NY’s New Bill Could Slam The Brakes on Your Real Estate License—Are You Ready?
A new New York state bill, S 5426, has just been delivered to the governor for approval and could change the game for aspiring real estate professionals. Sponsored by SKOUFIS, ADDABBO, and HINCHEY, this legislation proposes to increase the period of supervision required for certain real estate license applications. The move aims to ensure that new agents gain more hands-on experience before they can fully operate independently.
If passed, this bill could delay the licensing process for many hopeful agents, requiring them to spend additional supervised time gaining practical knowledge and skills. Supporters argue this will lead to more competent agents entering the market, protecting consumers and raising industry standards. However, critics fear it may discourage new applicants and slow down workforce growth in the real estate sector.
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