RCBOR Newsletter January '07 · THE ROCKLAND REALTOR OFFICIAL PUBLICATION of the ROCKLAND COUNTY...

February 2007

ROCKLAND COUNTY BOARD OF REALTORS THE VOICE FOR REAL ESTATE

Nettie Price – Nettie has been in real estate since 1981. At present, she is a licensedassociate broker with Century 21 Grand in the Pomona office. She has served as a directorof the Rockland County Board of Realtors for the past four years and during that time,Nettie was instrumental in the revision of the RCBOR Bylaws that created an all REALTORboard that enabled all members to vote and hold office. On December 1, 2005 the RCBORhonored Nettie as the 2005 Realtor of the Year in Rockland County. Nettie and her husband,Jules are life members of the W.P. Faist Ambulance Corp in Chestnut Ridge that they helpedfound. Nettie and Jules have two married sons and six wonderful grandchildren.

Raj Bajaj - Raj is a licensed associate broker with Remax Cornerstone Realty. A nativeof Rockland County since 1974, Raj held various management positions in IBM SupplyChain Operations and was Director of Sales at Solving International, a managementconsulting firm, before his real estate career. Raj is the current Vice President of the WestNyack Rotary Club Board. He lives in New City with his wife, Sheela and has 2 childrenShallini and Anish, son-in-law, Ashim and 2 grandchildren who live in New York City.Raj enjoys tennis, golf and travel.

Warren Switzler - In the past 23 years Warren has served as a classroom teacher, schoolprincipal, adult educator and lecturer in the suburbs of Washington D.C. as well as NYC. He hasheld titles of Property Manager, Operating Manager and Sales Agent in Manhattan, Queens, Nassauand Suffolk Counties. 1983 was the year he first acquired a real estate license. However, his schoolposition and family responsibilities resulted in real estate becoming a part time activity. In 2002 heand his wife, Arlene, found themselves empty nesters. Warren then joined IBNA Spoon River REin Stony Point. In March of 2006 he opened IBNA Greater Hudson Valley Homes in Highland Falls.He has four grown children, Anthony, Katharine, Victoria and Elizabeth, and a dog named Charlie.He is AKA "Poppy" to a four-year old grandson, Louie.

Denise Murphy – Denise was born in the Bronx and lives in Rockland County for 31years. Married 31 years to her husband, Jim, they have four children, Regina, Kristen, Jamesand Michael. Denise is a licensed broker and manager of the Weichert New City Office. Shehas been in real estate for eight years and before managing the New City Office, was a topproducer as a sales associate. Her prior work experience was in banking, and she currentlyowns weekly newspapers in Westchester County. Denise loves the ocean, reading, travellingand especially spending time with her family and friends.

| February 2007

ATTORNEYS*Moneesh K. Bakshi 845-624-0234Alan Goldstein 845-624-1771Kahn & Licker 845-638-0800Susan Keene 845-634-8181Steven Landau 845-639-6031R. Spencer Lauterbach 845-639-1699James Leopold 845-638-3938Deborah W. Loewenberg 845-638-4747Angelo M Lucrezia 845-634-6291Dennis D Michaels 845-348-0001Frank J Phillips 845-947-1100Julian Schulman 845-368-0104Rolf M Thorsen 845-942-4200

BANKSProvident Bank 845-369-8040Ulster Savings Bank 845-294-7922

BUILDERSMax Glazer 845-425-2230

CREDIT UNIONSPalisades Federal Credit 845-732-4242

ENGINEERSAndrew R. Yarmus 845-634-3580

ENVIRONMENTSumray Environ. Cons 845-634-3580

HOME INSPECTORSFTF Inspections CorpThe HomeTeam Inspection Service 845-357-8326

EMCO Home Inspection LLCHouseMaster of Rock/West 845-603-8134

United Inspection Consultants Inc 845-947-4577

HOME STAGING*Rockland Home Staging, LLC 845-731-9510

INSURANCEAnzisi Rubinoff Agency 914-777-3577Kevin Casey Allstate Agency 845-429-2500Liberty Mutual Insurance 845-639-4982Theodore Consulting Grp 845-357-2901

MORTGAGE BANKERSAmerican Home Mortgage 845-634-4460*Bank of America 914-286-5465Bank of New York Mtg Co 845-624-1084GFI Mortgage Bankers, Inc. 845-358-8000GMAC Mortgage 845-624-1100HSBC Mortgage Corp 845-353-7445Hudson City Savings Bank 201-818-5102Hudson Home Loans 845-634-1875M & T Mortgage Corp 845-440-2852Mortgage World Bankers, Inc 845-639-0240Union Federal Mtg Corp 845-624-3200Wells Fargo Home Mtg 845-638-6400

MORTGAGE BROKERSCitiMortgage Inc 914-478-3249HLB Mortgage Services 845-620-1422Home Capital Mtg Corp 845-965-9106MortgageOpt Corp 845-727-2000*United Fidelity Mortgage 845-638-1404Upscale Equities, Inc. 845-371-2622

