New York Legislative Bills
56 legislative bills tracked for real estate wholesalers & investors
Last synced: 4h ago
Establishes the small wholesaler liquor license; provides that the fee for such license is two thousand dollars.
Summary
- This bill establishes a small wholesaler liquor license with a fee of two thousand dollars
- It is aimed at regulating the wholesale distribution of liquor in New York
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers as it pertains specifically to the liquor industry
- Real estate wholesalers will continue to operate under existing regulations without any new licensing requirements from this bill
Relates to the establishment of a waiver for child care learning pods; provides that unlicensed and unregulated child care learning pods may operate if there are otherwise no violations of laws or codes, rules, and regulations of New York and such child care learning pod is compliant with the local laws, codes, rules, and regulations of such local municipality in which they are located and operated; provides for civil penalty for violations.
Summary
- This bill establishes a waiver allowing unlicensed and unregulated child care learning pods to operate in New York, provided they comply with local laws and regulations
- It also introduces civil penalties for any violations of these provisions
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to child care learning pods
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this bill
Establishes a pilot program on the referenced rate for prescription drugs; relates to reducing the cost of prescription drugs by establishing maximum wholesale drug prices that are the same as the prices in Canada.
Summary
- This bill establishes a pilot program aimed at reducing the cost of prescription drugs by setting maximum wholesale drug prices that align with those in Canada
- It focuses on regulating the pricing of pharmaceuticals rather than real estate transactions
What This Means for Wholesalers
- Since this bill pertains to the pharmaceutical industry and does not address real estate practices, it has no direct impact on real estate wholesalers
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this bill
Prohibits the keeping of inventory, storage, warehouse, processing, packaging, shipping or distributing of flavored vapor products near where vapor or tobacco products are sold at retail or wholesale.
Summary
- This bill prohibits the inventory, storage, and distribution of flavored vapor products near retail or wholesale locations that sell vapor or tobacco products
- It aims to regulate the proximity of these products to ensure compliance with health and safety standards
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains to the sale and distribution of flavored vapor products rather than real estate transactions
- However, if a wholesaler is involved in properties that house such businesses, they may need to consider the implications of this legislation on potential buyers or tenants
Enacts the New York state pharmaceutical drug manufacturer and wholesaler disclosure act; requires pharmaceutical drug manufacturers and wholesalers to annually report to the New York department of health, for disclosure to the general public, all of its gifts to health care practitioners that prescribe drugs when such gifts have a value of seventy-five dollars or more; authorizes the commissioner of health to impose penalties and promulgate necessary rules and regulations.
Summary
- This bill requires pharmaceutical drug manufacturers and wholesalers in New York to report any gifts valued at seventy-five dollars or more given to healthcare practitioners
- The information will be disclosed to the public, and the commissioner of health has the authority to impose penalties and create regulations related to this reporting
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers, as it pertains specifically to pharmaceutical drug manufacturers and wholesalers
- Real estate wholesalers in New York remain subject to existing real estate laws and regulations, but this bill does not introduce new requirements for them
Enacts into law major components of legislation necessary to implement the state public protection and general government budget for the 2026-2027 state fiscal year; makes permanent the recruitment incentive and retention program for certain active members of the New York army national guard, New York air national guard, and New York naval militia (Part A); extends the suspension of the subsidy to the state emergency services revolving loan fund from the public safety communications surcharge un
Summary
- This bill aims to implement key components of the state budget for the 2026-2027 fiscal year, including making permanent certain recruitment and retention programs for military personnel
- It also extends the suspension of a subsidy related to emergency services funding
What This Means for Wholesalers
- Since the bill does not specifically address real estate regulations or wholesaling practices, it is unlikely to have a direct impact on wholesalers in New York
- However, any changes in state budget allocations could indirectly affect the real estate market and related services
Establishes a pilot program on the referenced rate for prescription drugs; relates to reducing the cost of prescription drugs by establishing maximum wholesale drug prices that are the same as the prices in Canada.
Summary
- This bill establishes a pilot program aimed at reducing the cost of prescription drugs by setting maximum wholesale drug prices that align with Canadian prices
- It focuses on regulating the pharmaceutical industry rather than real estate practices
What This Means for Wholesalers
- Since this bill pertains to prescription drug pricing and does not address real estate transactions or wholesaling practices, it has no direct impact on real estate wholesalers in New York
- Wholesalers can continue their operations without any changes resulting from this legislation
Prohibits certain fees from being imposed by licensed wholesalers on licensed retailers.
