“Real Estate Websites and Broker Regulation"

The New York Real Estate Journal published an article by Olshan Real Estate Partner Thomas Kearns entitled “Real Estate Websites and Broker Regulation." The article discusses the need to update New York’s broker licensing statute and rules to accommodate evolving, more technologically advanced methods of connecting buyers and sellers and landlords and tenants.  An example of the potential problems caused by technological advances is the recent lawsuit against AirBNB alleging that the company is not entitled to collect fees for connecting tourists with New Yorkers offering space in their residences because it is not licensed under New York’s brokerage laws.