Broker Report


August NYS Housing Statistics 
In August, the New York State housing market saw 13,852 closed sales, a $280,000 median sales price and an average of 62 days on market. An in-depth report is available for your use when talking to your agents, clients and the media. In addition to the full report, an infographic with key points and "The Skinny" video are also available. The localized monthly reports were emailed to each board last week. Learn more.

NYSAR Fall Business Meetings to be held September 30-October 3
The New York State Association of REALTORS will hold its annual Fall Business Meetings September 30 – October 3 at the Turning Stone Resort & Casino in Verona, NY. The Fall Business Meetings are your opportunity to get directly involved with your state association and make your voice heard about important industry and association issues. With three days of committee meetings, working groups, forums, educational sessions and guest speakers, all leading up to Wednesday's annual Board of Directors, countless topics will be discussed that impact your livelihood and membership. NYSAR encourages all members to participate, as many of the sessions do not require official committee service. Learn more.
Triple Play 2018 registration now open 
Registration is now open for Triple Play 2018 being held December 3-6, 2018 at the Atlantic City Convention Center in Atlantic City, NJ. Don’t miss out on: two keynote presentations; four days of education with FREE CE credit; 110 unique sessions including CE and non-CE; the Trade Expo with more than 250 exhibitors; Kick-Off Party, Icebreaker and state receptions; the RPAC High Rollers’ Suite; and much more. Register online during the early-bird period (now-October 15) to pay just $89! Learn more.
New DOS opinion about the use of “@” in Team names
NYSAR’s general counsel was in communication with the New York State, Department of State, Division of Licensing Services (DOS) as to whether a Team may use the “@” symbol in place of the word “at” in a Team name. Pursuant to 19 NYCRR § 175.25(e)(1)(ii) any Team name that does not contain the full licensed name of a Team member requires that, “the Team name must be immediately followed by “at/of [full name of the broker/brokerage].”  Some Teams have substituted the “@” symbol for the word “at”.  NYSAR’s concern with the use of “@” is that the regulation specifically requires “at/of” not “at/@/of”.  A strict interpretation of the regulation would require “at” instead of “@”. Learn more.
Recognize your outstanding agents with the 2018 REALTOR Honor Society  The 2018 REALTOR Honor Society recognizes board/association members for their involvement during the 2017 elective year. The Honor Society report form must be completed, signed by an officer or executive officer of the board/association and returned to NYSAR by Friday, October 12. Learn more.


Do your agents have what it takes to succeed in today’s competitive market?
This fall, you and your agents can take advantage of courses designed specifically to help you capture more clients and serve them with greater expertise. Whether it’s buyers, sellers or seniors in the market to buy or sell, NYSAR has a variety of courses this fall to enhance the skills of your agents. Check out these upcoming options:
  • Accredited Buyer Representative Course: 9/24-25 in Goshen; 10/16-17 in West Nyack; 10/24-25 in Woodbury.
  • Sellers Representative Specialist Course: 10/3-4 in Staten Island; 11/19-20 in White Plains.
  • Seniors Real Estate Specialist Course: 10/24-25 in Rochester; 10/24-25 in Binghamton.
Learn more.

Free InteractCE benefit helps members meet license renewal and REALTOR membership requirements
As an added benefit of your NYSAR membership, you are able to take three innovative and engaging online classes for free! Not only are the courses free, they'll help you and your agents meet their NYS license renewal and REALTOR membership requirements. Learn more.


Speaker announcement for Legislative Policy Forum at Fall Business Meetings
NYSAR’s Legislative Policy Forum on Tuesday, October 2 at 11 a.m. will feature guest speaker Steve Greenberg of Greenberg Public Relations. A former Press Secretary in the Assembly Speaker's Office and pollster with the Siena College Research Institute, Greenberg will share his perspective on upcoming state and federal elections. NAR Field Representative Zack Rubin-McCarry will also provide insight into the top federal and political issues facing REALTORS today. Learn more.

State Primary Election results – Cuomo wins; State Senate upsets
Gov. Andrew Cuomo defeated Cynthia Nixon in the Democratic Primary for governor with 64 percent of the vote. Lt. Gov. Kathy Hochul also won re-election in her Democratic Primary against New York City Council member Jumaane Williams 48 percent to 42 percent. Letitia James, who was endorsed by Gov. Cuomo, won a four-way Democratic Primary for Attorney General with 38 percent of the vote. Democratic insurgent candidates defeated six out of the eight state Senate incumbents and former members of the Independent Democratic Coalition (IDC): Sens. Klein, Avella, Peralta, Hamilton, Alcantara and Valesky. They were defeated by Alessandra Biaggi, John Liu, Jessica Ramos, Zellnor Myrie, Robert Jackson and Rachel May, respectively. Also notable, Democratic socialist candidate Julia Salazar defeated incumbent State Sen. Martin Dilan. The State Board of Elections has updates and results from all statewide, Senate and Assembly races around the state. Learn more.

NYS Payroll Tax and what you need to know before the December Opt-in Deadline
All New York employers will face a first-time decision by this December 1 - whether to participate in the state’s “employee compensation expense program,” or “payroll tax.” This new provision of New York State tax law is intended to provide a mechanism to shield employees from the effect of a federal cap on the deduction of state personal income taxes (PIT), by shifting employee PIT tax liability to an employer-paid (and fully deductible) payroll tax. Deciding to “opt in” or not raises several payroll, taxation and human resource issues. Learn more.

NAR renews call for long-term NFIP reauthorization
Before Hurricane Florence made landfall, NAR President Elizabeth Mendenhall offered prayers and support for those in its path and renewed the call for long-term NFIP reauthorization saying, “Although the National Flood Insurance Program is currently authorized through November, the National Association of REALTORS remains focused on ensuring Congress and the White House enact long-term reauthorization and reforms to strengthen the program’s sustainability. As another potential historic flooding event looms, we urge Congress to take up the fight for responsible long-term NFIP reform as swiftly as possible.” Learn more.

Voter registration deadline is October 12
In order to vote in the general election on November 6, 2018, you must register to vote and/or update your address or party affiliation by Friday, October 12. Learn more.


RPAC Karaoke Night, Monday, October 1
Join us for an exciting night ofkaraoke, costumes, auctions and more while attending NYSAR's Fall Business Meetings at Turning Stone. Whileregisteringfor the Business Meetings, add RPAC Karaoke Night to your registration. Your ticket will be in your envelope at check-in onsite. Learn more.

September Auction Item: Emerson Sensi WiFi Thermostat for Smart Home
Remotely control your home comfort with smartphone, tablet, Alexa and more! Enjoy the benefits of remote access to control your home temperature and the 7-day flexible scheduling to plan ahead. Named “Best Value” in smart thermostat 2018 by USA Today’s Bidding closes on Friday, September 28. Learn more.

Featured Content

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

Learn how to solve your tech problems with one easy phone call, understand how to implement simple steps to keep yourself safe, tips on how to be tech savvy and more in the September/October issue of New York State REALTOR magazine. Read the latest issue.
Industry Resources