Summary
- This bill aims to prohibit licensed wholesalers from imposing certain fees on licensed retailers
- It seeks to regulate the financial interactions between wholesalers and retailers in the real estate market
What This Means for Wholesalers
- For real estate wholesalers, this bill may limit their ability to charge additional fees to licensed retailers when assigning contracts
- This could affect their profit margins and the overall business model if they rely on such fees
Relates to the determination of a verifiable shortage of licensed mechanics by the commissioner of labor for purposes of the issuance of a temporary elevator mechanic license, continuing education requirements for elevator mechanic's and accessibility lift technician's licensees, and authorizing the commissioner of labor to impose civil penalties for the employment or use of unlicensed mechanics; repeals certain provisions of the labor law related to the inspection of elevators and conveyances;
Summary
- This bill addresses the issuance of temporary elevator mechanic licenses and continuing education requirements for elevator mechanics and accessibility lift technicians
- It also allows the commissioner of labor to impose civil penalties for employing unlicensed mechanics and repeals certain labor law provisions related to elevator inspections
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it focuses on elevator mechanics and licensing requirements
- However, wholesalers should remain aware of any potential indirect effects on property transactions involving elevators or accessibility lifts
Modifies licensing restrictions for manufacturers and wholesalers of alcoholic beverages on licensees who sell at retail for on premises consumption, and restrictions on retail licensees interested directly or indirectly in licensed manufacturers or wholesalers of alcoholic beverages.
Summary
- This bill modifies the licensing restrictions for manufacturers and wholesalers of alcoholic beverages, particularly focusing on those who sell at retail for on-premises consumption
- It aims to clarify the relationship and restrictions between retail licensees and licensed manufacturers or wholesalers
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to the alcoholic beverage industry
- Real estate wholesalers will continue to operate under existing real estate regulations without any changes from this bill
Creates a wholesale prescription drug importation program which complies with federal standards and regulations for the purpose of generating substantial savings for consumers.
Summary
- This bill proposes the creation of a program for importing wholesale prescription drugs in compliance with federal regulations, aimed at reducing costs for consumers
- It focuses on establishing a framework for the safe and effective importation of these drugs
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains to the pharmaceutical industry rather than real estate transactions
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this bill
Prohibits the keeping of inventory, storage, warehouse, processing, packaging, shipping or distributing of flavored vapor products near where vapor or tobacco products are sold at retail or wholesale.
Summary
- This bill prohibits the inventory, storage, and distribution of flavored vapor products near retail or wholesale locations that sell vapor or tobacco products
- It aims to regulate the proximity of these products to prevent potential health risks associated with flavored vaping
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains to the sale and distribution of flavored vapor products rather than real estate transactions
- However, if wholesalers are involved in properties that house such businesses, they may need to consider the implications of this regulation on property value and tenant operations
Allows for unlicensed individuals to collect throat or nasopharyngeal swab specimens and to perform certain nursing tasks during a state disaster emergency.
Summary
- This bill allows unlicensed individuals to collect throat or nasopharyngeal swab specimens and perform certain nursing tasks during a state disaster emergency
- It aims to expand the workforce available for health-related tasks in emergency situations
What This Means for Wholesalers
- This bill does not directly address real estate wholesaling or the regulations surrounding it
- Therefore, it does not have any specific implications for wholesalers in New York
Relates to increasing the class for certain vehicular crimes and enacting Kane's law; increases the class of vehicular manslaughter in the first and second degrees, aggravated vehicular homicide, and aggravated unlicensed operation in the first degree.
Summary
- This bill proposes to increase the classification of certain vehicular crimes, including vehicular manslaughter and aggravated vehicular homicide, thereby imposing stricter penalties for these offenses
- It also introduces Kane's law, which likely aims to enhance legal consequences for serious vehicular offenses
What This Means for Wholesalers
- This bill does not directly address real estate wholesaling practices or regulations
- Therefore, it is unlikely to have any immediate impact on wholesalers in New York
Prohibits certain fees from being imposed by licensed wholesalers on licensed retailers.
Summary
- This bill prohibits licensed wholesalers from imposing certain fees on licensed retailers
- It aims to regulate the financial interactions between wholesalers and retailers in the real estate market
What This Means for Wholesalers
- For real estate wholesalers, this bill may limit their ability to charge additional fees to licensed retailers, potentially affecting their profit margins
- However, since the bill specifically addresses licensed wholesalers, it may not directly impact unlicensed wholesalers operating in the market
Authorizes the bureau of funeral directing, under the direction of the commissioner of health to investigate claims brought against any person, firm or corporation relating to moneys paid in connection with agreements for funeral merchandise or services; provides that the bureau of funeral directing has the legal authority to investigate and, after due process, levy fines and sanctions on any unlicensed individuals and/or unregistered entities that are falsely acting as or representing themselve
Summary
- This bill authorizes the bureau of funeral directing to investigate claims against individuals or companies regarding funeral merchandise or services
- It grants the bureau the authority to impose fines and sanctions on unlicensed or unregistered entities that misrepresent themselves in this field
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to the funeral directing industry
- However, it highlights the importance of licensing and regulation, which could prompt scrutiny on similar practices in real estate wholesaling
Provides an exemption for certain parcels of land from the licensing restrictions prohibiting manufacturers, wholesalers and retailers of alcoholic beverages from sharing an interest in a licensed premises or to sell at retail for consumption on the premises; provides for the repeal of certain provisions upon expiration thereof.
