Assembly Bill A8120

2025-2026 Legislative Session

Relates to the definition and term of real estate listing agreements

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A8120 (ACTIVE) - Details

See Senate Version of this Bill:
S7499
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §442-m, RP L

2025-A8120 (ACTIVE) - Summary

Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.

2025-A8120 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8120
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 1, 2025
                                ___________
 
 Introduced by M. of A. LEE -- read once and referred to the Committee on
   Judiciary
 
 AN ACT to amend the real property law, in relation to the definition and
   term of real estate listing agreements
 
   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.  LISTING  AGREEMENTS.  1.  FOR THE PURPOSES OF THIS SECTION,
 "LISTING AGREEMENT" MEANS A CONTRACT BETWEEN AN OWNER OR OWNERS OF RESI-
 DENTIAL REAL PROPERTY AND AN AGENT, BY WHICH THE AGENT HAS BEEN  AUTHOR-
 IZED TO SELL OR LEASE THE RESIDENTIAL REAL PROPERTY OR TO FIND OR OBTAIN
 A BUYER OR LESSEE THEREFOR.
   2.  NO  REAL  ESTATE BROKER SHALL BE A PARTY TO A LISTING AGREEMENT IF
 SUCH AGREEMENT IS FOR A PERIOD LONGER THAN TWO YEARS.
   3. A LISTING AGREEMENT SHALL NOT BE ENFORCEABLE IF  THE  AGREEMENT  IS
 FOR A PERIOD LONGER THAN TWO YEARS.
   4.  NOTHING  SHALL PROHIBIT THE RENEWAL OF A LISTING AGREEMENT UPON OR
 PRIOR TO THE  FIXED  TERMINATION  DATE  SET  FORTH  IN  SUCH  AGREEMENT,
 PROVIDED,  HOWEVER,  NO REAL ESTATE BROKER SHALL BE A PARTY TO AN EXCLU-
 SIVE LISTING AGREEMENT WHICH SHALL CONTAIN AN AUTOMATIC CONTINUATION  OF
 THE  PERIOD  OF SUCH LISTING BEYOND THE FIXED TERMINATION DATE SET FORTH
 IN SUCH AGREEMENT.
   § 2. This act shall take effect one year after it shall have become  a
 law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11570-01-5

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