PUBLICATIONSHome and Family Finance 845-732-4737

SOFTWARE APPLICATIONSSimple Remote 732-301-3966

TITLE INSURANCECommonwealth Land Title 845-634-7070Jade Abstract Co Inc 845-634-3345

*Welcome New Affiliates

AFFILIATESPLEASE SUPPORT YOUR ROCKLAND COUNTY BOARD OF REALTORS® AFFILIATES ANDRECOMMEND THEM TO YOUR CLIENTS AND CUSTOMERS

THE ROCKLAND REALTOROFFICIAL PUBLICATION of theROCKLAND COUNTY BOARD OF REALTORS300 North Middletown RoadPearl River, New York 10965(845) 735-0075 email: [email protected]

Our goal is to better inform our membership and providea vehicle for us to communicate with each other. This isyour newsletter. We invite you to submit articles and sug-gestions to Editor, Board of Realtors, 300 N. MiddletownRd., Pearl River, NY 10965 or call 735-0075

NEWSLETTER STAFFEDITOR: Warren SwitzlerASSOC. EDITOR: Karen Peters

Interested in advertising in this newsletter? Call 735-0075The Rockland County Board of REALTORS makes nowarranties and assumes no responsibility for theaccuracy of the information contained herein. Theopinions expressed in articles are not necessarilythe opinions of the Board of Realtors.

visit our website at www.rcbor.com

PRESIDENT’S MESSAGE

HOME STAGINGVISIT OUR WEBSITE

www.homestagingsystem.com

or call for consultationDecorating with Fabric

845.352.5064

| February 2007

We have celebrated the holiday season andthe installation of the 2007 Board membersand are now ready to undertake the work athand. However, before we go any further, Iwant to thank all who devoted their timeand energy maintaining a vital andconcerned Board in past years. We couldnot be where we are today without thosewho diligently performed before us.

This year we are off to a great start. Therewere about 170 agents at our first meetingwhere we clarified the new 2007 NYSdisclosure forms for Realtors. Everyonewho attended said it was perfect timing,since the new disclosures are in effect as ofthe first of this year. Roberta Bangs did agreat job. If you missed it, call the Boardoffice to find out about future courses.

Because it was so successful, we arealready planning our next meeting forFebruary 28th, so mark the date on yourcalendars now. If you were unable to attendthe first meeting, try not to miss this one.The program will deal with anti-trust issuesand there is a film that is very enlightening.It reveals how many real estate agents com-mit anti-trust violations in innocent com-ments on a daily basis. It will be a greatlearning experience. Throughout the yearwe hope to offer several programs that willhelp you further your real estate careers.

Also, included in this issue is a list ofmembers who head various committees.Please feel free to contact them and becomea member of a committee. This is yourprofessional organization and you areinvited to participate.

Please note there have been some changesto the 2007 Code of Ethics that have beenincluded in this issue. Take some time toreview them. As a reminder, NAR requiresyou to complete Code of Ethics trainingevery four years, so this is a good time tocall the Board and register for the nexttraining course.

Some of the events that we will beparticipating in the coming year are theOrange and Rockland Realtor Convention,Community Service Programs, RPAC,Lobby Day and the Installation of newofficers for 2008.

People will always need a place to live, toretire, to down size or to trade up. There isa market out there. Go to it.

I wish everyone a Happy, Healthy andProsperous New Year.

Nettie

2007 OFFICERS AND DIRECTORS

PRESIDENTNettie Price 354-5454

PRESIDENT-ELECTRaj Bajaj 364-0040

SECRETARYWarren Switzler 446-2657

TREASURERDenise Murphy 634-1668

IMMEDIATE PAST PRESIDENTRoberta Bangs 634-4202

PAST PRESIDENTMerrill Starostiak 634-0400

DIRECTORSAdam DiFrancesco 357-8100Elizabeth Rosenblatt 354-2554Marta Segarra-Allen 623-5200Ellen Murphy 358-9403Mike Nuzzo 357-4747Bill Thorne 634-7474Barbara Corrente 624-8100Diane Wanamaker 947-7700Rachel Taub 364-0007Sharon Tucker 632-5200

AFFILIATESDrew Kessler 638-9402Arcenio Pena 357-8326

THE FOLLOWING HAVE BEEN APPROVED AS REALTOR MEMBERS:

THE FOLLOWING HAVE BEEN APPROVED AS DESIGNATED REALTOR MEMBERS:

Anthony F Pollice Anthony F Pollice RealtySholom Rosenberg Sholom RosenbergJudeline Tamar Rouzard Risk Free Realty Corp

Timothy J Sullivan Timothy SullivanJames Valvano, II American Universal Realty LLC

