The New York State Commercial Association of REALTORS®, Inc. (NYSCAR) is a local board of REALTORS® dedicated to commercial real estate interests throughout the State of New York.

NYSCAR wants to bring commercial practitioners together to increase knowledge, provide education, specialized seminars, and excellent networking opportunities among peers.  READ MORE
 
 

 

New York State Commercial
Association of REALTORS®

130 Washington Ave.
Albany, NY 12210-2220

(518) 463-0300 x507
(518) 462-5474 fax

Email NYSCAR
   
Jeopardy Challenge
Date:
 07/14/0009 - 07/14/0009
Time:
8:00AM to 10:00AM
Location:
 Milleridge Inn
Jericho, NY
Cost:
Description
cost (pre-reg) $35.00 or $40.00 at the door.  Participating Teams: CCIM, CIBS, LICN, LIREG, SIOR and TRN. See which team can answer the most questions re: Long Island real estate.
Registration
 On-line registration not yet available.
 
Mail-in registration
Effective Analysis and Marketing of Commercial Property
Date:
 10/29/0009 - 10/29/0009
Time:
9:00AM to 5:00PM
Location:
 Holiday Inn
205 Wolf Rd.
Albany, NY 12205
Cost:
Description

Instructor: Bob Giniecki, CCIM, SEC.
This course reviews the essential characteristics and elements in the successful marketing and leasing of carious categories of commercial property. Real estate practitioners will be acquainted the economic, physical and location factors influencing each of the commercial property classes, office, retail and hospitality.
Registration
 Registration information not yet available.
 
 
 
8th Annual Conference is a Big Hit!
Many thanks to everyone who participated in the 8th Annual Conference held June 1-3 at the Turning Stone Resort and Casino in Verona, New York!  There were attendees from New York, Connecticut, New Jersey, Oklahoma, Texas, Florida, Michigan, Arizona, South Carolina, Washington DC,  and Canada.
Your support helped make this the best conference yet!
Watch for the upcoming newsletter with full details of the conference.
8th Annual NYS Commercial Real Estate Conference - June 1-3 - Register today!

Turning Stone Resort and Casino, Verona, NY
Don't miss out on the best marketing session on the east coast, June 1-2, moderated by Jim Wilson, CCIM, SEC (Florida) and Bill Stonaker, CCIM, SEC (Texas).  This has become a "must attend" event!
A group of stellar speakers will be presenting at the June 3rd luncheon - William (Billy) Procida, President of WPI will give a presentation entitled "How to Reinvent Yourself...Taking it tot he Next Level," George Ratiu, Economist for the National Association of REALTORS will give an economic commercial outlook and Mike Kelly, Director of Governmental Affairs will give a legislative update to the attendees. These three speakers will present at the June 3rd networking luncheon for all attendees.
Also on June 3, you have a choice of five commercial classes. A great way to pick up continuing education credit.
We have added a dinner on Monday evening with a panel discussion "Winning Business in a Challenging Market." There is also a leasing roundtable and golf.  The CCIM Intro class is a pre-conference program set for May 30-31.
This event is a great one - don't miss it!
Registration form is on the calendar of events.
Commercial and Investment Real Estate Economic Stimulus Proposal (NAR RCA Workgroup)

Commercial and Investment Real Estate Economic Stimulus Proposal

Proposed by the National Association of REALTORS®

REALTORS® Commercial Alliance Workgroup – January 15, 2009

 

I. GOAL: Stabilize and Provide Liquidity to the Commercial Real Estate Credit Markets, including Mortgage-backed Securities

Issues: For a host of reasons, the credit markets, including the market for commercial mortgage-backed securities (CMBS), that support commercial and investment real estate are frozen. Many property

owners are concerned that during 2009 and 2010 they will be unable to refinance existing loans (including land and residential development loans). Similarly, they are concerned that loans on performing properties could be considered as in default because of problems determining the fair market value of those properties.

Solutions:

a. Make mark-to-market accounting rules more flexible, including use of discounted cash flow analysis for valuing assets in illiquid markets.

b. The Treasury and Federal Reserve should exercise their authority to implement and/or expand the Term Asset-Backed-Securities Loan Facility (TALF). The TALF should be encouraged to purchase commercial mortgage-backed securities and conventional commercial real estate loans.

II. GOAL: Maintain or Enhance Federal Tax Policies that Strengthen the Commercial Real Estate Market.

Issues: The Federal tax treatment of real estate, while imperfect, is well established and well understood. The financial impact of those tax rules is capitalized into the value of existing real estate.

Changes that would make those rules less favorable would reduce property values in an already fragile marketplace.

Solutions:

a. Retain current capital gains rules as they apply to appreciated property, like-kind exchanges and carried interests, in particular by keeping the capital gains tax rate at the existing 15%. Suspend passive

loss rules.

b. Improve the depreciation, depreciation recapture and leasehold improvement rules without triggering the

Alternative Minimum Tax.

c. Reduce the investment impediments caused by the passive loss rules by providing a temporary

suspension of the rules for designated investments.

d. Attract new investment in existing real estate by providing higher income limits and expenditure limits

to the so-called “small investor” provisions of the passive loss rules.

III. GOAL: Stimulate and Support the Commercial Real Estate Industry through Investment

Issues: Owners and investors in commercial real estate recognize the importance of infrastructure

investment and investment in making real estate investments more environmentally friendly.

Solutions:

a. Provide federal funding for capital improvements to our nation’s infrastructure (transportation, roads, energy grids, etc).

b. Encourage the commercial real estate industry’s investment in energy efficiency and “green”

building initiatives through tax and other incentives, and not through legislative and regulatory mandates that artificially raise the cost of construction and operation of commercial real estate

properties.
EDUCATION REQUIREMENTS
INCREASE July 1, 2008
As you may know, there are several changes that will take place regarding requirements for a salesperson and broker’s license. Listed below are some of the changes that will take effect on July 1, 2008. (To see the full text of the bill, go to the New York State Department of State’s Website.)
Broker’s License: The minimum age for a broker has been raised to 20 years old (formerly 19 years).
Applicants for a broker’s license will have to furnish proof that they have successfully completed 120 hours (formerly 90 hours) of real estate courses approved by the NYS Department of State and that they have been licensed as a salesperson under the supervision of a real estate broker for at least 2 years (formerly 1 year) or have had at least 3 years (formerly 2 years) equivalent experience in general real estate.
Salesperson License: Applicants for a salesperson license will have to furnish proof that they have successfully completed 75 hours (formerly 45 hours) of real estate courses approved by the NYS Department of State.
Office Manager: The bill creates a definition of Office Manager as follows:
6. Office manager means a licensed associate real estate broker who shall by choice elect to work as an office manager under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, limited liability company or corporation. Such individual shall retain his or her license as a real estate broker as provided for in this article; provided, however, that the practice of real estate sales and brokerage by such individual as an associate broker shall be governed exclusively by the provisions of this article as they pertain to real estate salesmen. Nothing contained in this subdivision shall preclude an individual who is licensed as an associate broker who elects to work as an office manager from also retaining a separate real estate broker’s license under an individual, partnership, trade name, limited liability company or corporation.
Continuing Education Exemption: The bill eliminates the exemption from continuing education requirements for brokers licensed after the effective date July 1, 2008 who do not have fifteen years of consecutive licensure by that time.
Pocket Cards: Pocket cards will have to contain a photograph of the licensee.
 
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