Bill

Bill > A05169


NY A05169

Extends the revocation period for real estate brokers and real estate salespersons from one year to three years; includes the license revocation and suspension history of real estate brokers or real estate salespersons on the data.ny.gov website.


summary

Introduced
02/12/2025
In Committee
02/12/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property law, in relation to extending the revocation period for real estate brokers and real estate salespersons and to including the license revocation and suspension history of real estate brokers or real estate salespersons on the data.ny.gov website

AI Summary

This bill modifies the Real Property Law by extending the period during which a real estate broker or salesperson whose license has been revoked is ineligible for relicensing from one year to three years. Additionally, the bill requires that any license suspension or revocation be publicly disclosed on the New York State Open Data website (data.ny.gov), specifically on the department of state's listing of active real estate salespersons and brokers. This means that when a professional's license is suspended or revoked, that information will now be more transparently available to the public, potentially helping consumers make more informed decisions when choosing a real estate professional. The changes will take effect on the first day of January following the bill's passage into law, providing a clear timeline for implementation of these new requirements.

Committee Categories

Justice

Sponsors (1)

Last Action

referred to judiciary (on 02/12/2025)

bill text


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