NY A05499

Prohibits landlords, lessors, sub-lessors, and grantors from requiring tenants to pay broker's fees as a condition of entering into a residential lease agreement

Bans individual dual agency where a single real estate agent represents both buyer and seller, or both tenant and landlord, in the same transaction (though brokers may still assign separate designated sales agents to each party)

Requires written representation agreements between agents and buyers/tenants before agents can locate properties, present offers, or negotiate on their behalf, with agreements specifying compensation terms, duration, and expiration dates

Prohibits agents from collecting compensation from buyers or tenants unless they have a signed representation agreement to act as that person's agent in the transaction

Requires agents to obtain written permission from property owners before advertising or offering residential property for sale or lease, and bars agents who advertise without a listing agreement from being compensated by tenants for that property