Bill > S03324

This bill amends the New York Real Property Law to require real estate brokers and salespersons to complete one additional hour of continuing education training specifically focused on VA Home Loans when renewing their professional license. Currently, real estate professionals must complete 22.5 hours of continuing education every two years, which already includes training on topics like cultural competency, fair housing, and ethical practices. The new requirement mandates that one of those hours must now cover VA Home Loans, which are defined by federal law as loans provided under Title 38 of the United States Code. By adding this specific training, the bill aims to ensure that real estate professionals have a better understanding of VA Home Loans, which are special mortgage loans available to veterans, active-duty service members, and certain eligible surviving spouses. The training requirement will help real estate professionals better assist veterans and military personnel in navigating home purchases using these specialized loan programs. The bill will take effect immediately upon passage.

Justice

https://www.nysenate.gov/legislation/bills/2025/S3324