Relates to the definition and term of real estate listing agreements; provides that no real estate broker shall be a party to a listing agreement if such agreement is for a period longer than two years; provides that a listing agreement shall not be enforceable if the agreement is for a period longer than two years.

New York Senate Bill S07499 aimed to limit the duration of real estate listing agreements to a maximum of two years. It proposed that no real estate broker could be a party to a listing agreement exceeding this period, and any such agreement would be unenforceable if it lasted longer than two years. The bill also allowed for the renewal of listing agreements before or upon reaching the fixed termination date, provided that exclusive listing agreements did not automatically extend beyond the agreed period. ([legiscan.com](https://legiscan.com/NY/text/S07499/2025?utm_source=openai))

NY S07499 is a senate bill in the New York 2025-2026 General Assembly, sponsored by Rachel May (D), currently “Engrossed” since May 29, 2026.

We track 14,627 New York bills this session, 156 of them sponsored by Rachel May.

While specific media coverage on Senate Bill S07499 is limited, similar legislative efforts in other states have been met with support from consumer advocacy groups. These groups argue that limiting the duration of listing agreements enhances market fluidity and protects property owners from prolonged contractual obligations. For instance, in California, similar measures have been praised for promoting transparency and fairness in real estate transactions.

Conversely, real estate industry associations have expressed concerns about such legislative proposals. They argue that restricting the length of listing agreements could undermine the stability of real estate contracts and potentially lead to increased costs for property owners. In states where similar bills have been proposed, these associations have lobbied against the measures, emphasizing the importance of contractual freedom and the potential negative impact on the real estate market.