Section 441-B. License fees  


Latest version.
  • 1. The fee for a license issued or reissued
      under the provisions of this article entitling a person, co-partnership,
      limited liability company or corporation to act as a real estate  broker
      shall  be  one  hundred  fifty  dollars. The fee for a license issued or
      reissued under the provisions of this article entitling a person to  act
      as  a  real estate salesman shall be fifty dollars.  Notwithstanding the
      provisions of subdivision seven of section four hundred  forty-one-a  of
      this  article,  after  January  first,  nineteen hundred eighty-six, the
      secretary  of  state  shall  assign  staggered  expiration   dates   for
      outstanding  licenses  that  have  been  previously  renewed  on October
      thirty-first of each year from the assigned date unless renewed. If  the
      assigned  date  results  in  a term that exceeds twenty-four months, the
      applicant shall pay an additional prorated adjustment together with  the
      regular  renewal  fee.  The  secretary  of  state  shall assign dates to
      existing licenses in a manner which shall result in a term of  not  less
      than two years.
        1-A.  The  fee  for  a  person  to  take an examination offered by the
      secretary of state pursuant to this article shall  be  fifteen  dollars.
      Fees collected by the department of state pursuant to this article shall
      be  deposited  to  the  credit  of  the  business and licensing services
      account established pursuant to  section  ninety-seven-y  of  the  state
      finance law.
        2. Corporations and co-partnerships. If the licensee be a corporation,
      the  license  issued  to  it shall entitle the president thereof or such
      other officer as shall be designated by such corporation, to  act  as  a
      real  estate broker. For each other officer who shall desire to act as a
      real estate broker in behalf of such corporation an  additional  license
      expiring  on  the  same  date as the license of the corporation shall be
      applied for and issued, as hereinbefore  provided,  the  fee  for  which
      shall be the same as the fee required by this section for the license to
      the corporation. No license as a real estate salesman shall be issued to
      any  officer  of a corporation nor to any manager or member of a limited
      liability company nor to a member of a co-partnership licensed as a real
      estate broker. If the licensee be a co-partnership the license issued to
      it shall entitle one member thereof to act as a real estate broker,  and
      for  each  other  member of the firm who desires to act as a real estate
      broker an additional license expiring on the same date as the license of
      the co-partnership shall be applied  for  and  issued,  as  hereinbefore
      provided,  the  fee  for  which shall be the same as the fee required by
      this section for the license to the co-partnership.  If the licensee  be
      a  limited liability company, the license issued to it shall entitle one
      member thereof or one manager thereof to act as a  real  estate  broker,
      and for each other member or manager of the firm who desires to act as a
      real  estate  broker  an additional license expiring on the same date as
      the license of the limited liability company shall be  applied  for  and
      issued, as hereinbefore provided, the fee for which shall be the same as
      the  fee  required  by  this  section  for  the  license  to the limited
      liability company. In case a person  licensed  individually  as  a  real
      estate broker thereafter becomes an officer of a corporation or a member
      or   manager   of   a  limited  liability  company  or  a  member  of  a
      co-partnership  an  application  shall  be  made  in  behalf   of   such
      corporation,  limited liability company or co-partnership for a broker's
      license for him as its representative for  the  remainder  of  the  then
      current  license  term,  provided  that  the  license  and  pocket  card
      previously issued to the licensee in his individual capacity shall  have
      been  returned  to the department whereupon the department shall cause a
      properly signed endorsement to be made without charge  on  the  face  of
    
      such  license  and  pocket  card as to such change of license status and
      return the license and pocket card to the licensee.
        3. Disposition of fees. The department of state shall on the first day
      of  each  month make a verified return to the department of taxation and
      finance of all fees  received  by  it  under  this  article  during  the
      preceding  calendar month, stating from what city or county received and
      by whom and when paid.