December 15, 2018
2018 EBCBOR Installation & Gala!
760 members and industry professionals attended the final EBCBOR Installation & Gala. This year marked the final chapter for the Eastern Bergen County Board of Realtors® as we have consolidated with The RealSource Association of Realtors®. This year's installation was truly special - Congratulations to the 2019 Executive team and Board of Directors. A special thanks to the outgoing directors for their commitment and dedication to the association. Thank you to Greg A. Davis from Davis Photography for capturing some great memories! Thank you to all of our ad sponsors and to our Gala Platinum Affiliate Sponsors: Robert Mitchell Khoury of Main Street Title; Steve Grossman of NJ Lenders Corporation, Jill Cadre of The Cadre Law Firm, James Chu of U.S. Bank.
INDUSTRY NEWS
Upstream Charts New Direction
   
UpstreamRE, LLC, owners of Upstream, the comprehensive real estate brokerage data management project created by a broad-based industry coalition, is finalizing an agreement with a new vendor to power the brokerage data platform. As a result, UpstreamRE, LLC, has amicably agreed to part ways with the National Association of Realtors® (NAR) and Realtors Property Resource® (RPR), its wholly-owned subsidiary and Upstream's technology development vendor.

LEGISLATIVE NEWS
After Amazon HQ2, Uproar in New York Over Real Estate 'Insider Trading'
   
Amazon.com Inc.'s deal for a second headquarters in Long Island City, N.Y., has prompted a state senator to draft legislation that would prohibit the buying or selling of real estate based on any nonpublic government action. Sen. Michael Gianaris, a Democrat who represents Long Island City, is drafting the proposed law.

TECH TIPS
Use Location Intelligence to Market Your Listings
   
It's not uncommon for real estate professionals to find new clients from word-of-mouth referrals and networking. But with the abundance of information now available online, property buyer and seller behaviors are shifting, and real estate agents need to find new ways to market and sell their services in order to stay relevant. One of the most recent advancements helping those in the real estate industry is location intelligence.


GLOBAL PERSPECTIVES
Paris, Madrid, Berlin Property Markets Expected to See Conga Line of Foreign Investors in 2019
 
Paris, Madrid and Berlin are the next hotspots for property investors, benefiting from curbs on foreign buying elsewhere and a frisky run-up in home values expected next year, according to an analyst at real-estate consultant Knight Frank. "There are no cooling measures in [continental] Europe," said Liam Bailey, global head of research at Knight Frank. "We are expecting in places like Paris, Madrid, and Berlin a price growth of between five and 10 per cent next year."


2018 AFFILIATE PARTNERS



Eastern Bergen County Board of REALTORS | 201.288.5000 | communications@bergenboard.com
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