LIEB BLOG

Legal Analysts

Showing posts with label article 12-A. Show all posts
Showing posts with label article 12-A. Show all posts

Thursday, August 18, 2022

18 Aug

Gender Fluid in Brokerage: Real Estate Salesmen Become Salespersons in NYS

It took until 8/17/2022 for NYS to realize that its real estate brokerage law, Article 12-a of the Real Property Law, was flawed. Until now, how could a saleswoman function in the state? After all, the statutory license was called a "Real Estate Salesman." Ironically, the advertising regulations were already...

Wednesday, December 22, 2021

22 Dec

New Law: Real Estate License Law Violation Fine Doubled to Fund Fair Housing Enforcement

Starting on February 19, 2022, the maximum fine for real estate license law violations has been doubled from $1,000 to $2,000 by S945B. Brokers beware. Further, 50% of these fines, for violating Article 12-A and 19 NYCRR 175, will be used to establish an Anti-Discrimination in Housing Fund (ADHF). The ADHF shall...