New York S06361 prohibits unfair residential real estate service agreements that are not to be performed within two years.

New York S06361, known as the "Prohibition of Unfair Real Estate Service Agreements Act," amends the general business law to prohibit unfair residential real estate service agreements. These agreements are defined as those not to be performed within two years after they are entered into and either run with the land, allow for assignment without owner consent, or purport to create a lien or encumbrance. The act also prohibits the recording of such agreements to prevent clouding public records.

New York S06361 prohibits unfair residential real estate service agreements that are not to be performed within two years.

New York S06361, known as the "Prohibition of Unfair Real Estate Service Agreements Act," amends the general business law to prohibit unfair residential real estate service agreements. These agreements are defined as those not to be performed within two years after they are entered into and either run with the land, allow for assignment without owner consent, or purport to create a lien or encumbrance. The act also prohibits the recording of such agreements to prevent clouding public records.