News: Long Island

Smith of CBC NRT achieves NAR's Green Designation

Edward Smith, Jr. with Coldwell Banker Commercial NRT has been awarded the National Association of REALTORS' (NAR's) Green Designation, the only green real estate professional designation recognized by NAR. Smith achieved this prestigious designation after completing 18 hours of course work designed specifically for REALTORS. The courses were created in collaboration with a multidisciplinary team of industry experts from across the country; ensuring designees gain comprehensive knowledge of green homes and buildings and issues of sustainability in relation to real estate. More specifically, Smith was trained in understanding what makes a property green, helping clients evaluate the cost/benefits of green building features and practices, distinguishing between industry rating and classification systems, listing and marketing green homes and buildings, discussing the financial grants and incentives available to homeowners, and helping consumers see a property's green potential. "As energy costs rise along with concern for the environment, homeowners are looking for innovative ways to save money and live responsibly," said Dick Gaylord, NAR's immediate past president. NAR's Green Designation was developed in response to growing consumer awareness of the benefits of resource-efficient homes and buildings. The designation helps consumers who care about energy efficiency and sustainable building practices identify REALTORS® who can help them realize their green real estate and lifestyle goals. As an NAR Green Designee, Smith has gained the knowledge and the tools necessary to become a trusted green resource for Long Island. Smith has also been certified as an instructor for the Commercial and Property Management Elective Courses that are part of the Green Designation program. For more information about Ed Smith please visit www.commercialed.com or email him at [email protected]. For more information about NAR's newest designation, visit www.greenresourcecouncil.org
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.