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Broker Report

Federal Call for Action – Reauthorization of National Flood Insurance Program
Please respond to this important Call for Action urging Congress to reauthorize the National Flood Insurance Program (NFIP) before the July 31, 2018 expiration deadline. NAR has been advocating for a long-term reauthorization of the program along with needed reforms. To answer Calls for Action via text message, text the word “NYREALTOR” to 30644.

New York State Call for Action – Oppose state mandate that would increase private construction costs
NYSAR is opposing state legislation mandating increased construction costs for affordable housing and other economic development projects. Construction costs in New York are already among the highest in the nation. The state Senate is currently considering amending the bill to address some of these concerns. Learn more and answer this Call for Action here.

Monthly housing market memo now available 
Each month NYSAR President CJ DelVecchio issues a housing market memo with talking points and statistical information that real estate brokers can use when discussing the market with their agents, clients and the media. The monthly memo, which is now available by clicking here, covers May 2018 statewide housing sales and median selling price, as well as new listings, pending sales, days on market, average sales price, percentage of list price received, housing affordability, inventory of homes for sale, and months’ supply of inventory.  Additionally, a localized monthly report has been provided to your local board/association.

Please Note: NYSAR will issue its monthly housing market press release on Wednesday, June 20, at 10 a.m. This report is embargoed until that time.

If you have any problems accessing the report, please contact the NYSAR Communications Department.

Register for Thursday’s Advertising Regulations webinar
Recently, the New York State Department of State Division of Licensing Services (DOS) began conducting random audits of websites operated by real estate brokers and/or their associated licensees. The DOS has disciplined a number of brokers for violating the advertising regulations by not using the proper “license type” or using a prohibited “corporate title.” Register for Thursday’s free webinar, presented by NYSAR Director of Legal Services S. Anthony Gatto, Esq., to learn how to reduce your risk under the advertising regulations. 

2019 NYSAR committee sign up available in July
NYSAR committee sign up will be available online only during the month of July. You may select up to six of the more than 25 NYSAR committees available in 2019 – three termed/closed committees and three open committees/forums/working groups. Volunteers are asked to be sure they will be able to attend the association’s 2019 business meetings, which are Feb. 11-14 in Albany and Sept. 22-25 in Verona before committing to serve. For information and to sign up, visit www.nysar.com. 

Free NYSAR Tech Hotline now available!
Call NYSAR's free Tech Hotline at 518-380-5380, Monday-Friday, from 7:30 a.m.-5 p.m., and speak with on-call experts available to assist you with your technology-related issues. You can also email techline@nysar.com to be called within an hour during normal operating hours. Learn more

Activate your free trial of FOREWARN
NYSAR members can now activate a limited-time free offer for a 30-day trial of FOREWARN, NYSAR’s partner for proactive safety and lead intelligence. The free trial is only available through Saturday, June 30, so act now! The free trial set-up is quick and easy. Click here to put in the email address this email was sent to, and click on the link in the activation email you receive. Enter the last four digits of your cell phone number, then enter the confirmation code texted to you and create a password. Download the FOREWARN app on your Apple or Android device, or login to your account on any browser at https://app.forewarn.com. Get started with FOREWARN today for safer showings and smarter engagements!

Bank deregulation bill becomes law
President Donald Trump recently signed into law the largest package of Wall Street banking reforms since the financial crisis, rolling back regulations on financial firms from community banks to credit-reporting agencies. Proponents of the law say it will free up regional banks to provide consumers access to credit and help boost the economy. Opponents, including progressive Democrats, argue that the bill undermines protections passed in the Dodd-Frank Act and could help lead to a repeat of the financial crisis. A summary of several key changes can be found here.

Appraisal management company legislation moving in Assembly
New state legislation (A.10831) that would regulate appraisal management companies (AMCs) was set to be passed through the Assembly Codes committee on Monday, June 18. NYSAR is supportive of this effort and has been working with lawmakers and state departments to enact the new measure. Existing federal regulations require appraisal management companies to be subject to new state licensing requirements. Appraisal management companies will be barred by federal regulation from providing appraisal management services for federally-related transactions in New York if the state does not act. NYSAR will continue to monitor the issue.

Greater Capital Association of REALTORS launches Call for Action
The Greater Capital Association of REALTORS (GCAR) launched a Call for Action to their Albany County members urging them to take action against a county legislature effort to mandate the installation of fire sprinklers in all new one and two-family residential construction in Albany County. This county effort mirrors a statewide effort from 2015 to adopt new state building codes that would have had the same requirement. That effort was defeated before the state Fire Prevention and Building Code Council. However, it is expected to be readdressed over the next year. NYSAR will continue to monitor the issue and oppose sprinkler mandate proposals at the state and local level.

New York City Council and mayor agree on $89.2 billion city budget
The New York City Council and Mayor Bill de Blasio agreed to an $89.2 billion city budget, which is $90 million more than the mayor’s proposed budget a month ago, and nearly $4 billion more than the city budget passed last year. This is City Council Speaker Corey Johnson’s first budget negotiated in his new leadership role. The budget announced includes $106 million for the Fair Fares program to provide half-priced Metro cards to New Yorkers below the poverty line beginning in January. A proposal by Johnson to provide a $400 rebate to homeowners was left out of the budget. Read more here.

There’s still time to participate in NYSAR Housing Opportunities Month!
In honor of June being NYSAR Housing Opportunities Month, and in an effort to raise awareness for housing opportunities in New York State, the NYSAR Housing Opportunities Foundation has made a goal of raising $5,000, which goes directly to the First-time Homebuyer Grant Program. Donate today to be a part of this effort!

Accurate Flood Zone Determinations Webinar - What You Need to Know on June 25 
Flood zone errors and confusion are rampant, and real estate agents need to know what information they can really count on! Join the MyFloodStatus webinar on June 25, at 9:30 a.m., to learn about their low-cost, pinpoint accurate, insured flood determination reports and the discount pricing you receive with your NYSAR membership. Register now!

Bid on the June RPAC auction item – Igloo 12-bottle wine cooler
Bidding will end at the close of business on Friday, June 29. To place a bid, call Derick King at 518-463-0300 x238, email dking@nysar.com or join the RPAC Facebook group.

The 2018 “RPAC Bling” pin is now available for a $25 RPAC investment! 
Show your support of RPAC through the brand new “RPAC Bling” pin. The pin is 1 & 3/4 inch wide with a powerful magnetic backing and features sparkling bling with a brushed silver trim. To order your pin today, complete the order form and return to dking@nysar.com or fax to the attention of Derick King at 518-462-5474. You can also call Derick directly to invest over the phone at 518-463-0300 x238!

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 May/June digital edition of New York State REALTOR is now available!

Learn valuable Facebook advertising tips, how to protect yourself from hackers, how to avoid common social media legal issues, and more in the May/June issue of New York State REALTOR magazine. Read the latest issue.
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