Greater Rochester Association of REALTORSŽ

Precisely e-Newsletter

June 29, 2015

GRAR 2015 Major Sponsors

In This Issue:

Association Updates: 2015-2016 Dues Billing, TRID Postponed, GRAR &MBA Golf Classic, Accustat Report
Industry Advocacy: Lobby Day 2015, NYS PROPOSED GREEN BUILDING TAX CREDIT

Association Updates

GRAR MEMBERSHIP DUES MUST BE PAID BY WEDNESDAY TO AVOID LATE FEES

AUTO PAY SUBSCRIBERS: YOUR FIRST PAYMENT WILL BE PROCESSED TODAY (June 29)

Read the details about due dates.
Visit our Online Payment System to view/print invoices and pay via credit card.

RESPA/TILA IMPLEMENTATION POSTPONED TO OCTOBER
The Consumer Financial Protection Bureau proposed to delay until Oct. 3 new "Know Before You Owe" mortgage disclosure rules which aim to streamline the disclosure process for home buyers during closing by merging the Truth in Lending Act and the Real Estate Settlement Procedures Act into one form. Read More
NAR's Field Guide to RESPA features resources to help real estate professionals understand RESPA and the upcoming TILA-RESPA changes.

GRAR SPONSORED OPEN HOUSE JULY 16th
Over the last 2 ˝ years, GRAR has been working with the Community Design Center of Rochester to obtain community improvement grants from the National Association of REALTORSŽ. To date we have received more than $70,000 in funding that has been invested in local communities including: The Village of Lima, The Village of Penn Yan, The City of Rochester and the Town of Pittsford. We are actively seeking further grants to continue investing in other towns and villages across our service area. If you are interested in learning more about out Community Improvement activities, please stop by our open house at the Community Design Center of Rochester's office at 1115 E Main Street, Rochester. Refreshments and light hors d'ourves will be served. For full details, click here.

GRAR & MBA GOLF CLASSIC
GRAR and the Mortgage Bankers Association of the Genesee Region have partnered in an exciting new alliance. Join us for a wonderful day of golf, networking and fun on Thursday, July 30, 2015 at Shadow Pines & Shadow Lake. Shadow Pines is SOLD OUT! There is still room at Shadow Lake. Don't get left out. Click here for the golf registration form. For more information, please contact Diane Russi at drussi@grar.net or 585-341-2122.

NYSAR COMMITTEE SIGN UP BEGINS JULY 1
Get involved by sharing your time, talent and expertise to help NYSAR meet the needs of your fellow 50,000 members.
Volunteers are asked to be sure they will be able to attend the association's 2016 business meetings, which are February 8-11 in Albany and September 25-28 in Verona before committing to serve. Please note that committee sign up will be available online only between July 1 and July 31 at NYSAR.com

ACCUSTAT REPORT: July 2015
Accustat is a service offered by REALTORŽ Dick Beers available solely for the use of GRAR Members and is not intended for public distribution. This report does not reflect the views of the Greater Rochester Association of REALTORSŽ. If you are interested in receiving the newsletter, please contact Dick at accustat@rochester.rr.com

Industry Advocacy

THANKS TO THE GRAR LOBBY DAY DELEGATION
Representatives from GRAR joined fellow REALTORSŽ from across New York on June 9 at the state Capitol in Albany to meet with our legislators. Issues discussed included Team Definition Legislation, Extending the Property Tax Cap, Tax Credit for Installation of Fire Sprinkler System and First-time Homebuyer Savings Accounts among other relevant topics.
Senate Majority Leader John Flanagan encouraged the group, saying, "Your advocacy and your knowledge is very helpful for me and my colleagues. We have your back - our conference understands what you need." A full video can be seen here. Click here for information on what you can do to help make the voice of REALTORSŽ heard.

NYS PROPOSED GREEN BUILDING TAX CREDIT SET FOR GOV. CUOMO'S APPROVAL
The New York State Assembly and Senate passed legislation that would allow individual homeowners to receive a green building tax credit of up to $10,000 for construction or rehabilitation of residential real property. The full bill and status can be found here.

DISCLOSURE:

RATES OF COMMISSIONS AND OTHER FEES FOR THE SALE, EXCHANGE, RENTAL, LEASE, MANAGEMENT, OR MORTGAGE OF REAL ESTATE SHALL BE NEGOTIABLE BETWEEN A BROKER AND HIS/HER CLIENT.