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NEW YORK CITY- In the midst of the commercial real estate industry where rent and broker fee regulations aim to prevail, making sure real estate brokers are maintaining transparency and following changing real estate legislation guidelines is key, and if not taken seriously can cost brokerage firms thousands of dollars in litigation costs, David Michonski, founder of Quigler, a new real estate tool setting out to keep abreast of regulations on its brand new real estate application, tells GlobeSt.com.
On the Quigler application, consumers can see the sequential steps of a buy and sell transaction and follow along, including a Code of Ethics set forth by the National Association of Realtors, and all Federal, and in some locations State laws applicable to real estate transactions. And for consumers on the buy-side, it aims to provide transparency and real-time updates from beginning to end so there aren't questions about what an agent is doing to earn that huge commission, Michonski said.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
