Broker Report
June 2022
News
NYSAR Awards nominations deadline approaching
Nominations are being accepted for the REALTOR® of the Year Award, Alan Yassky Distinguished Service Award and Community Service Award. The deadline to apply is June 24. For more information about the awards and the application process, click here!
Across the Association
In this edition of Across the Association, learn more about the NYSAR Leadership Academy, the NYSAR Housing Opportunities Foundation and NYSAR Awards application deadline. Watch now!
NYSAR Leadership Academy
The NYSAR Leadership Academy identifies, educates, and inspires future leaders in a professional, supportive environment. The Advisory Board is seeking applicants representing a cross-section of the profession for the 2023 Leadership Academy class. Applications are due August 31. To learn more and download the application, click here!
Homeownership Month
June marks National Homeownership Month and the NYSAR Housing Opportunities Foundation offers grants for first-time homebuyers who work with a New York State REALTOR®. Take advantage of 10 percent savings on invisaWear’s life-saving jewelry and accessories while also raising funds for the foundation. Use discount code “NYSARHOF” for 10 percent off at www.invisawear.com.
Education
NYSREEF June auction item
The June NYSREEF auction item is a Pocketalk Classic Language Translator Device. The portable two-way voice interpreter translates 82 languages in real time. It features:
• Built In Two Year Data Plan: Travel and communicate confidently in 133 countries – Pocketalk’s built-in data plan translates conversations anywhere an Internet signal is available.
• Translation Accuracy: Swearwords, jargon and slang languages often contain cultural features and do not always have equivalent translation in the target language.
• Dependable Real Time Translator: Our translating device accesses translation engines as you speak to break down language barriers instantly and accurately.
• 1-Year Limited Warranty
To bid, visit the NYSREEF Facebook page! Bidding ends June 30.
NYSAR EDUCATION CLASSES
June 21 – 24 | 9:00 AM to 1:00 PM
Accredited Buyers Representative
15 CE Hours; 2.0 in Agency | Instructor: Linda Lugo
Members: $295
SPECIAL PROMOTION! Register for this ABR course by phone at 518-463-0300 x 219 and get a 50% discount on an ABR elective, either Short Sales & Foreclosures, July 19-20, or At Home with Diversity, September 9-10 (AHWD is approved for 2 CE credits in Cultural Competency). Limited availability: no substitutions or refunds offered for cancellations if you register using this promotion.
Become a proficient and profitable buyer’s representative. ABR designees advocate for homebuyers and are recognized for their excellence in this area. Gain a thorough understanding of agency relationships, policy options and disclosure requirements. Learn how to avoid conflicts of interest and reduce your legal liability. Develop negotiating skills and build buyer commitment. Course fee included first year’s REBAC dues – a $110 value. This course satisfies the NYS agency training requirement. Register now!
Two GRI courses are scheduled in July from 9 a.m. to 1 p.m., each provides 7.5 CE credits. GRI-1 Ethics with Lin Fields will be held on July 7-8. This course satisfies NAR’s mandatory quadrennial ethics training requirement and the NYS 2.5 hour ethics requirement. Discover how to put the Code of Ethics to work for you. On July 11-12, Ifoma Pierre will lead the GRI-8 Technology course. Explore the latest tools to streamline your business and work smarter using apps, software, internet advertising and social media.
July certification courses include PSA – Pricing Strategy Advisor: Mastering the CMA, July 14-15, 9 a.m. to 1 p.m. providing 6 CE credits, led by Randy Templeman. Enhance your skills providing clients with property pricing guidance, creating CMAs, working with appraisers and educating clients on potential misconceptions about home values. This course also qualifies as an elective for ABR, GRI and SRS designations or may substitute for GRI-7 Property.
SFR – Short Sales & Foreclosure Resource: What RE Professionals Need to Know with Nancy Mosca is being offered on July 19-20 from 9 a.m. to 1 p.m. The 6 credit CE course will demonstrate how to maneuver the complexities of short sales and help buyers pursue short sale and foreclosure opportunities.
On four consecutive days, July 26 – 29, from 9 a.m. to 1 p.m., we will hold the 12 CE credit e-PRO certification course. Randy Templeman will teach attendees how to connect with consumers, market property online and keep client data protected throughout the real estate transaction. Learn the latest in real estate marketing including social media and mobile applications. This course also qualifies as an elective for ABR, CIPS, GRI and SRS.
As a reminder, active REALTORS® who have earned other NAR-family designations/certifications and are looking for a refresher, may retake a previously completed designation/certification course for only $50, provided your dues are current.
FREE Legal Update course information
The one-hour Legal Update course, which is approved for continuing education (CE) credit on recent legal matters, will be held once a month and is instructed by an attorney. This is a course that you will be eligible to take one time in your license cycle as a NYSAR member. The 2022 Legal Update course dates are: July 18, August 16, September 20, October 26, November 21 and December 12.
