Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 21, 2021 |
signed chap.699 |
Dec 10, 2021 |
delivered to governor |
Jun 09, 2021 |
returned to senate passed assembly |
Jun 03, 2021 |
ordered to third reading rules cal.346 substituted for a6355 |
Feb 08, 2021 |
referred to judiciary delivered to assembly passed senate |
Feb 03, 2021 |
amended on third reading 2157a |
Feb 02, 2021 |
ordered to third reading cal.232 |
Feb 01, 2021 |
reported and committed to rules |
Jan 20, 2021 |
referred to judiciary |
Senate Bill S2157
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D) 6th 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, IP, WF) Senate District
(D) 27th Senate District
2021-S2157 - Details
- Law Section:
- Real Property Law
- Laws Affected:
- Amd §440, RP L
- Versions Introduced in 2021-2022 Legislative Session:
-
S2157
2021-S2157 - Sponsor Memo
BILL NUMBER: S2157 SPONSOR: THOMAS TITLE OF BILL: An act to amend the real property law, in relation to associate real estate brokers acting as office managers PURPOSE OR GENERAL IDEA OF BILL: To mandate that licensed associate brokers, operating as office manag- ers, have the same statutory obligations of oversight placed on brokers at their definite place of business. SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill amends the definition of office manager in subdivision 6 of section 440 of the real property law. An office manager must have been active in the real estate industry for two of the four years preceding their appointment as an office manager. An office manag- er is required to supervise salesmen and associate brokers.
2021-S2157 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2157 2021-2022 Regular Sessions I N S E N A T E January 20, 2021 ___________ Introduced by Sen. THOMAS -- 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 associate real estate brokers acting as office managers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 6 of section 440 of the real property law, as added by chapter 183 of the laws of 2006, is amended to read as follows: 6. "Office manager" means a licensed associate real estate broker who shall by choice elect to work as an office manager under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, limited liability company or corporation. AN ASSOCIATE REAL ESTATE BROKER SHALL BE REQUIRED TO HAVE BEEN ACTIVE AS A LICENSED ASSOCIATE BROKER FOR AT LEAST TWO OF THE FOUR YEARS PRECEDING APPOINTMENT AS AN OFFICE MANAGER. Such individual shall retain his or her license as a real estate broker as provided for in this article[; provided, however, that the practice of real estate sales and brokerage by such individual as an associate broker shall be governed exclusively by the provisions of this article as they pertain to real estate salesmen] AND SHALL BE REQUIRED TO EXERCISE THE SAME DUTY OF SUPERVISION OVER SALESMEN AND ASSOCIATE BROKERS AS A LICENSED REAL ESTATE BROKER. Nothing contained in this subdivision shall preclude an individual who is licensed as an associate broker who elects to work as an office manager from also retaining a separate real estate broker's license under an individual, partnership, trade name, limited liability company or corporation. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08443-01-1
co-Sponsors
(D, WF) Senate District
(D) Senate District
(D, IP, WF) Senate District
(D) 27th Senate District
2021-S2157A (ACTIVE) - Details
- Law Section:
- Real Property Law
- Laws Affected:
- Amd §440, RP L
- Versions Introduced in 2021-2022 Legislative Session:
-
S2157
2021-S2157A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2157A SPONSOR: THOMAS TITLE OF BILL: An act to amend the real property law, in relation to associate real estate brokers acting as office managers PURPOSE OR GENERAL IDEA OF BILL: To mandate that licensed associate brokers, operating as office manag- ers, have the same statutory obligations of oversight placed on brokers at their definite place of business. SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill amends the definition of office manager in subdivision 6 of section 440 of the real property law. An office manager must have been active in the real estate industry for two of the four years preceding their appointment as an office manager. An office manag- er is required to supervise salesmen and associate brokers.
2021-S2157A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2157--A Cal. No. 232 2021-2022 Regular Sessions I N S E N A T E January 20, 2021 ___________ Introduced by Sens. THOMAS, KAPLAN, KAVANAGH -- 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 associate real estate brokers acting as office managers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 6 of section 440 of the real property law, as added by chapter 183 of the laws of 2006, is amended to read as follows: 6. "Office manager" means a licensed associate real estate broker who shall by choice elect to work as an office manager under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, limited liability company or corporation. AN ASSOCIATE REAL ESTATE BROKER SHALL BE REQUIRED TO HAVE BEEN ACTIVE AS A LICENSED ASSOCIATE BROKER FOR AT LEAST TWO OF THE FOUR YEARS PRECEDING APPOINTMENT AS AN OFFICE MANAGER. Such individual shall retain his or her license as a real estate broker as provided for in this article AND SHALL BE REQUIRED TO EXERCISE THE SAME DUTY OF SUPER- VISION OVER SALESMEN AND ASSOCIATE BROKERS AS A LICENSED REAL ESTATE BROKER; provided, however, that the practice of real estate sales and brokerage by such individual as an associate broker shall be governed exclusively by the provisions of this article as they pertain to real estate salesmen. Nothing contained in this subdivision shall preclude an individual who is licensed as an associate broker who elects to work as an office manager from also retaining a separate real estate broker's license under an individual, partnership, trade name, limited liability company or corporation. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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