|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Dec 28, 2020||committed to rules|
|Jan 21, 2020||advanced to third reading|
|Jan 15, 2020||2nd report cal.|
|Jan 14, 2020||1st report cal.148|
|Jan 08, 2020||referred to judiciary|
|May 13, 2019||referred to judiciary|
senate Bill S5710
Archive: Last Bill Status - In Senate Committee Rules Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S5710 (ACTIVE) - Details
S5710 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5710 SPONSOR: HOYLMAN TITLE OF BILL: An act to amend the real property law, in relation to requiring the secretary of state to promulgate rules or regulations requiring real estate salespersons and brokers to legibly write their name and license number on certain documents PURPOSE OR GENERAL IDEA OF BILL: The purpose, of the bill is to require real estate salespersons, agents or brokers to include their license number in order to clearly identify who they are. SUMMARY OF SPECIFIC PROVISIONS: Amends section subdivision 1 of section 442-k of the real property law, to include that real estate salespersons must include their license number along with their signature on every document they are required to sign as their duty as a real estate salesperson.
S5710 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5710 2019-2020 Regular Sessions I N S E N A T E May 13, 2019 ___________ Introduced by Sen. HOYLMAN -- 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 requiring the secretary of state to promulgate rules or regulations requiring real estate salespersons and brokers to legibly write their name and license number on certain documents THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 442-k of the real property law, as added by chapter 248 of the laws of 1995, is amended to read as follows: 1. (A) The state real estate board shall have the power to promulgate rules or regulations affecting brokers and sales persons in order to administer and effectuate the purposes of this article, except that matters pertaining to commingling money of a principal, rendering accounts for a client, managing property for a client, broker's purchase of property listed with him or her, inducing breach of contract of sale or lease, and records of transactions to be maintained are reserved for the exclusive regulatory authority of the secretary of state. (B) The secretary of state, and not the state real estate board shall promulgate rules and regulations to administer or implement the provisions of sections four hundred forty-one and four hundred forty- two-h of this article. [In addition, the] (C) THE secretary of state shall have exclusive regulatory authority to promulgate rules regarding the duties and responsibilities of real estate brokers and salespersons with regard to the handling of clients' funds. (D) THE SECRETARY OF STATE SHALL PROMULGATE RULES OR REGULATIONS REQUIRING THAT IN EVERY REAL ESTATE TRANSACTION, ANY DOCUMENT WHICH REQUIRES THE SIGNATURE OF A REAL ESTATE SALESPERSON AND/OR REAL ESTATE BROKER SHALL ALSO REQUIRE SUCH SALESPERSON OR BROKER TO LEGIBLY WRITE HIS OR HER NAME AND LICENSE NUMBER ON THE DOCUMENT ALONG WITH THE SIGNA- TURE. § 2. This act shall take effect immediately.
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