Allows up to seven excess continuing education credit hours for real estate brokers and real estate salespersons to be carried forward to the next two-year licensing period.
Impact
The amendment to the real property law signifies a potential shift in how continuing education is approached for real estate professionals. By allowing for the accumulation and transfer of excess credit hours to subsequent licensing periods, the bill addresses the challenges that brokers and salespersons may face when fulfilling their educational commitments within the tight timelines of licensing renewals. This could lead to an overall enrichment of knowledge and skills among real estate professionals, as they may have better opportunities to engage in courses relevant to their practice.
Summary
Bill A08219 amends the New York Real Property Law to permit real estate brokers and salespersons to carry forward up to seven excess continuing education credit hours into the next two-year licensing period. This change aims to provide more flexibility for real estate professionals in meeting their educational requirements, making it easier for them to manage their ongoing training and compliance with licensing standards. The bill reflects a commitment to enhancing professional development within the real estate industry.
Contention
While the bill facilitates an important accommodation for real estate professionals, it may also raise questions regarding the sufficiency and relevance of the education that licensees receive. Critics may argue that simply allowing excess credits to roll over does not necessarily address the quality or adequacy of continuing education being provided. Furthermore, there may be concerns voiced about ensuring that the standards for these courses remain high and relevant to the needs of the market, ensuring that licensed professionals are well-equipped to serve their clients.
Extends the revocation period for real estate brokers and real estate salespersons from one year to three years; includes the licnese revocation and suspension history of real estate brokers or real estate salespersons on the data.ny.gov website.
Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salespersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salespersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
Codifies the duty of real estate brokers to supervise salespersons and associate brokers through regular, frequent and consistent personal guidance, instruction and oversight; lists elements of supervision including the ability to familiarize salespersons with state and federal laws against discrimination.
Codifies the duty of real estate brokers to supervise salespersons and associate brokers through regular, frequent and consistent personal guidance, instruction and oversight; lists elements of supervision including the ability to familiarize salespersons with state and federal laws against discrimination.
Prohibits the sale or rental of illegally converted dwellings by real estate brokers, agents or salespersons; directs increased fines and revocation of real estate license for violation.
Provides that a member with credited service in excess of twenty-five years shall receive an additional retirement allowance equal to one-sixtieth of such member's final average salary for each year of creditable service in excess of twenty-five years; makes related provisions.