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 |
Feb 08, 2021 |
referred to judiciary delivered to assembly passed senate |
Feb 02, 2021 |
ordered to third reading cal.229 print number 2131a |
Feb 02, 2021 |
amend and recommit to rules |
Feb 01, 2021 |
reported and committed to rules |
Jan 19, 2021 |
referred to judiciary |
Senate Bill S2131
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D) 42nd Senate District
Archive: Last Bill Status - 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
Bill Amendments
co-Sponsors
(D) 27th Senate District
(D) 6th Senate District
2021-S2131 - Details
- Law Section:
- Real Property Law
- Laws Affected:
- Amd §§442-h & 441-c, RP L
- Versions Introduced in 2021-2022 Legislative Session:
-
S2131
2021-S2131 - 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-S2131 - Sponsor Memo
BILL NUMBER: S2131 SPONSOR: SKOUFIS TITLE OF BILL: 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 prerequi- sites prospective homebuyers shall meet prior to receiving any services PURPOSE: This bill aims to eliminate the disparate treatment in real estate sales by requiring the standardization of operating procedures utilized by real estate agents. SUMMARY OF PROVISIONS: Section 1: amends section 442-h of the real property law by adding a new subdivision 4 directing the secretary of state to promulgate rules and regulations requiring real estate brokers to institute standardized
2021-S2131 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2131 2021-2022 Regular Sessions I N S E N A T E January 19, 2021 ___________ Introduced by Sen. SKOUFIS -- 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 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 SHALL PROMULGATE RULES AND REGULATIONS REQUIRING REAL ESTATE BROKERS TO INSTITUTE STANDARDIZED OPERATING PROCE- DURES 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 FOR APPROVAL. IF ANY ALTERATIONS ARE MADE SUBSEQUENT TO SUCH APPROVAL, REAL ESTATE BROKERS SHALL NOTIFY AND SUBMIT SUCH NEW STANDARD OPERATING PROCEDURES WITHIN THIRTY DAYS. ANY SALESPERSON OPERATING UNDER A BROKERAGE LICENSE THAT FAILS TO ADHERE TO SUCH APPROVED OPERATING PROCEDURES SHALL BE SUBJECT TO THE PENALTIES IMPOSED BY SECTION FOUR HUNDRED FORTY-ONE-C OF THIS ARTICLE. § 2. Paragraph (a) of subdivision 1 of section 441-c of the real prop- erty law, as amended by chapter 131 of the laws of 2020, is amended to read as follows: (a) The department of state may revoke the license of a real estate broker or salesman or suspend the same, for such period as the depart- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 27th Senate District
(D) 6th Senate District
(D, WF) Senate District
(D) Senate District
2021-S2131A (ACTIVE) - Details
- Law Section:
- Real Property Law
- Laws Affected:
- Amd §§442-h & 441-c, RP L
- Versions Introduced in 2021-2022 Legislative Session:
-
S2131
2021-S2131A (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-S2131A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2131A SPONSOR: SKOUFIS TITLE OF BILL: 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 prerequi- sites prospective homebuyers shall meet prior to receiving any services PURPOSE: This bill aims to eliminate the disparate treatment in real estate sales by requiring the standardization of operating procedures utilized by real estate agents. SUMMARY OF PROVISIONS: Section 1: amends section 442-h of the real property law by adding a new subdivision 4 directing the secretary of state, upon notice and a public hearing, to promulgate rules and regulations requiring real estate
2021-S2131A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2131--A 2021-2022 Regular Sessions I N S E N A T E January 19, 2021 ___________ Introduced by Sens. SKOUFIS, KAVANAGH, THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Judici- ary -- reported favorably from said committee and committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06380-02-1
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