New York A 11490: Prohibits dynamic pricing, algorithm or automated pricing tools in the sale or rental of any residential dwelling unit

Bill Text

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A11490 Summary:

BILL NOA11490 

&nbsp

SAME ASNo Same As

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SPONSORRules (Rosenthal)

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COSPNSR

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MLTSPNSR

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Add §§442-m & 442-n, RP L

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Prohibits dynamic pricing, algorithm or automated pricing tools in the sale or rental of any residential dwelling unit; prohibits the use of online real estate auction platforms for rental units where the owner has a direct or indirect ownership interest in such platform.

Go to top A11490 Actions:

BILL NOA11490 

&nbsp

05/28/2026referred to housing

Go to topA11490 Committee&nbspVotes:

Go to topA11490 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA11490 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11490

 IN ASSEMBLY

 May 28, 2026
 ___________

 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Rosenthal)
 -- read once and referred to the Committee on Housing

 AN ACT to amend the real property law, in relation to prohibiting dynam-
 ic pricing, algorithm or automated pricing tools in the sale or rental
 of any residential dwelling unit; and in relation to prohibiting the
 use of online real estate auction platforms for rental units where the
 owner has a direct or indirect ownership interest in such platform

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property law is amended by adding two new sections
 2 442-m and 442-n to read as follows:
 3 § 442-m. Dynamic pricing, algorithm or automated pricing tool prohib-
 4 ited. 1. As used in this section, the terms:
 5 (a) "Algorithm" means a computational process or system that applies
 6 one or more sets of rules, including rules generated by a natural person
 7 or by a computational process or system, to generate outputs based on
 8 inputs and/or to define a sequence of operations.
 9 (b) "Dynamic pricing" means any automated or algorithmic adjustment of
 10 the asking price, rental price, or listing price of a residential dwell-
 11 ing unit that fluctuates based completely or in part on one or more
 12 algorithms, including but not limited to adjustments triggered by real-
 13 time occupancy rates, vacancy rates, competitor pricing data, demand
 14 indicators, time-on-market data, or the personal data of any prospective
 15 tenant or buyer, excluding price adjustments based solely on bona fide
 16 discounts offered uniformly to all prospective tenants or buyers on
 17 identical terms.
 18 (c) "Shill bidding" means the submission, or causing or facilitating
 19 the submission, of a bid on a residential dwelling unit listed on an
 20 online real estate auction platform by any person who has no genuine
 21 intention of purchasing or renting such unit, or who is acting in
 22 concert with, or at the direction of, the owner, landlord, listing
 23 broker, or any officer, director, employee, or relative of such owner or
 24 landlord, for the purpose of artificially inflating the bid price of
 25 such unit, discouraging, misleading, or deterring legitimate competing

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15834-01-6

 A. 11490 2

 1 bidders, or creating a false appearance of demand or competitive inter-
 2 est in such unit.
 3 (d) "Online real estate auction platform" means any website, software
 4 application, or digital service that conducts, hosts, lists, or facili-
 5 tates the auction-based sale or rental of one or more residential dwell-
 6 ing units in the state of New York.
 7 2. No landlord, real estate broker, real estate salesperson, or real
 8 estate platform shall use, employ, offer, contract with any dynamic
 9 pricing system, algorithm, or automated pricing tool in connection with
 10 the listing, advertisement, sale, or rental of any residential dwelling
 11 unit in the state of New York.
 12 3. Any landlord, real estate broker, real estate salesperson, or real
 13 estate platform that engages in live auctions shall post a clearly visi-
 14 ble plain language disclaimer alerting the bidder that shill bidding is
 15 illegal under New York state law.
 16 § 442-n. Online real estate auction. 1. No owner of a residential
 17 dwelling unit, nor any entity in which such owner hol