Governor, Legislators Reach Agreement on Framework of Budget Deal
While specifics of the housing-related legislation were not released, City & State New York reports that sources indicate some carve-outs of the Good Cause Eviction proposal have angered tenant groups, while other provisions included have drawn the ire of landlords.
HGAR Stages Informational Session on $418-Million NAR Broker Lawsuit Settlement
NAR’s Troiani told the attendees that the association is trying to clear up misconceptions reported by some media outlets in connection with the settlement.
Once Growing Acorda Therapeutics Files for Bankruptcy; Will Close HQ in Rockland by June
The bankruptcy and expected sale of the company will be the close of what was back in 2011 a major success story for Westchester County.
Westchester Mayors Upbeat That Demand Will Fill Multifamily Project Pipelines
The mayors chronicled the tens of thousands of new apartment units under construction and in the approval process and all noted that at present property owners are experiencing strong leasing demand and expect that trend to continue going forward.
More Than 100 HGAR Members Traveled to Albany to Meet with Hudson Valley, NYC State Lawmakers
Approximately 110 HGAR members participated in the New York State Association of Realtors’ Annual Lobby Day program on March 27
NAR Claps Back on 6% Commission Requirement Reports, Corrects the Record by Stating NAR Does Not Set Commissions
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.”
NAR President Sears Says ‘Settlement Represents a Pivotal Moment for Our Association and Our Industry’
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.
BREAKING NEWS: NAR Reaches $418-Million Agreement to Settle Most Broker-Commission Cases; Agrees to Commission Rule Changes
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 Officials Brief Orange County Members on Market and Legal Trends
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.
NAR’s Yun Predicts Four to Six Rate Cuts in Next Two Years; Continued Troubles for Office Market
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
Orange County Advanced Manufacturing Project Secures NY State Shovel-Ready Grant
The development will feature multiple buildings in a variety of sizes tailored for advanced manufacturing uses.
Navigating the Difficulties of the Multifamily Market
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.