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S7499 • 2025

Relates to the definition and term of real estate listing agreements

Relates to the definition and term of real estate listing agreements

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Rachel May
Last action
2026-05-29
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to the definition and term of real estate listing agreements

Relates to the definition and term of real estate listing agreements Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.

What This Bill Does

  • Relates to the definition and term of real estate listing agreements Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-29 Senate

    PASSED SENATE

  2. 2026-05-29 Senate

    DELIVERED TO ASSEMBLY

  3. 2026-05-29 Assembly

    REFERRED TO JUDICIARY

  4. 2026-05-14 Senate

    ADVANCED TO THIRD READING

  5. 2026-05-13 Senate

    2ND REPORT CAL.

  6. 2026-05-12 Senate

    1ST REPORT CAL.1017

  7. 2026-01-07 Senate

    REFERRED TO JUDICIARY

  8. 2025-04-21 Senate

    REFERRED TO JUDICIARY

Official Summary Text

Relates to the definition and term of real estate listing agreements
Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          7499

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                     April 21, 2025
                                       ___________

        Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary

        AN ACT to amend the real property law, in relation to the definition and
          term of real estate listing agreements

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.   The real property law is amended by adding a new section
     2  442-m to read as follows:
     3    § 442-M. LISTING AGREEMENTS. 1. FOR  THE  PURPOSES  OF  THIS  SECTION,
     4  "LISTING AGREEMENT" MEANS A CONTRACT BETWEEN AN OWNER OR OWNERS OF RESI-
     5  DENTIAL  REAL PROPERTY AND AN AGENT, BY WHICH THE AGENT HAS BEEN AUTHOR-
     6  IZED TO SELL OR LEASE THE RESIDENTIAL REAL PROPERTY OR TO FIND OR OBTAIN
     7  A BUYER OR LESSEE THEREFOR.
     8    2. NO REAL ESTATE BROKER SHALL BE A PARTY TO A  LISTING  AGREEMENT  IF
     9  SUCH AGREEMENT IS FOR A PERIOD LONGER THAN TWO YEARS.
    10    3.  A  LISTING  AGREEMENT SHALL NOT BE ENFORCEABLE IF THE AGREEMENT IS
    11  FOR A PERIOD LONGER THAN TWO YEARS.
    12    4. NOTHING SHALL PROHIBIT THE RENEWAL OF A LISTING AGREEMENT  UPON  OR
    13  PRIOR  TO  THE  FIXED  TERMINATION  DATE  SET  FORTH  IN SUCH AGREEMENT,
    14  PROVIDED, HOWEVER, NO REAL ESTATE BROKER SHALL BE A PARTY TO  AN  EXCLU-
    15  SIVE  LISTING AGREEMENT WHICH SHALL CONTAIN AN AUTOMATIC CONTINUATION OF
    16  THE PERIOD OF SUCH LISTING BEYOND THE FIXED TERMINATION DATE  SET  FORTH
    17  IN SUCH AGREEMENT.
    18    §  2. This act shall take effect one year after it shall have become a
    19  law.



         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11570-01-5