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Broker Report

July 2019

NEWS

Registration for the 2019 Fall Business Meetings to open July 29
The Fall Business Meetings, which will be held Sept. 22-25 at the Turning Stone Resort & Casino in Verona, are your chance to hear about important industry and association issues. The four-day event includes committee meetings, working groups, forums, educational sessions and guest speakers. Registration will begin on the NYSAR Portal on Monday, July 29.     

GOVERNMENT AFFAIRS

NYSAR 2019 Legislative Session Summary
The State Senate and Assembly together passed the most number of bills in over a decade during the 2019 session. A summary of significant legislation passed by the legislature this year can be found here, which includes the passage of NYSAR priorities such as a permanent property tax cap, continuing education changes, and an amendment authorizing licensees to work with appraisal management companies. 
 
NYSAR testifies at NYC public hearing on broker fee cap proposal
NYSAR Secretary/Treasurer David Legaz testified before the NYC Council Committee on Housing and Buildings on Thursday, June 27 in opposition to a bill (Intro. 1423) that would limit the fees payable to any individual (such as a real estate professional) to one month’s rent when helping a prospective tenant find an apartment in NYC if that individual is an agent or representative of the building. Several other REALTOR members also attended the hearing and submitted formal testimony. New York City residents can take action to oppose this attempt to cap the amount of fees a broker may collect on a rental transaction. 
 
Federal lawsuit challenging New York’s new rent law
On July 15, the Rent Stabilization Association and the Community Housing Improvement Program, along with seven individual landlords, filed a lawsuit in the U.S. District Court, Eastern District of New York, alleging that the new rent law approved last month violates the U.S. Constitution’s Fifth Amendment. The amendment includes a clause that bars taking of private property without “just compensation,” and the Fourteenth Amendment’s due process clause. Learn more.
 
Gov. Cuomo signs Equal Pay legislation into law
On July 10, at the ticker-tape parade celebrating the Women’s National Soccer Team World Cup victory, Gov. Andrew Cuomo signed legislation that expands equal pay laws to prohibit unequal pay on the basis of a protected class for all substantially similar work, and forbids employers from asking prospective employees about their salary history. Learn more.

RPAC

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July RPAC auction item- Ninja Coffee Maker

Brew your favorite hot or cold coffee beverages with this deluxe Ninja Coffee maker! Features four brew sizes including cup, travel mug, half carafe or full carafe. Programmable auto IQ, Milk Frother, 43oz Glass Carafe, Ninja Smart scoop, removable water reservoir and permanent filter are also included. Bidding will end on Wednesday, July 31 at 5 p.m. To bid, visit the RPAC of New YorkFacebook group or contact Derick King at 518-463-0300 x238 or at dking@nysar.com.

Call for auction items for RPAC Karaoke at Fall Business Meetings
Once again, we will be featuring live and silent auction items as part of the RPAC Karaoke Night fundraiser, which will be held during NYSAR’s Fall Business Meetings Sept. 22-25 at Turning Stone. If local boards or individual members would like to donate auction items, please contact Derick King atdking@nysar.comor 518-463-0300 x238 with a description of the item and the valueby Friday, September 9.Local boards/associations and individual members will receive RPAC credit for auction item donations!

2019 Local Board RPAC Events on the Calendar 
The 2019 Spring RPAC fundraising season is under way! Local boards are really cranking up this creativity in support of RPAC this year. To view the event calendar, click here.

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% 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% 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. 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% 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% 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 May/June Digital edition of New York State REALTOR is now available!

Learn first hand about the benefits the NYSAR Housing Opportunities Foundation offers, discover when it's a licensee's duty to cooperate, make a difference by joining a committee and/or working group, get ready for REALTOR Care Week, celebrate the life of a NYSAR past-president and much more in the May/June issue of New York State REALTOR magazine. Read the latest issue.
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