senate Bill S2525A

2021-2022 Legislative Session

Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (7)
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

Votes

view votes

Feb 2, 2021 - Judiciary committee Vote

S2525
12
3
committee
12
Aye
3
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Feb 2, 2021 - Rules committee Vote

S2525
16
3
committee
16
Aye
3
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Co-Sponsors

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

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

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

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.

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