senate Bill S2157A

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 - Passed Senate & Assembly


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
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

Votes

view votes

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

S2157 - Details

See Assembly Version of this Bill:
A6355
Law Section:
Real Property Law
Laws Affected:
Amd §440, RP L

S2157 - Summary

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

S2157 - Sponsor Memo

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

S2157A (ACTIVE) - Details

See Assembly Version of this Bill:
A6355
Law Section:
Real Property Law
Laws Affected:
Amd §440, RP L

S2157A (ACTIVE) - Summary

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

S2157A (ACTIVE) - Sponsor Memo

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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