LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
I’d like to address all the amazing real estate professionals out there who play a vital role in helping people achieve their dreams. This Homeownership Month, I applaud your dedication, professionalism, and unwavering commitment to assisting individuals and families in finding their perfect home.
As we reflect on the significance of homeownership, it’s important to acknowledge that owning a home is not just about having a place to live; it represents stability, security and a sense of belonging. For many individuals and families, it’s a symbol of achieving the American Dream.
Realtors like you are the trusted advisors who guide buyers through the complex journey of finding their perfect home. You navigate the intricacies of the market, negotiate deals and provide invaluable expertise. However, your impact goes far beyond transactions. You build relationships, earn trust, and become pillars of support throughout the homeownership process. Through your expertise, guidance and tireless efforts, you have helped shape communities and fostered a sense of pride that comes with having a place to call your own, the freedom to personalize and create lifelong memories and the financial advantages of building equity over time.
As Realtors, you play a pivotal role in educating potential buyers about the various homeownership options available. You help them navigate the complexities of mortgages, financing and the overall homebuying process, which can be daunting. By offering guidance, resources, and market insights, you empower individuals to make informed decisions and achieve their homeownership goals.
But let’s not forget that homeownership is not accessible to everyone. As we celebrate Homeownership Month, we must also address the challenges and inequities that exist. We have an opportunity to advocate for affordable housing, promote fair housing and fair lending practices and support initiatives that expand homeownership opportunities for the underserved communities.
In the ever-evolving real estate landscape, technology and innovation continue to reshape the industry. Embracing these advancements can empower real estate professionals to provide an even higher level of service. From virtual tours and AI-driven property searches to digital transaction management, these tools can enhance the homebuying experience and streamline processes, ultimately benefiting everyone involved in the process.
So, as we mark Homeownership Month, let’s renew our commitment to the values that drive us. Let’s continue to be advocates for homeownership, champions of our clients’ dreams and stewards of our communities.
Together, we can make a lasting impact and continue to build a stronger, more inclusive future for all. That’s Who We R.
For resources to support Homeownership Month go to Nar.Realtor and search homeownership-month.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.