Bill Text: NY S07248 | 2015-2016 | General Assembly | Introduced
Bill Title: Requires applicants for licenses and for renewals thereof as real estate brokers and real estate salesmen to complete instruction in the law of agency.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2016-09-09 - SIGNED CHAP.320 [S07248 Detail]
Download: New_York-2015-S07248-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7248 IN SENATE April 11, 2016 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to requiring three hours of agency related coursework as a requirement for renewal of a real estate license The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (a) of subdivision 3 of section 441 of the real 2 property law, as amended by section 1 of part D of chapter 328 of the 3 laws of 2014, is amended to read as follows: 4 (a) No renewal license shall be issued any licensee under this article 5 for any license period commencing November first, nineteen hundred nine- 6 ty-five unless such licensee shall have within the two year period imme- 7 diately preceding such renewal attended at least twenty-two and one-half 8 hours which shall include at least three hours of instruction pertaining 9 to fair housing and/or discrimination in the sale or rental of real 10 property or an interest in real property, at least one hour of instruc- 11 tion pertaining to the law of agency except in the case of the initial 12 two-year licensing term for real estate salespersons, two hours of agen- 13 cy related instruction must be completed, and successfully completed a 14 continuing education real estate course or courses approved by the 15 secretary of state as to method, content and supervision, which approval 16 may be withdrawn if in the opinion of the secretary of state such course 17 or courses are not being conducted properly as to method, content and 18 supervision. For those individuals licensed pursuant to subdivision six 19 of section four hundred forty-two-g of this article, in the individual's 20 initial license term, at least eleven hours of the required twenty-two 21 and one-half hours of continuing education shall be completed during the 22 first year of the term. Of those eleven hours, three hours shall pertain 23 to applicable New York state statutes and regulations governing the 24 practice of real estate brokers and salespersons. To establish compli- 25 ance with the continuing education requirements imposed by this section, 26 licensees shall provide an affidavit, in a form acceptable to the 27 department of state, establishing the nature of the continuing education EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14608-01-6