New York A05164 amends real estate law to clarify brokers' duties in supervising salespersons and associate brokers.
New York A05164 amends the real property law to codify the duty of licensed real estate brokers to supervise salespersons and associate brokers. This supervision must be through regular, frequent, and consistent personal guidance, instruction, and oversight. The law specifies that reasonable and adequate supervision includes the broker's availability to review and approve documents, the distance between the broker's main location and branch offices, and the broker's ability to familiarize salespersons with state and federal laws, including anti-discrimination laws.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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