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Government Affairs
State legislative session concludes
The state legislative session concluded on Friday, June 3 with both the Senate and Assembly wrapping up scheduled activity for the year. Lawmakers approved more than 1,000 bills this session, which will be sent to Gov. Kathy Hochul for consideration. It’s the highest number of bills to be approved in both chambers in almost three decades. Several bills that NYSAR opposed did not pass, including good cause eviction, the “all-electric building act” and a bill that would prohibit landlords’ agents from collecting broker fees from tenants. To read a full summary of real estate-related legislation and progress, click here.
Governor Hochul extends statewide state of emergency through July 14
On Tuesday, Gov. Kathy Hochul announced an extension of the state’s COVID-19 emergency declaration until at least July 14. This is the seventh extension of this particular state of emergency issued by Gov. Hochul in November of last year. The prohibition on cold calling and telemarketing continues to be in effect through at least July 14 pending any further extension of an emergency declaration.
REALTORS® testify at DOS hearing on cease and desist zones in Brooklyn – Submit comment today
REALTORS® testified at a public hearing held last week in Brooklyn by the Department of State to discuss whether there is a need for additional cease and desist zones to address repeated real estate solicitations. The Department of State held a similar hearing in January where Brooklyn REALTORS® testified in opposition to any additional cease and desist zones. NYSAR opposes the measure and has consistently expressed its concerns to the Department of State on the negative impacts cease and desist zones have on law-abiding licensed real estate professionals. REALTORS® living and working in Brooklyn are encouraged to submit your own written comment opposing any new cease and desist zones by emailing the Department of State at [email protected]. To read NYSAR’s full testimony, click here.
Reasonable Modification and Accommodation Law now in effect
The NYS Division of Human Rights published final regulations on May 18, 2022, adding 9 NYCRR 466.15 that provides guidance for compliance for licensees and landlords. The regulations include definitions, examples of reasonable modifications and accommodations as well as a sample copy of the notice. The law and regulation also require real estate licensees and landlords to provide a notice that sets forth the rights a disabled individual has with regard to requesting reasonable modifications or accommodations to or in the “housing accommodation.” The notice must be provided at “first substantive contact” with a prospective tenant. Brokers are also responsible for posting of the notice conspicuously at all real estate offices and on their websites. NYSAR has developed two notices where the managing agent information is known and where the managing agent information is unknown. For more information and to access NYSAR’s sample notices, click here.
New Standard Operating Procedure law now in effect (video update available)
A new law requiring real estate brokers who service residential homebuyers to create and publish “Standardized Operating Procedures” (the “SOP Law”) for their brokerage offices went into effect on April 20, 2022. This topic was covered in detail during NYSAR’s recent April Legal Update. You can view the video on the new SOP law on NYSAR’s Fair Housing webpage by clicking here.
Register for FEMA webinar on changes to flood insurance on June 22 at 10 a.m.
Join FEMA on June 22, 2022, at 10 a.m. to hear from industry leaders on how they are navigating changes to flood insurance under Risk Rating 2.0: Equity in Action, a major update to the National Flood Insurance Program. Learn effective strategies for communicating the importance of flood insurance and risk to clients and overcoming challenges to build upon your reputation as a trusted advisor. Register now!
MEMBER PERK
Save on rental cars
This summer, don’t forget that NYSAR members can save up to 25 percent off Avis and Budget rental cars. To learn more about the discount, click here!
RPAC
RPAC Monthly Update
As of May 31, RPAC of New York has raised $606,148 reflecting 46% toward our 2022 fundraising goal of $1.3 million. In terms of participation, 10,077 members have invested in RPAC, representing 44% percent toward our 2022 Participation Goal of 22,808. These figures represent 16% of NYSAR’s total membership as invested in RPAC to date. To view the comprehensive monthly RPAC update, click here.
2022 Local Board RPAC Events on the Calendar
Local boards are busy event planning with a Hot Topics Talk & a Beer Tasting mixer on the June calendar and more in the works including a Lady Liberty sunset cruise, paint and sip and baseball game. To view the event calendar, click here.
Looking for RPAC Event Inspiration?
New York’s local boards raised over $225,000 for RPAC through 50 events held across the state in 2021 both virtual and in person. To view a complete list of these events to inspire 2022 event planning, click here.
2022 RPAC & Advocacy Materials now Available
Brand new versions of the NYSAR RPAC Flyer, NAR RPAC Flyers and 2022 advocacy agendas are now available. To view these items, click here.
June Auction Items
Two items will be offered in June to celebrate the start of the Summer Season!
Item 1: Two New York Mets tickets including parking for a 2022 Season game.
Donated by George K. Wonica, Staten Island Board
Item 2: Cottage in Lake George’s Diamond Point, 2-night stay.
Donated by Susan Sommers, Greater Capital Association
Bidding will end, Thursday, June 30 @ 5pm. To bid on either item, visit the RPAC of New York Facebook group.
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.