Viewpoints

Richard Haggerty

GATEWAY PERSPECTIVES: Don’t Take Data Accuracy for Granted

November 2018

Data may seem like a pretty mundane, “take it for granted” type of topic, but accurate data is not something we should ever take for granted. HGAR will soon be launching two major initiatives that will rely heavily on accurate data, and we are going to need your help for these initiatives to succeed. The…

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Barry Kramer

PRESIDENT'S CORNER: Staying Ahead of the Curve

November 2018

I just returned from the NAR Convention, which was held in Boston for the first time in 60 years. Boston is a city rich in history and a great backdrop to a conference looking to frame the future of real estate. When I attend these conferences, I think of them in terms of four opportunities:…

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Robert Withers

Guest Viewpoint: Why are Commercial Construction Loans Inherently Risky?

November 2018

Too often, developers can’t secure permanent financing upon a project’s completion. If it’s a condominium project will the condo project sell out? Then, there is construction gamble, as cost overruns, accidents, delays and other problems tend to occur on every job. Imagine, for example, a crane falling or dropping an expensive beam. Further, good labor…

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Philip Weiden

LEGISLATIVE AFFAIRS: Proposed Rules Released for Opportunity Zones

November 2018

November Legislative Update: On Oct. 19th, the Treasury Department released its proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act passed in December of 2017. The program incentivizes investment and development in distressed communities, designated as “Qualified Opportunity Zones” through tax benefits for investors. These benefits include…

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Jennifer Maher

Putnam Posting: Accelerator Would be ‘Catalyst for Thoughtful Economic Development’

November 2018

Putnam County Economic Development President Jill Varricchio has been talking up a “Business Accelerator” program for Putnam County. She says “as a catalyst for thoughtful economic development and being familiar with the evolution of the Orange County Accelerator, I found an entry point to bring to Putnam County a similar model. I brought the idea…

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Philip Weiden

LEGISLATIVE AFFAIRS: Co-op Bill Advances to the Full Legislature

October 2018

On Monday, Oct. 29th the Westchester County Board of Legislators finally held a public hearing on the co-op disclosure bill. Realtor members of the Hudson Gateway Association of Realtors spoke in favor of the compromise bill. The bill calls for a 15-day time period in which a board must notify an applicant they received the…

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Richard Haggerty

GATEWAY PERSPECTIVES: Embracing Technology

October 2018

Technology seems to be on the tip of everyone’s tongue these days, with some in the industry exploring how new technologies can help grow their businesses to others who openly wonder if new technologies will put real estate agents out of business. From my perspective, the ultimate key is how we engage with and stay…

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Barry Kramer

PRESIDENT'S CORNER: NYSAR Fall Business Meeting Update

October 2018

The New York State Association of Realtors held its Fall Business Meetings earlier this month at Turning Stone Casino in Verona, NY. I was joined by nearly 30 representatives from HGAR, all who volunteered to spend a few days hearing updates and addressing issues that affect membership and the Association. On the first day of…

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Philip Weiden

LEGISLATIVE AFFAIRS: Federal Legislative and Regulatory Update

October 2018

The Tax Cuts and Jobs Act legislation, passed earlier this year, includes a 20% deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability companies. The new deduction is intended to provide roughly the same tax rate cut the act provided to regular corporations. However, it is…

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Barry Kramer

PRESIDENT'S CORNER: Our Power is at the Ballot Box

September 2018

Now that the primaries are over, focus will shift to the general elections. If you are a Realtor and did not vote, or are not registered to vote, you still have time to vote in the General Election to be held on Nov. 6. Every Realtor should vote! We are pillars of our communities and…

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Richard Haggerty

GATEWAY PERSPECTIVES: New Challenges, New Opportunities

September 2018

In February of this year we announced in the pages of Real Estate In-Depth that HGAR and HGMLS had executed a formal memo of understanding (MOU) with the Long Island Board of Realtors, Inc. (LIBOR) and its subsidiary, the Multiple Listing Service of Long Island, Inc., to create a regional MLS. As I said in my…

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Philip Weiden

LEGISLATIVE AFFAIRS: Federal Legislative Update

September 2018

As expected, last week, 12 attorney generals filed suit against the Department of Labor challenging the Association Health Plan rule issued in June. The state AGs include: New York, Massachusetts, California, Delaware, Kentucky, Maryland, New Jersey, Oregon, Pennsylvania, Virginia and Washington, plus Washington, D.C. The lawsuit challenges DOL’s redefinition of “employer” under the Employee Retirement…

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Philip Weiden

LEGISLATIVE AFFAIRS: Summer Co-op Disclosure Bill Update

August 2018

The co-op bill continues to be on the agenda of the Westchester County Legislature. Currently the bill contains a 10-day time period in which a board must notify an applicant that they received the application. It also contains a 45-day period from date of receipt to the time they must notify the applicant whether that…

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Richard Haggerty

GATEWAY PERSPECTIVES: Numbers Count

August 2018

Please excuse the bad pun, but numbers truly matter, especially numbers related to real estate market statistics. The Hudson Gateway Association of Realtors, Inc. and its wholly owned subsidiary, the Hudson Gateway Multiple Listing Service, Inc, released second quarter sales statistics last month, and for the most part the numbers were a continuation of the…

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Barry Kramer

PRESIDENT'S CORNER: Exciting Events on Tap This Fall

August 2018

As the dog days of summer come to an end it makes me think of the fall and winter schedule of events, chock full of worthwhile meetings and conventions. This fall I hope you’ll join me for a vast array of happenings, everything from our very own Member Appreciation Day to NAR’s National Conference. The…

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Philip Weiden

LEGISLATIVE AFFAIRS: August Legislative Update

August 2018

Key victories for Realtors and the industry have come to fruition over the summer. The National Flood Insurance Program has been extended, which will facilitate thousands of home sales that otherwise would have stalled due to banks not issuing loans without the insurance in flood prone areas. We are still pushing a five-year reauthorization and…

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Jennifer Maher

Putnam Posting: New Commercial Real Estate Group to Boost Putnam County’s Exposure

July 2018

Beginning June 4, 2018, a new chapter of the New York State Commercial Association of Realtors (NYSCAR) was approved to serve the Greater Putnam and Westchester County areas. This group will meet once a month, rotating between Putnam and Westchester. Its sole purpose is to bring commercial brokers together to share commercial real estate inventory…

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Philip Weiden

LEGISLATIVE AFFAIRS: Mid-Summer Government Affairs Update

July 2018

On July 25, the U.S. House of Representatives passed an extension of the National Flood Insurance Program (NFIP) through Nov. 30 by a vote of 366 to 52. The bill next moves to the U.S. Senate for its consideration with little time to spare before the July 31 deadline. Congress has enacted six short-term extensions…

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Barry Kramer

PRESIDENT'S CORNER: We Need You to Take Action On Co-Op Disclosure Bill!

July 2018

HGAR’s Celebration of the 50th Anniversary of the Fair Housing Act earlier this month was a great success. We had two excellent panels of speakers representing local fair housing advocates and NAR’s Fair Housing partners. A special thank you to Crystal Hawkins Syska for moderating, and to our sponsors who make these events possible. On…

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