NY S09686 | 2023-2024 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 20 2024 - 25% progression
Action: 2024-05-20 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Prohibits single-agent dual agency in certain real property agreements; requires representation agreements for certain brokers; allows buyers and tenants to negotiate brokers' fees; prohibits landlords, lessors, sub-lessors, and grantors from requiring a tenant to pay brokers' fees as a condition of entering into a lease agreement.

Tracking Information

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Title

Prohibits single-agent dual agency in certain real property agreements; requires representation agreements for certain brokers; allows buyers and tenants to negotiate brokers' fees; prohibits landlords, lessors, sub-lessors, and grantors from requiring a tenant to pay brokers' fees as a condition of entering into a lease agreement.

Sponsors


History

DateChamberAction
2024-05-20SenateREFERRED TO JUDICIARY

New York State Sources


Bill Comments

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