Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
The governor emphasized the continued strain rising costs place on households and positioned housing production, regulatory reform and tenant protections as central tools to address those pressures.
New York’s DOS licensing rules treat marketing and communications as part of the regulated brokerage business. Telemarketing compliance therefore connects directly to broker supervision obligations.
One of the key pieces of legislation discussed was Intro 1120, sponsored by Councilmember Julie Farías, that would establish clear timelines for cooperative boards to process, review, and issue decisions on co-op purchase applications.
New York’s housing ecosystem is at an inflection point. Affordability pressures, development bottlenecks, small-property owner challenges, regulatory changes, and aging housing stock are all converging at the same time.
Owners who delegate rent-setting to third-party property managers, real estate brokerage firms and brokers that also offer property management services, or owners who use national “revenue management” platforms should review and update their contracts well before the Dec. 15, 2025, effective date.
The rally underscored our industry’s leadership in advancing housing policy and demonstrated the collective strength of Realtors when we unite around a common cause.
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