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Who cares
Headline styles
Sponsors
2 Co-sponsors
History
- Signed chap.345
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.228
- Substituted for A9996A
- Referred to judiciary
- Delivered to assembly
- Passed senateVote 59–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.791
Show 3 earlier actions
- Print number 6988a
- Amend and recommit to judiciary
- Referred to judiciary
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the expiration of real estate licenses and service of a real estate salesman with a broker
Assembly Floor Calendar · Sponsor Kenneth Zebrowski
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6988A
Title of bill
An act to amend the real property law, in relation to real estate license terms and service with a real estate broker
Purpose
The bill amends the real property law to make a technical amendment to the real estate license term and expiration, and streamlines the process by which real estate brokers and salespersons terminate and establish new records of association.
Summary of provisions
Subdivision 2 of section 441-a of the real property law is amended to make the "Term" of a real estate license the two year term up to and including the date specified on the real estate license.
Subdivision 11 of section 441-a of the real property law is amended to require a real estate broker to the termination of association with the Secretary of State if a real estate salesperson leaves the service of the real estate broker to pay a $20 fee to the Department of State upon the establishment of a new record of association with a broker.
Section 2 This act shall take effect on January 1, 2013.
Justification
Real estate practitioners are licensed in New York by the Department of State for a period of two years beginning at the application approval date. Subdivision 2 of Section 441-a of the real property law relating to real estate license terms however still refers to a universal license expiration date of the "thirty-first day of October of the year in which the license by its terms expires." This bill provides a technical amend- ment to bring the text of subdivision 2 of Section 441-a of the Real Property Law in line with the actual licensing renewal in practice in New York State.
Subdivision 11 of Section 441-a of the Real Property Law currently requires real estate brokers to file a termination of association with the Secretary of State and pay a $10 fee when a real estate salesperson disassociates with their brokerage. The real estate salesperson or spon- soring broker is then also required to pay a $10 fee when the salesper- son re-associates or joins with a new broker. The disassociation fees provide an opportunity for contention and therefore could delay the real estate salesperson from actively participating under their license. This bill would amend Subdivision 11 of Section 441-a of the Real Property Law to streamline this process by requiring a real estate broker to file only the termination of association with the Secretary of State when a real estate salesperson leaves the service of the real estate broker, and requiring the salesperson or their new sponsoring broker, to pay a $20 fee upon the establishment of a new record of association with the department of state.
Legislative history
New Bill.
Fiscal implications
None.
Effective date
Effective January 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.