MEMBERSHIP

Julissa Amaro Realty TeamsKatty Aponte Risk Free RealtyThomas C. Bolan Joyce RealtyEileen M. Carson Peterkin & Fitzgerald Christina Daniello-Jacbos Anthony F Pollice RealtyStephen Deats Weichert RealtorsEliezer Fonfeder Rodeo RealtyReka Foster GMAC RE ServiceMaxAnisa Guinosso Joyce RealtyLinda M. Harvey Morning Glory RealtyYolanda Hoey More & More RE Barbara J. Hogan Baer McIntoshFrances Jones Century 21 GrandTiffany Kirkland Joyce RealtyRosalie Kunert-Sauter Baer & McIntosh RE

Sheri L LaFurge IBNA Spoon RealtyCarol A. Lamm Mason Samett AssociatesSergio Lazo Prudential RandMary Y. Louie ReMax CornerstoneJanessa Mondestin Morning Glory RealtyShoshana M. Neiman Landslide RealtyDanilo D. Paunlagui Weichert RealtorsDenise Peterkin Diamond Homes & EstatesCarl A. Peters Prudential RandDebra A. Quinones ERA Tucker AssociatesChaya Rosenberg Sholom RosenbergAnne Marie Scouarnec Baer & McIntoshLucinda C. Sendra ERA Tucker AssociatesYvinson Tenemille Prudential Rand

| February 2007

RPAC$99.00 Contributors

$250.00 Capitol Club

Life Members

Roberta Bangs

Laurie DiFrancescoEd Glazer

Karen GlazerMarion Reichner

Russell WoolleyJean Yassky

Alan Yassky

Eugenia AndersonBernard AngelesAnthony BallettaHope BeauchampLen CarrDoug Cowie John D’ErcoleNoel DeLorenzo Adam DiFrancescoLeah FeinerAbel FerraroSolomon FuerstEd Glazer

Jacob GoldmunzerHarold GruneEd GuardaroAnnabelle HackettMarie HoeyMoshe HopsteinJoseph IlliparampilEvelyn KaganLonna KinV. KunjupillaiMarcy LawrenceLinda LipkinsEd Lopez

Harold MacCartneyRichard MancusoLinda MichaelsBrian NelsonMoshe NewhouseCarol NewmanMichael NuzzoAnthony OcchipiatiGail PosnackAntonio RedaChaya G RosenbergAdrianne SaundersSarah Schwab

Diane SnyderMerrill StarostiakMichael StarvaggiWarren SwitzlerMichael TauberLynn TegerRobert ThomasSharon TuckerStuart WeinbergerRichard WeismanThomas Yu

| February 2007

APPRAISAL CORNERYES – WE HAVE ENTERED A NEW CYCLE

After eight years of unprecedented appreciation – where thesun, the moon and the stars were all in perfect alignment, themajor economic factors have finally caught up to the market.

The changes from 2005 to 2006have been considerable as follows:

• Supply now outweighs demand.

• There are measurably more listings during2006 versus 2005.

• Sellers are reducing their asking prices.

• Houses are taking much longer to sell.

• Taxes, especially in North Rockland are taking a toll.

• Wages are not nearly keeping up with the 250% priceincrease from nine years ago.

In conclusion, if a homeowner really wants to sell their housein a 90 day period, you can bet that the sale will be less thanwhat it would have been during the last quarter of 2005.

All that being said, this is the first year that I have been doingmy “Market Performance Chart” that an accurate analysis ofthe market has been so difficult.

Although my best analysis is that we have experiencedsomewhere between 2% - 4% decline in values, there is notmany examples to meet the burden of proof. Some may agreethat the market is “flat” and that values have neitherappreciated or depreciated. This is true of many sales. Thereis, however, a few that would fall into the “decline” category.I believe that the first quarter of 2007 will make thingsclearer. So, considering all, I am going with a 2% decline.Therefore, last year’s typical BiLevel of $557,000 istoday 545,000.

Now, as for 2007, I believe that many of those sellers, who areselling and waiting, will get to a point where they must selland it will be 2007, that will experience the more obviousdecline in values – maybe in the 4% - 6% category. However,the year 2007 will give wages a chance to catch up to pricesand, hopefully, it will not be much longer before the cyclechanges again.

Cycles are inevitable. They will always come and they willalways go. Let’s just hope and pray that our present cycle isshort lived and that we will be moving onward and upward ina short time.

Happy New Year and God Bless.

Anthony Balletta

MARKET PERFORMANCE CHART - 40 YearsThe Chart below analyzes the market value of Rockland County's mostpopular home, the "48' Hi Ranch' from 1965 to the present. Thetypical house analyzed is a 10-15 year old 48' Hi Ranch with 4bedrooms, 2 1/2 baths, 2 car garage on a 1/3 - 1/2 acre site with noextras. The house is assumed to be in "average" condition and wouldbe located in Clarkstown.

The figures below are not from a Federal or State Index or from theLocal M.L.S. or Board of Realtors. The figures are a result of anannual personal study by Anthony Balletta (Licensed Real EstateBroder and Appraiser). The figures are only approximate and are notto be used for appraisal purposes.

