Assembly Bill A7840A

2013-2014 Legislative Session

Requires real estate teams to be registered with the department of state

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

2013-A7840 - Details

See Senate Version of this Bill:
S5508
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §440, add §440-c, RP L
Versions Introduced in Other Legislative Sessions:
2015-2016: S3318
2017-2018: S3537
2019-2020: S395
2021-2022: S4503
2023-2024: S3076

2013-A7840 - Summary

Requires real estate teams to be registered with the department of state.

2013-A7840 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7840

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              June 6, 2013
                               ___________

Introduced by M. of A. CUSICK -- read once and referred to the Committee
  on Judiciary

AN  ACT  to  amend  the  real property law, in relation to defining real
  estate team and requiring the registration of real estate teams

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 440 of the real property law is amended by adding a
new subdivision 7 to read as follows:
  7. "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE A REAL ESTATE
BROKER, ASSOCIATE REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, WHO ARE
ASSOCIATED  WITH  THE  SAME REAL ESTATE BROKERAGE AND WHO REGISTER THEM-
SELVES AS A TEAM PURSUANT TO THIS ARTICLE.
  S 2. The real property law is amended by adding a new section 440-c to
read as follows:
  S 440-C. REAL ESTATE TEAMS; REGISTRATION. 1. ANY  DULY  LICENSED  REAL
ESTATE BROKER, ASSOCIATE BROKER OR SALESPERSON DESIRING TO ACT AS A REAL
ESTATE TEAM SHALL HAVE THE REAL ESTATE BROKER WITH WHOM THEY ARE ASSOCI-
ATED  FILE,  WITH  THE  DEPARTMENT  OF STATE AT ITS OFFICE IN ALBANY, AN
APPLICATION FOR THE REGISTRATION OF THE TEAM NAME.
  SUCH APPLICATION SHALL BE IN SUCH FORM AND DETAIL AS  SUCH  DEPARTMENT
SHALL PRESCRIBE INCLUDING:
  (A)  THE  FULL TEAM NAME AND ADDRESS OF THE OFFICE WHERE THE TEAM WILL
OPERATE; AND
  (B) THE NAME OR NAMES AND LICENSE NUMBER OR NUMBERS  OF  THE  LICENSED
INDIVIDUAL OR INDIVIDUALS COMPRISING THE TEAM NAME.
  2.  TEAM NAMES SHALL EITHER:
  (A)  INCLUDE THE FULL LICENSED NAME OF AT LEAST ONE OF THE REAL ESTATE
BROKER OR BROKERS, ASSOCIATE BROKER OR BROKERS OR REAL ESTATE  SALESPER-
SON OR SALESPERSONS THAT ARE PART OF SUCH TEAM; OR
  (B) IF SUCH A NAME IS NOT INCLUDED, THE TEAM NAME SHALL BE IMMEDIATELY
FOLLOWED BY "AT/OF (FULL NAME OF REAL ESTATE BROKER/BROKERAGE)".

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11016-04-3

co-Sponsors

multi-Sponsors

2013-A7840A (ACTIVE) - Details

See Senate Version of this Bill:
S5508
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §440, add §440-c, RP L
Versions Introduced in Other Legislative Sessions:
2015-2016: S3318
2017-2018: S3537
2019-2020: S395
2021-2022: S4503
2023-2024: S3076

2013-A7840A (ACTIVE) - Summary

Requires real estate teams to be registered with the department of state.

2013-A7840A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7840--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              June 6, 2013
                               ___________

Introduced by M. of A. CUSICK -- read once and referred to the Committee
  on  Judiciary -- committee discharged, bill amended, ordered reprinted
  as amended and recommitted to said committee

AN ACT to amend the real property law,  in  relation  to  defining  real
  estate team and requiring the registration of real estate teams

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 440 of the real property law is amended by adding a
new subdivision 7 to read as follows:
  7. "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE A REAL ESTATE
BROKER, ASSOCIATE REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, WHO ARE
ASSOCIATED WITH THE SAME REAL ESTATE BROKERAGE AND  WHO  REGISTER  THEM-
SELVES AS A TEAM PURSUANT TO THIS ARTICLE.
  S 2. The real property law is amended by adding a new section 440-c to
read as follows:
  S  440-C.  REAL  ESTATE TEAMS; REGISTRATION. 1. ANY DULY LICENSED REAL
ESTATE BROKER, ASSOCIATE BROKER OR SALESPERSON DESIRING TO ACT AS A REAL
ESTATE TEAM SHALL HAVE THE REAL ESTATE BROKER WITH WHOM THEY ARE ASSOCI-
ATED FILE, WITH THE DEPARTMENT OF STATE AT  ITS  OFFICE  IN  ALBANY,  AN
APPLICATION FOR THE REGISTRATION OF THE TEAM NAME.
  SUCH  APPLICATION  SHALL BE IN SUCH FORM AND DETAIL AS SUCH DEPARTMENT
SHALL PRESCRIBE INCLUDING:
  (A) THE FULL TEAM NAME AND ADDRESS OF THE OFFICE WHERE THE  TEAM  WILL
OPERATE; AND
  (B)  THE  NAME  OR NAMES AND LICENSE NUMBER OR NUMBERS OF THE LICENSED
INDIVIDUAL OR INDIVIDUALS COMPRISING THE TEAM NAME.
  2.  TEAM NAMES SHALL EITHER:
  (A) INCLUDE THE FULL LICENSED NAME OF AT LEAST ONE OF THE REAL  ESTATE
BROKER  OR BROKERS, ASSOCIATE BROKER OR BROKERS OR REAL ESTATE SALESPER-
SON OR SALESPERSONS THAT ARE PART OF SUCH TEAM; OR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11016-05-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.