What does the "NYS Real Estate License Law" help to enforce?

The "NYS Real Estate License Law" is designed to govern the conduct of real estate licensees in New York State, ensuring that they adhere to ethical standards and practices when conducting real estate transactions. This law establishes the framework for how real estate professionals must operate, promoting honesty, integrity, and fairness in dealings with clients, customers, and the public. It underscores the importance of disclosing relevant information, avoiding deceptive practices, and safeguarding the interests of consumers.

While local construction standards, interest rates for mortgages, and building permit regulations are important aspects of the real estate industry, they are not directly addressed by the NYS Real Estate License Law. The law specifically targets the behaviors and responsibilities of licensed real estate professionals, making ethical conduct a central focus in maintaining the credibility and trustworthiness of the profession.