Extends the revocation period for real estate brokers and real estate salespersons from one year to three years; includes the license revocation and suspension history of real estate brokers or real estate salespersons on the data.ny.gov website.

This bill proposes to extend the time period during which real estate brokers and salespersons can have their licenses revoked or suspended from one year to three years. Additionally, it aims to make the history of any license revocations or suspensions publicly available on the data.ny.gov website, allowing for greater transparency in the real estate profession.

Supporters of the bill argue that extending the revocation period will help ensure that only qualified and trustworthy individuals operate in the real estate market. They believe that making revocation histories public will promote accountability and protect consumers from potential fraud or misconduct.

Critics of the bill contend that extending the revocation period could unfairly punish real estate professionals who may have made minor mistakes or faced temporary issues. They also argue that the public availability of revocation histories might deter new entrants into the profession, potentially limiting competition and innovation in the real estate market.