November 10, 2016
Q.: I would like to market to first-time homebuyers in New York, put them through a nonprofit loan program of which my company is not affiliated and eventually hand them off to a Realtor in New York. My company operates in Nevada and is licensed in real estate. We would collect a referral fee for providing ready-to-purchase homebuyers. Is my company able to market in New York without a state license? A: As straightforward as the question may seem, unfortunately, the answer is not. The question brings up fond (not!) memories of law school exams, where we were tested on a concept called “jurisdiction.” Jurisdiction involved questions like, “Is it fair for a particular court to hear this case?” And, “Is this state the appropriate place for the plaintiff to sue?” The answer depended on a number of factors, including whether there was a minimum level of contacts with a particular state or court that made it fair for it to hear the case (as opposed to a different location). Same thing happens with taxes.…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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