Summary
- This bill provides an exemption for certain parcels of land from licensing restrictions that prevent manufacturers, wholesalers, and retailers of alcoholic beverages from sharing interests in licensed premises or selling for on-premises consumption
- It also includes provisions for the repeal of certain regulations upon their expiration
What This Means for Wholesalers
- This bill does not directly address real estate wholesalers or their activities
- Therefore, it is unlikely to have a significant impact on wholesalers in the real estate market, as it pertains specifically to the alcoholic beverage industry
Authorizes holders of certain licenses issued by the state liquor authority to engage in the sale or wholesale of ready-to-drink cocktails; corrects certain provisions regarding sale of mead and cider.
Summary
- This bill allows holders of specific licenses from the state liquor authority to sell or wholesale ready-to-drink cocktails and makes corrections to the regulations regarding the sale of mead and cider
- It aims to clarify and expand the scope of licensed beverage sales in New York
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers as it pertains to the sale of alcoholic beverages rather than real estate transactions
- Therefore, real estate wholesalers remain unaffected by any changes in licensing or regulations introduced by this bill
Provides that the tax on premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any premium cigars; defines "premium cigar"; provides for the repeal of such provisions upon expiration thereof.
Summary
- This bill proposes a tax on premium cigars set at seventy-five percent of the wholesale price or fifty cents, whichever is lower
- It aims to ensure that this tax is only applied once during the sale of premium cigars and includes a definition for what constitutes a premium cigar
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers as it pertains specifically to the taxation of premium cigars
- Wholesalers in real estate will continue to operate under existing regulations without any new restrictions or requirements introduced by this bill
Exempts certain parcels of land from licensing restrictions prohibiting manufacturers, wholesalers and retailers of alcoholic beverages from sharing an interest in a licensed premises and from selling at retail for consumption off the premises.
Summary
- This bill seeks to exempt certain parcels of land from existing licensing restrictions that prevent manufacturers, wholesalers, and retailers of alcoholic beverages from sharing interests in licensed premises and from selling alcohol for off-premises consumption
- Essentially, it aims to create more flexibility in the alcohol distribution industry regarding property interests
What This Means for Wholesalers
- This bill does not directly address real estate wholesaling practices or regulations
- Therefore, it is unlikely to have a significant impact on real estate wholesalers in New York, as it pertains specifically to the alcohol industry and licensing
Frequently Asked Questions — New York Real Estate Law
Common questions about wholesaling regulations and investor requirements in New York.
The Good Cause Eviction law, enacted on April 20, 2024, provides statewide eviction protections for tenants. Landlords must have a valid reason—such as non-payment or lease violations—to refuse lease renewals. Additionally, rent increases are limited to reasonable amounts tied to the local Consumer Price Index (CPI). Some municipalities may opt out under specific conditions. This law promotes housing stability and impacts landlord-tenant relationships across New York.
Bill S5473, currently pending since February 15, 2024, proposes several regulatory changes for real estate wholesaling in New York. It would require wholesalers to register with the Department of State and secure a $25,000 surety bond. Wholesalers must disclose their profit margins to all parties involved, and a public registry would be created to enhance consumer transparency. If enacted, this legislation would formalize wholesaling practices and increase accountability in New York real estate investing.
Yes. The Housing Stability & Tenant Protection Act (S6577), enacted on June 14, 2019, made significant changes to rent-stabilized apartments in New York. It abolished vacancy decontrol and rent bonuses, made rent stabilization permanent in applicable areas, and limited security deposits to one month’s rent. This legislation is crucial for tenants and investors alike, as it restricts rent increases and stabilizes rental markets.
Under the Good Cause Eviction law (A7737), landlords are restricted to raising rents only by reasonable amounts aligned with local CPI increases. This limits arbitrary or excessive rent hikes and aims to protect tenants from displacement. Landlords involved in real estate investing in New York must now factor these controls into their financial planning and property management strategies.
Real estate investors and wholesalers should proactively monitor the status of Bill S5473. Preparing for registration requirements, securing the required surety bond, and maintaining transparency about profit margins will be essential. Staying informed helps investors comply with new laws, avoid penalties, and build trust with clients and consumers.
Yes, certain municipalities can opt out of the Good Cause Eviction law if they meet established conditions outlined in the legislation. This means local governments can maintain or develop alternative eviction and rent control measures. Investors and landlords should review local ordinances to understand how the law applies in specific areas.
The Act greatly influences investor decisions by eliminating vacancy decontrol and bonuses, making rent stabilization permanent, and capping security deposits. Investors focusing on rent-stabilized properties must adapt to these restrictions by reevaluating rental income projections and long-term investment plans in New York real estate.
Current and upcoming New York real estate legislation can be tracked through official state government channels, legal advisories, and community housing organizations. Staying up to date helps both tenants and landlords understand their rights and obligations, especially with recent changes like Good Cause Eviction and proposed wholesaling regulations.
The recent and proposed laws aim to improve housing stability, protect tenants from unjust evictions and unreasonable rent increases, and increase transparency in real estate wholesaling. Together, they seek to balance the needs of tenants with responsible investing and fair market practices. This FAQ section is designed to help prospective landlords, tenants, and real estate investors navigate the evolving legal landscape of New York real estate investing and wholesaling in 2024.
Not legal advice. Consult a licensed real estate attorney in New York for guidance on compliance.