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Happening Tomorrow
The 16th Annual Global Real Estate Summit NYC will convene the best minds in the world to tackle the real estate industry’s most urgent challenges and opportunities.
Gather LIVE on October 20, 2022, with top Brokers, Agents, Developers, Builders, Investors, Government Officials, and Professionals in Affiliated Industries to address the issues impacting the global real estate market. Click HERE to learn more.
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LIBOR Hosts Fall Fest
More than 250 members of LIBOR recently gathered together to celebrate the Association’s Fall Fest at Plattduetsche Park Restaurant of Franklin Square. Guests enjoyed an evening of fall festivities, networking, and a chance to win the top prize in the costume contest! LIBOR congratulates costume contest winners, REALTOR® Barbie - Danielle Zangre of Douglas Elliman Real Estate who took home the prize for Solo Costume and Group prize winners, Oktoberfest-themed Schnitzel: Richard Halloran and Tara Froehlich of Signature Premier Properties, Chris Gabbamonte of Citibank and Lauren Pastore of Contour Mortgage. A special thank you to our sponsors, Citibank, Habitat for Humanity of Long Island, and Zabbia Insurance Agency who helped make the event a tremendous success! View photos from the evening HERE.
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October is Commercial Success Month at LIBOR!
Did you know that NAR and CompStak recently announced a partnership to integrate CompStak into the REALTORS Property Resource® platform? Learn more about this great member benefit for our Commercial Members, HERE. For more of the latest commercial updates, tune in to LIBOR’s commercial-focused webinars throughout the month sponsored by LIBOR's Commercial Committee!
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Apply to be a 2023 NYSAR Director!
LIBOR is now accepting applications for 2023 NYSAR Directors. Network with peers from across the state and help shape your industry. Please view our online application HERE for criteria to see if you qualify. Deadline to apply is Friday, November 18, 2022.
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Apply Now for the 2022 REALTOR® Honor Society
NYSAR’s REALTOR® Honor Society recognizes board/association members for their involvement during the previous elective year. The primary purpose of the REALTOR® Honor Society is to encourage Board participation among members and to gain education and knowledge which will allow you to better serve your clients/customers and the real estate industry. The REALTOR® Honor Society Report Form must be completed and submitted to Aruna Seegolam at ASeegolam@LIRealtor.com by November 25, 2022 . View the REALTOR® Honor Society point chart HERE.
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New Co-Brandable Resource Available!
Don't let this gem slip through the cracks! Be sure to view and download your free Seller Obligations and Landlord Obligations flyers and protect your clients and colleagues! Available at lirealtor.com/fairhousing.
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REALTORS® Triple Play Convention & Trade Expo 2022
REALTORS® Triple Play Convention & Trade Expo is scheduled for December 5-8, 2022 in Atlantic City, New Jersey! Hear from national speakers, choose from more than 100 unique sessions, including CE and non-CE, an expansive two-day Trade Expo, and much more. For more information visit realtorstripleplay.com.
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PunchListUSA
Need repair pricing after the inspection? Simply upload your inspection report PDF to PunchListUSA to get accurate pricing for every repair recommended by the inspector — delivered to your email. Get it 100% online and FREE for NAR Members! Learn more HERE.
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What Technology Should You Use When Working with Buyers?
Monday, October 24, 1:00PM - 4:00PM
3 Hrs. CE
Click Here to Register
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Successfully Selling HUD Homes
In Person - Woodbury RSC
Tuesday, October 25, 9:00AM - 12:00PM
3 Hrs. CE
Click Here to Register
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Improve Your CMA Skills with Stratus & RPR
Wednesday, October 26, 10:00AM -12:00PM
2 Hrs. CE
Click Here to Register
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Previewing the 2022 State Senate Elections in New York
City and State provides a breakdown of all competitive and non-competitive race for state Senate ahead of the November 8 General Election. Democrats in the state Senate currently hold 43 out of 63 seats with over $3 million in the Democratic Senate Campaign Committee account. Republicans, who currently have just under $1 million in their campaign committee account, are looking to take away seats from Democrats this year in districts on Long Island, in the Hudson Valley, and Central/Western New York. City and State identified 12 competitive districts that you can read about HERE.
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NYC Faces Potential $10 Billion Budget Deficit
New York City officials are anticipating significant budget risks in the current fiscal year 2023 and beyond. A major factor impacting the city’s revenue and property tax collections is commercial real estate vacancies. Commercial property taxes are over 38 percent of the city’s property tax levy and these properties saw a drop of 17.4 percent in market value in FY2022. In the state Comptroller’s recent review of the city’s Financial Plan, total city revenues are expected to decline by nearly $10 billion due to “lower tax revenues and federal aid for COVID-19 relief.” Mayor Eric Adams has already directed city agencies to cut their city-funded expenses by 3 percent this year, and 4.75 percent the next. Learn more.
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DOL Proposes new Independent Contractor Rule – does not Impact Real Estate Professionals
On October 11, 2022, the U.S. Department of Labor released a proposed rule interpreting how a worker is classified under the Fair Labor Standards Act (FLSA). The proposed rule does not impact the classification of real estate professionals as independent contractors under the Internal Revenue Code (26 U.S.C. §3508). The DOL has proposed the rule to ensure covered employers are providing workers, including "gig workers," with minimum wage and overtime pay as required under the FLSA, to ensure consistency with existing judicial precedent and the Department’s longstanding guidance. Learn more.
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NAR Endorses Bill to Increase Home Gain Exclusion
Before the House of Representatives left Washington on October 1 for the pre-election campaign season, a bipartisan bill of key importance to millions of homeowners was introduced by Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). Titled the “More Homes on the Market Act,” (bill number pending) the legislation would double the capital gains exclusion for sales of principal residences from $250,000 to $500,000 for single filers and from $500,000 to $1 million for married couples filing a joint tax return, and also index these amounts for future inflation. Learn more.
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Young Professionals Network
Director Election Meeting
Wednesday, November 16, 3:00 PM
1 Hour FREE NYS CE – Legal Update with Patrick Fife
Click Here to Register
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