Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 07, 2012 |
print number 9349a |
Mar 07, 2012 |
amend (t) and recommit to judiciary |
Feb 22, 2012 |
referred to judiciary |
Assembly Bill A9349
2011-2012 Legislative Session
Sponsored By
DENDEKKER
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
Vivian Cook
Michael Montesano
Jeffrion Aubry
multi-Sponsors
Alec Brook-Krasny
Nancy Calhoun
Matthew Titone
2011-A9349 - Details
2011-A9349 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9349 I N A S S E M B L Y February 22, 2012 ___________ Introduced by M. of A. DenDEKKER -- read once and referred to the Committee on Judiciary AN ACT to amend the real property law, in relation to requiring the secretary of state to promulgate rules requiring real estate salesper- sons to include his or her license number with his or her signature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 442-k of the real property law, as added by chapter 248 of the laws of 1995, is amended to read as follows: 1. (A) The state real estate board shall have the power to promulgate rules or regulations affecting brokers and sales persons in order to administer and effectuate the purposes of this article, except that matters pertaining to commingling money of a principal, rendering accounts for a client, managing property for a client, broker's purchase of property listed with him or her, inducing breach of contract of sale or lease, and records of transactions to be maintained are reserved for the exclusive regulatory authority of the secretary of state. (B) The secretary of state, and not the state real estate board shall promulgate rules and regulations to administer or implement the provisions of sections four hundred forty-one and four hundred forty- two-h of this article. [In addition, the] (C) THE secretary of state shall have exclusive regulatory authority to promulgate rules regarding the duties and responsibilities of real estate brokers and salespersons with regard to the handling of clients' funds. (D) THE SECRETARY OF STATE SHALL PROMULGATE RULES OR REGULATIONS REQUIRING EACH REAL ESTATE SALESPERSON TO INCLUDE HIS OR HER LICENSE NUMBER WITH HIS OR HER SIGNATURE ON EVERY DOCUMENT HE OR SHE IS REQUIRED TO SIGN AS PART OF HIS OR HER DUTIES AS A REAL ESTATE SALESPERSON. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14672-01-2
co-Sponsors
Vivian Cook
Michael Montesano
Jeffrion Aubry
Ellen C. Jaffee
multi-Sponsors
William Boyland
James F. Brennan
Alec Brook-Krasny
Nancy Calhoun
2011-A9349A (ACTIVE) - Details
2011-A9349A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9349--A I N A S S E M B L Y February 22, 2012 ___________ Introduced by M. of A. DenDEKKER, COOK, MONTESANO, AUBRY -- Multi-Spon- sored by -- M. of A. BROOK-KRASNY, CALHOUN, TITONE -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the real property law, in relation to requiring the secretary of state to promulgate rules requiring every real estate salesperson and real estate broker involved in or present during a real estate transaction to include his or her license number and signature on every document requiring a signature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 442-k of the real property law, as added by chapter 248 of the laws of 1995, is amended to read as follows: 1. (A) The state real estate board shall have the power to promulgate rules or regulations affecting brokers and sales persons in order to administer and effectuate the purposes of this article, except that matters pertaining to commingling money of a principal, rendering accounts for a client, managing property for a client, broker's purchase of property listed with him or her, inducing breach of contract of sale or lease, and records of transactions to be maintained are reserved for the exclusive regulatory authority of the secretary of state. (B) The secretary of state, and not the state real estate board shall promulgate rules and regulations to administer or implement the provisions of sections four hundred forty-one and four hundred forty- two-h of this article. [In addition, the] (C) THE secretary of state shall have exclusive regulatory authority to promulgate rules regarding the duties and responsibilities of real estate brokers and salespersons with regard to the handling of clients' funds. (D) THE SECRETARY OF STATE SHALL PROMULGATE RULES OR REGULATIONS REQUIRING EVERY REAL ESTATE SALESPERSON AND/OR REAL ESTATE BROKER INVOLVED IN OR PRESENT DURING A REAL ESTATE TRANSACTION TO EACH LEGIBLY SIGN AND INCLUDE HIS OR HER LICENSE NUMBER ON EVERY DOCUMENT REQUIRING A SIGNATURE OF SUCH SALESPERSON OR BROKER IN SUCH TRANSACTION. S 2. This act shall take effect immediately.
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