YEAR APPRECIATION MARKET VALUE1965 0% $30,0001966 6% $32,0001967 6% $34,0001968 7% $36,0001969 9% $39,0001970 9% $42,0001971 9% $46,0001972 10% $51,0001973 7% $54,0001974 0% RECESSION $54,0001975 6% $57,0001976 6% $62,0001977 8% $67,0001978 10% $74,0001979 20% $89,0001980 9% $98,0001981 4% RECESSION $102,0001982 3% RECESSION $106,0001983 24% $132,0001984 23% $163,0001985 24% $202,0001986 22% $246,0001987 - 3% CORRECTION $238,0001988 - 3% CORRECTION $231,0001989 - 4% CORRECTION $222,0001990 - 5% RECESSION $211,0001991 - 5% RECESSION $200,0001992 0% $200,0001993 + 1% $202,0001994 + 1% $204,0001995 + 1% $206,0001996 + 1% $208,0001997 + 5% $218,0001998 +14% $248,0001999 +16% $287,0002000 +16% UNPRECEDENTED $333,0002001 +11% 8 YEAR PERIOD OF $370,0002002 +14% APPRECIATION $422,0002003 + 9% $460,0002004 +11% $511,0002005 + 9% $557,0002006 - 2% CORRECTION $545,000

(APPROXIMATE 8% ANNUAL APPRECIATION)

| February 2007

Roberta Bangs - Roberta is the Director ofTraining and Compliance at Prudential Rand. Sheis a 23 year veteran in real estate sales,management and training. Roberta also holds theABRM, GRI, ITI, and Prudential's CCDS designa-tions. She is a certified REBAC instructor, and areal estate instructor for RCBOR, RCC and PaceUniversity. She is also the author of severalapproved NYS continuing education courses. Veryinvolved in the community, Roberta is the VicePresident of the Nanuet Civic Assoc. and Treasurerof Hi Tor Animal Center. Roberta and her husband,Jon live in Nanuet with their two dogs. They havetwo grown sons, Al and Chris and four wonderfulgrandchildren.

Merrill Starostiak - Merrill is a licensed associatebroker and the manager of Coldwell BankerResidential Brokerage in New City. She has beenan active member of the Board for the past eightyears and has chaired many committees. Merrillwas the recipient of the Realtor Associate award in2000 and received the President's Award in 2003.Merrill was born and raised in Brooklyn andattended both Kingsborough Community andBrooklyn Colleges. She has twenty plus years ofexperience in sales and marketing. Merrill residesin New City with her husband and enjoys travelingand reading.

Adam DiFrancesco - Adam is a licensed associatebroker with Joyce Realty in Suffern. He was bornand has lived in Rockland for 29 years. Adam isgoing into his fourth year in Real Estate. He has aBA in Communication from Ramapo College ofNew Jersey. In his spare time, Adam enjoysshooting photographs and playing hockey.

Elizabeth Rosenblatt - Liz moved to RocklandCounty 12 years ago from South Florida. Liz is anassociate broker with Fuerst and Fuerst, Inc. Shealso started her own company in Florida and has aFlorida broker’s license. Liz is a certified aerobicsand line dance instructor as well as a certifiedpersonal trainer. She teaches country line dance andaerobics for the Town of Ramapo, JCC-Y, NorthRockland High School, RCC and the RetiredTeachers Association. Liz also teaches and dancesin Tappan every Thursday evening. She has adegree in Dental Hygiene that she received atColumbia. Liz has eight children and presentlylives in Wesley Hills. She takes cooking classes andenjoys cooking for her friends. Her hobbies includedancing, ice skating, water skiing, ceramics andcrocheting yarmulkes for her boys.

Marta Segarra-Allen - Marta has been a licensedRealtor with ERA Tucker Associates in Nanuetsince 2003. Marta retired from a successful careeras Vice President with JPMorgan Chase after thirtyone years where she managed Retail CustomerService Delivery. Marta holds a B.A. from FordamUniversity, as well as a business certification as aCertified IRA Service Professional (Institute ofCertified Bankers). Along with her husband, Zeke,they have lived in Valley Cottage for over fifteenyears, and have raised three sons, Paul, Zeke, andMatt.

Ellen Murphy - Ellen has been a salesperson withBaer & McIntosh Real Estate in Nyack since 2003.Her prior work experiences include more than 20years with the Rockland Children’s PsychiatricCenter, where she did fund raising, outreach andpublic relations; journalism and free-lance writingand one-year stint on the staff of a member of theNY State Assembly. She is a lifelong Rockland res-ident and holds a BS Degree in Fine Art fromSkidmore College.

