§ 441-B — License fees

New York § 441-B

• Jurisdiction: New York
• Law RPP: Real Property
• Art. 12-A: Real Estate Brokers and Real Estate Salespersons

Text

§ 441-b. License fees. 1. The fee for a license issued or reissued\nunder the provisions of this article entitling a person, co-partnership,\nlimited liability company or corporation to act as a real estate broker\nshall be one hundred fifty-five dollars plus an additional thirty dollar\nsurcharge. Such surcharge shall be collected by the department of state\nand deposited into the anti-discrimination in housing fund established\npursuant to section eighty-a of the state finance law to be used for\nstatewide fair housing testing efforts. The fee for a license issued or\nreissued under the provisions of this article entitling a person to act\nas a real estate salesperson shall be fifty-five dollars plus an\nadditional ten dollar surcharge. Such surcharge shall be collected by\nthe department of state and deposited into the anti-discrimination in\nhousing fund established pursuant to section eighty-a of the state\nfinance law to be used for statewide fair housing testing efforts.\nNotwithstanding the provisions of subdivision seven of section four\nhundred forty-one-a of this article, after January first, nineteen\nhundred eighty-six, the secretary of state shall assign staggered\nexpiration dates for outstanding licenses that have been previously\nrenewed on October thirty-first of each year from the assigned date\nunless renewed. If the assigned date results in a term that exceeds\ntwenty-four months, the applicant shall pay an additional prorated\nadjustment together with the regular renewal fee. The secretary of state\nshall assign dates to existing licenses in a manner which shall result\nin a term of not less than two years.\n 1-A. The fee for a person to take an examination offered by the\nsecretary of state pursuant to this article shall be fifteen dollars.\nFees collected by the department of state pursuant to this article shall\nbe deposited to the credit of the business and licensing services\naccount established pursuant to section ninety-seven-y of the state\nfinance law.\n 2. Corporations and co-partnerships. If the licensee be a corporation,\nthe license issued to it shall entitle the president thereof or such\nother officer as shall be designated by such corporation, to act as a\nreal estate broker. For each other officer who shall desire to act as a\nreal estate broker in behalf of such corporation an additional license\nexpiring on the same date as the license of the corporation shall be\napplied for and issued, as hereinbefore provided, the fee for which\nshall be the same as the fee required by this section for the license to\nthe corporation. No license as a real estate salesperson shall be issued\nto any officer of a corporation nor to any manager or member of a\nlimited liability company nor to a member of a co-partnership licensed\nas a real estate broker. If the licensee be a co-partnership the license\nissued to it shall entitle one member thereof to act as a real estate\nbroker, and for each other member of the firm who desires to act as a\nreal estate broker an additional license expiring on the same date as\nthe license of the co-partnership shall be applied for and issued, as\nhereinbefore provided, the fee for which shall be the same as the fee\nrequired by this section for the license to the co-partnership. If the\nlicensee be a limited liability company, the license issued to it shall\nentitle one member thereof or one manager thereof to act as a real\nestate broker, and for each other member or manager of the firm who\ndesires to act as a real estate broker an additional license expiring on\nthe same date as the license of the limited liability company shall be\napplied for and issued, as hereinbefore provided, the fee for which\nshall be the same as the fee required by this section for the license to\nthe limited liability company. In case a person licensed individually as\na real estate broker thereafter becomes an officer of a corporation or a\nmember or manager of a limited liability company or a member of a\nco-partnership an application shall be made in behalf of such\ncorporation, limited liability company or co-partnership for a broker's\nlicense for them as its representative for the remainder of the then\ncurrent license term, provided that the license and pocket card\npreviously issued to the licensee in their individual capacity shall\nhave been returned to the department whereupon the department shall\ncause a properly signed endorsement to be made without charge on the\nface of such license and pocket card as to such change of license status\nand return the license and pocket card to the licensee.\n 3. Disposition of fees. The department of state shall on the first day\nof each month make a verified return to the department of taxation and\nfinance of all fees received by it under this article during the\npreceding calendar month, stating from what city or county received and\nby whom and when paid.\n