All REALTORS must complete Code of Ethics training by December 31, 2016
Mandatory Code of Ethics training (formerly known as the Quadrennial Code of Ethics training) must be completed by Dec. 31 of this year. Please remind your members that failure to complete the training by Dec. 31 will result in the suspension of their membership on Jan. 1, 2017 until the requirement is met. Any member who has not met the requirement by March 1, 2017 will be automatically terminated. There is also a penalty for boards and associations that fail or refuse to enforce the ethics training requirements. Learn more here
. Register for the 2017 NAR AE Institute in Denver, CO to be held March 17-20
The 2017 AE Institute will be held March 17-20, 2017, in Denver, CO, at the Sheraton Denver. Registration opens on Wednesday, Dec. 7, and all registrations must be done online. Register before January 31 to save $30 on Institute tuition. Registration is $545 before January 31 and $575 after that date. Click here
for more information. Bid on pre-paid AEI Denver tuition and support RPAC!
AE Michael Coughlin from the Clinton County & Northern Adirondack Boards has donated a pre-paid tuition to AEI Denver, March 17-20, that is now up for auction (worth $545)! All AE’s are welcome to bid on the item and the highest bidder will win the pre-paid tuition. The proceeds from the highest bidder will benefit RPAC. To bid on the item, visit the New York State REALTORS Association Executives Facebook group
. The current high bid is $450. Bidding closes on Friday, Dec. 2 Register for Triple Play for free!
All local board association executives and staff can register to attend the Triple Play Convention and Trade Expo for free. It’s a great opportunity to: join your leadership team in celebrating their success; bring along your new leaders to help them plan for the future; hear from industry leaders about the latest issues, trends and tools; and, it's an ideal time to recharge your battery while getting inspired with new ideas. You can also take advantage of the chance to preview speakers you may want to bring to your members locally.
If you can only attend one day, then Wednesday, December 7, is the day you need to be in Atlantic City. Attend Christine Todd’s two-part Survival Strategies workshop and take a break over lunch with your incoming leaders to get an update from NAR on national initiatives to assure the future success of REALTORS. At the Region 2 Leadership Luncheon, 2017 NAR President Bill Brown will talk about his outlook and plans for the coming year and the role you and your leaders can play. And, before the day is over, be sure to browse the Trade Expo to touch base with a wide variety of vendors and see their latest product and service offerings.
for details and to register. Encourage your members to take part in NYSAR’s Step Up, Stand Out challenge!
NYSAR is looking for your members’ help recruiting new faces to take part in NYSAR’s committees. They can accept our challenge today by signing up to be a recruiter, either on their own or they can team up with NYSAR friends. They can invite their fellow members who they think would benefit from taking their membership to the next level by submitting their names using our online form.
When they enroll as a recruiter between now and Dec. 31, they will be entered into a drawing to win two tickets to NYSAR’s 2017 Inaugural Dinner and Installation of Officers. For every member they submit, they’ll receive one additional entry. Plus, for each recruit they invite who attends the 2017 Mid-Winter Business Meetings, they’ll receive an entry into a drawing to win a $500 credit toward their stay at the Turning Stone Resort & Casino for the 2017 Fall Business Meetings.
They can visit stepup.nysar.com
to sign up as a recruiter, submit recruits and find a helpful recruiter toolkit.
NYSAR advances New York First Home program before the Assembly Ways and Means Committee
Recently, NYSAR Government Affairs staff met with key staff from the New York State Assembly’s Ways and Means Committee advocating for the New York First Home program. The program, outlined in NYSAR’s 2016 legislative priorities and promoted during Lobby Day, would allow individuals and couples to put aside money in a special savings account to be used only for upfront costs associated with purchasing a first home in New York State. This will continue to be one of NYSAR’s legislative priorities in 2017. Click here
to visit the New York First Home website and to send an electronic letter to your state legislator urging their support for the NY First Home proposal. NYSAR-supported candidates successful on Election Day
On Tuesday, Nov. 8, NYSAR-supported candidates were re-elected across New York including Senator Kemp Hannon in Nassau County, Senator George Latimer in Westchester County, and Senator Thomas O’Mara in the Southern Tier and Finger Lakes Regions. REALTOR-supported candidates were also successful in closely watched Congressional races throughout the state. REALTOR efforts helped re-elect Rep. Tom Reed in the Southern Tier, Rep. Sean Patrick Maloney in the Hudson Valley and Rep. John Katko in Central New York. Other REALTOR-supported Congressional candidate victories included Rep. Lee Zeldin, Rep.-elect John Faso and Rep.-elect Adriano Espaillat. FHA condo owner-occupancy update
