In one paragraph
New York's A 11490 would add Real Property Law sections 442-m and 442-n. No landlord, real estate broker, salesperson or real estate platform could use a dynamic pricing system, algorithm or automated pricing tool for the listing, advertisement, sale or rental of a residential dwelling unit, and owners could not offer rental units on an online real estate auction platform in which they or a family member hold an ownership interest. Introduced May 28, 2026 by the Rules Committee (at the request of Assemblymember Rosenthal) and referred to the Housing Committee; not passed.
Plain-English summary, written with AI assistance. The official text controls.
What it means for business
None yet: the bill has not been enacted. If enacted, landlords, brokers and real estate platforms in New York could not use algorithmic pricing tools for residential sales or rentals.
Key provisions
- Section 442-m would prohibit landlords, real estate brokers, salespersons and real estate platforms from using a dynamic pricing system, algorithm or automated pricing tool in the listing, advertisement, sale or rental of a residential dwelling unit
- "Dynamic pricing" means automated or algorithmic adjustment of an asking, rental or listing price that fluctuates based on algorithms, including occupancy or vacancy rates, competitor pricing, demand, time-on-market or a prospective tenant's or buyer's personal data; uniform bona fide discounts are excluded
- Those who run live auctions would have to post a plain-language disclaimer that shill bidding is illegal under New York law
- Section 442-n would bar an owner, or an entity in which the owner holds an interest in an online real estate auction platform, from offering a rental unit on that platform, including where a family member holds an ownership interest
- Would take effect on the thirtieth day after it becomes law; the text sets no penalty
- Status: referred to the Housing Committee on May 28, 2026; not passed by either chamber
Latest legislative action
May 28, 2026. referred to housing
Sponsors
| Name | Role |
|---|---|
| Rules Committee | Primary |
Topics and industries
Related topics
Affected industries
This page is general information, not legal advice. Summaries are AI-assisted and may contain errors; read the statute for the controlling text and talk to a lawyer about your situation. Full disclaimer · Report an error