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.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A5169
SPONSOR: Solages TITLE OF BILL:
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
SUMMARY:
Section 1. Amends subdivision 4 of section 441-c of the real property
law, as amended by chapter 529 of the laws of 2022, by adding a new
subdivision 5.
Section 2. Sets the effective date.
JUSTIFICATION:
Recent news reports have highlighted our lenient laws regarding real
estate agent license revocation (1). In one case, a real estate agent
who has their license revoked was unlawfully granted a new license by
NYS.
Currently, if an agent has their license revoked for violating fair
housing laws, for example, they can simply reapply and receive their
license again after just 1 year. This revocation length is shorter than
many other states and is not substantial enough to deter bad acts by
real estate agents.
This bill will increase the length of time before an agent can reapply
for a license to 3 years. It will also add an agent's disciplinary
history to the data.ny.gov website for the public to see.
RACIAL JUSTICE IMPACT:
Across our state, real estate agents lose their licenses for violating
our fair housing laws. A 2019 expose by Newsday shed light on widespread
discrimination by real estate agents on Long Island
2.
GENDER JUSTICE IMPACT:
TBD.
LEGISLATIVE HISTORY:
2023-24: A10656; referred to judiciary.
FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
This act shall take effect on the first of January next succeeding the
date upon which it shall have become a law.
(1)https://youtu.be/GO9M-_,nYHic?si=jrYV60k8THtF62c9 (2)https://proiects
.newsd ay. com/1 ong-island/rea 1-estate-agents- investigaation/ open-
paywall-inessa ge.
STATE OF NEW YORK
________________________________________________________________________
5169
2025-2026 Regular Sessions
IN ASSEMBLY
February 12, 2025
___________
Introduced by M. of A. SOLAGES -- read once and referred to the Commit-
tee on Judiciary
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
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 4 of section 441-c of the real property law, as
2 amended by chapter 529 of the laws of 2022, is amended and a new subdi-
3 vision 5 is added to read as follows:
4 4. Whenever the license of a real estate broker or real estate sales-
5 person is revoked by the department, such real estate broker or real
6 estate salesperson shall be ineligible to be relicensed either as a real
7 estate broker or real estate salesperson until after the expiration of a
8 period of [one year] three years from the date of such revocation.
9 5. If the license of a real estate broker or real estate salesperson
10 is suspended or revoked pursuant to the provisions of this section, such
11 suspension or revocation shall be added to the information pertaining to
12 such real estate broker or real estate salesperson set forth in the
13 listing of active real estate salespersons and brokers maintained by the
14 department of state on the online Open Data Website (data.ny.gov) and
15 made available to the public.
16 § 2. This act shall take effect on the first of January next succeed-
17 ing the date upon which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09225-01-5
