Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 09, 2016 |
referred to judiciary delivered to assembly passed senate ordered to third reading cal.1606 committee discharged and committed to rules |
Jan 06, 2016 |
referred to judiciary |
May 07, 2015 |
print number 3318a |
May 07, 2015 |
amend (t) and recommit to judiciary |
Feb 05, 2015 |
referred to judiciary |
Senate Bill S3318A
2015-2016 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - In Assembly Committee
- 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
Actions
Votes
Bill Amendments
2015-S3318 - Details
2015-S3318 - Sponsor Memo
BILL NUMBER:S3318 TITLE OF BILL: An act to amend the real property law, in relation to defining real estate team and requiring the registration of real estate teams PURPOSE OR GENERAL IDEA OF BILL: To require registration of real estate "Team Names" by the supervising broker with the Department of State. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends Section 440 of the real property law to define "Team." Section 2. Amends Article 12-A of the real property law by adding a new section 440-C which will require duly licensed real estate brokers, associate brokers or salespersons desiring to act as a real estate "team" to have the real estate broker with whom they are associated, file with the NYS Department of State, an application for the registration of the team name. The section will also clarify that no additional powers are given to team members per the registration and supervision of the team remains the responsibility of the broker. Section 3. Effective date.
2015-S3318 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3318 2015-2016 Regular Sessions I N S E N A T E February 5, 2015 ___________ Introduced by Sen. LANZA -- 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 defining real estate team and requiring the registration of real estate teams THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 440 of the real property law is amended by adding a new subdivision 7 to read as follows: 7. "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE A REAL ESTATE BROKER, ASSOCIATE REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, WHO ARE ASSOCIATED WITH THE SAME REAL ESTATE BROKERAGE AND WHO REGISTER THEM- SELVES AS A TEAM PURSUANT TO THIS ARTICLE. S 2. The real property law is amended by adding a new section 440-c to read as follows: S 440-C. REAL ESTATE TEAMS; REGISTRATION. 1. ANY DULY LICENSED REAL ESTATE BROKER, ASSOCIATE BROKER OR SALESPERSON DESIRING TO ACT AS A REAL ESTATE TEAM SHALL HAVE THE REAL ESTATE BROKER WITH WHOM THEY ARE ASSOCI- ATED FILE, WITH THE DEPARTMENT OF STATE AT ITS OFFICE IN ALBANY, AN APPLICATION FOR THE REGISTRATION OF THE TEAM NAME. SUCH APPLICATION SHALL BE IN SUCH FORM AND DETAIL AS SUCH DEPARTMENT SHALL PRESCRIBE INCLUDING: (A) THE FULL TEAM NAME AND ADDRESS OF THE OFFICE WHERE THE TEAM WILL OPERATE; AND (B) THE NAME OR NAMES AND LICENSE NUMBER OR NUMBERS OF THE LICENSED INDIVIDUAL OR INDIVIDUALS COMPRISING THE TEAM NAME. 2. TEAM NAMES SHALL EITHER: (A) INCLUDE THE FULL LICENSED NAME OF AT LEAST ONE OF THE REAL ESTATE BROKER OR BROKERS, ASSOCIATE BROKER OR BROKERS OR REAL ESTATE SALESPER- SON OR SALESPERSONS THAT ARE PART OF SUCH TEAM; OR (B) IF SUCH A NAME IS NOT INCLUDED, THE TEAM NAME SHALL BE IMMEDIATELY FOLLOWED BY "AT/OF (FULL NAME OF REAL ESTATE BROKER/BROKERAGE)". EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01775-01-5
co-Sponsors
(D) Senate District
(R, C) Senate District
(D) Senate District
2015-S3318A (ACTIVE) - Details
2015-S3318A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3318A TITLE OF BILL: An act to amend the real property law, in relation to defining real estate team PURPOSE OR GENERAL IDEA OF BILL: To amend the real property law to define what constitutes a real estate "Team." SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends Section 440 of the real property law to define real estate "Team." Section 2. Effective date. JUSTIFICATION: "Teams" have become a popular form of practice among real estate professionals in recent years. Teams offer a new form of customer service and are a consumer-friendly, positive development in the real estate profession. Teams have been recognized by the New York State Department of State via regulation, but a formal statutory definition
2015-S3318A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3318--A 2015-2016 Regular Sessions I N S E N A T E February 5, 2015 ___________ Introduced by Sen. LANZA -- 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 defining real estate team THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 440 of the real property law is amended by adding a new subdivision 7 to read as follows: 7. "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE AN ASSOCIATE REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, ASSOCIATED WITH THE SAME REAL ESTATE BROKERAGE WHO HOLD THEMSELVES OUT OR OPERATE AS A TEAM. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01775-02-5
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