News: Brokerage

Best wishes for a happy, healthy and prosperous New Year!

By John Lavelle I'd like to wish everyone happy holidays and I look forward to a great 2015! Urge Congress to Extend TRIA (Terrorism Risk Insurance Act of 2002) The "Terrorism Risk Insurance Act of 2002" (TRIA) will expire at the end of 2014 unless Congress reauthorizes it once again. Because of the importance of terrorism insurance coverage to commercial real estate, NAR supports the continued availability and affordability of coverage made possible by the federal backstop program of the "Terrorism Risk Insurance Act of 2002" and its extensions. Show your support by responding to the Call for Action - it only takes a few minutes of your time. (visit realtor.org) Call for Nominations-Realtor of the Year NYSCAR is accepting nominations for the 2014 Realtor of the Year. If you would like to nominate a member, please email Ali Mann ([email protected]) or Sherry Marr ([email protected]) for the suggested point system to use when submitting a nomination. Annual Conference The Annual Conference Planning Committee, chaired by Brian DiNardo, will be meeting via conference call soon to plan this year's event! Be sure to mark your calendar for June 8-10, 2015 at Turning Stone Resort and Casino in Verona, N.Y. for the 14th annual conference. Register for the 2015 Code of Ethics and Professional Standards Procedures Training Sponsored by the NYS Association of Realtors, instructed by Patrick Reilly, NYSAR VP board and member services. Gain a full understanding of ethics and arbitration hearings, enforcement procedures and disciplinary guidelines during the 2015 Code of Ethics and Professional Standards Procedures Training. In addition to 7.5 hours of CE credit and GRI credit, this course also satisfies NAR's mandatory ethics training requirement. January 16: Double Tree, Binghamton January 21: Double Tree, Syracuse January 23: Marriott, Albany January 29: Clarion, Batavia February 27: High Peaks Resort Lake Placid March 23: LIBOR, Woodbury April 16: HGAR, W. Nyack Go to www.nysar.com for further information. Best wishes for a happy, healthy and prosperous New Year! John Lavelle is the president of NYSCAR and is an associate broker, commercial at RJ Smith Realty, Pine Bush, N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking