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NYC Rules of the City of New York

§ 62-18 — Business Procedures - Net Listings.

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What is NYC RCNY § 62-18?

Quick Answer

Net Listings. A Broker must not enter into a net listing contract for the transfer of a Medallion or any interest in it unless the contract is part of a bulk transfer of 10 or more Medallions owned by a fleet or minifleet and is completed within six months of the listing.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 62-18 Business Procedures – Net Listings.

RCNY § 62-18

Net Listings. A Broker must not enter into a net listing contract for the transfer of a Medallion or any interest in it unless the contract is part of a bulk transfer of 10 or more Medallions owned by a fleet or minifleet and is completed within six months of the listing. 35 RCNY § 62-18Fine: $100 - $1,000Appearance REQUIRED

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