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Bill

S 7499

Relates to the definition and term of real estate listing agreements

2025 Regular Session Introduced by Leroy Comrie and 1 co-sponsor

Clarifies definitions and sets term limits for real estate listing agreements, shaping seller-broker contracts and licensing oversight.

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Bill Summary · S 7499

Summary of S 7499 — Relates to the definition and term of real estate listing agreements

Overview

S 7499 is a Senate bill introduced on April 21, 2025, and currently referred to the Judiciary Committee. The primary sponsor is Senator Rachel May, with Senator Leroy Comrie as a co-sponsor. A companion measure exists in the Assembly as A 8120. The bill’s formal focus, as indicated by its title, is on the definition and term of real estate listing agreements.

  • Status: Referred to Judiciary (April 21, 2025)
  • Introduced: April 21, 2025
  • Primary sponsor: Rachel May
  • Cosponsor: Leroy Comrie
  • Related/companion: A 8120 (companion in the Assembly)

What the bill appears to address (based on its title)

Because the full text of S 7499 is not provided here, the following reflects the likely scope suggested by the bill’s title:

  • Definitions: Clarifying or standardizing the key terms used in real estate listing agreements (e.g., listing agreements, exclusive-right-to-sell, exclusive-agency, open listings, broker, principal/ seller, client, customer).
  • Term of listing agreements: Establishing or modifying the duration of listing contracts, including maximum or minimum term lengths, renewal mechanisms, and conditions for extension or termination.
  • Consent and disclosure: Possible requirements related to client consent, disclosures, and fiduciary duties of licensees within listing relationships.
  • Termination and remedies: Provisions outlining how an agreement may be terminated by either party, and potential remedies for breach or non-performance.
  • Consumer protections: Measures intended to protect sellers or buyers in listing arrangements, potentially addressing transparency, fee structures, or dispute resolution.
  • Relationship to licensing: Alignment with real estate licensing regulations and enforcement in the judiciary/administrative framework.

Note: The precise provisions will be defined in the bill’s text. The sections above reflect common topics such legislation tends to cover.

Potential impact and who is affected

  • Real estate buyers and sellers: Clarified definitions and term limits could affect negotiating leverage, contract duration, and termination rights.
  • Real estate brokers and agencies: May experience changes to standard forms, term lengths, duties, and disclosure requirements; potential impacts on commissions and renewal practices.
  • Licensing and enforcement: If enacted, the judiciary or relevant licensing authorities would oversee the statutory framework governing listing agreements.
  • Related legislation: The companion Assembly bill A 8120 could mirror or complement S 7499, confirming consistency across chambers.

Procedural and timeline notes

  • Introduced and assigned to Judiciary on April 21, 2025.
  • No further committee actions or floor votes are listed in the provided information.
  • To assess impact and status, the full bill text, committee reports, and any amendments should be reviewed when available.

Next steps for a more precise analysis

  • Obtain the full text of S 7499 and any amendments.
  • Review fiscal notes, if any, and committee memos from Judiciary.
  • Compare S 7499 with Assembly companion A 8120 to identify consistent provisions and potential differences.
  • Assess effective date, transitional provisions, and any implementation timelines once enacted.

Compiled from official sources — confirm details with the bill’s official record.

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