Michael Nuzzo - Mike is a licensed broker and themanager of Weichert Realtors’ in Suffern. He hasbeen in real estate since 1988. Mike has chairednumerous committees and received RealtorAssociate of the Year for the United Association ofRealtors and Realtor Associate of the Year for theState of New Jersey in 1997. He is a 1970graduate of Montclair State University where hereceived a B.A. in Education. Mike resides in NewJersey with his wife, Angela and has three children,Michael, Marc and Brielle.

William Thorne - Mr. Thorne is an experiencedand results oriented real estate consultant with abroad base of knowledge and experiences. Heutilizes his more than three decades of successfulmanagement, strategic planning, and competitivemarket development experiences to delivercomprehensive services to his clients, whether theyare buying or selling. This former combat Marineand Vietnam Veteran is a dedicated and caringfamily man; he lives in Wesley Hills with his wife,Rhonda and children, Drew and Esther. He serveshis community through volunteerism. Mr. Thornehas been twice awarded the Purple Heart Medal forwounds sustained in combat and he is the proudrecipient of numerous personal and unit awards forleadership and excellence…in the proudesttraditions of the U.S. Naval Forces. During the pastfive years he has served as Santa Claus for about200 children in Spring Valley and veteranshospitalized at the Franklin D. Roosevelt VeteransHospital at Montrose, NY. From late Octoberthrough the middle of December, each year, youcan find Mr. Thorne involved in the collection oftoys for The Marine Corps Reserves’ Toys for TotsProgram. He is a Department of Veterans AffairsRegistered Real Estate Broker, providingspecialized services for veterans seeking to buy ahome. Bill is affiliated with Century 21 Grand,New City.

Barbara Corrente - Barbara is a licensedassociate broker with Prudential Rand Realty. Shewas born in the Bronx and has resided in ValleyCottage for nineteen years with her husband, Joeand her daughters, Lauren and Jenna. Barbara isstarting her thirteenth year in real estate and hasbeen an active member of the Board. Barbara wasthe 2002 recipient of the Realtor Associate Awardand received the 2006 President’s Award. Prior toher real estate career, Barbara was the Director ofTherapeutic Recreation in hospitals and nursinghomes. Barbara attended Queens College andLehman College, where she received a B.S. inTherapeutic Recreation and minored in Psychologyand Communications. Barbara enjoys involvementin the community, reading, dancing, traveling andspending time with family and friends.

Diane Wanamaker - Diane is a broker and co-owner of Country Sun Realty. She was born in theBronx and has been a Rockland resident for fortyplus years. Diane is starting her fourteenth year inreal estate and has prior working experience in boththe banking and accounting fields. She has been amember of the Rockland County Board ofDirectors for the past four years and has previouslyserved as Treasurer. Diane lives in Stony Point withher husband George. She and George have twodaughters, Jen, 24, living in Boston and Kristen,21, attending college in Rhode Island. Diane lovesto read, travel, redecorate their home and spendtime with family and friends.

Rachel Taub - Rachel an associate broker has beenin the Real Estate business for more than 20 years.Together with her husband, David, an actuary, theyraised their three children in the “country”. Theymoved from Brooklyn in 1984 and have made theirhome in Monsey/Wesley Hills. Rachel is active inmany charitable organizations. Six years ago herdaughter Miriam Perkowski joined the business,and they are now known as the #1 Mother DaughterTeam. In her “free” time she enjoys hergrandchildren and loves to shop.

Sharon Tucker - Sharon is owner/broker of ERATucker Associates, which is located in Nanuet. Shewas born in the Bronx and raised in Yonkers.Sharon attended STAC, where she received a B.S.in accounting. Sharon has lived in Westchester,Putnam, and Rockland Counties. Prior to her careerin real estate, Sharon was a Chief Financial Officer,Corporate Controller and Benefits Administratorfor an international medical manufacturer. Sharonis married to her hudsband, Wayne, who is also inthe business. Together they are raising two boys,Alex and Matthew, who round out their life. Sharonwas 2003 President for Rockland County Board ofRealtors, Realtor of the Year in 2006 and is current-ly a State Director for New York State Associationof Realtors.

Drew Kessler - Drew is a Senior MortgageConsultant with Hudson Home Loans. He enteredresidential financing in 2001 with M&T MortgageCorporation. Drew is a native Rocklander andcurrently lives in the county with his wife Callieand their three children. He is currently Presidentof the Rotary Club of North Rockland and is pastrecipient of the Rockland County Board ofRealtors’ “Affiliate of the Year” award.

Arcenio Pena - Arcenio is the President of theHomeTeam Inspection Service, a national franchiseand has been performing home inspections forseven years. He is licensed in New York and NewJersey. Before becoming a full-time homeinspector, he worked in electrical engineering. Hewas also a project manager for TishmanConstruction, a major New York constructioncompany, for seven years and has worked in allphases of construction and project management.Arcenio has been a Rockland County resident for17 years. He is very active in his church andcommunity services. Arcenio lives with his wifeand three children in Montebello.

