Senate Bill S5426

2025-2026 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Judiciary 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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2025-S5426 (ACTIVE) - Details

Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §441, RP L
Versions Introduced in Other Legislative Sessions:
2021-2022: S5982
2023-2024: S5197

2025-S5426 (ACTIVE) - Summary

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

2025-S5426 (ACTIVE) - Sponsor Memo

2025-S5426 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5426
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 21, 2025
                                ___________
 
 Introduced  by  Sens. SKOUFIS, HINCHEY, MURRAY -- read twice and ordered
   printed, and when printed to be committed to the Committee on  Judici-
   ary
 
 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09066-01-5
              

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