AgentWebsite Help | NY State Requires "Standard Operating Procedures"

Under New York Senate Bill S.7729, as of April 20, 2022, every real estate broker, operating within the State of New York, must have on each publicly available website and mobile device application they maintain a list of standardized operating procedures.

Brokers who don’t display the required, time-stamped, and notarized procedures may face fines up to $1,000 per violation, or disciplinary action including license suspension or revocation.

Instructions

NY Agents: Contact your broker to get a copy of their "Standard Operating Procedures" (SOP) document. Send it to . We will place the document on your website.
NY Brokers: If you do not have one already, use this link to fill in and create an "Standard Operating Procedures" (SOP) document. See NYSAR guidance below. Send the completed document to . We will place the document on your website.

Information From NYSAR

See: https://www.nysar.com/standard-operating-procedure-law-effective-april-20-2022-impacts-all-brokerages/ and https://dos.ny.gov/standardized-operating-procedures

As per NYSAR on 4/20/2022:

"Please note that the suggestions contained in this document may be amended if the DOS provides further regulatory guidance on the SOP Law or we have further direction to provide to you. We also strongly encourage you to speak to your own legal counsel and marketing departments as to the best way to implement these suggestions. Please click here for an example of a Standardized Operating Procedure template that a real estate broker can use to summarize the Broker’s Procedures.

Members with questions can contact the NYSAR Legal Hotline Monday-Friday from 9:00am-4:00pm at 518-436-9727 or 518-43-NYSAR."