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Who cares
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Sponsors
3 Co-sponsors
History
- Referred to judiciary
- Delivered to assembly
- Passed senateVote 61–0
- Ordered to third reading cal.1606
- Committee discharged and committed to rules
- Referred to judiciary
- Print number 3318a
- Amend (t) 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.
Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team
In Assembly Committee · Judiciary · Sponsor Michael Cusick
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3318A
Title of bill
An act to amend the real property law, in relation to defining real estate team
Purpose or general idea of bill
To amend the real property law to define what constitutes a real estate "Team."
Summary of specific provisions
Section 1. Amends Section 440 of the real property law to define real estate "Team."
Section 2. Effective date.
Justification
"Teams" have become a popular form of practice among real estate professionals in recent years. Teams offer a new form of customer service and are a consumer-friendly, positive development in the real estate profession. Teams have been recognized by the New York State Department of State via regulation, but a formal statutory definition has not been provided. The purpose of this legislation is to amend the real property law to recognize and define real estate "teams." Providing a clear statutory definition will benefit both real estate licensees and consumers.
Prior legislative history
Similar to A.7840 of 2014.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.