S T A T E O F N E W Y O R K
________________________________________________________________________
7325
2023-2024 Regular Sessions
I N A S S E M B L Y
May 17, 2023
___________
Introduced by M. of A. JEAN-PIERRE -- read once and referred to the
Committee on Judiciary
AN ACT to amend the real property law, in relation to requiring VA home
loan training in the required training for real estate brokers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (a) of subdivision 3 of section 441 of the real
property law, as separately amended by chapters 686 and 688 of the laws
of 2021, is amended to read as follows:
(a) No renewal license shall be issued any licensee under this article
for any license period commencing November first, nineteen hundred nine-
ty-five unless such licensee shall have within the two year period imme-
diately preceding such renewal attended at least twenty-two and one-half
hours which shall include at least two hours of cultural competency
training, at least three hours of instruction pertaining to fair housing
and/or discrimination in the sale or rental of real property or an
interest in real property, at least two hours of instruction pertaining
to implicit bias awareness and understanding, AT LEAST ONE HOUR OF
INSTRUCTION PERTAINING TO A VA HOME LOAN, at least two and one-half
hours of instruction pertaining to ethical business practices, at least
one hour of instruction pertaining to recent legal matters governing the
practice of real estate brokers and salespersons in New York which may
include statutes, laws, regulations, rules, codes, department of state
opinions and decisions, and court decisions and at least one hour of
instruction pertaining to the law of agency except in the case of the
initial two-year licensing term for real estate salespersons, two hours
of agency related instruction must be completed, and successfully
completed a continuing education real estate course or courses approved
by the secretary of state as to method, content and supervision, which
approval may be withdrawn if in the opinion of the secretary of state
such course or courses are not being conducted properly as to method,
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10864-01-3
A. 7325 2
content and supervision. For those individuals licensed pursuant to
subdivision six of section four hundred forty-two-g of this article, in
the individual's initial license term, at least eleven hours of the
required twenty-two and one-half hours of continuing education shall be
completed during the first year of the term. Of those eleven hours,
three hours shall pertain to applicable New York state statutes and
regulations governing the practice of real estate brokers and salesper-
sons. To establish compliance with the continuing education requirements
imposed by this section, licensees shall provide an affidavit, in a form
acceptable to the department of state, establishing the nature of the
continuing education acquired and shall provide such further proof as
required by the department of state. For purposes of this subdivision,
"implicit bias" shall mean the attitudes or stereotypes that affect an
individual's understanding, actions and decisions in an unconscious
manner AND "VA HOME LOAN" SHALL MEAN ANY LOAN DEFINED PURSUANT TO 38
USCA § 3710.
§ 2. This act shall take effect immediately.