Office of the Attorney General Real Estate Finance Bureau

Office of the Attorney General - Real Estate Finance Bureau

The Office of the Attorney General - Real Estate Finance Bureau is a pivotal government office located in the heart of Downtown Manhattan at 28 Liberty Street, 15th Floor, New York, NY 10005. This bureau plays a critical role in overseeing and regulating real estate transactions across New York State, ensuring transparency, fairness, and compliance with state laws. As part of the New York State Office of the Attorney General, it serves as a watchdog for consumer protection in one of the most dynamic and complex real estate markets in the world.

Key Responsibilities and Services

The Real Estate Finance Bureau is tasked with enforcing laws related to real estate securities and protecting both buyers and sellers from fraudulent practices. One of its primary functions is to oversee the offering plans for condominiums, cooperatives, timeshares, and homeowners’ associations. Developers are required to submit these offering plans to the bureau for review before they can market their properties to potential buyers. This ensures that all disclosures are accurate and complete, providing consumers with essential information about their investments.

Additionally, this bureau monitors compliance with regulations governing escrow accounts for down payments made by prospective buyers. By doing so, it safeguards consumers’ financial interests during property transactions. The bureau also investigates complaints related to deceptive practices or violations of real estate laws, working diligently to hold violators accountable.

Commitment to Consumer Protection

A cornerstone of the Real Estate Finance Bureau’s mission is its unwavering commitment to consumer protection. In a city like New York—where real estate transactions often involve significant financial stakes—the bureau acts as an advocate for fairness and integrity. It provides resources and guidance to help individuals navigate complex legal frameworks while ensuring developers adhere strictly to state-mandated requirements.

Location and Accessibility

Situated in Downtown Manhattan’s bustling financial district at 28 Liberty Street, this office is easily accessible via public transportation. Its central location underscores its importance as a hub for regulatory oversight in one of the busiest real estate markets globally.

Whether you’re a developer seeking approval for an offering plan or a consumer looking for assistance with a real estate-related issue, the Office of the Attorney General - Real Estate Finance Bureau stands as a trusted authority dedicated to upholding ethical standards in New York’s real estate industry.

This government office remains an essential resource for maintaining accountability within New York’s vibrant property market while fostering trust between developers and consumers alike.