| August 31, 2010 Past Issues | Printer Friendly | www.nysar.com | Advertise |
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NYSAR received word today that Gov. David Paterson has signed the NYSAR supported "Advanced Consent to Dual Agency" bill into law. This measure, which goes into effect on January 1, 2011, will provide consumers further agency relationship choices by allowing sellers/landlords and buyers/tenants to approve dual agency prior to the start of the relationship. The legislation also amends the Real Property Law by requiring real estate licensees to disclose their agency relationship with the clients in cooperative apartment and condominium transactions. NYSAR believes this law will provide members with additional protections and flexibility when working with clients. To view the text of the new law, click here. Statewide sales of existing single-family homes in New York State fell by 50 percent in July compared to the record-setting June total, which was bolstered by buyers who closed before the then-June 30 federal homebuyer tax credit deadline. The preliminary single-family sales data accumulated by the New York State Association of REALTORS also showed selling price growth as the July statewide median increased nearly 5 percent from June. New York REALTORS sold 5,697 existing single-family homes in New York State during July 2010, a 50.5-percent decrease compared to the June 2010 sales total of 11,518. The July 2010 sales total was 34.9-percent below the July 2009 total of 8,755. Click here to learn more. The NYSAR Fall Business Meetings will take place at the Hilton Rye Town in Rye Brook, NY, September 12-15, 2010. You still have time to register and attend the event, which will feature committee meetings, a free REBar Camp, the third annual REALTORS Got Talent event and NYSAR's Young Professionals Network (YPN) kickoff event. The NYSAR Technology Forum will take place during the meetings on Tuesday, September 14. This session will be presented by the CEO of Philadelphia's largest CENTURY 21 firm Bill Lublin, CRB, CRS, GRI, CSM, and will cover online reputation management. For more information on the Fall Business Meetings, including a preliminary schedule and registration form, click here. According to Bankrate, Inc.'s annual mortgage survey, New York State now has the highest average closing costs in the nation at $5,623. This number does not include property taxes, the mortgage recording tax or state transfer taxes. Click here to learn more. The NYSAR YPN Chapter was established in March as a component of NYSAR's growing effort to engage a more diverse membership – including under-represented age groups. The goals set forth by NYSAR's YPN Chapter are to: encourage younger members to get involved in NYSAR committees and leadership; provide opportunities for younger REALTORS to network on a state level; identify topics of interest for future education offerings targeted to younger REALTORS; and encourage the awareness of and participation in securing REALTOR interests through RPAC and Calls for Action. Please note: While most members of YPN are under 40, there is no age restriction whatsoever. Any REALTOR who thinks he or she would benefit from membership is welcome to join. Joining NYSAR's YPN Chapter is now easier than ever! Simply fill out this online member information form and hit submit. Click here for more information or to join. Access affordable, comprehensive dental insurance from MetLife The New York State Association of REALTORS is pleased to announce the My NYSAR applications for both the iPhone and Blackberry are now available. The apps make it easy for REALTORS on the go to access the many resources NYSAR has available, right on your smartphone. The iPhone app can be found by searching keyword "NYSAR" in the Apple iTunes store, while the Blackberry app can be downloaded directly from NYSAR.com. For more information on the app and to view download instructions, click here. October 15 marks the final day to make your donation to RPAC for 2010. Each week until that date, NYSAR will feature a different RPAC donor and include their personal reasons for contributing. This week, the spotlight is on RPAC Trustee Chair Harding Mason, a Presidents Club donor.
Click here to read his story. Consistent with a Financial Management Service initiative announced in April, the Internal Revenue Service (IRS) issued proposed regulations that would eliminate the rules for making federal tax deposits by paper coupon, as the coupon system will no longer be maintained by the Treasury Department after December 31, 2010. The regulations generally maintain existing rules for depositing federal taxes through the Electronic Federal Tax Payment System (EFTPS). Deposits can be made online or by telephone. EFTPS also significantly reduces payment-related errors that could result in a penalty. For more information on EFTPS, click here. To read the proposed regulations from the IRS, click here.The New York State Department of State, Division of Licensing Services has posted new cease and desist lists based on the emergency rule reinstating certain cease-and-desist zones that had previously expired. The new cease and desist lists went into effect on August 1, 2010. To view the lists on the DOS website, click here. |
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