Bill Text: NY A10656 | 2023-2024 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-07-22 - referred to judiciary [A10656 Detail]

Download: New_York-2023-A10656-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10656

                   IN ASSEMBLY

                                      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:

     1    Section 1. Subdivision 4 of section 441-c of the real property law, as
     2  amended by chapter 529 of the laws of 2022, is amended and a new  subdi-
     3  vision 5 is added to read as follows:
     4    4.  Whenever the license of a real estate broker or real estate sales-
     5  person is revoked by the department, such real  estate  broker  or  real
     6  estate salesperson shall be ineligible to be relicensed either as a real
     7  estate broker or real estate salesperson until after the expiration of a
     8  period of [one year] three years from the date of such revocation.
     9    5.  If  the license of a real estate broker or real estate salesperson
    10  is suspended or revoked pursuant to the provisions of this section, such
    11  suspension or revocation shall be added to the information pertaining to
    12  such real estate broker or real estate  salesperson  set  forth  in  the
    13  listing of active real estate salespersons and brokers maintained by the
    14  department  of  state  on the online Open Data Website (data.ny.gov) and
    15  made available to the public.
    16    § 2. This act shall take effect on the first of January next  succeed-
    17  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