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NY S03731
Bill
Status
Introduced
1/29/2025
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Adds a new subdivision 7 to Section 440 of the real property law to create a legal definition for "team" in real estate contexts
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Defines a real estate "team" as two or more persons associated with the same brokerage who hold themselves out or operate as a team
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Requires at least one team member to be a licensed associate real estate broker or real estate salesperson
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Takes effect immediately upon passage
Legislative Description
Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/7/2026
Committee Referrals
Local Government1/29/2025
Full Bill Text
No bill text available