Loading chat...
NY A09467
Bill
Status
2/13/2026
Primary Sponsor
Catalina Cruz
Click for details
AI Summary
-
Adds a new exemption to the definition of prohibited "unfair residential real estate service agreements" for contracts, restrictive declarations, regulatory agreements, or other instruments mandated by a governmental entity or to which a governmental entity is a party
-
Amends Section 778-aaa of the general business law, which was established by prior 2025 legislation (S. 6361-B and A. 5886-C) regulating residential real estate service agreements
-
Takes effect on the same date as the underlying 2025 law prohibiting unfair residential real estate service agreements
-
Ensures government-mandated or government-involved real estate contracts are not subject to the restrictions on long-term service agreements
Legislative Description
Prohibits unfair residential real estate service agreements which are certain service agreements which are not to be performed within two years following the time such agreement is entered into.
Last Action
signed chap.21
2/13/2026