New York Senate Bill S05426

New York 2025-2026 Regular Session

• Introduced: 2/21/25
• Refer: 2/21/25
• Engrossed: 6/13/25
• Refer: 6/13/25
• Engrossed: 6/16/25
• Enrolled: 10/9/25
• Vetoed: 10/9/25

Caption

Increases the period of supervision to five years for real estate brokers applying for a license.

Summary

Bill S05426 amends the real property law in New York to increase the required period of supervision for real estate brokers applying for a license from two years to five consecutive years. This change aims to ensure that applicants have more extensive experience in the real estate brokerage business, thereby enhancing public trust and safety in real estate transactions. The bill also stipulates that applicants must complete a minimum of 152 hours of approved real estate courses and demonstrate cultural competency training, which includes understanding the diverse norms and challenges within communities.

Impact

The bill's enactment will modify the licensing requirements for real estate brokers in New York, specifically increasing the supervision period from two to five years. This change is expected to strengthen the qualifications of licensed brokers, potentially leading to better service and protection for consumers in real estate transactions. It may also affect the number of individuals who can qualify for a broker's license, as the extended supervision period could deter some applicants.

Sentiment

The sentiment around Bill S05426 appears to be overwhelmingly positive, as indicated by the voting history. The bill passed the Senate Rules Committee with a unanimous vote of 20-0 and subsequently received strong support on the Senate floor with 57 votes in favor and only 2 against. The Assembly also showed significant backing, with a final vote of 143-1. This suggests a broad consensus among legislators regarding the importance of enhancing the qualifications for real estate brokers.

Contention

While the bill has garnered strong support, there may be concerns from some stakeholders regarding the increased supervision period, particularly from those in the real estate industry who may feel that the extended requirement could limit entry into the profession. However, specific points of contention have not been prominently highlighted in the available discussions or voting records.