HANFRA Members
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HANFRA - Hamptons & North Fork REALTORS® Association members are available to help you buy or sell real estate on Long Island, across the East End  - The Hamptons & North Fork and Shelter Island. 
 


    

FAQ - Frequently Asked Questions
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Frequently Asked Questions

 

WHAT is a REALTOR®? 


There are approximately 3.8 million licensed real estate professionals in the United States, but only members of the NATIONAL ASSOCIATION OF REALTORS® can call themselves REALTORS®.

Approximately 950,000 real estate professionals have taken the additional step to join NAR, The Voice for Real Estate. When choosing a real estate professional, look for the registered trademark, REALTOR®.

Unlike real estate practitioners who are simply licensed by their state to do business, REALTORS® are members of NAR and subscribe to the association's strict Code of Ethics and Standards of Practice.

The term REALTOR® stands for competency, fairness, high integrity, and moral conduct in business relations. REALTORS® pledge to adhere to NAR's strict Code of Ethics and Standards of Practice. Among other things, membership in NAR obligates them to be honest with all parties involved in a transaction, whether it is the buyer, seller, or cooperating agent. The Code requires REALTORS® to identify and take steps to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession.

All REALTORS® are required to take a minimum of a two and a half hour orientation on the Code of Ethics Existing members must take a refresher training course every four years. REALTORS® enjoy advanced educational opportunities and training in real estate specialties that are not available to other licensees. Most property transactions are complex procedures, requiring the knowledge and expertise of a real estate professional. There may come a time when you need the assistance of a real estate professional who is specially trained in a specific aspect of the business. NAR offers advanced educational opportunities to its members that enable REALTORS® to present the public with such accredited sub-specialties as buyer's representation (ABR), residential real estate expertise (CRS), or Internet readiness (e-PRO).

Through membership in NAR's affiliated institutes, societies, and councils, REALTORS® devote themselves to continuous study of the most recent trends in their respective fields. The affiliates award specialty designations that recognize a member's advanced education and experiences in a particular discipline. Courses offered through the affiliates keep members abreast of developments in their specialized fields and better able to address industry issues. REALTORS® are advocates for homeowners and homeownership.

NAR is the ONLY national lobbying group that looks out for the interests of homeowners. Every year, NAR leads the way on Capitol Hill and in the corridors of Washington to keep homeownership a top national priority.

NAR's support for the mortgage interest deduction and other federal policies helps to keep housing more affordable and makes housing a great investment; through sound housing policies, more home seekers than ever before are enabled to purchase a home of their own. NAR's campaign to increase consumer awareness about the value REALTORS® bring to the buying and selling process features television advertisements that air on national networks and cable. The advertisements, now airing for the sixth season, address the residential and the commercial real estate markets. NAR's public awareness campaign, developed to help increase consumer awareness about the value of using a REALTOR® in a real estate transaction, added a new theme last year: "Work with someone who'll work with you. We're REALTORS®. Real Estate is Our Life." The addition of the sentence, "Work with someone who'll work with you," is designed to appeal to the growing desire of many consumers to work in partnership with real estate professionals.

From 1999 to 2002, according to surveys, the percentage of consumers saying there are benefits to working with a REALTOR®, as opposed to a real estate agent, rose from 42 percent to 61 percent. Consumers who say they are more likely to select a REALTOR® over a licensee average 69 percent for home sellers and 63 percent for homebuyers.

Recent surveys also show that 63 percent of sellers feel that REALTORS® are best qualified to promote the sale of their home, and 60 percent feel REALTORS® get the job done properly. About 59 percent of buyers feel that REALTORS® are best qualified to help find the home that meets their needs, and 58 percent say REALTORS® make homebuying easier.

The NAR Board of Directors has extended a special assessment to support the campaign through 2010.



What is HANFRA?
HANFRA is the acronym which stands for the Hamptons and North Fork REALTORS® Association, your local professional REALTOR® organization.

