Assembly Bill A3474

2023-2024 Legislative Session

Increases the period of supervision required for certain real estate license applications

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-A3474 (ACTIVE) - Details

See Senate Version of this Bill:
S5197
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §441, RP L
Versions Introduced in 2021-2022 Legislative Session:
A7350, S5982

2023-A3474 (ACTIVE) - Summary

Increases the period of supervision to five years for real estate brokers applying for a license.

2023-A3474 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3474
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 3, 2023
                                ___________
 
 Introduced  by  M. of A. FAHY -- read once and referred to the Committee
   on Judiciary
 
 AN ACT to amend the real property law, in  relation  to  increasing  the
   period  of supervision required for certain real estate license appli-
   cations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph (b) of subdivision 1 of section 441 of the real
 property law, as separately amended by sections 6 and 7 of  chapter  529
 of the laws of 2022, is amended to read as follows:
   (b)  Such further information as the department may reasonably require
 shall be furnished by the applicant including sufficient proof of having
 taken and passed a written examination and answered  such  questions  as
 may  be  prepared by the department to enable it to determine the trust-
 worthiness of the applicant if an individual, or of  each  member  of  a
 co-partnership  or  each  member  of a limited liability company or each
 officer of a corporation for whom a license as a broker  is  asked,  and
 their  competency to transact the business of real estate broker in such
 a manner as to safeguard the interests of  the  public.  In  determining
 competency,  the  department  shall  require proof that the person being
 tested to qualify to apply for a broker's license has a  fair  knowledge
 of  the  English  language, a fair understanding of the general purposes
 and general legal effect of deeds, mortgages, land  contracts  of  sale,
 and  leases, a general and fair understanding of the obligations between
 principal and agent, has taken a class on cultural competency  training,
 a  general  and  fair  understanding  of the laws, rules and regulations
 pertaining to fair housing and discrimination in the sale or  rental  of
 real  property  or  an  interest  in  real  property,  as well as of the
 provisions of this section. The applicant must also furnish  proof  that
 they  have  attended  for  at  least one hundred fifty-two hours and has
 successfully completed a real estate course or courses approved  by  the

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04161-01-3
              

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