Bill Text: NY A02975 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the real property law, in relation to real estate brokers' sales in surrounding counties

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2010-03-19 - enacting clause stricken [A02975 Detail]

Download: New_York-2009-A02975-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2975
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 22, 2009
                                      ___________
       Introduced  by M. of A. BENJAMIN -- Multi-Sponsored by -- M. of A. WEIS-
         ENBERG -- read once and referred to the Committee on Judiciary
       AN ACT to amend the real  property  law,  in  relation  to  real  estate
         brokers' sales in surrounding counties
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The real property law is amended by adding  a  new  section
    2  442-m to read as follows:
    3    S 442-M. REAL ESTATE BROKERS' SALES IN SURROUNDING COUNTIES.  NOTWITH-
    4  STANDING ANY PROVISIONS OF LAW TO THE CONTRARY, A REAL ESTATE BROKER MAY
    5  NOT  CONDUCT A REAL ESTATE TRANSACTION IN A COUNTY OTHER THAN THE COUNTY
    6  OF SUCH BROKER'S RESIDENCE, PRINCIPAL OFFICE OR  BRANCH  OFFICE,  UNLESS
    7  SUCH  BROKER  WORKS  THROUGH  A  LOCAL REAL ESTATE BROKER AND SHARES THE
    8  RESULTING FEES IN ACCORDANCE WITH EXISTING LAW, RULES AND REGULATIONS. A
    9  LOCAL REAL ESTATE BROKER IS ONE WHOSE  RESIDENCE,  PRINCIPAL  OFFICE  OR
   10  BRANCH OFFICE LIES WITHIN THE SAME COUNTY AS THE SUBJECT REAL ESTATE.
   11    A  VIOLATION  OF  THIS SECTION SHALL BE A VIOLATION UNDER SECTION FOUR
   12  HUNDRED FORTY-TWO-E OF THIS ARTICLE AND SHALL CONSTITUTE A DECEPTIVE ACT
   13  OR PRACTICE WITHIN THE MEANING OF SECTION THREE  HUNDRED  FORTY-NINE  OF
   14  THE GENERAL BUSINESS LAW.
   15    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05765-01-9