Bill
Bill > S05197
NY S05197
NY S05197Increases the period of supervision to five years for real estate brokers applying for a license.
summary
Introduced
02/27/2023
02/27/2023
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 increasing the period of supervision required for certain real estate license applications
AI Summary
This bill amends the Real Property Law to increase the period of supervision required for real estate brokers applying for a license from two years to five consecutive years. The bill also requires real estate broker applicants to complete a class on cultural competency training as part of their educational requirements. The bill aims to ensure that real estate brokers have adequate experience and cultural awareness to safeguard the interests of the public in their real estate transactions.
Committee Categories
Justice
Sponsors (3)
Last Action
REFERRED TO JUDICIARY (on 01/03/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Other Commerce
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S5197 | 02/27/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05197&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05197 | 02/27/2023 |
Loading...