Legislation
SECTION 441-B
License fees
Real Property (RPP) CHAPTER 50, ARTICLE 12-A
§ 441-b. License fees. 1. The fee for a license issued or reissued
under the provisions of this article entitling a person, co-partnership,
limited liability company or corporation to act as a real estate broker
shall be one hundred fifty-five dollars plus an additional thirty dollar
surcharge. Such surcharge shall be collected by the department of state
and deposited into the anti-discrimination in housing fund established
pursuant to section eighty-a of the state finance law to be used for
statewide fair housing testing efforts. The fee for a license issued or
reissued under the provisions of this article entitling a person to act
as a real estate salesperson shall be fifty-five dollars plus an
additional ten dollar surcharge. Such surcharge shall be collected by
the department of state and deposited into the anti-discrimination in
housing fund established pursuant to section eighty-a of the state
finance law to be used for statewide fair housing testing efforts.
Notwithstanding the provisions of subdivision seven of section four
hundred forty-one-a of this article, after January first, nineteen
hundred eighty-six, the secretary of state shall assign staggered
expiration dates for outstanding licenses that have been previously
renewed on October thirty-first of each year from the assigned date
unless renewed. If the assigned date results in a term that exceeds
twenty-four months, the applicant shall pay an additional prorated
adjustment together with the regular renewal fee. The secretary of state
shall assign dates to existing licenses in a manner which shall result
in a term of not less than two years.
1-A. The fee for a person to take an examination offered by the
secretary of state pursuant to this article shall be fifteen dollars.
Fees collected by the department of state pursuant to this article shall
be deposited to the credit of the business and licensing services
account established pursuant to section ninety-seven-y of the state
finance law.
2. Corporations and co-partnerships. If the licensee be a corporation,
the license issued to it shall entitle the president thereof or such
other officer as shall be designated by such corporation, to act as a
real estate broker. For each other officer who shall desire to act as a
real estate broker in behalf of such corporation an additional license
expiring on the same date as the license of the corporation shall be
applied for and issued, as hereinbefore provided, the fee for which
shall be the same as the fee required by this section for the license to
the corporation. No license as a real estate salesperson shall be issued
to any officer of a corporation nor to any manager or member of a
limited liability company nor to a member of a co-partnership licensed
as a real estate broker. If the licensee be a co-partnership the license
issued to it shall entitle one member thereof to act as a real estate
broker, and for each other member of the firm who desires to act as a
real estate broker an additional license expiring on the same date as
the license of the co-partnership shall be applied for and issued, as
hereinbefore provided, the fee for which shall be the same as the fee
required by this section for the license to the co-partnership. If the
licensee be a limited liability company, the license issued to it shall
entitle one member thereof or one manager thereof to act as a real
estate broker, and for each other member or manager of the firm who
desires to act as a real estate broker an additional license expiring on
the same date as the license of the limited liability company shall be
applied for and issued, as hereinbefore provided, the fee for which
shall be the same as the fee required by this section for the license to
the limited liability company. In case a person licensed individually as
a real estate broker thereafter becomes an officer of a corporation or a
member or manager of a limited liability company or a member of a
co-partnership an application shall be made in behalf of such
corporation, limited liability company or co-partnership for a broker's
license for them as its representative for the remainder of the then
current license term, provided that the license and pocket card
previously issued to the licensee in their individual capacity shall
have been returned to the department whereupon the department shall
cause a properly signed endorsement to be made without charge on the
face of such license and pocket card as to such change of license status
and return the license and pocket card to the licensee.
3. Disposition of fees. The department of state shall on the first day
of each month make a verified return to the department of taxation and
finance of all fees received by it under this article during the
preceding calendar month, stating from what city or county received and
by whom and when paid.
under the provisions of this article entitling a person, co-partnership,
limited liability company or corporation to act as a real estate broker
shall be one hundred fifty-five dollars plus an additional thirty dollar
surcharge. Such surcharge shall be collected by the department of state
and deposited into the anti-discrimination in housing fund established
pursuant to section eighty-a of the state finance law to be used for
statewide fair housing testing efforts. The fee for a license issued or
reissued under the provisions of this article entitling a person to act
as a real estate salesperson shall be fifty-five dollars plus an
additional ten dollar surcharge. Such surcharge shall be collected by
the department of state and deposited into the anti-discrimination in
housing fund established pursuant to section eighty-a of the state
finance law to be used for statewide fair housing testing efforts.
Notwithstanding the provisions of subdivision seven of section four
hundred forty-one-a of this article, after January first, nineteen
hundred eighty-six, the secretary of state shall assign staggered
expiration dates for outstanding licenses that have been previously
renewed on October thirty-first of each year from the assigned date
unless renewed. If the assigned date results in a term that exceeds
twenty-four months, the applicant shall pay an additional prorated
adjustment together with the regular renewal fee. The secretary of state
shall assign dates to existing licenses in a manner which shall result
in a term of not less than two years.
1-A. The fee for a person to take an examination offered by the
secretary of state pursuant to this article shall be fifteen dollars.
Fees collected by the department of state pursuant to this article shall
be deposited to the credit of the business and licensing services
account established pursuant to section ninety-seven-y of the state
finance law.
2. Corporations and co-partnerships. If the licensee be a corporation,
the license issued to it shall entitle the president thereof or such
other officer as shall be designated by such corporation, to act as a
real estate broker. For each other officer who shall desire to act as a
real estate broker in behalf of such corporation an additional license
expiring on the same date as the license of the corporation shall be
applied for and issued, as hereinbefore provided, the fee for which
shall be the same as the fee required by this section for the license to
the corporation. No license as a real estate salesperson shall be issued
to any officer of a corporation nor to any manager or member of a
limited liability company nor to a member of a co-partnership licensed
as a real estate broker. If the licensee be a co-partnership the license
issued to it shall entitle one member thereof to act as a real estate
broker, and for each other member of the firm who desires to act as a
real estate broker an additional license expiring on the same date as
the license of the co-partnership shall be applied for and issued, as
hereinbefore provided, the fee for which shall be the same as the fee
required by this section for the license to the co-partnership. If the
licensee be a limited liability company, the license issued to it shall
entitle one member thereof or one manager thereof to act as a real
estate broker, and for each other member or manager of the firm who
desires to act as a real estate broker an additional license expiring on
the same date as the license of the limited liability company shall be
applied for and issued, as hereinbefore provided, the fee for which
shall be the same as the fee required by this section for the license to
the limited liability company. In case a person licensed individually as
a real estate broker thereafter becomes an officer of a corporation or a
member or manager of a limited liability company or a member of a
co-partnership an application shall be made in behalf of such
corporation, limited liability company or co-partnership for a broker's
license for them as its representative for the remainder of the then
current license term, provided that the license and pocket card
previously issued to the licensee in their individual capacity shall
have been returned to the department whereupon the department shall
cause a properly signed endorsement to be made without charge on the
face of such license and pocket card as to such change of license status
and return the license and pocket card to the licensee.
3. Disposition of fees. The department of state shall on the first day
of each month make a verified return to the department of taxation and
finance of all fees received by it under this article during the
preceding calendar month, stating from what city or county received and
by whom and when paid.