In February of this year I wrote about our discussions with the Multiple Listing Service of Long Island to create a regional MLS covering New York City and the greater suburban area. I’m happy to report that those discussions continue to move forward in a very positive direction. I’m also very pleased to advise that…
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Last week the town of Carmel purchased a lakefront lot on Lake Mahopac, an opportunity that could not be passed up and perhaps should have been undertaken a long time ago. Many feel the town made a hasty decision and over paid. According to Nicole Stern, Mike Barile purchased the property 20 years ago for…
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The property tax cap has been a good starting point for reigning in the cost of tax increases every year on homeowners, but this is simply no longer enough. Property taxes continue to go up, albeit at a controlled rate. One means a municipality may use to increase revenue is to artificially raise assessments to…
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Insurance Regulation 208, which can be found at 11 NYCRR 228, was made effective on Dec. 18, 2017. This regulation, passed by the New York Department of Financial Services was finalized pursuant to certain consumer complaints regarding the title insurance industry. Since the regulation became effective, customary marketing and business prospecting tools that many title…
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As mentioned in HGAR President Barry Kramer’s column this month, not only is April Fair Housing Month, we are also celebrating the 50th anniversary of the Fair Housing Act. The Fair Housing Act, formally referred to as Title VIII of the Civil Rights Act of 1968, prohibits discrimination in the sale, rental and financing of…
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Today begins the call for nominations for the “Women in Leadership” Trailblazer awards. The Putnam County Chamber of Commerce has been recognizing business excellence and non-profit achievement since 2011. Honoring professional achievement and civic contributions in the Putnam County community, the Trailblazer Awards represent the highest acknowledgment from professional peer judges across the county. Over…
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April is Fair Housing Month and this year we are also commemorating the 50th Anniversary of the passage of the Fair Housing Act. As a Realtor for the past 20 years I have been proud to be affiliated with the Hudson Gateway Association of Realtors and other organizations that are committed to promoting fair and…
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2018 is a celebratory year in the history of the fair housing movement. It marks the 50th anniversary of the Fair Housing Act. The act banned discrimination based on race, color, religion, sex, or national origin in the renting, buying, and selling of all types of housing. Passage of the act, which was signed into…
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Most of us remember the Great Recession of 2007-2012 and, more specifically, the crippling financial crisis of 2007-2008. One of the largest—if not the largest—contributors to this event was the U.S. subprime mortgage crisis. During this time, we experienced “a perfect storm” of falling real estate values, tightening mortgage lending practices, and the evaporation of…
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A new section of the New York State real property law went into effect on Nov. 29, 2017. Real Property Law §235-bb addresses new lease requirements for 1-3 family properties. The language of lease agreements for a 1-3 family property now requires the owner to include in every lease entered into after 11/27/2017 conspicuous notice…
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For many years now we’ve been hearing a lot of buzz in the Realtor Association and MLS world about consolidation. We’ve certainly been in the lead on this issue in the lower Hudson Valley, with the Westchester County Board merging with the Putnam County Association in 2009, and the Westchester-Putnam merger with the Orange County…
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Co-op boards have had unlimited timeframes in which to give an answer of acceptance or rejection to prospective purchasers. That may now end in Rockland County. A new bill, if it becomes law, will mandate that a co-op board must accept or reject an applicant in 45 days or less from the time that they…
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As a long-time advocate for legislation that would improve transparency in co-op transactions, I am pleased that progress is being made. After several years serving as Vice Chair of the NYSAR Co-op Working Group under the excellent leadership of Chair Barbara Ford, I am honored to now serve as Chair along with Long Island’s Liz…
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Today’s political climate is so full of partisan rage that many pundits seem to have lost their ability to evaluate clearly. The tax reform recently passed by Congress is a perfect example. The varying opinions out there seem to say it’s the worst or the best. That seemed rather far-fetched, so since I am not…
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Governor Andrew Cuomo in his State of the State address and in his budget address earlier this month called for a new payroll tax system to be implemented in New York. In his remarks, he unveiled two proposals. One was to completely eliminate the income tax with a payroll tax so that an employer could…
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New York State is facing a budget deficit in the upcoming fiscal year. The budget is due by April 1st and faces a potential shortfall of $4 billion. Both political parties will point to the other as the culprit and both parties likely have valid points on why the state finds itself in this position.…
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Last year in my December column I wrote about diversity. I also included this sentence in my introductory paragraph. “In the 50-plus years since Dr. King’s assassination we have certainly made progress in improving race relations and creating economic opportunities for all of our citizens, regardless of race or ethnicity. However, all we have to…
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The Putnam County Chamber of Commerce board members have been bringing to the forefront key issues for nearly 10 years. We recently put together a County Planning task force to drill down and implement those issues. Here are some highlights of our efforts: County Chamber Planning: Meetings will be held with the County Executive, Planning…
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Real estate brokers and agents have to comply with the federal law known colloquially as RESPA, which stands for the “Real Estate Settlement Procedures Act.” This law restricts real estate licensees from receiving anything of value in exchange for the referral of settlement service business. Appraisers, real estate licensees and title companies are just a…
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Happy New Year! I would like to thank the members of HGAR for their confidence in electing me as their 2018 President. It’s quite an honor and privilege to serve such a great association. I have some big footsteps to follow. My predecessor Dorothy Botsoe did an awesome job and had us all drinking tea…
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