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I am all for freedom of responsible speech and for the right to know. I am also for the right to protect the coop and condo and all shareholders. Why limit the lawsuit just to the person/s denied and his broker? Why not add the contractor and moving company as well as anyone else whom would have made money if the deal went through?
I think the key word is responsible. If the bill does pass, there has to be some legal protection from lawsuits for the coop/condo and all involved. Other wise it wont be responsible.
Just my 2 cents worth.
Pgrech
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I agree, Pgrech.
Why not add the buyers' lawyers and the guy who sells moving boxes and packing tape?
The reason was revealed by Councilman Monserrate yesterday (he's the sponsor of the bill) on Brian Lehrer's show on WNYC.
As I remember it (this is a paraphrase; check a previous post here to find a link to a podcast of the show), Brain asked if the real estate community had been pushing for this bill all along. Monserrate said Yes.
* * * * *
I should point out an error I made in my original post. Under the bill, no one gets the right to sue, but rejected buyers and their real estate agents can complain to the city, which could then file charges; if a co-op is found guilty, both the buyer AND the real estate agent would be awarded damages of $1000 to $25,000.
Any lawsuit would come as a result of the bill's requirement that boards put in writing the reason for the denial and swear to its accuracy. The rejected buyer could then hire a lawyer to sue with the letter as evidence.
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