E-News Weekly

September 14, 2024

NAR LAWSUIT SETTLEMENT UPDATES

NYSAR Guide to complying with the NAR Antitrust Settlement
As of August 17, 2024, all MLSs that have opted-in to the NAR settlement agreement for the Sitzer/Burnett lawsuit will need to implement new policies that are applicable to all participants of the MLS. NYSAR has a dedicated webpage to assist our members on how to fully comply with the NAR settlement agreement terms, including specific questions pertaining to New York State REALTORS®. For more information, click here.

Model statewide forms and tutorial videos available

NYSAR has updated a few of our model statewide forms and instructional videos for your use:

Exclusive Right to Sell
Non-Exclusive Buyer Agency Compensation Agreement
Exclusive Buyer Agency Compensation Agreement

To view these model forms, along with other compliant model forms and tutorial videos on how to fill out and use the new forms, click here.

The National Association of REALTORS® is offering new resources for members and their clients to help them navigate the practice changes.

The first in this series is a one-page, consumer-friendly guide on written buyer agreements: what they are, why consumers will be asked to sign them, and how they help create clarity and transparency at the start of a relationship between a buyer and their real estate professional. The resource, which is designed to be given directly to consumers during these discussions, can be downloaded here.

The National Association of REALTORS® has developed a wide range of resources to navigate the practice changes for members and the consumers you serve.

All resources are available on facts.realtor and include:

NAR new “Consumer Guide” series

NAR has launched two new resources in their “Consumer Guide” series that explain open houses, written agreements and what it means for a REALTOR® to act in their client’s best interest.

REALTOR^® NEWS

Registration is OPEN for the 2024 NYSAR “Elevate Your Profession” Fall Business Meetings
Select committee meetings will be held virtually via Zoom September 16-20, 2024 and in-person meetings, including the NYSAR Board of Directors meeting, will be held September 29-October 2, 2024 at Turning Stone Resort Casino in Verona, NY. To view the virtual and in-person schedule, book a hotel room, sign up for the meetings and special events, click here.

REALTORS® Triple Play

Early bird registration for REALTORS® Triple Play is open! Join us December 9-12 in Atlantic City, NJ for education, a trade expo, networking, and more.

National Association of REALTORS® Good Neighbor Awards

Congratulations to Daniel Davies of the Southern Adirondack REALTORS®, who is a 2024 NAR Good Neighbor Award finalist! Voting is open until October 2.

NYSAR Leadership Academy applications open

The NYSAR Leadership Academy identifies, educates, and inspires future leaders in a professional, supportive environment. Applications are being accepted until October 11.

Cold Calling Still Prohibited in New York
Real estate licensees may not make any unsolicited phone calls to a member of the public during a State of Emergency. General Business Law §399-z(5)(a) states, “It shall be unlawful for any telemarketer doing business in this state to knowingly make an unsolicited telemarketing sales call to any person in a county, city, town or village under a declared state of emergency or disaster emergency as described in sections twenty-four or twenty-eight of the executive law.” All other types of marketing such as mailers, billboards, social media, internet etc., are permitted. You may call a FSBO if you have an identifiable purchaser interested in the property. You are prohibited from calling the FSBO to solicit the listing. You may still perform business to business calls so long as you are calling the number provided as the business number. NYSAR is monitoring all of the current Executive Orders declaring a State of Emergency. To view the States of Emergency that are still in effect, click here.

Education

September 17-18, 2024 | 9:00 AM to 1:00 PM
GRI-3: Agency* (Graduate, REALTOR® Institute Designation Class)
Hours: 7.5, 2 in Agency | Instructor: Neil B. Garfinkel, Esq.
Members: $125

Gain a clear understanding of agency practice and policy issues.
Discuss agency disclosure and other types of disclosures required by state and federal law.
Learn how to comply with New York State’s Advertising Regulations and with NAR’s Code of Ethics in all advertising.
Find out what you can and can’t do from a practicing real estate attorney using real-life scenarios and cases.

Register now!

September 19-20, 2024 | 9:00 AM to 1:00 PM
GRI-7: Property* (Graduate, REALTOR® Institute Designation Class)
Hours: 7.5 | Instructor: Roseann Farrow
Members: $125

Learn about the myriad factors affecting property values and much more:

Preparing a CMA – identifying factors that could affect CMAs, including pocket listings and MLS rules.
RPR, valuation tools and analytics.
Review rules for mortgage loan underwriting and lender requirements.
Appraisals, inspections, and their impacts on lending.
How land use planning, zoning and land use restrictions impact new construction.
Discuss energy efficiency and environmental issues.
Environmental hazards and the agent’s responsibilities and liabilities as it relates to them.

Register now!

September 23-24, 2024 | 9:00 AM to 1:00 PM

Resort and Second Property Specialist – RSPS (Certification Course)
Hours: 7.5 | Instructor: Jerry Cibulski

Members: $150

Explore the essentials of buying, selling, and managing resort properties and second homes for recreation, investment and development with award-winning REALTOR®, Instructor Jerry Cibulski, who specializes in luxury properties in the North Fork of Long Island.

