SELLING IN NEW YORK
Complete compliance guide for selling your home in New York. Meydomo handles all state-specific requirements, MLS compliance, and legal disclosures.
Last updated November 10, 2025
Agent always available. $199 today, $999 at closing—no 6% surprises.
Licensed Qualifying Broker Supervision
Every Meydomo transaction in New York operates under the supervision of a licensed Qualifying Broker who ensures full regulatory compliance:
- • Daily: Review all new listings, price changes, and advertising
- • Weekly: Audit 10% of active files for compliance
- • Monthly: Reconcile trust accounts and verify licenses
- • 24/7 Escalation: Call (448) 408-1873 and press 9 for direct Broker access
- • Coverage: E&O insurance on every transaction
AI handles the volume. Broker ensures compliance. You get both for $199 + $999.
New York Real Estate Overview
New York is an attorney-closing state with Property Condition Disclosure Act requiring disclosure or $500 credit. MLS coverage is fragmented with one of the most expensive markets.
Federal Compliance Checklist
Lead-Based Paint Hazard Disclosure
Federal law (Residential Lead-Based Paint Hazard Reduction Act of 1992) requires sellers of housing built before 1978 to disclose any known lead-based paint or lead hazards and provide buyers with the EPA lead hazard pamphlet, along with a lead disclosure form (HUD-Lead Disclosure) signed by both parties. Buyers must be given 10 days (or a mutually agreed period) to conduct a lead paint risk assessment or waive the opportunity.
Fair Housing Act (No Discriminatory Advertising)
Under the federal Fair Housing Act, sellers and agents must not publish any real estate advertisement that indicates a preference, limitation, or discrimination based on protected classes. New York State’s Human Rights Law adds additional protected classes. Therefore, advertising phrasing like 'ideal for single professionals' or 'no kids' is prohibited.
State-Level Rules Sellers Must Follow
Property Condition Disclosure Act (PCDA)
New York’s PCDA (N.Y. Real Property Law §462) requires sellers of residential real property (one to four-family) to complete a statutory **Property Condition Disclosure Statement** (PCDS) or else credit the buyer $500 at closing in lieu of the statement. The PCDS is a prescribed 48-question form covering the condition of the property (structure, systems, environmental, etc.). However, New York’s law has a unique provision: if the seller chooses **not** to complete the PCDS, they must give a $500 credit to the buyer at closing, and the seller sells “as is.” In practice, many New York sellers opt to pay the $500 and **not** fill out the form (thus limiting their disclosure liability). Regardless, certain issues must still be disclosed even if no form is given: for example, if a property is in an agricultural district, the seller must give a notice about farming practices; newly as of 2023, sellers must **disclose known flood risks and flood history** even if paying the $500 credit. Also, all sellers must provide the **Megan’s Law** sex offender notice as part of the contract. Sellers (and agents) remain liable for outright fraudulent concealment of issues. The PCDA doesn’t require disclosure of stigmas (like death on property) or occupancy by someone with HIV (expressly not required).
County & City Considerations
Local Requirements (NYC and others)
New York City does not impose a separate property condition form; however, NYC has some unique requirements at sale. For instance, in NYC the seller of a co-op or condo must disclose the building’s smoking policy to the buyer (NYC Local Law 147 of 2017). NYC also requires a property owner to inform the buyer if the property has any known indoor mold issues or bedbug infestations (for rentals it’s required, for sales it’s good practice). Additionally, some counties (e.g., Westchester County) mandate that sellers test private well water and septic and provide results to buyers. Long Island counties require disclosure of property being in certain zones like pine barrens. New York State also recently (2021) requires flood zone and insurance disclosure on the PCDS or via a separate form. In sum, local addenda exist (especially for co-ops/condos via managing agent questionnaires), but the primary framework is state law.
Seller Disclosure Requirements
What sellers must disclose in New York:
- Property Condition Disclosure Act (RPL §462) governs disclosure
- Sellers must deliver statutory form or pay buyer $500 credit
- If no disclosure provided, buyer entitled to $500 at closing
- Federal lead-paint disclosure for pre-1978 homes
- Disclosure or credit option unique to New York
MLS Rules & Listing Logistics
MLS Rules (OneKey MLS, etc.)
New York has several MLSs (OneKey MLS for NYC/Long Island/Hudson Valley, others upstate). A listing agreement is required. The Clear Cooperation policy is now adopted by most NY MLSs (within 1 business day of public marketing). Because many NY sellers opt out of the PCDS and give the $500 credit, MLS remarks often state "Seller will provide $500 credit in lieu of property condition disclosure" to make it clear to buyers. MLS listings also routinely include info like annual property taxes, and in NYC, monthly co-op or condo fees, as these are material for buyers. Agents typically will attach any available disclosures or relevant documents (e.g., oil tank removal certificate) to the MLS. Fair housing: New York has very strict regulations on agent advertising (they must include the "Standardized Operating Procedure" and Fair Housing Notice on their websites), and MLS will not permit any potentially discriminatory language. MLSs in NY will fine for miscategorized status or failing to update price changes promptly. Additionally, given NY’s law on confidential buyer information, agents avoid putting anything in remarks like "desperate seller" or "relocating" without permission. Overall, MLS is used to share whatever information is available since the formal PCDS is often not used.
