NY A08910

Requires real estate brokers to present and sign a written buyer broker agreement with a buyer before providing services as a buyer's agent

Mandates that buyer broker agreements include a disclosure stating "Compensation is not set by law and is fully negotiable," along with party contact information, agreement duration, and agency relationship type

Requires detailed compensation terms in agreements, including the amount, how it is determined, when it is earned and due, and buyer consent for any compensation sharing with other brokers or payments from other parties

Obligates real estate brokers to retain signed buyer broker agreements for at least three years

Amends agency disclosure requirements to ensure buyers receive the disclosure form before entering into a buyer broker agreement, with separate provisions maintained for tenant's agents