Assembly Bill A2975

2009-2010 Legislative Session

Clarifies limits on the real estate brokers' jurisdiction and requirements for when such broker makes a sale in a county outside his or her county of residence

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A2975 (ACTIVE) - Details

Law Section:
Real Property Law
Laws Affected:
Add ยง442-m, RP L

2009-A2975 (ACTIVE) - Summary

Clarifies limits on the real estate brokers' jurisdiction and requirements for when such broker makes a sale in a county outside his or her county of residence.

2009-A2975 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2975

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2009
                               ___________

Introduced  by M. of A. BENJAMIN -- Multi-Sponsored by -- M. of A. WEIS-
  ENBERG -- read once and referred to the Committee on Judiciary

AN ACT to amend the real  property  law,  in  relation  to  real  estate
  brokers' sales in surrounding counties

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property law is amended by adding  a  new  section
442-m to read as follows:
  S 442-M. REAL ESTATE BROKERS' SALES IN SURROUNDING COUNTIES.  NOTWITH-
STANDING ANY PROVISIONS OF LAW TO THE CONTRARY, A REAL ESTATE BROKER MAY
NOT  CONDUCT A REAL ESTATE TRANSACTION IN A COUNTY OTHER THAN THE COUNTY
OF SUCH BROKER'S RESIDENCE, PRINCIPAL OFFICE OR  BRANCH  OFFICE,  UNLESS
SUCH  BROKER  WORKS  THROUGH  A  LOCAL REAL ESTATE BROKER AND SHARES THE
RESULTING FEES IN ACCORDANCE WITH EXISTING LAW, RULES AND REGULATIONS. A
LOCAL REAL ESTATE BROKER IS ONE WHOSE  RESIDENCE,  PRINCIPAL  OFFICE  OR
BRANCH OFFICE LIES WITHIN THE SAME COUNTY AS THE SUBJECT REAL ESTATE.
  A  VIOLATION  OF  THIS SECTION SHALL BE A VIOLATION UNDER SECTION FOUR
HUNDRED FORTY-TWO-E OF THIS ARTICLE AND SHALL CONSTITUTE A DECEPTIVE ACT
OR PRACTICE WITHIN THE MEANING OF SECTION THREE  HUNDRED  FORTY-NINE  OF
THE GENERAL BUSINESS LAW.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05765-01-9

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