LIEB BLOG

Legal Analysts

Monday, February 28, 2022

New RE Brokerage Law: NYS Funding For Fair Housing Testing Efforts is Updated

On December 10, 2021, we told you about another initiative by New York State to combat discrimination in real estate where, effective as of December 21, 2021, a $30 fee has been added for real estate broker / salespersons licenses to cover the costs of the Attorney General to fund fair housing testing throughout NYS. 


Now that law has been changed to "clarify provisions concerning the disposition of surcharges collected by the department of state on licenses for real estate professionals."


Rather than the surcharge being "payable to the office of the attorney general," now, it is required to be "deposited into the anti-discrimination in housing fund."


This change is effective as of March 26, 2022.