Assembly Bill A10656

2023-2024 Legislative Session

Extends the revocation period for real estate brokers and real estate salespersons; and includes the license revocation history of real estate brokers or real estate salespersons on the data.ny.gov website

download bill text pdf

Sponsored By

Current 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

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2023-A10656 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §441-c, RP L

2023-A10656 (ACTIVE) - Summary

Extends the revocation period for real estate brokers and real estate salespersons from one year to three years; includes the licnese revocation and suspension history of real estate brokers or real estate salespersons on the data.ny.gov website.

2023-A10656 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10656
 
                           I N  A S S E M B L Y
 
                               July 22, 2024
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Solages) --
   read once and referred to the Committee on Judiciary
 
 AN ACT to amend the real property law,  in  relation  to  extending  the
   revocation period for real estate brokers and real estate salespersons
   and to including the license revocation and suspension history of real
   estate brokers or real estate salespersons on the data.ny.gov website
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 4 of section 441-c of the real property law, as
 amended by chapter 529 of the laws of 2022, is amended and a new  subdi-
 vision 5 is added to read as follows:
   4.  Whenever the license of a real estate broker or real estate sales-
 person is revoked by the department, such real  estate  broker  or  real
 estate salesperson shall be ineligible to be relicensed either as a real
 estate broker or real estate salesperson until after the expiration of a
 period of [one year] THREE YEARS from the date of such revocation.
   5.  IF  THE LICENSE OF A REAL ESTATE BROKER OR REAL ESTATE SALESPERSON
 IS SUSPENDED OR REVOKED PURSUANT TO THE PROVISIONS OF THIS SECTION, SUCH
 SUSPENSION OR REVOCATION SHALL BE ADDED TO THE INFORMATION PERTAINING TO
 SUCH REAL ESTATE BROKER OR REAL ESTATE  SALESPERSON  SET  FORTH  IN  THE
 LISTING OF ACTIVE REAL ESTATE SALESPERSONS AND BROKERS MAINTAINED BY THE
 DEPARTMENT  OF  STATE  ON THE ONLINE OPEN DATA WEBSITE (DATA.NY.GOV) AND
 MADE AVAILABLE TO THE PUBLIC.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date upon which it shall have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15937-01-4

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