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September 24, 2018
SIMLS BOARD OF DIRECTORS - FOR 2019
Call for Nominations
Election Day is Thursday, October 18, 2018
The Excelsior Grand
download notice and application
Submission Deadline is Monday October 1, 2018
LEGAL UPDATE - AL FAZIO, ESQ.
 
 
Listing Contracts - Verify the Owners of Contracts

You receive a phone call from Mrs. Manicotti who tells you it is time for her to sell her home.  Her children are grown and have moved away and she is ready to downsize and put the property on the market for sale. You meet with her, review your agency disclosure requirements, provide a comparative market analysis and she signs your exclusive right to sell listing contract.  The property is marketed, open houses are conducted and a prospective purchaser is obtained. 

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NEW YORK WHEEL UPDATE

Effort to Bring Observation Wheel to New York Nears Futility 

The investors behind plans to develop a 630-foot high observation wheel on Staten Island say they are about to pull the plug on the partially completed project, all but ending a six-year effort to bring the attraction to New York City.
Lead partners Lloyd Goldman and Jeffrey Feil, who control separate commercial real-estate firms, said in an interview that they are close to abandoning their plans to build the wheel because the city has denied their request to support a tax-exempt bond issue.

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GLOBAL PERSPECTIVES
October 22 at the New York Marriott Marquis
 9:00am Conference, 5:00pm Cocktail Reception
breakfast and lunch included

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Featured Speaker
Hillary Hertzberg
The Jills Group



Developers Aren't Sweating the Drying up of Foreign Capital

Chinese investors, a driver of U.S. trophy asset pricing in recent years, reversed course in Q2 and became a net seller for the first quarter since 2008. The investor bloc sold nearly $1.3B in U.S. assets while only buying $126M during the time frame. Even though the group appears to be retreating, developers say foreign investment still wants to be in the U.S. "There is no shortage of money anywhere, and it can often surprise you," AllianceBernstein co-head and co-Chief Investment Officer Brahm Cramer said at Bisnow's National Real Estate Finance Summit event Thursday. 

REALTOR SAFETY
 
 
52 Safety Tips for REALTORS

It's agent safety month in the real estate industry - happy September!
We've been thinking about agent safety all month, from our special report about how safe agents feel on the job to contributed articles about open-house safety and beyond.


MEMBER BENEFITS

Get to Know Your Market with Marketstats by ShowingTime

Dive deep into the housing market!  We'll show you how to use InfoSparks and FastStats to understand the housing market better than ever before.  As we demo these great statitics tools, we'll talk about how to use the data for your business, with your clients, and as tools for marketing.  This is a webinar you will not want to miss.


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RCREI DESIGNATION CLASS
Seniors Real Estate Specialist Designation (SRES)

Octo ber 3-4
9:00AM-5:30PM
15 hrs CE
FREE to SIBOR Members

They're not your average grandparents.  Get up to speed with the SRES designation

Develop the business-building skills and resources for specialization in the 50+ real estate market by: expanding your knowledge of how life stages impact real estate choices; connecting to a network of resources and fostering empathy. This course satisfies 2 Hours of Law of Agency for NYS license renewal.


FLOOD INSURANCE
Talking to Your Real Estate Clients About Flood Insurance

As a real estate agent, I wear many hats. In working with clients to navigate the ins and outs of buying or selling a home, I share my knowledge of the market, help them find properties and neighborhoods that best fit their needs and lifestyle and walk through the intricacies of paperwork and legal procedures.
But, because my business is located in Florida, many of my clients face an additional consideration, flooding

INDUSTRY NEWS
Is Affordability Challenges Keeping Millennials on the Sidelines

Affordability is fading fast-and although millennials are eager to enter the market, and succeeding, they're bearing the brunt of the challenge, according to recent research.
 
Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason for remaining a renter.

Is Buying a House a Better Investment Than the Stock Market?

Owning real estate is often the biggest financial commitment someone will make, while investing in stocks is generally a key component of building wealth. Using data from the Federal Housing Finance Agency and Yahoo Finance, we compared housing prices and stock prices over the past couple of decades.
In that time, stocks have clearly had higher returns - but there are a few caveats. This is a simplified comparison meant to reflect on past performance. The best decision for your money depends on your individual circumstances and needs.

10 Real Estate Pros Share Their Favorite Way to Market Active Listings

Today's real estate agents have countless ways to spread the word about new home listings. From the MLS and email blasts to social media, you can reach a wide network of potential buyers and brokers with just a few clicks. But which methods are working best for successful industry professionals?
We asked a panel of Forbes Real Estate Council members to share their favorite tool or strategy for marketing their new and active listings.

AFFILIATE PARTNERS 
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