2007 DIRECTOR

| February 2007

REVISED AGENCY DISCLOSURE FORMTAKES EFFECT JANUARY 1st

Beginning on January 1, 2007, all real estatelicensees will be required to use a new agencydisclosure form (RPL 443). The new formwas approved by state lawmakers in 2006.Although the new formatting change(separate form for sale and lease transactions)is noteworthy, we would like to draw yourattention to the fact that when you areexplaining agency options you shouldindicate that you cannot provide undividedloyalty as a “designated sales associate.”

In the past when you have served as adesignated agent, you should have attached anotice to the listing agreement whichexplained your role as a designated salesassociate. The new agency disclosure formnow includes a section on “Dual Agency withDesignated Sales Associates,” thuseliminating any need for a separate form.

In the old designated agency attachment,typically you would have explained howdesignated agency would work including yourability to provide undivided loyalty. The newform describes designated agency and statesthat a designated agent cannot provideundivided loyalty.

The new RPL 443 Disclosure Noticespecifically addresses the duties of adesignated agent with regard to undividedloyalty in accordance with the common law ofagency. Designated agents are a subset of dualagents who cannot provide the full range offiduciary duties, as they are required to actwith “fairness” to each party and to respectthe “confidential information” of each party.The dual agent “is under no duty to discloseand has a duty not to disclose to one principalconfidential information given to him by theother, such as the price that he is willing topay.” (Restatement of the Law (Second),Agency, Section 392).

The change in the statutory disclosure noticedoes not fundamentally alter the ability of adesignated agent to be effective as anadvocate for the buyer or seller for whom theagent is designated. In seeking to arrangea mutually agreeable transaction, thedesignated agent simply must function withinthe boundaries of “fairness” to both partiesand must not reveal confidential informationsuch as the other party’s “bottom line,” whichwas revealed in confidence to a licensee or thefirm with which the licensee is associated.

For New 2007 Agency Disclosure Forms logonto www.dos.state.ny.us.

REALTOR CODE OF ETHICS CHANGESTAKE EFFECT JANUARY 1st

Every May and November the NationalAssociation of REALTORS approves andimplements changes to the REALTOR Codeof Ethics. This year’s changes reflectREALTORS increasing reliance on theInternet as a transactional and marketing tool.

A Joint Work Group of the Interpretations andProcedures Subcommittee and the MultipleListing Issues and Policies Committeedeveloped a list of 26 key issues andconcerns. From the issues identified, 54recommendations were developed andpresented to the Professional StandardsCommittee and the Multiple Listing Issuesand Policy Committee. While not all of thoserecommendations were acted on, you andyour agents should be aware of the changesthat are scheduled to take effect in early 2007.

The Delegate Body defined “electronically,”“electronic means,” “technology,” and“technological means.”

Standard of Practice 1-2 amended. As it nowreads: The duties imposed by the Code ofEthics encompass all real estate - relatedactivities and transactions whether conductedin person, electronically or through any othermeans.

A New Standard of Practice related to Article9 - When electronically assisting or enablinga client in establishing a contractualrelationship (e.g., listing and representationagreements, purchase agreements, leases,etc.), REALTORS shall make reasonableefforts to explain the nature and disclose thespecific terms of the contractual relationshipbeing established prior to it being agreed to bya contracting party.

Standard of Practice 12-5 amended. REALTORS shall not advertise nor permitany person employed by or affiliated withthem to advertise listed property in anymedium without disclosing the name of thatREALTOR’s firm in a reasonable and readilyapparent manner. (Adopted 11/86). Amended5/2006.

New Standard of Practice related to Article 12- REALTOR firm websites shall disclose thefirm’s name and state(s) of licensure in areasonable and readily apparent manner.Websites of REALTORS and non-memberlicensees affiliated with a REALTOR firmshall disclose the firm’s name and thatREALTOR’s or non-member licensee’sstate(s) of licensure in a reasonable andreadily apparent manner.

New Standard of Practice related to Article 12- The obligation to present a true picture in

representation to the public includesinformation presented, provided or displayedon REALTOR websites. REALTORS shalluse reasonable efforts to ensure thatinformation on their websites is current.

New Standard of Practice related to Article 12- REALTORS intending to share or sellconsumer information gather via the Internetshall disclose that possibility in reasonableand readily apparent manner.

New Standard of Practice related to Article 12- REALTORS obligation to present a truepicture in their advertising and representationto the public includes the URLs and domainnames they use, and prohibits REALTORSfrom:

- Engaging in deceptive or unauthorizedframing of real estate brokerage websites.- Manipulating (e.g. presenting content devel-oped by others) listing content in any way thatproduces a deceptive or misleading result.- Deceptively using metatags, keywords orother devices/methods to direct, drive ordivert Internet traffic, or to otherwise misleadconsumers.

New Standard of Practice related to Article 15- The obligation to refrain from making falseor misleading statements about competitors’businesses and competitors’ business prac-tices includes the duty to not knowingly orrecklessly repeat, retransmit or republish falseor misleading statements made by others.This duty applies whether false or misleadingstatements are repeated in person, in writing,by technological means (e.g. the Internet), orby any other means.

