Broker Report

Monthly housing market memo now available 
Each month NYSAR President Dawn Carpenter issues a housing market memo with talking points and statistical information that real estate brokers can use when discussing the market with their agents, clients and the media. The monthly memo, which is now available by clicking here, covers November 2017 statewide housing sales and median selling price, as well as new listings, pending sales, days on market, average sales price, percentage of list price received, housing affordability, inventory of homes for sale, and months’ supply of inventory.  Additionally, a localized monthly report has been provided to your local board/association.

Please Note: NYSAR will issue its monthly housing market press release on Wednesday, Dec. 20, at 10 a.m. This report is embargoed until that time.

If you have any problems accessing the report, please contact the NYSAR Communications Department.

Register for the NYSAR 2018 Mid-Winter Business Meetings - February 4-8
The New York State Association of REALTORS will hold its Mid-Winter Business Meetings Feb. 4-8, at The Desmond Hotel and Conference Center in Albany, NY. In addition to the full schedule of committee meetings, the 2018 leadership team and regional vice presidents will take the oath of office during the inaugural dinner on Monday, Feb. 5. 

Don’t delay, reserve your hotel room at the Desmond by Jan. 24 to receive NYSAR’s discounted room rate! For information on the NYSAR Mid-Winter Business Meetings, including registration information, click here. For additional information on the meeting's venue, The Desmond Hotel and Conference Center, click here

House advances final tax reform bill
The House of Representatives voted 227-203 to pass a final tax reform bill Tuesday, Dec. 19. Twelve Republicans voted no on the bill, including five representatives from New York – Reps. Dan Donovan, John Faso, Peter King, Elise Stefanik and Lee Zeldin. The Senate is expected to approve the final bill later today or Wednesday, Dec. 20. NAR has taken a neutral stance on final passage of the tax reform bill. The final bill made some improvements with regard to like-kind exchanges, the treatment of capital gains on the sale of a home and the preservation of deductions for second homes, among other changes. NAR President Elizabeth Mendenhall issued this statement. Read the full Issues Brief of the final bill here.

Save the date! NYSAR’s annual Lobby Day will be on Tuesday, March 20, 2018
Plan now to join with hundreds of your REALTOR colleagues in supporting homeownership and private property rights. Lobby Day will take place in the Empire State Plaza, Meeting Rooms 1-5, in Albany starting at 9 a.m. on Tuesday, March 20, 2018. More details to come.

Encourage your agents to apply for an education scholarship by Dec. 31
Earning a National Association of REALTORS designation can give you a competitive edge over your peers, but designation courses are often more costly than some other continuing education course options.  The New York State Real Estate Education Foundation (NYSREEF) can help. 
Scholarships are awarded twice a year at the semi-annual business meetings of the New York State Association of REALTORS.  The application process is simple, but the deadline for a February 2018 scholarship award is Dec. 31, so don’t delay.

Any REALTOR who has been actively involved in real estate and licensed in New York for at least one year is eligible to apply for one of the designation program scholarships. Applicants must hold primary REALTOR membership in New York State, demonstrate a drive to continue their education, show positive results with consistent growth, and prove their interest in furthering their career in real estate.

Scholarship winners will be announced at NYSAR’s Mid-Winter Business Meetings. Encourage your agents to visit where you’ll find the eligibility requirements and the one-page application.

2018 Code of Ethics and Professional Standards training 
The 2018 training will emphasize NAR’s Code of Ethics and professional standards hearing and alternate dispute resolutions procedures.  Attendees will gain an understanding of ethics, arbitration and mediation as well as the mandatory Ombudsman program and citation options. In addition to six hours of CE credit, this course also satisfies NAR’S mandatory ethics training requirement. Registration will open Jan. 1, 2018. Click here to view dates and locations.

Register for the 2018 Broker Summit - April 4-5 in Nashville
The 2018 REALTOR Broker Summit will be held in Nashville, TN from April 4-5, 2018. Registration opens Jan. 8, 2018. Click here for more information.

Apply for the 2018 Leadership Academy by January 15
Polish your leadership skills, raise your profile and gain valuable experience by being a part of the 2018 NYSAR Leadership Academy! The objective of NYSAR’s Leadership Academy is to discover, educate and empower future leaders. Graduates come away with life-long friendships, a strong referral network and a real sense of accomplishment. Click here for a flyer with more information that you can share with your agents. Click here to complete an application. Applications must be submitted by Monday, Jan. 15, 2018 at 5 p.m. 

NYSAR works on Appraisal Management Companies legislation
NYSAR staff met with New York State Assemblyman Ken Zebrowski, Assembly staff, and representatives from the state Mortgage Bankers Association and Appraisal Management Companies (AMCs) to discuss proposed legislation to regulate AMCs in New York State. There is an Aug. 10, 2018 deadline to establish minimum requirements for certain Appraisal Management Companies. Work on this bill will be a priority for NYSAR in 2018.

