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E-News Weekly

May 25, 2024

NAR LAWSUIT SETTLEMENT UPDATES

Visit the National Association of REALTORS® The Facts for REALTORS® to view a summary of MLS Policy Changes, a settlement agreement and overview, and much more by clicking here.

Updated NAR Litigation and FAQs
For all NAR resources relating to the antitrust settlement and FAQ’s for New York REALTORS®, visit NYSAR’s dedicated Antitrust Lawsuit Resources webpage by clicking here.

REALTOR® NEWS

FREE mediation and Ombudsman training
NYSAR is hosting FREE mediation and Ombudsman training in June for members who would like to become locally and state certified. Training will be held at the Crowne Plaza Albany – Desmond Hotel. Training is June 17 & 18 from 9 a.m.-5 p.m. both days. To learn more and register, click here!

April 2024 NYS Housing Market Report
“Home sales and new listings showed new life, rising across the Empire State in April, despite mortgage rates exceeding seven percent for the first time this year.”
To read the full April 2024 NYS Housing Market Report, click here.
To watch “The Skinny” video for an easy-to-understand overview of the market, click here.

Diversity, Equity, & Inclusion (DEI) Summit
A two-day Diversity, Equity, & Inclusion (DEI) Summit, co-hosted by seven REALTOR® associations, including NYSAR, will be held June 3-4 at the Newark Liberty International Airport Marriott. Explore your understanding of DEI within your personal and professional career, review the correlation between fair housing and DEI, how DEI makes business sense, and the implicit biases that continue to plague the real estate industry.
To register and learn more, click here!

NYSAR Awards nominations open
Nominations are being accepted until July 26 for the following awards: REALTOR® of the Year, Community Service,  Alan Yassky Distinguished Service, and REALTOR® Honor Society.
For more information about each award and application information, click here!

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

May 31, 2024 | 9:00 AM to 12:00 PM

Tips to Prevent an Appraisal Fire Storm (Elective Class)
Appraisal CE Hours: 3 ; Real Estate CE Hours: 3| Instructor: Rebecca Jones
Members: $50

  • Gain a better understanding of the appraisal process including broker price opinions (BPOs).
  • Learn what type of communication is permitted by law between real estate agents and appraisers.
  • Review the most comprehensive valuation products being used in the mortgage process.
  • How Appraisers can stay in compliance with USPAP
  • Identify the six elements of problem solving an appraisal assignment.
  • Learn about Reconsideration of Value (ROV)
  • Developing a plan to prevent delays in the mortgage process.

Register now!

June 3, 2024 | 2:00 PM to 4:00 PM

Instructor Development Class: Elevate Your Real Estate Instruction
Instructor: Robert Morris

Members: Free | No CE for this Class
Gain inspiration in your quest to become a dynamic presenter and educator. Join us for a free class with renowned facilitator/educator, Robert Morris, a certified REBI instructor who also teaches for REBAC, NAR and WCR. Learn about:

  • Strategies for delivering engaging content through interaction and engagement.
  • Tools to foster active learning and evaluate teaching techniques.
  • The importance of ethical conduct and legal compliance in real estate education.
  • Ways to enhance your effectiveness and student satisfaction using personalized action plans.

Register now!

June 3-4, 2024 | 9:00 AM to 1:00 PM

CIPS: Global Real Estate-Local Markets (Certified International Property Specialist Required Core Designation Class)
Hours: 7.5; 2 in Cultural Competency | Instructor: Linda Lugo

Members: $150
Foreign buyers invested more than $53.3 billion in residential real estate in the U.S. from April 2022 – March 2023, paying more on average than the overall U.S. median price with 42% of sales all-cash.

Globalize your business without leaving your office:

  • Learn how the global economy shapes your market.
  • Discuss cultural literacy for business.
  • Service the global market locally by adapting your core real estate skills.
  • Connect and network virtually.
  • Review best practices for receiving and making referrals.
  • Consider purposeful travel, expat programs, expos, trade missions.
  • Do a social media audit and explore how to promote a property globally.

Register now!

June 5-6, 2024 | 9:00 AM to 1:00 PM
GRI-3: Agency
* (Graduate, REALTOR® Institute Designation Class)
Hours: 7.5, 2 in Agency | Instructor: Al Fazio, 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!

