Bill
Bill > A10386
NY A10386
NY A10386Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salespersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
summary
Introduced
05/21/2024
05/21/2024
In Committee
05/21/2024
05/21/2024
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 requiring the secretary of state to require that real estate brokers and salespersons compile and disclose certain demographic information
AI Summary
This bill requires real estate brokers and salespersons in New York to collect and disclose certain demographic information about their clients, including the client's full name, race, ethnicity, and gender. Brokers and salespersons must record and retain this information for two years, as well as details about the services provided to each client, such as properties listed and shown, offers received, and whether those offers were accepted or rejected. The bill requires brokers and salespersons to submit this information annually to the New York Department of State, which will establish and maintain a database of the data. The Department will then issue an annual report to government officials on the aggregate demographic data and service results, without disclosing individual client identities.
Committee Categories
Justice
Sponsors (1)
Last Action
referred to judiciary (on 05/21/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A10386 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10386&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10386 |
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