Nov 1

NYSAR supported amendment to continuing education requirements signed into law


  On October 23, Gov. Andrew Cuomo signed into law a NYSAR supported amendment to Real Property Law §441(3)(a).    This amendment eliminates the exemption or “grandfathering” of brokers from having to complete continuing education.   This means that anyone who is grandfathered right now and has a renewal date before July 1, 2021 will have to start acquiring the 22.5 CE credits for your NEXT renewal.  See attached for complete details…  [...]

Aug 14

NYSCAR Industry Update


Rule Advances Association Health Plans    What the Association Health Plan Rule Means for REALTORS®The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of “employer” to include “working owners.” This change allows real estate professionals and other self-employed individuals to participate in association health plans.   Win for Internet Sales Tax Fairness    In a [...]

Aug 14

NAR 2019 Q2 Report


Modest Uptick in Commercial Property Sales and Prices in 2019 Q2 Commercial real estate deals and prices of properties that are typically less than $2.5 million are still rising though at a modest pace, according to NAR’s 2019 Q2 Commercial Real Estate Market Trends & Outlook Report.   Click Here to Continue Reading

May 1

NYS AMC Law Guidance


New York State legislation regulating Appraisal Management Companies (AMC’s) went into effect on Saturday, April 27.  The New York Department of State has issued a guidance document that provides clarification on implementation of new law including: What are AMC’s? What services do they provide? How AMC’s work and who they can hire?   The new law contains language that was being interpreted by lending institutions and AMC’s to restrict their ability to [...]

Apr 15

Effective Immediately: “Lawful Source of Income” is a protected class in New York State


  On April 12, the “Lawful Source of Income Non-Discrimination Act of 2019” was signed into law by Gov. Andrew Cuomo.  The new law is effective immediately and adds “lawful source of income”, as a protected class for the sale or lease of any real property.  This new law impacts the entire state and those areas that currently have lawful source of income laws at the local level. New York City, Nassau, Suffolk, Westchester, Erie, Syracuse, Hamburg, West [...]