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NY S02352
Bill
Status
2/27/2023
Primary Sponsor
Brian Kavanagh
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AI Summary
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Real estate brokers and salespersons must request voluntary disclosure of demographic information (full name, race, ethnicity, gender, and other information determined by the secretary of state) from prospective home purchasers and retain it for two years.
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Brokers and salespersons must record and retain information about services provided, including properties listed, properties shown, property locations, and the disposition of all offers (accepted, rejected, or closed) for two years.
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Annual summaries of collected demographic and transaction data must be submitted 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 accessible to the governor, attorney general, temporary president of the senate, and speaker of the assembly, with public access limited to anonymized data only.
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The secretary of state must issue an annual public report by May 1st containing aggregate demographic data and service results, without identifying individual clients unless they consent.
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
5/14/2024