What is its purpose?
To support its members by providing programs, products, and services to help them achieve success with competence and integrity and by promoting the extension and preservation of the right to transfer and use real property in the five East End townships. (From the preamble of our Charter)

When was it started ?
Although it can trace its roots back to earlier organizations and affiliations with local REALTORS® on the East End, HANFRA was formally chartered by the National Association of REALTORS® and the New York State Association of REALTORS® as a 503-B not for profit organization in 1996. Every two years is undergoes a national review, and if found in compliance, is issued a new charter for two years. We have recently completed that review, and have been approved until December 2008.

How do I contact HANFRA?
The best way to contact HANFRA is by phone 631-734-8310, by fax 1-866-941-8682 email at HANFRA,  or mail to POB 427, Southold, NY. 11971. The office is open typically from 9 – 4. On weekends, and after hours, the calls are rolled over to my home. So, please feel free to contact me anytime if necessary.

How is it governed?
By a Board of Directors whose members are elected annually in September from the ranks of REALTOR® members. Directors are elected to a three-year term and assume their office in January. Currently there are 11 members on the Board who meet at least once a month to establish Board policies and programs.

Who are the officers in the organization and are they paid?
There is a President, Vice President, Secretary, Treasurer, who are elected by the REALTOR® membership, and an Executive Officer who is appointed by the Board. Only the Executive Officer is paid. All other Board members volunteer their services.

What does the Executive Officer (EO) do?
His/Her primary responsibility is the run the day-to day operations of the organization, maintain membership information, input information into NRDS, collect fees and dues, track education requirements and ethics training, act as liaison to the state and national organization, act as a facilitator for programs and member inquiries, assist in arbitration and grievance procedures, generally serve as a resource for members, and any other duties requested by the Board. He/She is the only employee of the organization.

Do I have to join HANFRA?
That depends. If the company you work for has decided to become a REALTOR® member, then as a licensee, you must join and pay dues to the National, State and Local organizations. If we are your primary organization, you will remit your dues to us, and we will forward them to the respective organizations. If you have chosen to select another REALTOR® organization as your primary, then you will only pay the local portion to us.

What happens if I don’t pay my dues ?
Your company will be billed and is required to pay your dues on your behalf. Your membership will be terminated, and you will no longer be able to practice as a REALTOR® . Also, your company may terminate your affiliation with them, since membership is a requirement to practice real estate in their company.

Who decides what my dues will be?
The National and State organizations decide each year what their dues will be. We have no control over those amounts. Your local portion, however, is determined by your local Board of Directors. The monies collected are used to pay for local expenses only, salary, office maintenance, insurance, taxes, and local programs, etc. For 2007, the Board has chosen NOT to raise your local dues.

Why should I support my professional organization?
That’s simple. The selling of real estate is a complex process, involving local, state, and national issues and procedures. One voice in protecting your rights, can hardly be heard. However, by banding together and networking, you become a member of a large group who can impact change in Albany and Washington, and at your local level. The real estate profession is under scrutiny from all sides, and your organization is vigilant in protecting your rights to sell real estate and benefit from that experience.

What are some other benefits of membership?
As a member, you will have free access to state and national information, news and publications, Code of Ethics training, reduced rates for conferences, professional training, designation courses, arbitration and ethics training and procedures, and the opportunity to impact government affairs and legislation.

As a member of HANFRA you will have access to the “Members Only ” section on three websites to assist you in your real estate profession: www.realtor.org, www.nysar.com and now at www.hanfra.com. Through the member benefit and affinity program sponsored by your national organization, you will be able to access discounted rates on home, auto, life, disability, and professional insurance, credit cards, home warranties and other financial services, and reduces purchase plans for Fed Ex, Xerox, Gateway, Dell, IBM, Lexmark, HP, Nextel, and Hertz products, to name a few. Check your national and state organizations web sites for the most current listing of providers.

Richard T. Stauffer
Executive Director

As a member of HANFRA, you will have free access to NYS Legal Hotline, where free, authoritative legal advice is available to NYSAR members on legal issues pertaining to real estate practice (518-436-9727) Monday through Thursday 9 am-1 pm.

The information available on the State and National sites is virtually limitless and I encourage you to avail yourself of those resources.

 

For additional services and benefits, or to answer your questions, please feel free to contact Executive Director - Richard T.Stauffer at 631- 734-8310 or Via Email.

 

 

 

 

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