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NY A00045
Bill
Status
1/5/2011
Primary Sponsor
George Latimer
Click for details
AI Summary
Bill Summary: A00045
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Real estate brokers, associate brokers, salesmen, and other licensed real estate agents are prohibited from providing legal advice or preparing legal documents for real estate matters unless they are licensed attorneys in New York state
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First violation results in a written warning
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Second violation is punishable by a $1,000 fine
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Each subsequent violation is punishable by a $5,000 fine
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Effective date is 60 days after the bill becomes law
Legislative Description
Prohibits real estate brokers from providing legal advice or preparing legal documents in real estate matters unless such person is a New York state licensed attorney; warning for first offense, $1,000 fine for second offense, $5,000 fine for each subsequent offense.
Last Action
referred to judiciary
1/5/2011