Assistant Attorney General, Real Estate Finance Bureau, Regulatory Review Section - NYC (REF/RRS_AAG_NYC_3530)
Job description
Applicants must have at least five (5) years of experience in real estate, commercial transactions, and/or regulatory compliance. Strong preference will be given to applicants with prior experience involving offering plans and real estate securities. A background in specific areas such as policy development, syndications, real estate investments, and/or affordable housing is also desirable. Applicants also must have excellent written and oral communications skills and the ability to work both independently and collaboratively in a highly structured, fast-paced environment while meeting rigorous statutory deadlines.
Applicants must reside in (or intend to soon become a resident of) New York State and be admitted to practice law in New York State. In addition, the Public Officers Law requires that attorneys in the Office be citizens of the United States. A two (2) year commitment upon being hired is a condition of employment.
REF, through Article 23-A of the New York General Business Law (the “Martin Act”) and governing regulations, regulates the public offer and sale of real estate securities, including cooperative interests in realty such as cooperatives, condominiums, timeshares, homeowners associations, and syndications. The Martin Act requires sponsors (or developers) of cooperative interests in realty to submit a prospectus or offering plan to REF before offering or selling any units or apartments to the public. REF also regulates the conversion of rental buildings to condominiums or cooperatives as well as affordable housing developments that include the offer of cooperative interests in realty.
Duties include, but are not limited to the following:
- Reviewing a large docket of offering plans and amendments related to cooperative interests in realty, including complex conversion plans for occupied buildings and affordable housing offerings;
- Reviewing applications for regulatory exemptions, including those related to out-of-state offerings and homeowners association offerings;
- Interacting on a regular basis with attorneys for other government agencies and real estate developers, including drafting and issuing detailed written letters concerning statutory and regulatory compliance;
- Assisting with developing policy, regulations, and legislative initiatives;
- Coordinating with REF enforcement attorneys on investigations related to violations of the Martin Act (this position does not involve litigation); and
- Drafting Assurances of Discontinuance related to Martin Act violations.
As an employee of the OAG, you will join a team of dedicated individuals who work to serve the people of our State through a wide variety of occupations. To learn more about Assistant Attorney General compensation, please click here. We offer a comprehensive New York State benefits package, including paid leave, health, dental, vision and retirement benefits, and family-friendly policies. Additionally, the OAG offers a robust Workplace Flexibilities Program with multiple options for employees, including telecommuting (up to two days per week) and alternative work schedules.
Per Office of the Attorney General policy, confirmation of vaccination status is a condition of employment for this position. If you are not fully vaccinated, you may be required to provide regular negative COVID-19 PCR test results at a frequency determined by the agency. The agency will consider religious and reasonable accommodations. For more information, please contact recruitment@ag.ny.gov.
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