News: Brokerage

REBAC signs on as a sponsor of IREM's 75th Anniversary

According to the Institute of Real Estate Management (IREM),the Real Estate Buyer's Agent Council (REBAC)  has signed on as a sponsor of IREM's current, year-long 75th Anniversary celebration.  An affiliate of the National Association of Realtors, REBAC was founded in 1988 to promote superior buyer representation skills and services. IREM president Regina Mullins, CPM, said, "We have great respect for REBAC, sharing a commitment to provide our respective members with professional development and networking opportunities as well as industry resources and information of the highest caliber. We are very pleased to welcome REBAC as one of our anniversary partners." REBAC's membership now numbers well over 50,000 and is one of the world's largest organizations of real estate professionals concentrating on buyer representation.  Members who meet all course and professional experiential requirements are awarded the Accredited Buyer Representative (ABR) and/or Accredited Buyer Representative Manager) designation(s) (ABRMSM.) Both are the only designations of their type recognized by NAR. The ABR designation is geared towards agents who wish to enhance their buyer representation skills, and provides proof to prospective buyer-clients of their proficiency at servicing the special needs of buyers.  The ABRMSM designation, on the other hand, is intended for owners, brokers and managers who have or intend to incorporate buyer representation into their company's service offerings. Developed in partnership with the Real Estate Brokerage Managers Council of NAR, the education program includes the ABR designation course as a requirement, though not the designation itself. REBAC supports its members through a variety of benefits and publications designed to keep members informed of developments in buyer representation and to assist members improve their business. REBAC also promotes the advantages of professional buyer representation to consumers.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.