assembly Bill A6355

Signed By Governor
2021-2022 Legislative Session

Relates to associate real estate brokers serving as real estate office managers

download bill text pdf

Sponsored By

Current Bill Status Via S2157 - Signed by Governor


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

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Actions

view actions (12)
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
Jun 03, 2021 substituted by s2157a
Jun 02, 2021 ordered to third reading rules cal.346
rules report cal.346
reported
May 26, 2021 reported referred to rules
Mar 16, 2021 referred to judiciary

Votes

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Feb 2, 2021 - Judiciary committee Vote

S2157
12
1
committee
12
Aye
1
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 2, 2021

nay (1)
aye wr (2)

Feb 2, 2021 - Rules committee Vote

S2157
15
1
committee
15
Aye
1
Nay
5
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Co-Sponsors

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A6355 (ACTIVE) - Details

See Senate Version of this Bill:
S2157
Law Section:
Real Property Law
Laws Affected:
Amd §440, RP L

A6355 (ACTIVE) - Summary

Requires associate real estate brokers serving as real estate office managers to exercise supervision over other associate brokers and real estate salesmen.

A6355 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6355
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 16, 2021
                                ___________
 
 Introduced  by M. of A. SOLAGES -- read once and referred to the Commit-
   tee 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  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.
                                                            LBD08443-03-1