BOARDROOM REPORT: December 13, 2017 & January 26, 2018

Real Estate In-Depth | March 2018

Boardroom Report
Boards of Directors
A joint meeting of the Hudson Gateway Association of Realtors, Inc. (HGAR) and the Hudson Gateway Multiple Listing Service
Dec. 13, 2017
HGAR offices, White Plains, New York

Management, Financial & Membership Reports

Secretary/Treasurer Pamela Jones presented the Treasurer’s Report on behalf of HGAR including the bank and investment summaries for December 1st, and the Directors approved receipt of the Cash Report.

HGAR and HGMLS General Business

The HGAR and HGMLS Boards of Directors approved a lease extension for the current HGAR/HGMLS offices located at 2 Medical Park Drive in West Nyack.

A significant portion of the meeting was then devoted to Board Leadership Training with David Severance, president of Advanced Development Services, Inc.

After the conclusion of the Board Leadership Training, HGAR CEO Richard Haggerty spoke to the Directors about the need for Directors to respond to NAR’s “Call to Action” concerning federal tax reform.

Haggerty recognized the newest recipient of Realtor Emeritus status within HGAR’s membership. Susan Salo, broker/owner of Renaissance Realty, Inc. in Monroe, who was acknowledged for her more than 40 years of contribution to the Realtor family. Haggerty also recognized both the current HGAR and HGMLS Presidents, Dorothy Botsoe and Renee Zurlo, but also all past HGAR and HGMLS Presidents in attendance.

Boardroom Report
Boards of Directors
Hudson Gateway Association of Realtors, Inc. (HGAR)
Jan. 26, 2018
HGAR offices, White Plains, New York

Management, Financial & Membership Reports

Secretary/Treasurer Gail Fattizzi presented the Treasurer’s Report on behalf of HGAR, including the bank and investment summaries for January 1st, and the Directors approved receipt of the Cash Report.

Communications and Member Services

Communications Council Chair Debra Budetti encouraged the Directors present to seek out HGAR Director of Marketing Cathleen Stack to speak to offices about HGAR member services. Additionally, Budetti encouraged contacting HGAR Director of Governmental Affairs Phil Weiden to come to local offices to speak about RPAC.

Director Rey Hollingsworth, Co-Chair of the Broker/Owner/Manager Committee, spoke in reference to a seminar to be held at the Doubletree Hotel in Tarrytown on Feb. 13. The title of the seminar is “The Tax Cuts and Jobs Act for Real Estate Professionals” and will feature panelists Ron Friedman, CPA and Bobbie Flower Cox, Esq.

Education

Director Katheryn DeClerck, Education Council Chair, stated that the Education Council will hold a kick-off meeting on Feb. 9 at which time the prime discussion will be on how to monetize current and future opportunities for the School of Real Estate.

Legislative, Political and Legal Issues

Director Robert Herska, RPAC Co-Chair, delivered a report on behalf of the RPAC Committee. He stated there is an upcoming RPAC Fundraiser on Feb. 13 at Thunder Ridge in Patterson. To date in 2018 RPAC has raised $44,000. Herska acknowledged a recent $1,000 contribution from HGAR Chief Operating Officer Ann Garti, as well as a $10,000 contribution from HGAR Immediate Past President Dorothy Botsoe.

President Kramer played a “News 12” video clip highlighting his efforts to advocate for co-op transparency and disclosure legislation in Westchester and Rockland counties.

HGAR Director of Governmental Affairs Phil Weiden encouraged attendance at Lobby Day, which will take place on March 20, 2018. He stated that Realtors in New York should keep an eye on the 2018 New York Gubernatorial Race as well as Federal Congressional races later this fall. Lastly, Weiden encouraged using licensed tax professionals to receive advice concerning the Tax Cuts and Jobs Act of 2017, recently signed into law by President Trump.

Professional Standards

Leon Cameron, HGAR Professional Standards Administrator, delivered a brief update on the recent meeting of the HGAR Grievance Committee. The committee forwarded two matters along for an ethics hearing and two matters for a Mandatory Mediation through HGAR. Cameron then presented three separate Ethics Decisions designated as 229-E, 230-E, and 231-E. After review and discussion, the Directors confirmed by individual vote the three ethics decisions.

Multiple Listing Service

HGMLS President Renee Zurlo reviewed in detail ongoing discussions with the Long Island Board of Realtors (“LIBOR”) and its subsidiary, the Multiple Listing Service of Long Island, Inc. (“MLSLI”). To that end, the Directors reviewed a document entitled “Revised Memorandum of Understanding Among Long Island Board of Realtors, Inc., Multiple Listing Service of Long Island, Inc., Hudson Gateway Association of Realtors, Inc. and Hudson Gateway Multiple Listing Service, Inc.” dated as of January 11, 2018 (the “MOU”). CEO Haggerty stated that although the MOU should be regarded as non-binding, its execution would signal a deep commitment to the creation of a regional MLS to be owned by HGAR and LIBOR, and indicated that it should not be entered into without thorough consideration. After extensive discussion, the HGAR Board of Directors affirmed the previous authorization given by the HGMLS Board of Directors to have HGMLS CEO Richard Haggerty and HGMLS President Renee Zurlo sign the MOU.

Young Professional Network

Director Jennifer Mallory delivered a report on behalf of the Young Professionals Network (“YPN”). She stated that YPN is hosting a class approximately every month. Mallory also referenced an upcoming event on February 26 at HGAR in White Plains regarding the utilization of Facebook Live in real estate marketing.

WCR

Carol M Dorado-Galarza gave an update on behalf of the Empire Chapter of the Women’s Council of Realtors (“WCR”). She stated that recently WCR hosted an event at the Ritz Carlton hotel in White Plains, which was well attended. HGAR CEO Richard Haggerty presented a Market Update and HGAR’s Leon Cameron delivered a Legal Update at the event. 2018 NAR President Elizabeth Mendenhall also addressed the audience and was well received.