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Broker Report

January 2021

News

NYSAR 2021 Mid-Winter Business Meetings
Registration is open for the 2021 Mid-Winter Business Meetings, which will be held virtually from January 25 through February 12. Register now!
To browse the full schedule and highlighted events, click here!

NYSAR Safety Minute video
Each month, NYSAR will reveal a “Safety Minute” video featuring 2021 NYSAR President David Legaz. These informational videos are designed to inform and instruct REALTORS® how to practice real estate safely. To watch the January 2021 video, click here!

NYSAR Fair Housing webpage
For information, guidance and helpful tools regarding fair housing, visit NYSAR’s dedicated fair housing webpage. It is updated regularly, so check back often. Learn more! 

2021 Code of Ethics & Arbitration Manual
The 2021 Code of Ethics & Arbitration Manual is available in PDF and Word. To download it, click here.

Across the Association
Learn more about the 2021 NYSAR Virtual Mid-Winter Business Meetings, the NSYAR FREE Legal Update course, NYSAR’s newest Member Perk and more in the latest Across the Association video. Watch now!

Final MyFloodStatus January webinar
MyFloodStatus is hosting one more FREE webinar on Thursday, January 21 at 9:30 a.m. entitled, “Accurate Flood Zone Determinations: What You Need to Know.” Learn about accurate flood zone determinations and how they help REALTORS® eliminate risk of liability, reduce flood insurance premiums for homeowners, buyers and sellers, and more. Register now!

FREE Taxbot webinar
As a real estate professional, you have a whole list of tax deductions available to you – ones that most people can’t claim​​​​​​​. Learn more during the FREE Taxbot webinar, “10 Tax Tips for Real Estate Professionals” on Thursday, Jan. 28 at 12 p.m. Register now!

Education

New Free Education Membership Benefit 
NYSAR’s REAL program, which stands for Rise, Explore, Achieve, Lead, is a FREE educational resource page to help grow your personal and professional skills. REAL is a program that will offer quarterly educational resources on a variety of topics. The lessons each quarter will be quick, just enough to give you a taste of the topic, with additional recommended resources to keep learning. To learn more about NYSAR’s REAL Program, click here!

NYS Real Estate License Law Changes Impact You 
Any real estate licensee renewing their license on or after July 1, 2021 is required to have completed 22.5 hours of continuing education (CE) credit.
This requirement includes:
•             1 hour on agency
•             2.5 hours on ethical business practices
•             3 hours on fair housing law
•             1 hour on recent legal matters
And this applies to you – even if you were exempt from CE before.

You can satisfy your license renewal requirements by taking broker/manager-focused education from top-notch instructors. And you can do it all without leaving your home or office. All sessions are offered via live broadcast on Zoom.

MANAGING RISK WITH YOUR POLICY MANUAL* 3 hours CE credit: 1–4 pm NYSAR Member Price: $50 Offered on Thursday, February 18 and Wednesday, April 28.

FAIR HOUSING REALITY CHECK* 3 hours CE credit: 1–4 pm NYSAR Member Price: $50. Offered on Wednesday, March 17 and Wednesday, May 26.

ETHICAL & AGENCY ISSUES* 3.5 hours CE credit: 1–4:30 pm NYSAR Member Price: $50. Offered on Thursday, April 8 and Wednesday, June 9.
*Taught by Roseann Farrow, REALTOR® Emeritus, ABR, CIPS, CRB, e-PRO, GREEN, GRI, RSPS, SRES.

MONTHLY LEGAL UPDATE 1 hour CE credit: 10–11 am FREE to NYSAR Members. Offered on Wednesday, February 17, Thursday, March 11, Wednesday, April 14, Friday, May 14, Monday, June 28, Monday, July 26, Monday, August 16, Monday, September 13, Wednesday, October 20, Thursday, November 18, and Tuesday, December 14. This course is taught by a NYSAR Attorney.

Take all of these courses and earn 10.5 hours of CE credit. Then select from NYSAR’s prestigious designation courses to complete your 22.5 hours for license renewal.

Government Affairs

NYSAR’s Legislative Policy Forum
State Senator Michelle Hinchey will be a guest speaker at NYSAR’s upcoming Legislative Policy Forum on Wednesday, February 10 at 9 a.m. during this year’s Virtual Mid-Winter Business Meetings. Zack Rubin-McCarry, NAR’s field representative for our state, will also provide an update on federal legislative and political issues. For more information and to register for NYSAR’s Business Meetings, click here.

Governor Cuomo delivers annual State of the State Address
This week, Governor Andrew Cuomo delivered his 11th State of the State address, which was held remotely and divided into four different speeches over the course of four days. During his address, Governor Cuomo laid the groundwork for his 2021 agenda, including a focus on ending the pandemic, addressing the state’s largest deficit in history, and implementing a plan to recover the economy and safely reopen businesses. New York currently faces a $15 billion budget gap, which Governor Cuomo is expected to address in his executive budget proposal due by January19. The governor also announced that he will seek to codify his executive order banning penalties and fees for late or missed rent payments through May 1, 2021 and will extend the state’s moratorium on commercial evictions through May 1, 2021. He will also propose legislation to create a five-year period during which property owners in New York City may convert vacant commercial space to residential use and affordable housing. You can watch the governor’s address and read more by clicking here.

Property Tax increases capped at 1.23 percent
State Comptroller Thomas DiNapoli announced that property tax increases will be capped at 1.23 percent in the coming fiscal year. The tax cap falls under 2 percent for the second consecutive year. Learn more.

NAR Summary of federal COVID-19 relief package
On December 21, 2020, Congress passed a $900 billion coronavirus relief bill that contained a number of priorities championed by NAR, including rental assistance, a new round of funding and simplified forgiveness for the Small Business Administration (SBA) loans, and more direct payments to Americans. For a full summary of provisions impacting REALTORS®, click here.

RPAC

2021 RPAC of New York Goals
NAR has announced the 2021 RPAC Fundraising & Participation goals for the states across the country.
New York’s 2021 RPAC fundraising goal will be over $1.3 million and our participation goal will be 20,930 or 35 percent of our statewide membership. To view the board by board breakdown of the 2021 RPAC goals, click here.

RPAC of NY presents: “A Grimm Escape”  fundraiser
Join in on an interactive virtual fantasy adventure fundraiser for RPAC of New York on Tuesday, February 2 from 5 – 6:30  p.m. as part of the 2021 NYSAR Virtual Mid-Winter Business Meetings.
You’ll be trapped in an enchanted forest and must find out how to escape before time is up. Your only way home is to collaborate in teams to examine clues, solve puzzles and create a charm that breaks a witch’s spell in time for an escape. Curious images, a mysterious oracle, and woodland creatures will secure your troupe’s fate in this Brothers Grimm inspired tale.
Pre-registration and pre-payment are required ($50 RPAC investment) and there is a maximum capacity of 150 attendees. To register, click here!

RPAC Awards to be announced at the 2021 NYSAR Virtual Mid-Winter Business Meetings
When registering for the 2021 NYSAR Virtual Mid-Winter Business Meetings, be sure to add the General Session on Tuesday, February 9 at 1 p.m. to your Meeting Planner!
RPAC Awards will be announced during the General Session, including 2020 local board achievement awards, RPAC of New York Hall of Fame induction and the prestigious Lawrence B. Caldwell RPAC Service Award.

January Auction Item – Kate Spade Bag 
Kick off the New Year in style with a classic, designer Kate Spade bag! The classic Kate Spade bag is now live on the RPAC Auction block. Bidding will end at 5 p.m. on Friday, January 29. To place a bid visit the RPAC of New York Facebook page.

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.