Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 21, 2021 |
approval memo.80 signed chap.696 |
Dec 10, 2021 |
delivered to governor |
Jun 07, 2021 |
returned to senate passed assembly ordered to third reading rules cal.447 substituted for a6186 |
Jun 07, 2021 |
substituted by s2131a rules report cal.447 reported |
Jun 02, 2021 |
reported referred to rules |
May 26, 2021 |
reported referred to codes |
Mar 10, 2021 |
referred to judiciary |
Assembly Bill A6186
Signed By Governor2021-2022 Legislative Session
Sponsored By
GRIFFIN
Archive: Last Bill Status Via S2131 - Signed by Governor
- 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
co-Sponsors
Fred Thiele
Jeffrion Aubry
Sandy Galef
Chantel Jackson
2021-A6186 (ACTIVE) - Details
2021-A6186 (ACTIVE) - Summary
Relates to requiring the secretary of state to promulgate regulations requiring real estate brokers to institute standardized operating procedures for the prerequisites prospective homebuyers shall meet prior to receiving any services; allows for a penalty to be imposed on any broker or salesperson who fails to comply with such standardized operating procedures.
2021-A6186 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6186 2021-2022 Regular Sessions I N A S S E M B L Y March 10, 2021 ___________ Introduced by M. of A. GRIFFIN, THIELE, AUBRY, GALEF, JACKSON, SILLITTI, HUNTER, ENGLEBRIGHT -- read once and referred to the Committee on Judiciary AN ACT to amend the real property law, in relation to requiring the secretary of state to promulgate regulations requiring real estate brokers to institute standardized operating procedures for the prereq- uisites prospective homebuyers shall meet prior to receiving any services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 442-h of the real property law is amended by adding a new subdivision 4 to read as follows: 4. (A) THE SECRETARY OF STATE, UPON NOTICE AND A PUBLIC HEARING, SHALL PROMULGATE RULES AND REGULATIONS REQUIRING REAL ESTATE BROKERS TO INSTI- TUTE STANDARDIZED OPERATING PROCEDURES FOR THE PREREQUISITES PROSPECTIVE HOMEBUYERS MUST MEET PRIOR TO RECEIVING ANY SERVICES. SUCH RULES AND REGULATIONS SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: (I) WHETHER PROSPECTIVE CLIENTS SHALL SHOW IDENTIFICATION; (II) WHETHER AN EXCLUSIVE BROKER AGREEMENT IS REQUIRED; AND (III) WHETHER PRE-APPROVAL FOR A MORTGAGE LOAN IS REQUIRED. (B) REAL ESTATE BROKERS SHALL SUBMIT SUCH STANDARDIZED OPERATING PROCEDURES TO THE DEPARTMENT OF STATE AND THE DEPARTMENT OF STATE SHALL MAINTAIN A FILE OF SUCH STANDARDIZED OPERATING PROCEDURES WHILE THE BROKER'S LICENSE IS ACTIVE AND FOR AT LEAST FIVE YEARS THEREAFTER. IF ANY ALTERATIONS ARE MADE TO THE STANDARDIZED OPERATING PROCEDURES SUBSE- QUENT TO SUCH SUBMISSION, REAL ESTATE BROKERS SHALL NOTIFY AND SUBMIT SUCH NEW STANDARD OPERATING PROCEDURES WITHIN THIRTY DAYS. ANY SALES- PERSON OPERATING UNDER A BROKERAGE LICENSE THAT FAILS TO ADHERE TO SUCH OPERATING PROCEDURES SHALL BE SUBJECT TO THE PENALTIES IMPOSED BY SECTION FOUR HUNDRED FORTY-ONE-C OF THIS ARTICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06380-03-1
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