N.Y. Real Property Law § 466: Duty of an agent

§ 466. Duty of an agent. An agent representing a seller of residential

real property as a listing broker shall have the duty to timely inform

each seller represented by that agent of the seller's obligations under

this article. An agent representing a buyer of residential real

property, or, if the buyer is not represented by an agent, the agent

representing a seller of residential real property and dealing with a

prospective buyer, shall have the duty to timely (in any event, before

the buyer signs a binding contract of sale) inform such buyer of the

buyer's rights and obligations under this article. If an agent performs

the duties and obligations imposed upon him or her pursuant to this

section, the agent shall have no further duties under this article and

shall not be liable to any party for a violation of this article.