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Association Executives News

Association Executive News - October 2017
 
Answer the tax reform Call for Action – Protect NYS homeownership
There has never been a more crucial time to take action on behalf of homeownership in New York State. Current tax reform proposals would devalue the Mortgage Interest Deduction and eliminate the deductibility of state and local taxes, including property taxes. If enacted, these proposals would harm New York’s economy, hurt working families and crush the American Dream of Homeownership. Protect homeownership in New York State by clicking here, then ask your colleagues, friends, family and clients send the same message to their representatives.

Third quarter and September 2017 statewide housing market report and video available on NYSAR.com

In addition to the 10K local report you received from either NYSAR or directly from 10K, the third quarter and September 2017 statewide housing market report is available on NYSAR.com. The full statewide reports are available to NYSAR members only.
 
Also available on NYSAR.com is “The Skinny,” a video highlighting our current statewide housing market conditions. Please encourage your members to share this video with consumers to help them understand the Empire State’s housing market. Learn more on the NYSAR.com Housing Statistics page.

REALTORS gather in Verona for NYSAR’s Fall Business Meetings
During NYSAR’s Fall Business Meetings in Verona, NY, General Session keynote speaker Rob Hahn, founder and managing partner of 7DS Associates, offered an in-depth analysis of potential trends and unlikely events that could reshape how REALTORS business. NYSAR President Dawn Carpenter gave the State of the Association address, and John Vernazza of Staten Island, NY was announced as the 2017 REALTOR of the Year. 

The New York State Real Estate Education Foundation (NYSREEF) awarded education scholarships to 45 REALTORS, totaling $12,020. Combined with the 90 awards given at the Mid-Winter Business Meetings in February for $23,344, NYSREEF awarded 135 scholarships totaling $35,364 in 2017.  There have been 1,010 awards totaling $256,728 since the foundation’s inception.

Videos of the General Session, Legal Update and Safety Matters course as well as committee minutes will be available soon at NYSAR.com.

NYSAR launches ‘Careers in Real Estate’ promotion 
NYSAR has launched a program designed to encourage high school and college-age individuals to consider a career in real estate. The program, called for in the association’s current Strategic Plan, includes a series of videos, a web page and an information card that can be used by local boards/associations as they promote the industry at high school career days, college job fairs and other community events. All materials have been shared with local boards/associations. In addition to being available on NYSAR’s YouTube channel, the videos are featured on the new NYSAR Careers in Real Estate web page at nysar.com/careers-in-real-estate. The page also provides a great deal of additional information about starting a career in real estate and becoming a REALTOR. If you would like a branded version of one of the videos, please contact NYSAR Director of Communications Sal Prividera at sprividera@nysar.com

NYS approves new title insurance regulations
The New York State Department of Financial Services announced approval of new title insurance regulations that “clarify rules about marketing expenses including meals and entertainment, and ancillary fees that title agents or title insurers may charge the insured at closing,” and “require title insurance companies or agents that generate a portion of their business from affiliates to function separately and independently from any affiliate and be open for business from other sources.” For a full look at the final rules, click here and here. NYSAR is further examining these new regulations.

NYSAR to meet with NY elected officials in D.C. on tax reform
On Oct. 25, NYSAR President Dawn Carpenter and leadership will visit New York Congress members and Senators in Washington D.C. to urge them to protect the state and local tax deduction, the mortgage interest deduction and the preservation of 1031 like-kind exchanges as tax reform negotiations continue. 

Ithaca REALTORS oppose town board real property restriction proposals
Ithaca REALTORS utilized REALTOR Party resources to express their opposition to a proposed law issued by the Town Board of Ithaca that would require all new two-family buildings and accessory dwelling units (ADU) to be owner-occupied (either in the ADU or the primary unit), and to mandate that all properties in the town with an ADU have a rental operating permit. Ithaca REALTORS issued a local Call for Action targeting town board members to express their opposition to the proposed restrictions. View the town board’s proposals to learn more. If there is a local issue affecting your members or area your board would like to get involved in, please contact NYSAR Legislative Affairs Coordinator Jared Burns at jburns@nysar.com.

Long Island REALTORS oppose real estate fee hikes in county budget proposal
The Long Island Board of REALTORS is currently utilizing REALTOR Party resources to combat a Nassau County budget proposal to increase real estate-related fees that would make it more difficult to buy and sell homes in the county. Long Island REALTORS are urging county legislators to remove the fee increases from the budget proposal. If there is a local issue affecting your members or area your board would like to get involved in, please contact NYSAR Legislative Affairs Coordinator Jared Burns at jburns@nysar.com.

Mortgage interest and real estate tax deductions by Congressional District
NAR compiled data to provide an interactive map detailing the average amount deducted as a result of the MID as well as real estate tax deductions broken down by Congressional District. Learn more.

Remind your members to vote on Tuesday, Nov. 7
Voting regularly is an important and simple way to show elected officials that REALTORS are paying attention to their government at the local, state and federal levels, and are active in deciding who is elected. Please encourage your members to vote on Tuesday, Nov. 7. Find your polling place here.

Register for upcoming RPR and retirement planning webinars
Don’t miss next week’s “Meeting Buyers’ Demands with RPR’s Search Tools” webinar on Thursday, Oct. 26, at 2:30 p.m. Next month, make sure to register for the “Tax and Retirement Planning for REALTORS webinar” on Thursday, Nov. 16, at 2:30 p.m.

65th Annual Fall Appraisal Conference – Nov 9-10
Join NYSAR at Turning Stone Resort & Casino for two days of appraiser and real estate continuing education. The 2018-2019 7-hour USPAP Update will be offered on Nov. 9, and the "Appraiser's Guide to Covering Your Appraisal" will be offered on Nov. 10. Also join us on Thursday evening for an informal meet and greet with the NYSAR Appraisal Committee leadership. Click here for the full brochure. Click here to register online.

Tune in to NYSAR Radio on Nov. 21 for ‘Agency - Dual and Designated Agents’
The Tuesday, Nov. 21, NYSAR Radio show will cover agency issues specifically related to dual and designated agents. Tune in at 10 a.m. on Oct. 17 on your PC or Mac by using the player on the NYSAR Radio page

Bid on the October RPAC auction item – Coach leather tablet case in blue
Bidding will end at the close of business on Friday, Oct. 27. To place a bid, call Derick King in NYSAR’s Government Affairs Department at 518-463-0300 x238, email dking@nysar.com or join the RPAC of New York Facebook group
 
 

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 September/October digital edition of New York State REALTOR is now available!

Learn how to protect yourself and your clients from cyber scams; how escalation clauses can benefit buyers and sellers; why REALTORS support NFIP; and much more! Click here to read the latest issue.
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