2013 legislative session comes to an end

The 2013 legislative session officially came to an end on Saturday, June 22. Due to the active support and involvement of countless REALTORS from across the state, NYSAR successfully accomplished several of its legislative priorities this year including the introduction by both the Senate and Assembly of two NYSAR supported bills. The first will codify the ability of brokers to offer rebates and incentives to buyers and sellers and tenants and landlords, while the second defines "teams" under the Real Property Law and requires brokers to register team names with the Department of State. NYSAR also successfully defeated legislation that would have increased the statewide transfer tax by two percent and was able to prevent any increase to the statewide mortgage recording tax.

Most importantly, NYSAR was able to prevent the passage of all legislation that would have negatively impacted REALTORS. To read the full session overview, click here.