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Association News

October 2019

NEWS


NAR Core Standards Certification form due
The NAR Core Standards Certification form for the current cycle in New York is due on or before November 15, 2019. Only one local association in New York has been certified as meeting core standards for this cycle. Four local boards have requested that NYSAR staff provide a pre-submission review prior to the AE submitting the compliance form to NAR. One board/association has not opened the compliance form on NAR.realtor for this cycle. Please remember to have the president and president-elect review the form prior to submitting it to NAR.r

If an association does not meet NAR’s core standards, it will be given an opportunity to appear before a hearing panel of the NAR Association Executives Committee to show cause why the association’s charter status as a member board should not be terminated. For more information, click here.

Nominations for the 2019 REALTORS® Honor Society are open
The REALTORS® Honor Society recognizes local board/association members for their REALTOR® association involvement during the 2018 elective year. This form can be reproduced to submit as many nominees as your board/association desires. The basis for this program remains the same as in previous years, i.e., the Honor Society Report Form must be completed and signed by an officer or executive officer of the board/association. The forms are then sent to NYSAR for verification and approval. Upon approval for the award, the pin and certificate are sent to the local board/association along with a bill for the same. The cost of the certificates and pins will be $10.00 (plus tax) per Honor Society member selected. The board will be billed when pins and certificates are sent. Please return the completed form(s) to Patrick Reilly,  NYSAR, 130 Washington  Avenue, Albany, NY 12210-2298 or as a pdf attachment to cderocher@nysar.com. For the REALTOR® Honor Society point chart, click here.

NAR 2019 REALTORS® Conference & Expo
The Delegate Body meeting scheduled for Monday, November 11 during the National Association of REALTORS® 2019 REALTORS® Conference & Expo in San Francisco, California has been canceled. With no proposed amendments to the NAR Constitution or the NAR Code of Ethics, there is no business to be brought before the delegates. Each local board/association president is a delegate, or if the president is not attending, another member may be designated as the alternate.

UPCOMING EVENTS


Take advantage of FREE Triple Play registration and bring your staff!
Triple Play registration is FREE for all association executives and staff. It’s a great opportunity for you to attend the Leadership Luncheon with your team, hear from some rising stars and old favorites in the real estate industry, and meet with more than 325 vendors in the two-day Trade Expo! Plus, Wednesday, is your day with these sessions designed just for you:

  • Perception & Reality-Composing Your Leadership’s Perfect Year with Maura Neill,
  • Freddie Mac’s Affordable Housing Initiative-Educating REALTORS® on affordable housing resources, and
  • NAR Community Outreach Grants-What’s Available, How to Apply and How to Use Them.

Don’t miss out on this valuable opportunity and join your leadership team at the great events planned this year! For more information and to register, click here.

GOVERNMENT AFFAIRS


Federal judge dismisses NY lawsuit challenging SALT cap
A federal judge dismissed a lawsuit filed by New York and three other states on Oct. 14, which argued that the $10,000 cap on state and local tax (SALT) deductions were unconstitutional. Gov. Andrew Cuomo stated that New York would consider an appeal. Learn more.

NAR spotlights guidance on flood insurance and disclosures
Flood-related disclosures can generate legal and ethical questions. REALTORS® are also reminded that flooding is a material fact to a real estate transaction, and failure to disclose flood damage can result in liability. NAR Associate Counsel Deanne Rymarowicz answers these questions and more in this month’s Window to the Law video. NAR’s state by state flood disclosure survey can be found here.

DOS proposes updated rule for advertisements not listed with a broker
The Department of State published an updated rule regarding advertisements not listed with a broker. The proposed rule clarifies the requirements around the use of third-party advertising by a broker, including when such advertisement references property subject to an exclusive listing agreement with another broker. The rule is subject to a 60-day comment period. The final adopted rule will not be published until January or February of 2020 and will take effect 180 days after the final publication. You may view the text of the rule here. REALTORS® may comment on the proposed rule by contacting the Department of State at david.mossberg@dos.ny.gov.

October RPAC auction item- Two Nights at Lake Placid’s Mirror Lake Inn
Enjoy a two-night stay at the legendary Mirror Lake Inn in Lake Placid! Includes lodging, tax, gratuities, and breakfast for two each morning. Bidding ends October 30. To bid, visit the RPAC of New York Facebook group or contact Derick.

2019 Local Board RPAC Events on the Calendar
Local boards continue to host a multitude of creative and interactive events, the October/November calendar includes a RPAC Mixer/Auction and a Theater NIght. As a reminder, the 2019 RPAC fundraising year will close on Friday, November 29. To view the RPAC event calendar, 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 percent 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 percent 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.