|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 05, 2022||referred to local government|
|Feb 05, 2021||referred to local government|
senate Bill S4503
Archive: Last Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4503 (ACTIVE) - Details
S4503 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4503 SPONSOR: LANZA TITLE OF BILL: An act to amend the real property law, in relation to defining real estate team PURPOSE OR GENERAL IDEA OF BILL: To amend the real property law to define what constitutes a real estate "Team." SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends Section 440 of the real property law to define real estate "Team." Section 2. Effective date.
S4503 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4503 2021-2022 Regular Sessions I N S E N A T E February 5, 2021 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property law, in relation to defining real estate team THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 440 of the real property law is amended by adding a new subdivision 7 to read as follows: 7. "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE AN ASSOCIATE REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, ASSOCIATED WITH THE SAME REAL ESTATE BROKERAGE WHO HOLD THEMSELVES OUT OR OPERATE AS A TEAM. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05909-01-1
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