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News & Insights

New Laws To Require Remote ID of Drone Operators

INSIGHTS | By: | May 8, 2018

Private use of small Unmanned Aerial Vehicles (“UAVs” or “drones”) for recreational and commercial use has been sky-rocketing.  This trending surge of UAV traffic has caused civil regulators at the federal, state and local levels to begin enacting various rules...

What Are Your Rights as a Trust Beneficiary?

INSIGHTS | By: | May 8, 2018

Trust Beneficiaries are Entitled to Yearly Trust Reports and Other Information Trust reports should be mailed out annually to the beneficiaries and should indicate the Trust’s income and expenses, including commissions paid. If, upon request, the trustee fails to...

New York Bans Firearms Insurance Program

INSIGHTS | By: | May 3, 2018

New York State has recently fined Lockton Companies $7,000,000 for advertising and selling the NRA-branded firearm insurance program known as “Carry Guard” to state residents. The NRA program, which provides comprehensive personal firearms liability coverage for legal...

Commission Agreements Conditioned Upon Verbal Agreements of Sale

INSIGHTS | By: | April 24, 2018

The Appellate Division, Second Department recently issued an interesting decision concerning brokerage commissions in Regency Homes Realty Group, Inc. v. Leo and Laura, LLC, 155 A.D.3d 1075, 1077 (2d Dept. 2017). The case illustrates that, although a brokerage...

New Legislation for the Town and Village of Southampton

INSIGHTS | By: | April 23, 2018

As of December 31, 2022 the Town of Southampton will discontinue its partial real property tax exemption program which is now available to eligible first-time home buyers of newly constructed or substantially altered and renovated homes. Town Code Section 298-36...

Collecting Unpaid Commissions – The Law Can Help You

INSIGHTS | By: | April 23, 2018

One of the occupational hazards faced by brokers is the fight to recover a commission after a transaction has been successfully completed. When a seller or landlord fails to pay the broker’s fee, the New York Real Property Law and, under some circumstances, the...

All Mechanic’s Lien Waivers Are Not Created Equal

INSIGHTS | By: | April 6, 2018

Mechanics’ lien waivers are intended to prevent construction contractors or material suppliers from filing a lien in connection with work for which an owner has already made payment. An effective waiver should protect the owner by requiring the contractor to: (i)...
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