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E-News Weekly

November 17, 2018

REALTOR NEWS

NAR: "In Which States Did Properties Sell Quickly in September 2018?"
The National Association of REALTORS unveiled the results of their September 2018 REALTORS Confidence Index Survey. Respondents reported that properties were typically on the market for 32 days compared to 34 days in September 2017. However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago. Learn more.

NBC News: "All the single ladies ... are becoming homeowners"
Single women have been the second-largest home-buying group behind married couples since at least 1981, when the National Association of Realtors (NAR) started tracking the household composition of home buyers. The trend is consistent among first-time and repeat purchasers. In fact, single women make up 18 percent of all recent homebuyers in 2017, according to NAR. The highest percentage of single women buyers was found in the 72 and older age group. At the same time, in 2017 single male buyers accounted for nine percent of home purchases, NAR said. Learn more

Forbes: "Millennials, Gen Zers Have Changed the Real Estate Landscape: How the Industry Must Respond"
Elie Rieder, founder and CEO of the Montebello-based real estate investment firm Castle Lanterra Properties, wrote an article for Forbes on how various generations view purchasing a home. According to Rieder, when the housing market crashed 10 years ago, conventional wisdom held that millennials would become a nomadic generation — a generation that would eschew settling down due to the trials experienced by their parents during the recession of 2008. They became more risk-averse, afraid to meet the same fate of previous generations. In 2015, 37 percent of millennials were homeowners, an 8 percent decrease from Gen Xers' and baby boomers' homeownership rate at the same age (25–34). Learn more.

Local Board/Association 2018 REALTOR of the Year
NYSAR will recognize Local Board/Association 2018 REALTORS of the Year by presenting them with a Local Board REALTOR pin and photo with 2018 President CJ DelVecchio during the Mid-Winter Business Meetings in February at the Desmond Hotel in Albany. Submit the form by December 28. 

NAR required Code of Ethics Training
All REALTORS® must attend a class on the Code of Ethics every two years as a duty of membership. The deadline for the current two-year window is December 31, 2018. Members may satisfy this requirement in one of the following ways: check with local boards/associations New Member Orientation. REALTORS® who have joined since January 1, 2017 have met this requirement by attending the Code of Ethics portion of New Member Orientation. REALTORS® who joined prior to January 1, 2017 will need to have completed a class on the Code of Ethics by December 31, 2018, chosen from one of these options:

  • Local board/association Code of Ethics courses. 
  • Online through NAR - Members may take this class through NAR on Realtor.org (Code of Ethics Training).  
  • Attendance at a class offered by another education provider if local boards associations determine if the class meets the required learning objectives. Members must submit a certificate of completion to their local board in order to receive credit for the class.
  • Attendance at a class held by NAR, or other REALTOR® Associations, which has been determined to meet the learning objectives required by NAR.
  • Attend one of the following Code of Ethics courses at the Triple Play in Atlantic City: "Go Forth & Sin No More: Ethics & Professional Standards" on Dec. 3; "Code of Ethics & the Fair Housing Act" on Dec. 4 or "Tech Ethics: The Code, Social Media & Technology," on Dec. 6. 

Note: Failure to comply with this requirement could result first in suspension of membership followed by a loss of membership.

GOVERNMENT AFFAIRS

Attend NYSAR’s NYC Issues Working Group Meeting – Dec. 12 at 11 a.m.
NYSAR’s New York City Issues Working Group will meet on Wednesday, December 12 at 11 a.m. at The Parkside Group offices, 132 Nassau Street, Suite 400 in New York, to offer an opportunity for all REALTOR members residing in NYC and its surrounding communities to discuss NYC-centric REALTOR issues. Staff will provide a post-election outlook and the Parkside Group will update members on commercial rent control legislation, the NYC property tax study and the residential fire sprinkler bill introduced by the City Council. RSVP by Dec. 7 to Franklin Esson at fesson@nysar.com or call 518-463-0300 ext. 216. Lunch will be provided.

Save the Date: NYSAR Lobby Day – May 19, 2019
All REALTORS are welcome to attend NYSAR’s Annual Lobby Day in Albany on Tuesday, May 19, 2019. Lobby Day provides members the opportunity to meet one-on-one with state lawmakers to discuss REALTOR issues. NYSAR will provide breakfast and lunch as well as reimburse members for some travel and hotel expenses. More details to come.
 
NY Amazon deal faces opposition, requires state board approval
Gov. Andrew Cuomo and New York City Mayor Bill de Blasio announced a plan to provide $3 billion in grants and tax breaks to incentivize online retailer Amazon to establish a headquarters in Long Island City. Key elements of the plan still need approval from state legislative leaders through a three-member Public Authorities Control Board. Senator Michael Gianaris, who represents Long Island City and is the Senate Deputy Democratic Leader, has been a vocal opponent to the deal, along with other city and state officials. Learn more.

