New Legislation Could Save Real Estate Brokers $1,000

Date: October 31, 2018

Earlier this year, the New York State legislature passed a bill that would help reduce fines for a small business owner’s first offense. The legislation will now go to Governor Andrew Cuomo for review, reports the Albany Business Review.

Brett Baxt, president of Commercial and Industrial Real Estate Brokers Inc. and licensed associate real estate broker at The Howard Group in Albany, New York, says that this distinction has recently cost multiple members of the association.

 The legislation would allow businesses in the state with 100 or fewer employees a warning instead of a fine on a first-time regulatory violation that isn’t harmful to the public.

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