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NY A10386
Bill
Status
5/21/2024
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
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Real estate brokers and salespersons must request voluntary demographic information from prospective home purchasers, including full name, race, ethnicity, and gender, and retain this information for two years.
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Brokers and salespersons must record and retain service results for each client for two years, including properties listed, properties shown, property locations, and the disposition of all offers (accepted, rejected, or closed).
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Brokers and salespersons must submit annual summaries of collected demographic and service data to the Department of State by March 1st for the preceding calendar year.
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The secretary of state shall establish a searchable database of submitted information available to the governor, attorney general, senate president, and assembly speaker, with public access limited to anonymized data only.
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The secretary of state shall issue an annual public report by May 1st containing aggregate demographic data and service results, without disclosing individual client identities unless consented to by the client.
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The act takes effect 90 days after becoming law, with immediate authority to adopt necessary regulations.
Legislative Description
Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salespersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
Last Action
referred to judiciary
5/21/2024