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 approval may be withdrawn if in the opinion of the  secretary  of  state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.