BOARDROOM REPORT: June 13, 2018

Real Estate In-Depth | October 2018

Boardroom Report
Boards of Directors
Hudson Gateway Association of Realtors, Inc. (HGAR)
June 13th, 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 June 1st, and the Directors approved receipt of the Cash Report.

Secretary/Treasurer Fattizzi then presented the HGAR Draft Financial Statements as of December 31, 2017. The vast majority of budget projections and actual expenditures/revenues were very close to projections. Overall, HGAR ended 2017 in a strong financial position. The Directors approved a motion approving the 2017 HGAR Financial Statements. President Kramer advised that there will be Leadership Training for HGAR Board of Director members. While the training program is geared for new Directors, all are welcome.

Communications and Member Services

Debra Budetti provided a brief update on behalf of the Communications Council in which she encouraged attendance at HGAR Members Day on October 29 at the Doubletree Hotel in Tarrytown. Barry Kramer reported on behalf of the Broker/Owner/Manager (“BOM”) Committee. The recent event on “Teams” was a great success and was also held at the Doubletree Hotel. THE BOM Committee will host another event in the fall.

Legislative, Political and Legal Issues

Council Chair Leah Caro advised that the next meeting will be held on July 24 at 10 a.m. at HGAR White Plains. HGAR Past-President and RPAC Chair Dorothy Botsoe delivered an update on behalf of the RPAC Committee and stated that the committee has raised more than $129,000 thus far this year. HGAR Director of Government Affairs Philip Weiden provided an update regarding proposed Co-Op Transparency Legislation in Westchester County. He stated that he and HGAR President Barry Kramer continue to meet with legislative decision makers on the issue. Additionally, he stated that it is expected that there will likely not be future action taken on the matter until September at the earliest.

Fair Housing and Cultural Diversity

Fair Housing and Cultural Diversity Committee Chair Crystal Hawkins-Syska advised that there will be a Fair Housing Act 50th Anniversary Celebration to take place on July 12, 2018 at the Doubletree Hotel in Tarrytown. There will be a panel discussion with representatives from several minority-based real estate organizations discussing fair housing concerns. A cocktail reception will follow. Westchester Residential Opportunities (“WRO”) will host a 50th Anniversary Gala on October 10 at the VIP Country Club in New Rochelle. The event’s honorees will include HGAR Past-President Dorothy Botsoe.

Global Business Council

Global Business Council Chair Robert Shandley reported that there will be a “Global Real Estate Summit” to be held in conjunction with the Staten Island Board of Realtors (“SIBOR”) on October 22, 2018 at the Marriott Marquis in Midtown Manhattan. CEO Richard Haggerty reported that there is an opportunity for HGAR to become an Ambassador Association to Portugal. Haggerty will report back to HGAR if and when there are further developments in that regard.

Professional Standards

In House Legal Counsel and Professional Standards Administrator Leon Cameron advised that the Grievance Committee will next meet on June 20 and will have 15 matters to review.

Multiple Listing Service

CEO Richard Haggerty reported that the HGMLS training conducted recently in Monticello for Sullivan County Participants went well. He also reported that due to communication issues with vendors, the rollout of NewYorkMLS.com has been delayed until later this summer. NewYorkMLS.com is a new website geared towards enticing New York City Brokers and Agents to join HGAR. CEO Haggerty and Attorney John Dolgetta provided a detailed overview of the discussions that have taken place to date between representatives of HGAR/HGMLS and LIBOR/MLSLI concerning the creation of a regional MLS, and the points of agreement that had been reached between the respective organizations concerning the operation of such an MLS. In that vein, Attorney John Dolgetta delivered in detail the salient points of a draft Operating Agreement between HGMLS and MLSLI to create a new MLS entity to be named later a.k.a. “NewCo.” After extensive discussion, the Directors approved in principle the draft Operating Agreement to create a new regional MLS.

Commercial and Investment Division

President Kramer presented a report on behalf of the Commercial and Investment Division (“CID”). CID’s next event will be on June 7 and will be entitled “Meet Metro-North’s New President” and will feature Catherine Rinaldi, newly appointed President for Metro North. The event will be co-hosted with the Business Council of Westchester and will be held at 800 Westchester Avenue, 5th Floor (“RPW Group Board Room”).

WCR

Carol Christiansen delivered news from the Women’s Council of Realtors Empire Chapter (“WCR”). The next event for WCR will be July 9 at Knollwood Country Club in Elmsford. This event will be a “Deal Breakers” panel, which will be moderated by Phil Faranda.

Hudson Gateway Realtor Foundation

Aimee Decesare gave an update on the Hudson Gateway Realtor Foundation. The next event for the Foundation will be on June 19 at Patzy’s Pizzeria in New Rochelle. Registration is available on HGAR.Com. The recent “Viva Las Vegas” Gala in May at Glen Island Harbour Club was a great financial success for the Foundation.