Bill
Bill > S00411
NY S00411
NY S00411Codifies the duty of real estate brokers to supervise salespersons and associate brokers through regular, frequent and consistent personal guidance, instruction and oversight; lists elements of supervision including the ability to familiarize salespersons with state and federal laws against discrimination.
summary
Introduced
01/04/2023
01/04/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the real property law, in relation to the duty of a licensed real estate broker to supervise real estate salespersons
AI Summary
This bill amends the New York Real Property Law to codify the duty of licensed real estate brokers to supervise real estate salespersons and associate brokers through regular, frequent, and consistent personal guidance, instruction, and oversight. The bill outlines key elements of reasonable and adequate supervision, including the broker's availability to review and approve documents, the proximity of branch offices to the main location, and the broker's ability to familiarize salespersons and associate brokers with state and federal laws against discrimination. The bill also clarifies that a broker may be held responsible for violations by their salespersons or associate brokers if the broker failed to exercise reasonable and adequate supervision.
Committee Categories
Justice
Sponsors (2)
Last Action
REFERRED TO JUDICIARY (on 01/03/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S411 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00411&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00411 |
Loading...