On Wednesday, Oct. 26, the Federal Housing and Urban Development (HUD) Administration announced it will be easing rules on condominium financing, a move that could boost mortgage lending to lower-income and first-time homebuyers. In the letter to mortgage lenders, the Federal Housing Administration (FHA) said it lowered the owner-occupancy requirement on condominiums from 50 percent to 35 percent. Under the new guidelines, the requirement will be lowered from 50 to 35 percent owner occupancy if the following three conditions are met: the project has replacement reserves of at least 20 percent of the budget, no more than 10 percent of the units are in arrears (more than 60 days past due), and the condo has three years of acceptable financial documents. The story and letter from HUD can be found here
. Real estate, union leaders agree to a deal to revive 421-a property tax exemption
A deal has been struck to revive the 421-a property tax provision that expired in January. According to the details of the agreement, developers using the tax provision would pay construction workers working south of 96th street, on buildings with 300 or more rental units, an average hourly wage of $60 including benefits. Other parts of the city would pay $45 per hour and the exemption would last for 35 years. Rental units created for tenants paying less than the market rate would have to remain affordable for 40 years. This agreement requires legislative approval before becoming law. Click here
for more details. New York State Senate holds hearings over proposed Hudson River anchorage sites
In late October, New York State Senators Terrence Murphy, David Carlucci and Susan Serino conducted a hearing at the Croton Town Hall with public officials and residents to hear testimony regarding the U.S. Coast Guard’s proposal to create 43 anchorages for barges and other vessels at 10 sites on the Hudson River between Yonkers and Kingston. Elected officials as well as local advocacy groups expressed their reaction to the proposal at the hearing. The public comment period for the plan closes at the end of December. The full story can be found here
. NYSAR has submitted a letter in opposition to the Coast Guard proposal, which can be found here
. NAR comments on proposed changes to appraiser qualifications
On Oct. 28, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to their second draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. While NAR agreed with the AQB’s proposed removal of time limits on obtaining experience hours, NAR is concerned that reducing the hours requirement for all appraiser classifications could weaken the quality of new appraisers entering the field. Click here
for the full article with access to NAR’s comments
and AQB’s proposed changes
. Reach potential homebuyers and sellers with targeted marketing solutions
Start landing and selling more listings today! NYSAR is proud to announce a partnership with JSJD Media to provide you with the opportunity to be seen by buyers and sellers at the right time – when they are actively searching for real estate-related services. JSJD Media’s marketing campaign service uses cutting-edge digital technology to identify buyers and sellers in your market currently looking for a REALTOR’s services. Visit http://jsjdmedia.com/nysar.html
to learn more. Questions? Contact firstname.lastname@example.org
or call 855-790-0001. Save 55 percent on hotels with NYSAR
Save up to 55 percent over other travel sites and enjoy access to 700,000 hotels and the convenience of 24/7 concierge service with new NYSAR Member Perks partner HotelStorm. Traveling for the upcoming holidays? Save yourself the hassle of scouring the web for the biggest discounts. Visit the NYSAR HotelStorm site
and use passcode HOTELS to unlock discounts today. New York State Real Estate Education Foundation has a record year thanks to your support
This year, NYSREEF had a fundraising goal of 100 percent participation by local boards throughout the state. The foundation’s dollar goal for donations from local boards was $24,300. Although it didn’t reach its participation goal, as of Nov. 15, NYSREEF is just $200 shy of the dollar goal!
Thanks to your support, the foundation has raised more than ever in local board contributions, receiving $24,100 this year. That brings the year’s total donations from individuals, local boards and corporations to a record $44,511!
Since its inception in 2003, the foundation has awarded 875 scholarships to REALTORS totaling close to $235,000. Without your generous support, this would not be possible. The NYSREEF directors sincerely thank you and hope they may continue to count on your generosity.
Report on 2016 Local Board Contributions:
Local Board Amount Date Level
Buffalo Niagara Association $2,500 2/22/16 Dean
Chautauqua-Cattaraugus Board $500 9/22/16 Scholar
Clinton County Board $500 10/13/16 Scholar
Columbia-Greene Board $500 9/13/16 Scholar
Cortland County Board $100 11/3/16 Friend
Dutchess County Association $250 6/27/16 Friend
Elmira-Corning Regional Board $250 10/13/16 Friend
Greater Binghamton Association $500 4/25/16 Scholar
Greater Capital Association $2,000 10/6/16 Fellow
Greater Rochester Association $2,500 1/28/16 Dean
Greater Syracuse Association $1,000 6/27/16 Fellow
Hudson Gateway Association $5,000 6/27/16 Chancellor
Jefferson-Lewis Board $250 1/28/16 Friend
Long Island Board $5,000 2/22/16 Chancellor
Northern Adirondack Board $1,250 10/26/16 Fellow
St. Lawrence County Board $250 1/28/16 Friend
Staten Island Board $500 2/22/16 Scholar
Sullivan County Board $250 7/25/16 Friend
Ulster County Board $1,000 6/13/16 Fellow