NYC leaders call for phase-out of commercial tax break programs
NYC Council Speaker Corey Johnson and Finance Committee Chair Daniel Dromm on Nov. 14 called for the sunset of the city’s Commercial Revitalization Program and Commercial Expansion Program. The programs are meant to reduce real estate vacancy rates, boost employment, and encourage property renovations through tax incentives. The Independent Budget Office was tasked with reviewing the programs and issued a report calling into question their effectiveness. Learn more

UPCOMING EVENTS

MyFloodStatus National Flood Search webinar offered in November
With flood zone errors and confusion running rampant, REALTORS need to know what information they can count on. Join their webinar on Nov. 19 at 9:30 a.m. to learn about their low-cost, pinpoint accurate, insured flood determination reports and discount pricing you'll receive with your NYSAR membership. To sign up for the webinar, click here. 

SRS offered in White Plains Nov. 19-20
Elevate your standards, enhance your performance, and demonstrate the knowledge and skills essential to professionally and ethically represent sellers. You'll learn to increase your listings and grow your business; demonstrate and communicate your value package to seller clients; apply the Code of Ethics and Standards of Practice in your dealings; comply with state license laws when representing sellers and provide the support and services sellers want and need. Learn more

GRI-8 offered in Rochester on Nov. 20
Discover the latest tools to streamline your business and exceed client expectations. Learn how to be mobile and paperless in your real estate practice with tips on transaction management tools, internet advertising and syndication, e-marketing and social media, as well as automation hardware, software and apps. Learn more

2019 Code of Ethics and Professional Standards Hearing Procedures Training 
This course is a must for local board/association presidents, directors, executive directors, professional standards administrators and legal counsels, as well as grievance and professional standards committee members. Any other members interested in learning more about the professional standards process are also welcome. In this course, you'll gain a full understanding of the conduct of ethics and arbitration hearings, enforcement procedures and disciplinary guidelines, learn about the mediation process and its benefits and explore the mandatory Ombudsman program and citation options. The training will be held on March 6 in Batavia, March 7 in Syracuse, March 8 in Binghamton, March 14 in Saratoga and March 15 in Lake Placid. Register today! 

MEMBER PERKS

Protect yourself from identity theft with IdentityForce
IdentityForce is a proven solution for safeguarding your personal information that offers continuous monitoring, instant breach notifications, daily credit monitoring and 24/7 restoration services. Plus, subscribers are backed by their nationwide identity theft insurance policy up to $1 million. NYSAR members can take advantage of special pricing. Learn more

Reach homebuyers and sellers with Post Cafe
Post Cafe offers elite, branded content for social media for real estate leaders. Stay top-of-mind and increase your social media reputation with engaging and fresh content your audience will not only love, but will want to read more of. Post Cafe automates and schedules all posts to Facebook, Twitter and LinkedIn. Members can create relationships with their audience while tracking their posts' performance. Learn more

RPAC

Greater Capital Association of REALTORS raise nearly $5,000 for RPAC
Congratulations to the Greater Capital Association of REALTORS for raising nearly $5,000 during the second annual RPAC Paint & Sip event. The proceeds will bring GCAR to over 100 percent of their 2018 RPAC fundraising goal. Thank you to those who planned, sponsored and attended this event. It was a terrific night!

RPAC will offer a weekly auction item throughout the month of November 
Each of these four items will feature a piece of jewelry inspired by New York’s spectacular Thousand Islands region, which were generously donated by Vickie Staie from the Jefferson Lewis Board of REALTORS. The third piece is a silver rope chain with an anchor charm. The auction will end on Friday, November 23 at 5 p.m. To bid, visit the RPAC of New York Facebook page or contact Derick King 518-463-0300 x238 at dking@nysar.com

The 2018 RPAC Fundraising year ends Friday, November 30
As a reminder, the 2018 RPAC Fundraising year will close on Friday, November 30. NYSAR must receive all RPAC investments from local boards and individual members by November 30 to be counted toward the 2018 fundraising year. Any RPAC investments that arrive at NYSAR following November 30 will be counted toward the 2019 RPAC Fundraising year. Please contact Derick King dking@nysar.com or 518-463-0300 with any questions.

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 November/December digital edition of New York State REALTOR is now available!

We celebrate our 2018 Community Service Award winners, look back at the Fall Business Meetings at Turning Stone, discuss disclosures other than agency disclosures, look at the market forecast and more in the November/December issue of New York State REALTOR magazine. Read the latest issue.
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