GRAR FIRST QUARTER STATS March 31 is the end of the first quarter. Please input any closed sales into the MLS as soon as possible to help ensure our report is as accurate as possible. Thanks! RENEWING YOUR LICENSE REMINDER Remember that all real estate license renewals are handled through the DOS, not GRAR. Our staff is unable to assist if you are having difficulties renewing licenses through eAccessNY so you will need to contact the DOS directly at 518-474-4429 or eaccessny@dos.state.ny.us.
NEW FORMS AND ADDENDA The REALTORŪ/Bar Committee released 6 updated plus 3 new forms on March 14th. The forms are available on Instanet Forms and on www.grar.org View a Summary of Changes at this link and/or view a detailed webinar discussing the changes.
2014 NYSAR RVP GENESEE REGION GRAR past President Carolyn Stiffler is NYSAR's vice president for the Genesee Region. Click here to see NYSAR's introduction article in the March/April 2014 issue of New York State REALTORŪ magazine.
In Memoriam
Muriel Arnold, former REALTORŪ. At Rest ~ March 8, 2014
President Barack Obama signed The Homeowner Flood Insurance Affordability Act into law last week.
The legislation repeals the Federal Emergency Management Agency's authority to increase premium rates when a property is sold. It also refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium increases to 18 percent annually on newer properties and 25 percent for some older ones. Read More
For additional resources and information please visit the following links:
INTERSTATE LAND SALES ACT Senators Charles Schumer (D-NY), Dean Heller (R-NV) and Kirsten Gillibrand (D-NY) introduced S. 2101, a bill to amend the Interstate Land Sales Full Disclosure Act (ILSA) to clarify how the act applies to condominiums. If enacted, the ILSA would treat the sales of condominiums still under development in the same manner as condo sales in completed projects. ILSA protects consumers from purchasing property that is not as advertised (such as being unfit for development) by requiring extensive disclosures by project developers. If ILSA disclosure requirements are not fully met, the purchaser may revoke the purchase contract.
