senate Bill S395

2019-2020 Legislative Session

Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2019 committed to rules
Mar 06, 2019 advanced to third reading
Mar 05, 2019 2nd report cal.
Mar 04, 2019 1st report cal.202
Jan 09, 2019 referred to local government

Votes

view votes

Mar 4, 2019 - Local Government committee Vote

S395
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: Mar 4, 2019

S395 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Real Property Law
Laws Affected:
Amd §440, RP L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5508
2015-2016: S3318
2017-2018: S3537

S395 (ACTIVE) - Summary

Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team.

S395 (ACTIVE) - Sponsor Memo

S395 (ACTIVE) - Bill Text download pdf


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

                                   395

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

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.
  § 2.  This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03485-01-9

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