Brian DiNardo, NYSCARI hope some of you are able to attend the National Association of Realtors Annual Conference in Florida, November 4-7, 2016, at the Orange County Convention Center West in Orlando, Fla. This year’s theme is “Educate. Innovate. Celebrate!”, and, indeed, the event will help Realtors get educated on future market trends and provide them the chance to test out all the new innovations changing real estate, as well as celebrate the industry.
100 education sessions, featuring nationally recognized speakers, trainers, and industry experts, who discuss timely topics and critical issues of value to Realtors (go to www.realtor.org – events for full information)
NYSCAR Realtor of the Year Nominations
NYSCAR is accepting nominations for Realtor of the Year. The award is to recognize an outstanding active member of the New York State Commercial Association of Realtors for 2016. Deadline for applications is December 15, 2016.
If you would like to nominate a NYSCAR member for Realtor of the Year, please email Ali Mann ([email protected]) or Sherry Marr, ([email protected]) for information.
Reminder: Completion of Code of Ethics
In order to maintain your Realtor membership, all members must successfully complete a Code of Ethics Course of not less than 2 1/2 hours by December 31, 2016. If you have not taken a Code of Ethics course since January 1, 2013, please be sure to do so by the December deadline. You can take an online course for free by going to www.realtor.org (under the “education” tab)
Fair Housing Licensing
Requirement and the New Agency Requirement for License Renewal
Effective January 1, 2017, any real estate licensee who renews their license must have completed 22 ½ hours of approved continuing education, three hours of which must include fair housing and/or discrimination in the sale or rental of real property or an interest in real property along with the updated requirement of at least 1 hour of law of agency. If a salesperson is within their first license term, they must complete 2 hours of agency along with the other designated educational hours. This change does not apply to those licensees who are exempt from the continuing education requirement.
To assist you in locating courses or help you determine whether you have already met the requirement, NYS DOS will be placing a list of courses which meet The Agency requirement on their website www.dos.ny.gov/licensing. Any existing approved course that contains the topic of agency within the coursework will satisfy either the 1 or 2 hour requirement. The division is in the process of adopting regulations that will allow for the approval of 1 hour courses.
Education Opportunities
November 2: Investment Property Analysis and Creative Transaction Formulas (7.5 hours) Sponsored by NYSCAR and the Rochester Area Chapter NYSCAR
Instructor: James Walker, CCIM
Course Overview: Key considerations in determination of value of investment property; determining financing alternatives and impact on value; understanding the property operating statement; creative transaction alternatives and application of financial formulas; basic financial formulas; alternative creative transaction structuring formulas; improving property marketability; potential solutions to working with overpriced properties; solving negative cash flow issues; wealth building formulas to maximize return; acquisition of real estate without out of pocket cash; use of equity conversions; and guarantee of cash flow. Go to www.nyscar.org for details.
Congratulations to the Syracuse Area Chapter of NYSCAR for holding a very successful offering of the Investment Property Analysis and Creative Transaction Formulas class on October 4 in Syracuse!
Hats off to the Greater Capital Chapter for hosting “Commercial Leasing & Site Selection” with instructor Howard Carr on October 20. The program was well received by the attendees.
Triple Play Conference
The Triple Play Conference, sponsored by the NYS, NJ and PA Associations of Realtors is scheduled for December 5-8, 2016 in Atlantic City, N.J. Below are just two of the 90 programs you can choose from:.
Using Drones in Your Business: Know the Risks with Jessica Edgerton, NAR associate counsel:
Drone photography is playing an increasing role in the marketing of listings, collecting information for home appraisals and more. Come hear the latest from NAR on the FAA’s new rules and risks involved with using drones.
Code of Ethics: Barbara Fairfield, CE: 3 hours NY/NJ, PA pending
Satisfy NAR’s mandatory quadrennial ethics training requirement for membership.
Go to realtorstripleplay.com for full information and to register.
Brian DiNardo is the president of NYSCAR and is a NYS licensed real estate broker, DiNardo Realty Corp., East Rochester, N.Y.
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