FCC repeals net neutrality rules
The Federal Communications Commission (FCC) voted 3-2 on Dec. 14 in favor of repealing net neutrality rules that prohibited internet providers from blocking websites or charging for higher-quality service or certain content. The federal government will also no longer regulate high-speed internet delivery as a utility, like phone services. Read more here. NAR opposed the FCC’s plan to roll back these regulations. New York State Attorney General Eric Schneiderman will be part of a multi-state legal challenge to the FCC’s decision.

Governor Cuomo announces State of the State address will be on January 3
Gov. Andrew Cuomo announced that he will deliver his 2018 State of the State address on Jan. 3, at 1 p.m., at the Empire State Plaza Convention Center in Albany. You can find more information here

Assembly Minority Leader Brian Kolb first declared GOP gubernatorial candidate
Assembly Minority Leader Brian Kolb (R-Canandaigua) is the first Republican to formally declare his candidacy to run against Democratic Gov. Andrew Cuomo in 2018. Other potential GOP candidates include business consultant Harry Wilson, Senate Deputy Majority Leader John DeFrancisco (Syracuse) and Dutchess County Executive Marc Molinaro, who has talked about running on a joint ticket with Kolb. Read more here.

MTA approves $1.9B contract to design, build LIRR 3rd track
The Metropolitan Transportation Authority (MTA) voted to approve a $1.9 billion contract for the design and construction of a third track on the Long Island Rail Road’s (LIRR) Main Line from Floral Park to Hicksville. Construction is expected to begin next year and take up to four years to complete. Read more here.

New York, New Jersey reach deal to fund Hudson River rail tunnel project
Under the framework, New York will provide $1.75 billion for the Gateway Program, New Jersey Transit will pay $1.9 billion and the Port Authority will pay $1.9 billion. Those contributions total nearly half of the $12.9 billion projected total cost. New Jersey would apply a surcharge to its riders to cover the costs, whereas New York’s share would be financed with a Federal Railroad Rehabilitation and Improvement loan. Read more here.

Take part in NYSAR’s Step Up, Stand Out challenge!
NYSAR is looking for your help recruiting new faces to take part in NYSAR’s committees. Accept our challenge today and invite your fellow members who you think would benefit from taking their membership to the next level by submitting their names using our online form. 

For every member you recruit, you’ll be entered into a drawing whereby one winner will be randomly-selected to receive two tickets to NYSAR’s 2018 Inaugural Dinner & Installation of Officers. The drawing will be held on Friday, January 26. Plus, for each recruit you invite who attends the NYSAR 2018 Mid-Winter Business Meetings, you’ll receive an entry into a drawing to win a $250 credit towards your stay at the Turning Stone Resort & Casino for the 2018 Fall Business Meetings.
Visit to submit your recruits and find a helpful recruiter toolkit.

Shop to support NYSAR’s foundations this holiday season
Shop at and support the NYSAR Housing Opportunities Foundation and the New York State Real Estate Education Foundation this holiday season. When you shop at, you’ll find the exact same low prices, vast selection and convenient shopping experience as, with the added bonus that Amazon will donate a portion of the purchase price to your favorite charitable organization. To shop in support of the Housing Opportunities Foundation, click here. To shop in support of the Education Foundation, click here

NY REALTORS achieve 2017 RPAC fundraising goal!
For the sixth conservative year, RPAC of New York reached its fundraising goal. New York REALTORS had a banner year by generating more than $1 million in RPAC proceeds, bringing RPAC of New York to 100 percent of its 2017 RPAC fundraising goal by raising $1,078,550. These proceeds reflect a 26-percent, or $218,567, increase over 2016 RPAC receipts. In terms of participation, 16,245 NYSAR members invested in RPAC during the 2017 fundraising year, reflecting 93 percent toward the 2017 participation goal of 17,418. These totals reflect a 13 percent, or 1,845 member, participation increase over the 2016 participation total of 14,391. All told, 30 percent of NYSAR members participated in RPAC in 2017.  

Thank you to the local boards from across New York for hosting more than 50 events in 2017, raising a record $200,000+ for RPAC! Stay tuned for the 2018 RPAC goals to be announced in the weeks ahead.

Register for the RPAC VIP Lounge to be held at the Desmond!
Back by popular demand, the RPAC VIP Lounge will be open on Tuesday, Feb. 6, during the NYSAR Mid-Winter Business Meetings at the Desmond. Manicures, massages, psychic readings, a character sketch artist, deluxe breakfast and lunch and much more will be available for a new $250 RPAC investment. For complete details, click here. Register when signing up for the NYSAR meetings!

Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal and the National Association of REALTORS, the New York State Association of REALTORS or any of its local boards or associations will not favor or disfavor any member because of the amount contributed. 70 percent of each contribution is used by your state PAC to support state and local political candidates. Until your NYSAR PAC reaches its PAC goal 30 percent is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after NYSAR PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.

Featured Content

The November/December digital edition of New York State REALTOR is now available!

Read 10 tips on how you can be successful in 2018; meet the 2017 REALTOR of the Year and Community Service Award winners; learn about NYSAR's new "Careers in Real Estate Program;" and much more! Click here to read the latest issue.
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