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Assembly Bill A4950

2015-2016 Legislative Session

Provides that an order to cease and desist real property solicitations shall apply to all property owners except those owners who opt out of such order

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Archive: Last Bill Status - In Assembly Committee

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2015-A4950 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd ยง442-h, RP L
Versions Introduced in Other Legislative Sessions:
2009-2010: A6229
2011-2012: A6626
2013-2014: A4460
2017-2018: A5730

2015-A4950 (ACTIVE) - Summary

Provides that orders to cease and desist real property solicitations shall apply to all owners of property located within the geographical area defined in such order; provides that only those property owners who opt out of such order may be solicited by real estate brokers and salespersons.

2015-A4950 (ACTIVE) - Bill Text download pdf

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

                                  4950

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 9, 2015
                               ___________

Introduced  by  M.  of A. CURRAN, FINCH -- read once and referred to the
  Committee on Judiciary

AN ACT to amend the real property law, in relation to  orders  to  cease
  and desist real property solicitations

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

  Section 1. Subdivision 3 of section 442-h of the real property law, as
amended by chapter 505 of the laws  of  2001,  is  amended  to  read  as
follows:
  3.  (a) If the secretary of state determines that some owners of resi-
dential real property within a defined geographic area  are  subject  to
intense  and  repeated solicitation by real estate brokers and salesper-
sons to place their property for sale with such real estate  brokers  or
salespersons,  or  are  subject  to intense and repeated solicitation by
other persons regularly engaged in the trade or business of  buying  and
selling  real  estate  to sell their real estate, the secretary of state
may adopt a rule establishing a cease and desist zone, which zone  shall
be  bounded  or  otherwise  specifically  defined in the rule. After the
secretary of state has established a cease and desist zone,  the  owners
of residential real property located within the zone may file an owner's
statement  with  the  secretary  of state expressing their wish [not] to
CONTINUE TO be solicited by real estate brokers, salespersons  or  other
persons regularly engaged in the trade or business of buying and selling
real  estate AND TO OPT OUT OF THE CEASE AND DESIST ORDER.  The form and
content of the statement shall be prescribed by the secretary of  state.
After  a  cease and desist zone has been established by the secretary of
state, [no] A real estate broker, salesperson or other person  regularly
engaged  in  the  trade  or  business  of buying and selling real estate
[shall] MAY solicit a listing ONLY from any owner who has filed a state-
ment with the secretary of state if such owner's  name  appears  on  the
current  cease  and  desist  OPT  OUT  list prepared by the secretary of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08053-01-5
              

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