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NYSAR Updates

Real Estate Licensing
5/26/20 – Effective March 27, 2020, pursuant to Executive Order 202.11, any license issued by the Division of Licensing Services or New York State Athletic Commission, that expires after that date, shall remain in effect until July 6, 2020. Any license holder that is eligible to renew and does not need the extension is encouraged to do so; all other license holders may rely on the above extensions. Please note licensees who submit a  renewal after the expiration date printed on their license but by June 7, 2020 will see a change in their license term dates upon renewal, however, their office will maintain a record of the EO extension and your license will considered continuous licensure for this period.

President Stevenson Speaks at NAR BOD
5/15/20 – NYSAR President Jennifer Stevenson gives an inspiring speech at the National Association of REALTORS® Board of Directors meeting today. Thank you to President Stevenson for representing the over 59,000 members of NYSAR.

Remote Notarization
5/7/20 – On March 19, 2020, Governor Cuomo issued Executive Order 202.6 permitting Public Notaries to act remotely.  This would permit real estate closings to occur remotely rather than have in-person contact.  Governor Cuomo extended the ability for Public Notaries to act remotely until June 6, 2020.  Therefore, remote real estate closings can still take place. NYSAR will notify you in the event the date is extended by future Executive Order.

Be Alert for Scammers
4/16/20 – If you have filed for unemployment benefits and are waiting for a call back from the New York State Department of Labor, please be cautious about providing personal information to callers.

New York State Tax Filing & Payment Deadline Moved
New York State Governor Andrew M. Cuomo recently issued Executive Order No. 202.12 authorizing the commissioner of the Department of Tax and Finance to provide relief from tax filing and payment deadlines. Subsequently, the commissioner has extended the April 15, 2020, due date to July 15, 2020, for New York State personal and corporate income taxes.

CARES Act and What is Means for REALTORS®
3/27/20 – The CARES Act includes several provisions and programs that will provide direct relief to consumers and REALTORS® alike.

COVID-19 Addendum to the Residential Purchase Contract
3/19/20- As part of the Statewide Forms Library initiative, NYSAR has developed the “COVID-19 ADDENDUM TO RESIDENTIAL PURCHASE CONTRACT”