Legal Analysts

Wednesday, July 06, 2022

Real Estate Brokerage - 6/29/2022 NYS Board of Real Estate meeting summary

On June 29, 2022, the NYS Board of Real Estate continued its mission of optimizing the regulation of real estate brokers in our state by holding its meeting. 

To remind real estate brokers and salespersons, the public is welcome at these meetings where the public can bring comments from the floor. Its encouraged that Lieb School students attend these meetings to have your voices heard.

"[T]he Board has general authority to promulgate rules and regulations affecting real estate brokers and salespersons in order to administer and effectuate the purposes of Article 12-A of the Real Property Law."

A complete video of the meeting is available on youtube.

The most significant takeaway from the meeting was that DOS has a new enforcement initiative, which started on June 1, 2022 - the launch of the Internet Enforcement Unit. This Unit is focusing on marking websites to confirm the existence of the Fair Housing Statement, compliance with Standard Operating Procedure Rules, and compliance with Advertising Regulations (19 NYCRR 175.25) with a specific emphasis on the use of unlicensed aliases rather than licensed names in such advertisements. 

BE WARNED - Go check all of your websites and social media today or hire Lieb Compliance to audit your web-based advertising for compliance.