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NAR Moves to Dismiss Moehrl Suit

Filing demonstrates lawsuit misrepresents facts, ignores legal precedent, and fails to prove legal harm. Two recently filed class-action antitrust lawsuits against the National Association of REALTORS® (NAR) and several major real estate franchisors allege falsely that consumers have no ability to negotiate commissions with real estate professionals, says Katie Johnson, NAR’s general counsel and chief member experience officer. In Moerhl v. National Association of …

Blog, News Jul 08, 2019 0 Continue Reading

STAR Rebates Just Got Easier

The state tax department said it will automatically issue STAR checks to homeowners who earn between $250,000 and $500,000 instead of requiring them to register with the state. A law this year no longer provides the lucrative school-tax break as upfront savings on homeowners’ bills who are in $250,000 to $500,000 income bracket. Instead, they will receive a check in the mail this fall, …

Blog, News Jul 08, 2019 0 Continue Reading

Sweeping tenant protections for upstate signed into la...

Real estate developers are slamming a slew of tenant protections that passed the Legislature Friday, predicting the new laws will impede the Capital Region’s economic development. An omnibus package, signed into law by Gov. Andrew M. Cuomo, includes a number of statewide provisions, including making it more difficult to evict a tenant, restricting rent increases for mobile homes, and prohibiting landlords from charging excessive …

Blog, News Jun 17, 2019 0 Continue Reading

NFIP extended through September

The National Flood Insurance Program that millions of people rely on has gotten another temporary extension, as members of Congress renew efforts to work out a long-term proposal. The NFIP extension through the end of September was tucked into a $19 billion disaster aid package the U.S. House approved in a 354-58 vote Monday evening. It now heads to President Donald Trump, who is expected …

Blog, News Jun 04, 2019 0 Continue Reading

50 REALTOR Wins in 50 Years

In 2019, we are celebrating 50 years of RPAC. The REALTORS® Political Action Committee is the key to protecting and promoting the real estate industry. Below is a list of NAR government affairs accomplishments made possible by RPAC.   1970: Successively supported the Solid Waste Disposal Act and Clean Air Act amendments. 1971: Successfully included in the Banking Reform Act a prohibition against requiring …

Blog, News May 29, 2019 0 Continue Reading

Prices Continue to Rise

Buyers are beginning to return in full force this spring. The competition is fierce for well-priced homes in desirable locations. As prices continue to gain traction the median sales price in the Capital Region increased 5 percent to $214,946 with the percent of original list price received landing at about 95 percent. The median sale price for new construction increased 3 percent to $389,347, …

Biggest Challenges For Real Estate Firms Over Next 2 Y...

Keeping up with technology, facing increased competition from nontraditional market participants, and growing concerns over housing affordability are the top challenges that real estate firms say they’re increasingly alarmed about, according to the National Association of REALTORS®’ newly released 2019 Profile of Real Estate Firms. NAR’s report is based on a survey of more than 6,000 executives and senior management at real estate companies, …

Blog, News May 21, 2019 0 Continue Reading

Governor Cuomo Announces $22 Million to Support Revita...

Governor Andrew M. Cuomo today announced more than $22 million in state funding to support two transformational projects in Downtown Albany. Empire State Development will provide up to $15 million to Capitalize Albany to create a mixed-use neighborhood in Liberty Park, a site formerly selected as the location for Albany’s convention center. ESD will also provide up to $7.3 million to Capital District Transit …

Blog, News May 17, 2019 0 Continue Reading
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