June 7, 2024 | 10:00 AM to 12:00 PM

Solar Panels and their Effect on a Transaction (Elective Class)
Hours: 2 | Instructor: Christina Mathieson-Segura
Members: $30

  • Why and how do homeowners choose solar?
  • What’s necessary to represent clients when they buy or sell a solar-powered home?
  • Is the system on the building leased?
  • Is there a power purchase agreement in place?
  • How does the system affect the appraisal?
  • What do you do if there is a lien on the property because of the panels?
  • What if the new buyer doesn’t want the panels?

Register now!

FREE Monthly Legal Updates
NYSAR hosts FREE monthly legal updates via Zoom that are available for 1 hour of CE credit, which satisfies the CE requirement for training on legal matters. CE credit is available on a first-come, first-served basis, but the updates will also be live-streamed (for non-CE credit) to watch. These updates are recorded and posted to NYSAR.com for viewing on your schedule. To register for the upcoming Legal Update on June 11click here. To watch a recording of the latest Legal Update, click here.

NYSREEF Scholarship deadline approaching
The deadline for the next round of New York State Real Estate Education Foundation (NYSREEF) Education scholarship applications is July 31, 2024, for awards to be granted in October 2024. You must be licensed one year or longer to apply. For application information, click here!

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

Register to attend the rally at New York City Hall on June 12 to oppose restrictions on rental broker fees
REALTORS® living and working in New York City are rallying at New York City Hall at 9 a.m. on Wednesday, June 12, 2024 to oppose Int. 360, which would prohibit real estate brokers and agents of a landlord from collecting a broker’s fee from a renter.  To attend this rally at City Hall (City Hall Park, New York, NY 10007), please register by clicking here.

Veterans Affairs signals temporary suspension of buyer agent payment ban
The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rule-making process. NAR submitted a letter to the VA in late March urging a policy change to ensure Veterans maintain their access to the VA home loan program, which has been a significant tool in helping service members achieve homeownership. Learn more.

Concerns over reliability of NY’s electrical grid as summer nears
The New York Independent System Operator (NYISO) released a report Friday saying that more than 40,700 megawatts of power sources are available to meet an estimated 33,300 megawatts of peak demand, which measures the average total demand for a one-hour period.
NYISO, a not-for-profit corporation that manages the state’s electrical grid and marketplace, said reliability margins, which measure the electrical grid’s “insurance policy” of extra power to be used during periods of high demand or unforeseen circumstances, are continuing to shrink. Learn more.

Challenge to NYC’s Building Emissions Law (Local Law 97) Reinstated by Court
A panel of judges from the State Appellate Division’s First Judicial Department on May 16 reinstated a lawsuit filed by a small coalition of co-op and building owners challenging New York City’s building emissions law, Local Law 97. The judges’ decision modifies a November 2023 State Supreme Court ruling from the State Supreme Court that had dismissed the suit. In reversing the dismissal of one of the claims, the judges panel ruled that the state’s Climate Leadership and Community Protection Act may preempt the City’s Local Law 97. Learn more.

Member Perks

Ensure you’re receiving every tax deduction you’re legally entitled to, so you pay as little in taxes as possible with MidasIQ. Learn more!

RPAC

Greater Capital Association of REALTORS® raise $5276
Congratulations to the Greater Capital Association of REALTORS® on raising $5276 for RPAC during their legendary RPAC bowling night featuring food, fun and friendly competition. Thank you to those who planned this event and to all the attendees for the generous support, great job GCAR!

RPAC of New York’s Spring Fundraising Season is heating up
Despite the recent April winter storm, the spring fundraising season remains hot across New York with RPAC Happy Hours and a couple RPAC bowling events on the calendar with additional exciting events in the works, including a sunset cruise, virtual wine tasting and more!

New RPAC Merch for 2024: Soft Cooler Tote Bag
Cost: $25 RPAC Investment
Our 2024 signature RPAC item is a Soft Cooler Tote bag in Black. The bag is insulated, features a zippered main compartment, front pocket, handy adjustable shoulder strap and padded carrying handle. Perfect for the beach, pool, picnic and more. Size:12 ½” W x 9″ H x 6 ½” D
To order your Soft Cooler Tote, 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!

May Auction Item – Greenworks Electric Lawnmower
The spring growing season is underway, time to fire up that lawnmower! The Greenworks Electric Mower is cordless and includes a battery and charger. The 24V battery provides up to 35 minutes of mowing. Ultra-lightweight (only 18 lbs), portable and easy to store.

Bidding will end, Friday, May 31 at 5 p.m.

To bid, visit the RPAC of New York Facebook group.

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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.