New York S05471 codifies the duty of real estate brokers to supervise salespersons and associate brokers.
New York S05471 amends the real property law to codify the duty of licensed real estate brokers to supervise salespersons and associate brokers. This supervision includes regular, frequent, and consistent personal guidance, instruction, and oversight. The bill specifies elements of supervision, such as the broker's availability to review and approve documents and the ability to familiarize salespersons with state and federal laws, including anti-discrimination laws. The act takes effect immediately.
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