Bill > A05164

This bill amends the New York Real Property Law to explicitly codify and clarify the duty of real estate brokers to supervise their salespersons and associate brokers. The bill requires brokers to provide regular, frequent, and consistent personal guidance, instruction, and oversight, with specific factors determining what constitutes "reasonable and adequate supervision." These factors include the broker's availability to review and approve documents, the physical distance between the broker's main location and branch offices, and the broker's ability to educate salespersons about federal and state laws governing real estate transactions, particularly anti-discrimination regulations. The bill also modifies the conditions under which a broker's license can be revoked or suspended due to a salesperson's violations, now stipulating that the broker can be held responsible if they had actual knowledge of the violation or failed to exercise reasonable supervision. Additionally, the bill maintains that brokers are criminally liable if they employ a salesperson without the required licensing, reinforcing the importance of proper oversight and compliance in real estate professional relationships.

Justice

https://www.nysenate.gov/legislation/bills/2025/A5164