Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 08, 2021 | referred to judiciary delivered to assembly passed senate |
Feb 03, 2021 | amended on third reading (t) 2525a |
Feb 02, 2021 | ordered to third reading cal.233 |
Feb 01, 2021 | reported and committed to rules |
Jan 21, 2021 | referred to judiciary |
senate Bill S2525A
Sponsored By
Brian Kavanagh
(D) 26th Senate District
Current Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Votes
Bill Amendments
Co-Sponsors
Anna M. Kaplan
(D, IP, WF) 7th Senate District
S2525 - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Real Property Law
- Laws Affected:
- Add §442-m, RP L
S2525 - Summary
Requires real estate brokers and salepersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salepersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
S2525 - Sponsor Memo
BILL NUMBER: S2525 SPONSOR: KAVANAGH TITLE OF BILL: An act to amend the real property law, in relation to requiring the secretary of state to require that real estate brokers compile and disclose certain demographic information PURPOSE: Requires the Secretary of State to collect from real estate brokers the demographic data of their clients. SUMMARY OF PROVISIONS: Sec. 1 amends amends real property law by adding a new section 442-m. This section requires real estate brokers to compile demographic infor- mation about each of their clients and the ultimate dispositions of their clients interactions on a yearly basis and provide this informa- tion to the Secretary of State. The Secretary of State shall maintain a
S2525 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2525 2021-2022 Regular Sessions I N S E N A T E January 21, 2021 ___________ Introduced by Sen. KAVANAGH -- 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 require that real estate brokers compile and disclose certain demographic information THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 442-m to read as follows: § 442-M. COLLECTION AND DISCLOSURE OF INFORMATION. 1. THE SECRETARY OF STATE SHALL ADOPT SUCH RULES AND REGULATIONS AS THE SECRETARY OF STATE MAY DETERMINE ARE NECESSARY FOR THE ADMINISTRATION AND ENFORCEMENT OF THIS SECTION. 2. (A) EVERY REAL ESTATE BROKER ENGAGED IN THE REAL ESTATE BUSINESS IN THIS STATE SHALL COMPILE AND MAKE AVAILABLE, IN ACCORDANCE WITH THE REGULATIONS OF THE SECRETARY OF STATE, DEMOGRAPHIC INFORMATION FROM SUCH BROKER'S CLIENTS INCLUDING, BUT NOT LIMITED TO: (I) THE RACE, ETHNICITY AND GENDER OF EACH SUCH CLIENT, AND SUCH OTHER DEMOGRAPHIC INFORMATION AS THE SECRETARY OF STATE MAY DETERMINE IS NECESSARY; AND (II) EVERY REAL ESTATE TRANSACTION ENGAGED IN BY SUCH BROKER IN THIS STATE, INCLUDING PROPERTIES LISTED, PROPERTIES SHOWN, THE LOCATION OF SUCH PROPERTIES, AND THE DISPOSITION OF EVERY OFFER RECEIVED BY SUCH BROKER WITH RESPECT TO A TRANSACTION, INCLUDING WHETHER THE OFFER WAS ACCEPTED OR REJECTED AND WHETHER A CLOSING OCCURRED. (B) ALL INFORMATION COMPILED UNDER THIS SUBDIVISION SHALL BE SUBMITTED NOT LESS THAN ANNUALLY TO THE SECRETARY OF STATE IN ACCORDANCE WITH THE RULES AND REGULATIONS ADOPTED PURSUANT TO SUBDIVISION ONE OF THIS SECTION. 3. THE SECRETARY OF STATE SHALL ESTABLISH AND MAINTAIN A DATABASE OF ALL INFORMATION SUBMITTED PURSUANT TO SUBDIVISION TWO OF THIS SECTION AND SHALL MAKE SUCH DATA AVAILABLE TO THE GOVERNOR, THE TEMPORARY PRESI- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
Alessandra Biaggi
(D, WF) 34th Senate District
James Gaughran
(D) 5th Senate District
Anna M. Kaplan
(D, IP, WF) 7th Senate District
S2525A (ACTIVE) - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Real Property Law
- Laws Affected:
- Add §442-m, RP L
S2525A (ACTIVE) - Summary
Requires real estate brokers and salepersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salepersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
S2525A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2525A SPONSOR: KAVANAGH TITLE OF BILL: An act to amend the real property law, in relation to requiring the secretary of state to require that real estate brokers and salespersons compile and disclose certain demographic information PURPOSE: Requires the Secretary of State to collect from real estate brokers and salespersons the demographic data of their clients. Requires the Secretary of State to maintain a database of and issue an annual report of this information. SUMMARY OF PROVISIONS: Sec. 1 amends amends real property law by adding a new section 442-m. This section requires real estate brokers to compile demographic infor-
S2525A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2525--A Cal. No. 233 2021-2022 Regular Sessions I N S E N A T E January 21, 2021 ___________ Introduced by Sens. KAVANAGH, KAPLAN -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary -- reported favorably from said committee and committed to the Committee on Rules -- ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the real property law, in relation to requiring the secretary of state to require that real estate brokers and salesper- sons compile and disclose certain demographic information THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 442-m to read as follows: § 442-M. COLLECTION AND DISCLOSURE OF DEMOGRAPHIC INFORMATION. 1. (A) EVERY REAL ESTATE BROKER OR SALESPERSON LICENSED IN THIS STATE SHALL REQUEST, IN A MANNER CONSISTENT WITH ANY REGULATIONS ADOPTED BY THE SECRETARY OF STATE, THE VOLUNTARILY DISCLOSURE OF DEMOGRAPHIC INFORMA- TION FROM EACH CLIENT OF SUCH BROKER OR SALESPERSON WHO IS A PROSPECTIVE HOME PURCHASER, INCLUDING THE FULL NAME, RACE, ETHNICITY AND GENDER OF EACH SUCH CLIENT, AND OTHER DEMOGRAPHIC INFORMATION AS THE SECRETARY OF STATE MAY DETERMINE IS NECESSARY, AND SHALL RECORD AND RETAIN SUCH INFORMATION FOR A PERIOD OF TWO YEARS; PROVIDED THAT THE CLIENT'S PRODUCTION OF OR REFUSAL TO PRODUCE SUCH INFORMATION SHALL NOT AFFECT THE PROVISION OF SERVICES TO THE CLIENT. (B) FOR EACH SUCH CLIENT, SUCH BROKER OR SALESPERSON SHALL RECORD THE RESULTS OF THE SERVICES PROVIDED BY SUCH BROKER OR SALESPERSON IN THIS STATE, INCLUDING PROPERTIES LISTED, PROPERTIES SHOWN, THE LOCATION OF SUCH PROPERTIES, AND THE DISPOSITION OF EVERY OFFER RECEIVED BY SUCH BROKER WITH RESPECT TO A TRANSACTION, INCLUDING WHETHER THE OFFER WAS ACCEPTED OR REJECTED AND WHETHER A CLOSING OCCURRED, AND SHALL RETAIN SUCH INFORMATION FOR A PERIOD OF TWO YEARS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.