News

NYSAR News Flash
On December 21, 2021, Governor Kathy Hochul signed a series of new fair housing bills into law. NYSAR is proud to have worked with state lawmakers over the last two years to strengthen fair housing laws in New York State and is committed to educating REALTORS® about these new laws and regulations. Below is a description of the new fair housing laws along with any proposed chapter amendments where applicable. NYSAR will continue to post updates when they occur.
 

Adds 2 hours of implicit bias education for real estate licensees within the 22.5 hours of CE requirements.
Update: Governor Hochul and the Legislature have agreed to a chapter amendment (S.7769) that will extend the effective date to September 21, 2022 (9 months after being signed into law).
 

Adds 2 hours of cultural competency education for real estate licensees within the 22.5 hours of CE requirements.
Update: Governor Hochul and the Legislature have agreed to a chapter amendment (S.7770) to define “cultural competency” as “understanding cultural norms, preferences and challenges within our diverse communities;” and will extend the effective date to September 21, 2022 (9 months after being signed into law).
 

Requires the Department of State (DOS) to develop regulations pertaining to requiring brokerages to institute standard operating procedures (SOPs) and submit them to the DOS.
Update: Governor Hochul and the Legislature have agreed to a chapter amendment (S.7729) that will also require real estate brokers to date stamp, notarize and post SOPs on any public websites, mobile apps, and upon request, at any office locations. Any alterations to SOPs must also be date stamped and notarized within 30 days and archived by the broker. Affirmation of compliance to the DOS will be required of brokers at the time of renewal of a license. The effective date will be extended to April 20, 2022; however the DOS will still have to go through the regulatory process which could extend the date brokers would be required to comply.
 

Increases pre-licensing broker and salesperson course hour requirements to 152 hours and 77 hours, respectively, with 6 hours focused on fair housing for salespersons; and requires instructors’ compliance in course education under oath.
Update: Governor Hochul and the Legislature have agreed to a chapter amendment (S.7730) that allows for instructors to submit an oath of compliance electronically, and will extend the effective date to December 21, 2022 (1 year after being signed into law).
 

Adds an additional $30 surcharge to the license fee for real estate brokers and an additional $10 surcharge to the license fee for real estate salespersons to be used for statewide fair housing testing efforts.
Update: Governor Hochul and the Legislature have agreed to a chapter amendment (S.7731) that makes technical changes to the distribution of funds into an anti-discrimination in housing fund and will extend the effective date to January 20, 2022 (30 days after being signed into law).
 

Increases the maximum fine for real estate license violations from $1,000 to $2,000, with new funds dedicated to a new anti-discrimination in housing fund.
Update: Govenror Hochul and the Legislature have agreed to a chapter amendment (S.7728) that makes technical changes to the obligations and reporting requirements of the state Attorney General pertaining to conducting fair housing testing; and will expedite the effective date to January 20, 2022.
 

Requires two years’ experience as an associate broker before designation as an office manager; and establishes a standard for the supervision of real estate agents and associate brokers by office managers that is equivalent to that of a licensed broker.
This bill was signed into law without any changes and is now in effect.
 

Requires the state to establish a telephone hotline for housing discrimination complaints.
This bill was signed into law without any changes and will go in effect April 20, 2022 (120 days after being signed into law).

 

Find NAR’s Commercial Issues and Actions HERE

Take Action Now! Tell Gov. Andrew Cuomo and state lawmakers to remove cold call restrictions on licensed real estate professionals during a State of Emergency.
Right now, REALTORS® are being shut out of conducting cold calls due to the ongoing State of Emergency in New York. This is impeding business and we need to urge state lawmakers to put an end to the cold call ban now.
REALTORS® are essential to New York's economy and need to be able to fully operate and conduct business without this restriction. Even during the onset of the pandemic, real estate services were deemed an essential professional service by Empire State Development, recognizing the importance of a vibrant and open real estate market. 
There is a critical housing shortage and this ban is making it worse by stopping us from developing new listings. It's overdue to end this counterproductive restriction.
To complete the Call For Action, click the button below or copy and paste the following link into your Internet browser: https://www.votervoice.net/NYRealtors/campaigns/85072/respond.

New Fair Housing Regulations effective 6/20

Fair Housing regulations effective June 20, 2020 will have an impact on real estate related activities.

The new Fair Housing regulation is divided into three sections, Housing and Anti-Discrimination Disclosure Form, Fair Housing Notice and video and audio recording of all Fair Housing continuing education courses.  Below, please find guidance in the form of questions and answers as to how to comply with each section.

Brokers and licensees will need to provide a link on their website to the Fair Housing Notice (FHN) by June 20, 2020.  “All websites created and maintained by real estate brokers, associate real estate brokers, real estate salespersons and any real estate team…shall prominently and conspicuously display on the homepage of such website” a link to the FHN provided by the DOS.  By prominently and conspicuously, the link should appear “above the fold” and should not require a consumer to scroll down the webpage to find the link. 

Here is the link that must be provided: https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

View this video webinar for a more detailed explanation of the new Fair Housing regulations from NYSAR Director of Legal Affairs, Anthony Gatto.

https://vimeo.com/429407212

Visit https://www.nysar.com/legal/faq-fair-housing/ for more information and FAQs from NYSAR. 

Forms

Housing and Anti-Discrimination Disclosure Form (HADF)

Fair Housing Notice

Fair Housing Regulation

 

COVID-19 Updates

Please visit www.NYSAR.com for all statewide information regarding COVID-19. 

"NYSAR is committed to keeping you informed with updates and resources regarding the impact of COVID-19 (coronavirus) on your business and industry. Keep checking back—this page will be updated regularly with new information. For more on how to protect yourself and your families, visit the Centers for Disease Control and Prevention website."

Resources include: 

COVID-19 FAQ’s

NYSAR Updates

Please visit the NAR website for national updates regarding COVID-19. 

NAR Resources for Commercial Real Estate

NAR COVID -19 Policy and Advocacy