Use market statistics and trends to develop a business plan.
Help clients evaluate and select the type of property, forms of ownership, and financing options.
Identify strategies for building a rental property business or assessing the investment value of property.
Understand the IRS guidelines for tax treatment of second-home vacation and investment properties.
Increase your business with unique marketing.
Approved ABR Designation Elective Course.

Register Now!

Buyer Representation: The Essential Guide (Elective Class)
October 6, 2024 | 9 AM to 12 PM
Hours: 3.0; 1 in Agency | Instructor: Randy Templeman
Members: $50

GRI-8: Technology* (Graduate, REALTOR® Institute Designation Class)

October 10-11, 2024 | 9 AM to 1 PM

Hours: 7.5 | Instructor: Ifoma Pierre

Members: $125

As a reminder, active REALTORS^® who have earned 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.

View the full Zoom Education Calendar

Government Affairs

Guest Speakers announced for NYSAR’s Fall Business Meetings

NYSAR is pleased to announce this year’s guest speaker at the Fall Business Meetings General Session at Turning Stone Resort Casino on Monday, September 30 will be Senior Editor & Elections Analyst for The Cook Political Report, David Wasserman. Wasserman is recognized as one of the nation’s top election forecasters and is a contributor to NBC News and has appeared on C-SPAN, CNN, Fox News and NPR.

Additionally, NYSAR’s Legislative Policy Forum on Monday, September 30, will feature guest speaker Onondaga County Executive Ryan McMahon. County Executive McMahon has held the office since being elected in 2018. Most recently, he was a featured speaker at Governor Hochul’s Future Energy Economy Summit held in Syracuse on September 5.

NYSAR Legislative Virtual Meetings Schedule

NYSAR’s Fall Business Meetings virtual schedule of meetings dealing with state, local, and federal legislative matters is as follows:

Monday, September 16

Commercial Issues Working Group – 10:00 – 11:00 a.m.
NYC Issues Working Group – 1:00 –2:00 p.m.
Co-Op Issues Working Group – 3:00 – 4:00 p.m.

Tuesday, September 17

Federal Political Coordinator Update – 9:30 – 10:30 a.m.
State Political Coordinator Update – 11:00 a.m. – 12:00 p.m.

Gov. Hochul convenes Energy Summit and Energy Planning Board

On September 5, Gov. Kathy Hochul convened the “Future Energy Economy Summit” in Syracuse in order to outline next steps to address New York’s growing energy demand and advance clean energy technologies. Among the goals of the summit included the need to build out the state’s renewable energy grid and solicit industry feedback on a new draft Advanced Nuclear Technologies Blueprint, which is expected to be finalized by the end of the year. Additionally, on August 29, Gov. Hochul announced a convening of the State Energy Planning Board to update New York’s comprehensive State Energy Plan, in which a draft scope plan is expected by its September 9 meeting. The public will have 60 days to provide written comment on the draft scope and learn more about the issue.

Member Perk

Pearl Insurance offers the latest and most important errors and omissions (E&O) insurance coverage options for real estate professionals. Click the link or call an E&O specialist at 855.465.0200 for more information.

RPAC

Call for Auction items to be featured during RPAC Karaoke at Turning Stone
Live and silent auction items will be featured at the RPAC Karaoke Night fundraiser during theNYSAR Fall Meetings at Turning Stone on Monday, September 30. If local boards or individual members would like to donate auction items, contact Derick King at [email protected] or 518-463-0300 x 238with a description of the item and the value by Monday, September16. Please also complete the RPAC in-kind donation form for your auction item donation. Local boards and individual members will receive RPAC credit worth the market value of the auction item donations.

RPAC of New York’s Summer/Fall Fundraising Season is Still Hot
The summer/fall fundraising season is still hot across New York with Columbia Greene’s Happy Hour, LIBOR’s Brews on the Battleground – 2024 election preview, a Meatball Brawl in Buffalo and Mum Sales at the Otsego Delaware Board of REALTORS® on the calendar with additional exciting events in the works, including GCAR’s RPAC Lounge and more HGAR Happy Hour gatherings!

What has RPAC done for you lately?
The 2024 legislative session has concluded in Albany with a host of REALTOR^® victories. To take a look at how RPAC and the REALTOR^® advocacy efforts benefited our membership, click here.

NAR Video Series shows the power of REALTOR^® Advocacy
For 100+ years, the National Association of REALTORS^® has been a champion for homeownership and private property rights in America. Hear from NAR’s Chief Advocacy Officer Shannon McGahn on how we’re advancing public policies and candidates that build strong communities, increase access to homeownership, and protect private property rights. Learn more!

September Auction Item

View your favorite movies, tv shows or presentations on the Portable HD Projector with bluetooth and Wi-Fi capabilities. It’s compatible with your phone, HDMI, USB, stick or other devices. It includes a screen and is perfect for indoor or outdoor movies. Bidding will end on Friday, September 27 at 5 p.m. Bid now!

Get all of the latest news at www.nysar.com. You are receiving this information as a member of the New York State Association of REALTORS^®. NYSAR occasionally sends information regarding association programs and services as well as industry news to its membership. Manage your NYSAR email subscriptions. Unsubscribe from ALL NYSAR emails.

New York State Association of REALTORS^®, 130 Washington Ave., Albany, NY 12210 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. 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.