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.
The Albany, NY-based New York State Association of REALTORS is a not-for-profit trade organization representing more than 56,000 of New York State's real estate professionals.
The association provides a variety of benefits including legislative and legal representation, educational programs, publications such as the New York State REALTOR and a code of professional standards.
The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as a member of the National Association of REALTORS. These REALTORS are also members of the New York Association of REALTORS as well as their local board or association of REALTORS.
The New York State Association of REALTORS was founded in 1905 as the Real Estate Association of New York State, and for a time was better known as the New York State Association of Real Estate Boards.
Throughout its history, NYSAR has remained consistent in its purpose, yet has progressed and matured with the times. The goal is to assist the association's members in conducting their business successfully and ethically, while promoting the preservation of the right to own, transfer and use real property.
NYSAR SUPPORTS ENACTMENT OF THE FOLLOWING:
Property tax relief
Property tax relief is a top legislative priority for lawmakers and NYSAR alike. REALTORS will be active advocates for significant tax reductions in the near term and structural reforms to the tax code that will foster tax savings for property owners. NYSAR will also be aligning itself with several statewide coalitions in an effort to further push for reduced state spending and property tax reform.
Transactional real estate brokerage
NYSAR seeks to provide an alternative to traditional buyer or seller agency that is commonly used in many other states including Florida, New Jersey, Colorado, New Mexico and others. In this type of transaction, the broker represents neither the seller nor buyer. Rather the broker remains a neutral party and still must deal honestly and fairly with all parties involved in the transaction.
Advanced consent to dual agency
NYSAR supports legislation permitting the advanced consent to dual agency by buyers and sellers of real estate. Currently, brokers are required to provide sellers with a disclosure acknowledging their agreed to agency relationship. However, if dual agency arises, the seller must execute a new form with each and every instance. Providing advanced consent to dual agency will allow sellers to provide advanced consent to dual agency rather than signing numerous dual agency disclosure forms.
Affordable health care
Access to affordable health care is unattainable for many REALTOR members. In fact, the National Association of REALTORS reports that almost 30 percent of all REALTORS have no health insurance coverage at all. NYSAR will be examining and supporting legislative proposals that provide more affordable health care to all REALTORS.
Property Condition Disclosure reforms (S. Libous / A.1364)
In 2009, NYSAR will seek to improve and streamline the current statutory required Sellers Property Condition Disclosure form with the goal of making it easier for sellers to complete and more useful for buyers.
Transparency and disclosure in co-operative housing (S. Skelos/A. Perry;
S. Skelos/A.1211 Destito)
NYSAR supports legislation that would bring greater transparency to the process of considering the sale of shares in a co-operative housing corporation.
NYSAR OPPOSES ENACTMENT OF THE FOLLOWING LEGISLATION:
Prohibition of brokerage agreements in New York City (S.828 Kruger)
NYSAR will be opposing this new legislative proposal that would prohibit “exclusive” brokerage agreements between brokers and sellers of non-multiple, residential dwellings within New York City. If enacted, all sales contracts between sellers and brokers “shall be deemed to be void as against public policy and wholly unenforceable.” Further, the legislation states that, “No real estate broker, salesman or agent shall be entitled to earn or collect any commission for services rendered” pursuant to such contract.
Loan counseling requirement as part of contract of sale (S.134 Sampson/A.3192 Towns)
This legislation would require a “loan counseling disclosure notice” to be attached to all contracts of commercial or residential sale of real property. The bill requires that the form shall be signed by borrowers at the time of contract and attached to the contract of sale. Under the bill, attorneys are required to maintain updated lists of approved “home loan counselors” within 100 miles via HUD or the NYC Housing Preservation and Development websites. This legislation has serious technical flaws and in regions of the state where contracts are often prepared by real estate brokers, this legislation may have unintended consequences.
Real estate licensee scope of practice (A.2975 Benjamin)
NYSAR will oppose this legislation, which would mandate a real estate broker practice solely within the confines of their county of residence or the county of their principal or branch office.
Statewide transfer tax authorization (S.381 Breslin)
NYSAR will again oppose all legislation that would create a more fluid process for the approval of transfer tax increases, regardless of the intent of the dedicated monies.
Wetlands oversight (S.848 Marcellino)
NYSAR opposes this unnecessary legislation, which would increase state Department of Environmental Conservation oversight of wetlands.
Water testing disclosure (S.1251 Saland)
NYSAR opposes this legislation for several reasons, including the fact that it will delay real estate closings, the lack of clarity within the legislation regarding a sunset for recession by purchasers and the ambiguity of the type and scope of water test required under the legislation.
Curbing of availability of real property records (A.2829)
Chapter 223 of the laws of 2008 amended public officer’s law to provide an exemption for the disclosure of real property information by county clerks. This legislation would eliminate this exemption and therefore severely restrict the availability of real property information for consumers, real estate licensees and other interested parties.