Menu

E-News Weekly

July 20, 2019

REALTOR NEWS

Sign-up for a NYSAR committee
Everyone is invited to be an active committee member! Sign-up started on Monday, July 1 and will run until July 31. You may sign up for up to four open committees and request up to three closed committees of the more than 25 NYSAR committees available in 2020. Only open committees will be automatic appointments. Closed committee requests will be vetted by the NYSAR Leadership Team. Before committing to serve, you must be able to attend the following 2020 business meetings:

  • Mid-Winter Business Meetings: February 9-13, 2020 - The Desmond Hotel, Albany
  • Fall Business Meetings: October 4-7, 2020 - Turning Stone Resort & Casino, Verona

For NYSAR committee descriptions, click here.
To sign-up for a NYSAR committee, visit https://committeeapp.nysar.com.

Bankrate: "Mid-year review: What's happening in housing, and more important, what's not" 
Lawrence Yun, chief economist and senior vice president of research at the National Association of REALTORS, discusses the housing market during the first half of 2019. Learn more. 

What do you do to stay safe? 
We need your help for our feature in the New York State REALTOR magazine. The question we're looking for responses to is: "What is your best REALTOR safety advice?"
Please send your response and headshot to NYSAR Director of Communications Scott Morlock at smorlock@nysar.com. 

GOVERNMENT AFFAIRS

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.
 
NY, NJ and CT challenge IRS’ SALT workaround rule in lawsuit
New York, New Jersey and Connecticut sued the federal government on Wednesday, July 17 over a recent decision by the IRS to not let the states use charitable funds as a workaround to a $10,000 cap on state and local tax deductions. Learn more.
 
State Comptroller: Tax Cap Remains at Two Percent for 2020
Property tax levy growth for local governments with fiscal years that close on Dec. 31 will be capped at 2 percent for 2020, according to State Comptroller Thomas DiNapoli. Municipalities have had their levy growth capped at less than two percent since 2014. Learn more.
 
VA loan limits to be lifted in 2020
President Donald Trump signed a bill into law that allows the Department of Veterans Affairs to back loans that exceed the conforming loan limit, which enables homebuyers using a VA loan to borrow above the 2019 limit of $484,350 for most counties, without a down payment. The National Association of REALTORS supported this measure. The Department of Veterans Affairs said lender guidelines will be released ahead of the January 2020 effective date. Learn more.

UPCOMING EVENTS

July MyFloodStatus webinar

Register for the last MyFloodStatus webinar in July, which will cover everything REALTORS need to know about flood zone determinations. The webinar will be held on Monday, July 22 at 9:30 a.m. For more information and to register, click here.

Accredited Buyer Representative held August 1-2 in Rochester
Become a proficient and profitable buyer's representative, serving with quality, fidelity, and confidence. Learn more. 

CIPS - Asia/Pacific & International Real Estate held August 5 in White Plains
Learn the social, economic, political and geographical characteristics of major countries in the Asia/Pacific region, and important characteristics of the real estate market in certain Asia/Pacific markets, including influential laws and real estate and brokerage practices. Learn more.

SONYMA 2019 & Beyond: Benefits to NY Homebuyers held August 21 in Saratoga
Learn more about the State of New York Mortgage Agency, their role in lending and the new mortgage loan products they have available to assist various types of borrowers. Learn more.

MEMBER PERKS

Save on over 93,000 items at Office Depot and OfficeMax
NYSAR members can enjoy up to 80 percent off retail price on over 93,000 items as well as free next day shipping on $50+ purchases. Learn more.

Need affordable pet health coverage? Nationwide has you covered!
Veterinary Pet Insurance by Nationwide provides affordable pet health coverage from preventive care to significant medical incidents. NYSAR members are eligible for a 5-percent discount (or more for multiple pets), which makes this peace-of-mind protection even more affordable. Learn more.

RPAC

July RPAC auction item- Ninja Coffee Maker for Hot/Cold/Frozen Coffee
Brew your favorite hot or cold coffee beverages with this deluxe Ninja Coffee maker, which 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 York Facebook group or contact Derick King at 518-463-0300 x238 or by email at dking@nysar.com.

Call for Auction items to be featured during RPAC Karaoke at Turning Stone
Once again we will be featuring live and silent auction items as part of the RPAC Karaoke Night fundraiser to be held during NYSAR’s Fall Business Meetings, which will be held Sept. 22-25 at Turning Stone Resort & Casino. If local boards or individual members would like to donate auction items, please contact Derick King at dking@nysar.com or at 518-463-0300 x238 with a description of the item and the value by Friday, September 9. Local boards and individual members will receive RPAC credit for auction item donations!
 
The summer RPAC fundraising season remains HOT
Local boards continue to crank up the creativity with local board RPAC events! Whitewater rafting, wine tastings, a theater night and more are on the summer event calendar.  To find out what kind of  RPAC events local boards/associations are holding, 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.
Industry Resources