Bill > A07682

This bill amends the New York Real Property Law to provide a clear definition and licensing framework for apartment information vendors, which are defined as businesses or individuals who charge customers a fee for providing information about available rental properties. The bill repeals the existing Article 12-C of the real property law and adds a new definition to section 440, specifically defining "apartment information vendors" as those who provide rental property location and availability information for a fee. This definition also includes "apartment sharing agents" who arrange meetings between potential roommates, but excludes tenant relocation professionals. The bill requires apartment information vendors to be licensed as real estate brokers and provides a transition period for existing license holders, allowing them to continue operating under the new framework. Existing license holders will be governed by the requirements in Article 12-A of the real property law. The act will take effect 180 days after becoming law, with immediate authorization for the secretary of state and state real estate board to develop necessary implementation rules and regulations. The primary purpose appears to be bringing apartment information and sharing services under a more structured regulatory environment to protect consumers and ensure professional standards.

Justice

https://www.nysenate.gov/legislation/bills/2025/A7682