What does the new regulation address?
The new Fair Housing regulation addresses three items:
Fair Housing Disclosure Form,
Fair Housing Notice
and the video and audio recording of all Fair Housing continuing education classes.
Fair Housing Disclosure Form: The new regulation 19 NYCRR 175.28 requires every licensee to provide the Fair Housing Disclosure Form to every prospective purchaser, tenant, seller or landlord (for ALL types of transactions: residential, commercial, vacant land, new construction etc.) at first substantive contact (the same as the agency disclosure form).
Fair Housing Notice: The new regulation 19 NYCRR 175.29 requires every broker’s office and branch office to post the Fair Housing Notice in the window of each broker’s office if other postings of any type are also on the window and if visible to persons on the adjacent sidewalk. If the broker’s office is unable to post in the window, the notice shall be prominently posted in the same location the business license is posted.
Recording of Fair Housing continuation education classes: 19 NYCRR 177.9 requires the audio and video recording of every continuing education class approved for “fair housing and/or discrimination in the sale or rental of real property or an interest in real property”.
What changes does it bring to the licensed NY agents?
The new Fair Housing Disclosure is required on ALL TRANSACTIONS (sales & rentals) in addition to the required NY Agency Disclosure form. Make sure to have both forms in your loops to remain compliant.
The form can be found in dotloop under the "Templates" section.