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NY A08120
Bill
Status
5/1/2025
Primary Sponsor
Grace Lee
Click for details
AI Summary
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Defines "listing agreement" as a contract between residential property owners and an agent authorizing the sale or lease of property or finding buyers/lessees
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Prohibits real estate brokers from entering into listing agreements that exceed two years in duration
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Makes any listing agreement longer than two years unenforceable
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Allows renewal of listing agreements at or before the termination date, but prohibits automatic continuation clauses in exclusive listing agreements
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Takes effect one year after becoming law
Legislative Description
Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.
Last Action
referred to judiciary
1/7/2026