2012 New York Consolidated Laws
RPP - Real Property
Article 12-A - (440 - 443-A) REAL ESTATE BROKERS AND REAL ESTATE SALESMEN
442-I - State real estate board.


NY Real Prop L § 442-I (2012) What's This?
 
    §  442-i.  State  real  estate  board.  1. There is hereby established
  within the department of state a state real  estate  board  which  shall
  consist of the secretary of state, superintendent of financial services,
  and thirteen additional members. At least five of these members shall be
  "real  estate  brokers", each of whom, at the time of appointment, shall
  be licensed and qualified as a real estate broker under the laws of  New
  York  state  and  shall have been engaged in the real estate business in
  this state for a period of not less than ten years prior to appointment.
  The remaining members shall be "public members" who shall  not  be  real
  estate licensees.
    2.  The  thirteen members shall be appointed as follows: seven members
  shall be appointed by the governor, three of whom shall be  real  estate
  brokers  and  four of whom shall be public members; two members shall be
  appointed by the temporary president of the senate, one of whom shall be
  a real estate broker and one of whom  shall  be  a  public  member;  two
  members  shall  be appointed by the speaker of the assembly, one of whom
  shall be a real estate broker and one of whom shall be a public  member;
  one  member shall be appointed by the minority leader of the senate, who
  shall be either a real estate broker or a public member; and one  member
  shall  be appointed by the minority leader of the assembly, who shall be
  either a real estate broker or a public member.
    3. Each appointed member shall serve for a term of two years;  at  any
  point during such term the appointed member may be removed by the person
  who  appointed  such member. In the event that any of said members shall
  die or resign  during  the  term  of  office,  the  successor  shall  be
  appointed  in the same way and with the same qualifications as set forth
  above. A member may be reappointed for successive terms  but  no  member
  shall serve more than ten years in his or her lifetime.
    4.  A  majority  of  members  currently  serving on the board shall be
  required in order to pass any resolution or to approve any matter before
  the board. The secretary of state shall be chairperson of the board. The
  vice-chairperson and  a  secretary  shall  be  elected  from  among  the
  members.  A  board member who fails to attend three consecutive meetings
  shall forfeit the seat unless  the  secretary  of  state,  upon  written
  request  from the member, finds that the member should have been excused
  from a meeting because of illness or death of a family member.
    5. Each member of the board shall receive no compensation  other  than
  reimbursement for actual and necessary expenses.
    6.  The board shall meet no fewer than three times per year and at the
  call of the secretary of state or a majority of the board.  In  addition
  to  regularly  scheduled  meetings of the board, there shall be at least
  one public hearing each year in New York city, one public  hearing  each
  year  in  Buffalo,  and one public hearing each year in Albany. At least
  fifteen days prior to the  holding  of  any  of  these  public  hearings
  pursuant  to this subdivision, the board shall give public notice of the
  hearing in a newspaper of general circulation in  each  area  where  the
  public  meeting is to be held. The purpose of these hearings shall be to
  solicit  from  members  of  the  public,  suggestions,   comments,   and
  observations about real estate practice in New York state.

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