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.
Howard Hanna Real Estate Services CEO Hoby Hanna in a letter to its brokerages stated that Matt Rand, the current President and CEO of Howard Hanna | Rand Realty, has been appointed the new president of its New York State operations. Rand replaces Al Picchi who has decided to step down as President, New York for the brokerage firm. Rand has been with the company since 1997. “Matt with his extensive experience and strong leadership skills, is well-prepared to take on the role. He and Al will work closely together over the next couple of months to ensure a smooth transition and a seamless passing of the torch,” Hanna stated in the letter.
Rand has served as CEO of Howard Hanna | Rand Realty, one of the 100 largest real estate firms in the United States with more than 1,200 sales associates serving the tri-state area from offices in Westchester, Bronx, Rockland, and Orange counties in New York and Bergen, Passaic, Hudson, and Morris counties in northern New Jersey. He is also a Managing Partner of Rand Commercial Services as well as Hudson United Mortgage, Hudson United Title Services, and Hudson United Insurance Services.
He currently serves as Chair of the New York State Board of Real Property Tax Services, as Board Chairman of People to People, Rockland’s hunger relief agency, and on the Board of Directors of the Hudson Valley Economic Development Corporation, Hudson Valley Pattern For Progress and the Rockland Business Association. He previously served on the boards of the American Red Cross in Greater New York and Leadership Rockland, Inc.
Rand received the Rockland Economic Development Corporation’s “Forty Under Forty” award, the Humanitarian Award from the Hudson Gateway Association of Realtors, and served as the President of the Rockland County Board of Realtors. He is actively involved with the New York State Association of Realtors the local Realtor Associations and Multiple Listing Services across the Hudson Valley region and Northern New Jersey.
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