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NY S05710
Bill
Status
5/13/2019
Primary Sponsor
Brad Hoylman-Sigal
Click for details
AI Summary
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Amends Real Property Law Section 442-k to require the Secretary of State to promulgate rules and regulations for real estate transactions
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Mandates that any document requiring a signature from a real estate salesperson or broker must also include the salesperson's or broker's legibly written name and license number
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Grants exclusive regulatory authority to the Secretary of State (rather than the state real estate board) over these signature and identification requirements
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Takes effect immediately upon enactment
Legislative Description
Requires every real estate salesperson and real estate broker involved in or present during a real estate transaction to legibly write his or her license number and signature on every document requiring a signature.
Last Action
COMMITTED TO RULES
12/28/2020