Standard of Practice 17-4 amended - Where alisting broker has compensated a cooperatingbroker and another cooperating broker subse-quently claims to be the procuring cause ofthe sale or lease. In such cases the com-plainant may name the first cooperating bro-ker as respondent and arbitration may proceedwithout the listing broker being named as arespondent. When arbitration occurs betweentwo (or more) cooperating brokers and wherethe listing broker is not a party, the amount indispute and the amount of any potentialresulting award is limited to the amount paidto the respondent by the listing broker and anyamount credited or paid to the party to thetransaction at the direction of the respondent.Alternatively, if the complaint is broughtagainst the listing broker, the listing brokermay name the first cooperating broker as athird-party respondent. In either instance thedecision of the hearing panel as to procuringcause shall be conclusive with respect to allcurrent or subsequent claims of the parties forcompensation arising out of the underlyingcooperative transaction.

2007 UPDATE

INSTALLATIONDINNER DANCE 2006

| February 2007

2007Board ofDirectors

2007President

NettiePrice

Chuck Cannizzaro Presented Drew KesslerWith Affiliate Of The Year Award

James Leopold Accepting The 2006Installation Sponsor Recognition Award

2007 President, Nettie PriceBeing Sworn In

2006 Realtor Of The Year, Sharon TuckerAnd 2006 President, Roberta Bangs

2006 President Roberta BangsPresents Barbara Corrente

With 2006 President’s Award

| February 2007

2006 President Roberta Bangs PresentsJoe May Of American Home Mortgage

The 2006 Installation SponsorRecognition Award

Chuck Cannizzaro Of Hudson Home LoansAccepted The 2006 Installation Sponsor

Recognition Award

Joe Moskovic Of GMAC MortgageAccepted The 2006 Installation Sponsor

Recognition Award

2006 Board Of Directors

2005 President Merrill Starostiak PresentsRoberta Bangs With Immediate Past

President Award

2006 President Roberta BangsPresents Arcenio Pena

Of The HomeTeam InspectionThe 2006 Installation Sponsor

Recognition Award

Thank you to our sponsors not picturedGarden State Mortgage & Wells Fargo Home Mortgage

EXECUTIVE BOARD MEETING MINUTES

| February 2007

Attendance

Nettie PriceRoberta BangsMike NuzzoAdam DiFrancescoEdward SumberWarren SwitzlerDrew KesslerArcenio PenaDenise MurphyRachel TaubBarbara CorrenteLiz RosenblattDiane WanamakerSharon TuckerRaj BajajMerrill StarostiakEllen MurphyMarta Segarra-Allen

Nettie Price called the meeting to order,followed by Salute to the Flag. Nettiereported on committee chairs and co-chairsfor 2007

Program - Merrill StarostiakEducation - Sharon TuckerNewsletter-Warren SwitzlerMembership-Barbara CurrentCommunity Service-Drew Kessler, Chair;Mike Mezzo-Vice ChairProfessional Standards-Roberta BangsGrievance Committee-Denise Murphy,Chair; Ellen Murphy-Vice ChairPublicity-Diane WanamakerLong Range Planning-Raja BajaLegislative-Bill ThorneBylaws-Ellen MurphyPAC-Adam DiFrancescoFair Housing-Marta Seagram-Allen, Chair;Elizabeth Rosenblatt, Vice ChairOrange & RocklandConvention Liaison-Rachel Tub

Roberta Bangs motioned to acceptcommittee chair, Rachel Tub second,motion carried.

Merrill Starostiak motioned to accept theminutes from the December board meeting.Roberta Bangs second, motion carried.

Introduction of members was followed by apresentation by Ed Somber, Counsel to theBoard. Ed explained the operation andpurpose of the board, its financials, as wellas the functions, responsibilities andprotections of its directors.

Old Business: The office renovation still indiscussion. Naomi Stretcher gave apersonal recommendation for Kim Sipperas architect. Roberta Bangs motioned toselect Sipper as architect, Merrill Starostiaksecond, with no further discussion, motioncarried.

Nettle Price appointed Rachel Tub,Armenia Pena and Karen Peters to acommittee to oversee the renovation.Roberta Bangs motioned to accept, DianeWanamaker second, motion carried.

Sandy Comely of the Pearl River Schooldistrict is looking for support from theboard to print a small brochure for allRealtors to provide to their customers andclients. Roberta Bangs motioned to agree to thisbrochure for all public schools, MerrillStarostiak second, motion carried.

Education: Sharon Tucker reported on anew facility to help the overflow forcontinuing education classes. HiltonGardens in Nanuet has 2 rooms that willaccommodate 70-75 people.

