RPL Art. 14 — Property Condition Disclosure
N.Y. Real Property Law Art. 14, §§ 460-466 (Property Condition Disclosure Act)
Requires sellers of residential real property to complete, sign, and deliver to the buyer (or buyer's agent) a Property Condition Disclosure Statement before the buyer signs a binding contract of sale. The 2023 amendment (A.1967/S.5400, Chapter 484 of the Laws of 2023), effective March 20, 2024, eliminated the prior $500-credit opt-out and added seven flood-risk questions (FEMA flood zones, flood-insurance requirements and history, prior claims, elevation certificate), expanding the statement from 49 to 56 questions.
Who must comply
Other NYS DOS regulations
RPL 440-a — RE License Required
N.Y. Real Property Law § 440-a (Art. 12-A)
RPL 441 — Licensing & Continuing Education
N.Y. Real Property Law § 441 (Art. 12-A)
RPL 442 — Splitting Commissions
N.Y. Real Property Law § 442 (Art. 12-A)
RPL 442-d — Commission Action License Bar
N.Y. Real Property Law § 442-d (Art. 12-A)
RPL 442-e — Violations & Penalties
N.Y. Real Property Law § 442-e (Art. 12-A)
RPL 442-h — Standardized Operating Procedures
N.Y. Real Property Law § 442-h (Art. 12-A)
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