20, 2007
Under current law they do not. However there is a bill currently in the city council that will require coops to disclose in writing their reasons for rejecting a buyer. While there is much support for the bill at this time I do not know if the bill will be signed into law. See article below
1 vote
Search Advice
Search
Ask our community a question

Email me when…

Learn more