NY State — NY Real Property Law

§ 442-B — SECTION 442-B Discontinuance or change of salesperson's association; report

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPL § 442-B?

Quick Answer

This section requires a broker to notify the Department of State when a real estate salesperson's association is terminated or changed. The notice must be submitted in the prescribed manner and accompanied by a fee. Applies to real estate salespersons and their brokers.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 442-B SECTION 442-B Discontinuance or change of salesperson's association; report

RPL § 442-B

§ 442-b. Discontinuance or change of salesperson's association; report. When the association of any real estate salesperson shall have been terminated for any reason whatsoever, their broker shall forthwith notify the department of state thereof in such manner as the department shall prescribe. Where change of such salesperson's association is the basis for such termination, the salesperson's successor broker shall forthwith notify the department of such change in such manner as the department shall prescribe, such notice to be accompanied by a fee of one dollar. No real estate salesperson shall perform any act within any of the prohibitions of this article from and after the termination for any cause of their association until they thereafter shall have become associated with a licensed real estate broker.

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