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Senate Bill S6988A

Signed By Governor

2011-2012 Legislative Session

Relates to the expiration of real estate licenses and service of a real estate salesman with a broker

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Sponsored By

Archive: Last Bill Status - Signed by Governor

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Bill Amendments

co-Sponsors

2011-S6988 - Details

See Assembly Version of this Bill:
A9996
Law Section:
Real Property Law
Laws Affected:
Amd §441-a, RP L

2011-S6988 - Summary

Relates to the expiration of real estate licenses and service of a real estate salesman with a broker.

2011-S6988 - Sponsor Memo

2011-S6988 - Bill Text download pdf 

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

                                  6988

                            I N  S E N A T E

                             April 19, 2012
                               ___________

Introduced  by  Sens.  O'MARA, LIBOUS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Judiciary

AN ACT to amend the real  property  law,  in  relation  to  real  estate
  license terms and service with a real estate broker

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

  Section 1. Subdivisions 2 and 11 of section 441-a of the real property
law, subdivision 2 as amended by chapter 324 of the  laws  of  1998  and
subdivision  11  as added by chapter 61 of the laws of 1989, are amended
to read as follows:
  2. Terms. A license issued or reissued under the  provisions  of  this
article  shall  entitle  the  person,  co-partnership, limited liability
company or corporation to act as a real estate broker, or, if the appli-
cation is for a real estate salesman's license, to act as a real  estate
salesman  in  this  state  up  to and including the [thirty-first day of
October of the year] DATE in which the license by its terms expires.
  11. If a real estate salesperson shall leave the  service  of  a  real
estate  broker, the real estate broker shall file a termination of asso-
ciation notice on such form as secretary may  designate.  [The  fee  for
terminating  the  record  of  association  shall  be  ten  dollars.] The
salesperson's license may be endorsed to a new  sponsoring  broker  upon
the  establishment of a new record of association filed with the depart-
ment of state. The fee for filing a record of association shall be [ten]
TWENTY dollars.
  S 2. This act shall take effect on the thirtieth day  after  it  shall
have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15154-01-2

co-Sponsors

2011-S6988A (ACTIVE) - Details

See Assembly Version of this Bill:
A9996
Law Section:
Real Property Law
Laws Affected:
Amd §441-a, RP L

2011-S6988A (ACTIVE) - Summary

Relates to the expiration of real estate licenses and service of a real estate salesman with a broker.

2011-S6988A (ACTIVE) - Sponsor Memo

2011-S6988A (ACTIVE) - Bill Text download pdf 

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

                                 6988--A

                            I N  S E N A T E

                             April 19, 2012
                               ___________

Introduced  by  Sens.  O'MARA, LIBOUS -- read twice and ordered printed,
  and when printed to be committed to  the  Committee  on  Judiciary  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the real  property  law,  in  relation  to  real  estate
  license terms and service with a real estate broker

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

  Section 1. Subdivisions 2 and 11 of section 441-a of the real property
law, subdivision 2 as amended by chapter 324 of the  laws  of  1998  and
subdivision  11  as added by chapter 61 of the laws of 1989, are amended
to read as follows:
  2. Terms. A license issued or reissued under the  provisions  of  this
article  shall  entitle  the  person,  co-partnership, limited liability
company or corporation to act as a real estate broker, or, if the appli-
cation is for a real estate salesman's license, to act as a real  estate
salesman  in  this  state  up  to and including the [thirty-first day of
October of the year] DATE in which the license by its terms expires.
  11. If a real estate salesperson shall leave the  service  of  a  real
estate  broker, the real estate broker shall file a termination of asso-
ciation notice on such form as secretary may  designate.  [The  fee  for
terminating  the  record  of  association  shall  be  ten  dollars.] The
salesperson's license may be endorsed to a new  sponsoring  broker  upon
the  establishment of a new record of association filed with the depart-
ment of state. The fee for filing a record of association shall be [ten]
TWENTY dollars.
  S 2. This act shall take effect January 1, 2013.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15154-03-2

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