Starting on June 11, 2025, NY residential real estate purchasers will receive a new pamphlet, called "What Mortgage Applicants Need to Know," pursuant to A9686.This pamphlet is going to be created by the NYS Department of Financial Services and it will be available on the Department's Website - https://www.dfs.ny.gov/...
Showing posts with label real estate broker. Show all posts
Showing posts with label real estate broker. Show all posts
Monday, December 16, 2024
Wednesday, May 18, 2022
18
May
New York tenants will be receiving new notices about their rights to reasonable modifications and accommodations for persons with disabilities as of today. The Division of Human Rights has officially adopted 9 NYCRR 466.15 - see our prior blog on the topic here. The new law places a tremendous onus, with...
Thursday, March 17, 2022
17
Mar
On March 16, 2022, the NYS Division of Human Rights published Revised Rule Making, HRT-15-21-00005-RP (proposed 19 NYCRR 466.15), with respect to the notice that tenants must receive, which explains their rights to receive reasonable modifications and accommodations in housing. The proposed regulation provides...
Wednesday, March 09, 2022
According to the NYS Bar Association, in Ethics Opinion 1237, "A lawyer may not accept the referral of real estate closings from a real estate agent who is associated with a real estate company owned by the lawyer where the real estate agent and the real estate company will split the brokerage commission earned on the...
Wednesday, December 22, 2021
22
Dec
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...
22
Dec
If you are an associate real estate broker serving as a real estate brokerage office manager you are now responsible for your associated real estate salespersons' license law violations. Be warned. The statute, S2157A, amends Real Property Law section 440(6) and also requires an associate real estate broker to have...
Friday, December 10, 2021
10
Dec
Now there is another initiative by New York State to combat discrimination in real estate.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. Senate Bill S32133A adds a surcharge...
Thursday, March 11, 2021
11
Mar
On March 11, 2021, 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...
Friday, July 17, 2020
17
Jul
The NYS Appellate Division recently clarified that "[t]he fact that the security vouchers are a guarantee of payment, rather than a cash payment, does not render them not 'income,' as they are an item of value, worth a payment of up to one month's rent on the tenant's behalf to compensate for unpaid rent or damages to...
Monday, April 27, 2020
27
Apr
Major NEW Fair Housing Regulations are effective June 20, 2020 according to the NYS Board of Real estate meeting that was held on April 27, 2020.
ALERT: Real estate brokers must implement trainings immediately on their salespersons distributing the new required disclosure form or risk both license law violations and...
Friday, March 27, 2020
27
Mar
By way of Executive Order 202.11, licensees "time to renew a license" has been extended "to the 30th day following the expiration of this Executive Order."
This Executive Order expires on April 26, 2020 and as such renewal is extended to May 26, 2020 for real estate brokers and salespersons.
...
Friday, January 17, 2020
17
Jan
On January 15, 2020, Enhanced Fair Housing Provisions (page 12) were officially announced for New York State in the State Register.
Public Comment period goes to March 15, 2020 - make your comments by email:
david.mossberg@dos.ny.gov - or forever hold your peace.
The proposal includes additions...
17
Jan
Housing discrimination is very serious and exposes Landlords and Real Estate Brokers to major lawsuits for big money damages. Attorney Andrew Lieb, Esq. explains to real estate investors and brokers how to minimize exposure and not discriminate to potential tenants. Learn what to say and what not to say when dealing with...
Wednesday, January 15, 2020
15
Jan
50% in 3 Months
According to the Board of Real Estate Meeting
There were 6,610 exam takers during the period
Lieb School - where the law is followe...
Tuesday, January 14, 2020
14
Jan
248 in 3 months
According to the Board of Real Estate Meeting
Of which DOS:
121 closed
2 withdrawan
2 duplicates
19 civil matter
9 resolved
8 no violation
24 no jurisdiction
11 insufficient evidence
43 were holds placed on licensee's record to address brefore renew
6 were referred to counsel for a hearing
Lieb School...
Wednesday, December 18, 2019
18
Dec
Lieb Compliance is now offering real estate brokerage companies a private online portal with customized video compliance classes and certifications for their agents. Certifications include Fair Housing & Discrimination, Rentals (Tenant Protection Act of 2019), Agency Disclosure, Sexual Harassment Prevention and more.
To...
Tuesday, November 26, 2019
On November 21 - we posted the blog Dear LIBOR - Lieb School has a question about your Fair Housing Courses where we advised that the statute requires that real estate licensees only be taught with "attorneys presenting legal subjects".
Now, Newsday is reporting a quote from NYSAR's CEO - "We are requiring...
Monday, November 25, 2019
25
Nov
Newsday is reporting that "Sen. James Gaughran (D-Huntington) and Assemb. Kimberly Jean-Pierre (D-Babylon) introduced a bill that would expand the state’s authority to suspend or revoke a real estate agent’s license."
Did you know that a law already exists that provides for discrimination = license revocation?
19...
Friday, October 25, 2019
25
Oct
On 10/23/19, continuing education requirements for NYS real estate brokers, associate real estate brokers and real estate salespersons were changed by A6082. These changes are effective 7/1/21.
Lieb School has got you covered for your continuing education needs. Because our school's courses are written & taught...
Wednesday, July 03, 2019
On Monday, Governor Cuomo called on the Department of Financial Services to investigate reports that state-regulated advertisers are using Facebook, Inc.'s advertising platform to discriminate against protected classes.
Real estate brokers and mortgage bankers are state regulated advertisers - you are warned.
Get...
