LEGAL CORNER UPDATE: A Small but Significant Change: A ‘Squatter’ is Not a ‘Tenant’
A noteworthy legislative amendment was the exclusion of “squatters” from the definition of “tenant” under the current tenancy laws.
Approximately 110 HGAR members participated in the New York State Association of Realtors’ Annual Lobby Day program on March 27
The listing broker retains the right to determine the amount of compensation offered to subagents, buyer agents, or to brokers acting in other agency or nonagency capacities, which may be the same or different.”
In the settlement, we have agreed to require MLS participants working with buyers to enter into written representation agreements with their buyers. This change will go into effect in mid-July 2024.
In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.
HGAR’s Fernandez reported to the more than 60 attendees that the association will release its latest Strategic Plan soon and asked that all members fill out their Member Engagement Profiles.
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
The development will feature multiple buildings in a variety of sizes tailored for advanced manufacturing uses.
The panelists blamed a host of problems on the passage of the Housing Stability and Tenant Protection Act (HSTPA) by New York State in 2019.
Williams told the Garden City gathering. “While the economy has come a long way toward achieving better balance and reaching our 2% inflation goal, we are not there yet.”
If the agreement is finalized, it will combine the strengths of both organizations and advance the level of care for patients in New York and Connecticut.
A report by TRIP, a Washington, DC-based national transportation research non-profit, calculated that crumbing roads and potholes cost New York State drivers $8.7 billion—an average of $715 per driver—last year in repairs, fuel and wear and tear.
Like 2022, the Regeneron was the IDA’s largest project by far in 2023. The expansion project is expected to create more than 2,700 construction jobs.
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