How Much Equity You Keep on a $449,000 Sale
Every seller sees the math before launch. We assume a $13,470 buyer-agent incentive (3%) across all options so you can compare apples-to-apples with “flat fee” services that tack on a percentage at closing.
| Option | Upfront Fees | Due at Closing | Total Listing Cost | Buyer Agent (3%) | Total Listing & Selling Costs | Savings vs 6% |
|---|---|---|---|---|---|---|
| Meydomo Flat-Fee MLS1 | $199 | $999 | $1,198 | $13,470 | $14,668 | $12,272 |
| Housecoin “Flat Fee”2 | $0 | $4,490 | $4,490 | $13,470 | $17,960 | $8,980 |
| Houzeo Silver Plan3 | $249 | $2,245 | $2,494 | $13,470 | $15,964 | $10,976 |
| Traditional 6% Agent4 | $0 | $13,470 | $13,470 | $13,470 | $26,940 | — |
* Buyer-agent line assumes a 3% incentive across every scenario. Sellers can set Meydomo buyer-agent payouts anywhere from 2% to 3%.
1 Meydomo pricing: $199 to launch, $999 at close. Buyer-agent incentives remain optional.
2 Housecoin advertises no upfront cost but charges 1% of sale price at close (marketed as “flat fee”).
3 Houzeo Silver plan: $249 list fee plus 0.5% at close, subject to $999 minimum (houzeo.com/pricing).
4 Traditional listing assumed 3% listing-side commission and 3% buyer-agent commission (typical 6% split).
New York Seller FAQ
How does Meydomo's $999 service work for sellers in New York?
We handle MLS entry, buyer-agent coordination, disclosures, and closing support under the supervision of a licensed Qualifying Broker. You pay $199 today and $999 when the deal closes—no percentage commission. Every transaction includes daily Broker review, weekly file audits, and professional oversight.
Who supervises the AI agents in New York?
Our licensed Qualifying Broker maintains non-delegable supervisory responsibility for all transactions. The Broker performs daily reviews of new listings and price changes, weekly audits of active files (minimum 10%), monthly trust account reconciliation, and immediate intervention for complex situations. This ensures full compliance with state real estate laws.
Can I still offer buyer-agent commission in New York?
Yes. You decide what to offer buyer agents (often 2–3%). Meydomo publishes it in the MLS and we show how it affects your net in the cost table and calculator. Our Broker reviews all commission structures for compliance.
What happens when an agent calls from New York?
Our AI agents answer inbound calls instantly with licensed Qualifying Broker oversight, qualify buyers, and route serious inquiries to you or your transaction coordinator so you never miss momentum. The Broker monitors all interactions for compliance and intervenes when professional judgment is needed.
Can I get compliance help with New York disclosures?
Yes. We walk you through every required form, double-check timelines, and keep a shared checklist so nothing slips through state or MLS rules. Our Qualifying Broker reviews all disclosures before publication to ensure legal compliance.
How can I reach the Qualifying Broker directly?
Direct Broker escalation is available 24/7. Call (448) 408-1873 and press 9 for priority routing, or email broker-escalation@meydomo.com. Response time is within 4 hours for urgent matters, 24 hours for general concerns. The Broker handles complex negotiations, regulatory issues, and any situation requiring professional real estate judgment.
Tools to Plan Your New York Sale
Commission Savings Calculator
See the exact dollars you keep in New York: $11,000-$24,000 savings vs traditional $12,000-$25,000 commissions.
Launch tool →Offer Comparison Grid
Line up every New York offer and see which terms actually deliver the highest net.
Launch tool →Closing Timeline Planner
Map every disclosure, inspection, and funding deadline required in New York.
Launch tool →Commission Savings in New York
Compare a traditional 6% listing with Meydomo's $199 upfront + $999 at closing. Adjust the buyer-agent incentive to match your plan.
Enter a sale price and commission assumptions to see the dollar impact of Meydomo's flat fee.
Closing Timeline Generator
Timeline automation ships in Phase 2. Beta testers get first access when we roll out inspection, financing, and escrow countdowns.
Explore the toolMarket Insights & Trends (2024-2025)
Current Market Data
- • Median home price: ~$449,000 statewide
- • Year-over-year growth: +2.0%
- • NYC median >$780,000
- • Suburban Westchester/Nassau/Long Island competitive
- • Upstate markets stable to modestly positive
Cities We Serve in New York
Meydomo provides comprehensive MLS coverage and compliance expertise across all major population centers in New York.
Rank #1
New York
Estimated population: 8,461,961
Rank #2
Buffalo
Estimated population: 258,989
Rank #3
Rochester
Estimated population: 210,291
Rank #4
Yonkers
Estimated population: 199,725
Rank #5
Syracuse
Estimated population: 144,350
Rank #6
Albany
Estimated population: 98,425
Don't see your city listed?
We serve every community in New York.
Call (448) 408-1873 and we’ll assemble the right local team.
Our New York Broker Network
New York's complex legal requirements and high-value transactions require experienced attorney-broker coordination.
Ready to sell in New York?
Now that you know the requirements, start your $999 flat-fee listing and keep more of your equity.
Start for $199 (pay $999 at closing)