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Broker Report

June 2020

News

NYSAR Awards application extended to July 10
Applications for the NYSAR REALTOR® of the Year, Community Service and NEW Alan Yassky Distinguished Service awards have been extended to July 10. For more information or to nominate someone for an award, click here!

June is National Homeownership Month
June marks National Homeownership Month! Celebrate by making a donation to the NYSAR Housing Opportunities Foundation, which will go towards their First-time Homebuyer Grant Program. Everyone who donates in the month of June will be entered to win a $25 American Express gift card. To donate, click here!

NYSAR FAQ page featuring Phase 2 reopening information
NYSAR has developed a FAQ page specifically addressing questions REALTORS® may have related to the opening of Phase 2 in parts of New York.  To visit the Phase 2 FAQ page, click here.
For NYSAR’s guidance for real estate activity in Phase 2, click here.

NEW Fair Housing regulations effective June 20
The new Fair Housing regulations, which go into effect on June 20, will have an impact on real estate related activities. The regulations are divided into three sections, Housing and Anti-Discrimination Disclosure Form, Fair Housing Notice and video and audio recording of all Fair Housing continuing education courses.  For guidance on how to comply with each section, click here.

Education

NYSREEF scholarship deadline fast approaching
The New York State Real Estate Education Foundation provides scholarships for national designation courses to active REALTORS practicing full-time in New York State. The deadline to apply is July 31. Scholarships are awarded in October. For more information, please visit NYSREEF.org.

Updates to Education FAQ for Licensing and Education FAQs on the COVID-19 Resource page
If you haven’t visited our FAQ page lately, stop by and see the updates and new information from DOS by clicking here.

NYSAR Instructor Training Institute to be held July 21-23 via Zoom
Join facilitators Roseann Farrow and Jeremias “JMan” Maneiro as they challenge you to take your skills to a whole new level in NYSAR’s Instructor Training Institute. Thee course is for those who are currently real estate instructors, wish to become real estate instructors, serve as sales managers, team leaders or coaches, or just want to communicate with others in a more meaningful way. For more information, click here!

Recording of broker webinar available
If you missed Coni Meyers’ webinar, “Resilience Post COVID-19” on June 16 for brokers, a recording is available. Coni discussed how to safely reopen, build a resilient mindset and communication, effective leadership post COVID-19 and more. To view the webinar recording, send an email to [email protected]

NYSAR education courses offered through Zoom
NYSAR is offering a number of national designation classes through Zoom Webinar at dramatically reduced rates for members. Registration can be completed by logging into the NYSAR Member Portal on NYSAR.com.

Upcoming Events

Friday Business Insider – Mastery Webinar Series

NYSAR is offering a series of FREE webinars. The webinar links will be posted on our Facebook and Twitter pages the week of the webinar. If you’re not able to attend the live webinar, a recording of each program will be available here.

  • Friday, June 26 at 1 p.m. – “Double Your Business in One Year”

Want to double your business in one year? Shay Hata will show you how in four years as a new agent she went from $130K in sales in her first year to $7 million in the second year, $15 million in the third year and $25 million in the fourth year in a brand new city where she didn’t know a single person –  without cold calling or working expired listings. If Shay can do it, so can you and this class will teach you exactly how!

  • Friday, July 10 at 1 p.m. – “How To Win The Listing Every Time”

Winning a silver medal in most sports is an honor but taking second place in real estate gets you nothing.
Unfortunately, many agents and brokers are relying on tactics from 20 years ago to win listings today and their potential sellers see right through it. Jared James will break down the exact phrases and strategies to use to get your potential sellers off the fence and working with you.

Government Affairs

Following NYSAR action – Brokers allowed to continue collecting commissions as a landlord’s agent
The office of New York Attorney General Letitia James requested, and was granted, an extension of the temporary restraining order that NYSAR and others filed in response to the guidance from the Department of State asserting that a landlord’s agent was prohibited from collecting a broker fee/commission. With the extension granted, landlord’s agents are permitted to continue collecting commissions from a tenant until at least September 11, 2020. NYSAR will advise its members of any developments moving forward.

New statewide fair housing requirements go into effect June 20
New fair housing regulations that were adopted by the Department of State go into effect June 20. Every licensee must provide a new fair housing disclosure form to clients, a new fair housing notice is required to be posted in every broker’s office, and video and audio recording of every fair housing continuing education class is now required.
A copy of the Fair Housing and Anti-Discrimination Form (HADF) can be found HERE.
A copy of the Fair Housing Notice for posting can be found HERE.
A copy of the Fair Housing CE Recording regulation can be found HERE.

Federal government relaxes PPP rules, creates EZ application form
On June 5, President Donald Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) to address concerns expressed by small businesses regarding the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief. The Department of Treasury also published a revised full forgiveness application and a new EZ version of the forgiveness application. The new law:

  • Extends the PPP program through the end of this year. The application deadline remains June 30;
  • Increases the amount of time borrowers have to use their loans from 8 to 24-weeks (borrowers who use it in 8 will not be penalized);
  • Decreases the mandatory payroll amount of the loan from 75% to 60%;
  • Extends the forbearance period for a PPP loan from six-months to a year;
  • Extends the re-hire exemption for businesses from June 30 to December 31.

For up-to-date COVID resources, visit https://nysarcovidupdates.com.

Vote in State and Federal Primary Elections on June 23
State and federal Primary Elections will be held June 23. Gov. Andrew Cuomo’s executive order requires county Boards of Elections to mail absentee ballot applications to all eligible voters in the state for the June 23 elections. A full list of primary candidates and districts they are running in can be found on the State Board of Elections website here.

RPAC

June RPAC auction item – All New Ring Video Doorbell (V2)
Monitor your home with the all new Version 2, Ring Video doorbell with 1080p HD Video, crisp night vision, real time notification, adjustable motion zones and more! See, hear and speak to visitors from your phone, iPad, Alexa enabled devices and more. Bidding will end at 5 p.m. on Tuesday, June 30.
To bid, visit the RPAC of New York Facebook group or contact Derick King at 518-463-0300 x238 or by email at [email protected].

Flash Auction Item – Digital Thermometer
Safely check coworkers and family members for a fever with this non-contact, high speed digital thermometer. Bidding will close at 5 p.m. on Monday, June 22.
To bid, visit the RPAC of New York Facebook group or contact Derick King at 518-463-0300 x238 or by email at [email protected].

2020 RPAC Fundraising & Participation Update
As of May 31, RPAC of New York has raised $427,250 reflecting 34% toward our 2020 fundraising goal of $1.2 million. In terms of participation, 8,905 members have invested in RPAC, representing 42% toward our 2020 Participation Goal of 21,148. These figures represent 15% of NYSAR’s total membership as invested in RPAC to date.
To view RPAC fundraising and participation totals organized by region, click here.
To view board by board Local Revenue Sharing (LRS) figures, 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.