Professional Standards: Roberta Bangsreported on the decision of an ethicshearing panel. The committee concludedthat an agent had, in fact violated Section16 of the Code of Ethics resulting in aletter of reprimand, required attendance of3 hour Code of Ethics course; and a$200.00 fine. Roberta Bangs motioned toaccept hearing panel decision, SharonTucker second, motion carried. RobertaBangs recommended all board membersattend the Professional Standards Trainingwith 6 hour class on 3/15/07 in Westchester.

PAC: Adam DiFrancesco reported 2007Goal- $24,615. YET Collections -$12,643.

Membership: Barbara Current motioned toaccept Designated Realtors, and Affiliatemembers, Roberta Bangs second.

Discussion on two members with the samename, board office will make sure one ofthe names will include a middle initial.Motion carried.

Treasurers Report: Denise Murphymotioned to accept the treasurers report,Roberta Bangs second, motion carried.

Bylaws: Amendments from November2006 approved as in full compliance withKNAR requirements.KNAR has issued a mandatory bylawchange for Article VIII (use of the termsREALTOR and REALTORS) RobertaBangs motioned to accept this KNARMandatory change, Raja Baja second,motion carried.

Article VS. is an optional change to ourbylaws- this change will be sent back tobylaws committee for further discussion.

Programs: February 28th, Member Benefit- "Caught on Camera" 3 Hour C/E Class onanti trust.

Legal: Ed Sumber reported on the follow-ing:1. New 443 Agency Disclosure Form.Single sheet back to back. DOS will notenforce for a minimum of 3 months.2. Canadian company-Point TwoTechnologies is an international MLS - hasno board affiliations.3. Sales Activity-Austin, Texas and LasVegas hot, Nevada and California not.Lowest in 10 years. NYC has lowestvacancy rate in the country; Colorado hasthe highest at 11.8%.

Presidents Report: Nettie reported wereceived a request to support Nick Gigantefor NYSAR Secretary/Treasurer. RobertaBangs motioned to abstain as Hank Fries isalso running. Both candidates are held inhigh esteem by RCBOR. Merrill Starostiaksecond, motion carried.

Meeting Adjourned.

[email protected]

Rockland County Board of RealtorsExecutive Board MeetingJanuary 17, 2007

| February 2007

| February 2007

MEMBER BENEFIT3 HOUR CONTINUING EDUCATION COURSE

CAUGHT ON CAMERA - ANTITRUST IN THE 21ST CENTURY9:00AM –12:00PM

atThe Comfort Inn

Route 59, Nanuet, New York

$10.00/MEMBERS • $55.00/NON-MEMBERSInstructor: Roberta Bangs

Name_________________________________________________

Agency_____________________________Phone #____________

Check______ Visa_____ M/C______ AmEx______

Account #____________________________Exp Date__________

Signature______________________________________________

| February 2007

GET INVOLVED...JOIN A COMMITTEE!PROGRAMS ................ Merrill Starostiak, Chairperson [email protected] ................ Sharon Tucker, Chairperson [email protected] ............ Warren Switzler, Chairperson [email protected] ............ Barbard Corrente, [email protected]

COMMUNITYSERVICE...................... Drew Kessler, Chairperson [email protected].................................... Mike Nuzzo, Vice Chair [email protected]

PROFESSIONAL STANDARDS................ Roberta Bangs, Chairperson [email protected]

GRIEVANCECOMMITTEE................ Denise Murphy, Chairperson [email protected].................................... Ellen Murphy, Vice [email protected]

PUBLICITY .................. Diane Wanamaker, Chairperson [email protected] LONG RANGE ............ Raj Bajaj, Chairperson [email protected] LEGISLATIVE .............. Bill Thorne, Chairperson [email protected] ...................... Ellen Murphy, Chairperson [email protected]............................ Adam DiFrancesco [email protected] HOUSING .......... Marta Segarra-Allen, Chairperson [email protected].................................... Elizabeth Rosenblatt, Vice [email protected]

O & R Convention ........ Rachel Taub, Liaison [email protected]

Get Involved ….Join A CommitteeRCBOR encourages every member to get involved in your own organization. The power of the Board can only be realized with participation. We have in place several committees and encourage every member to participate in one of them.

The Community Service Committee is to organize our membership for the benefit of local charities.

The Legislative Affairs/RPAC Committee is to organize our membership for the purpose of influencing our local government andour local representatives to state and national government.

The Education Committee is to develop and provide continuing education courses to inform realtors of any changes in the realestate industry.

The Program Committee works to provide general membership meetings for networking and information.

The Membership Committee welcomes new licensees into the Rockland County Board of Realtors.

The Professional Standards Committee ensures all members abide by the NAR’s Code of Ethics.

The Publicity Committee informs the public of benefits of using a realtor member.

The Newsletter Committee helps to bring information to our membership.

Please join one of our committees and help us fulfill the mission of our organization. Fill out the application below and fax it tothe RCBOR Office at (845) 735-0415.

Get Involved Committee Application

Name ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Agency ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Phone # ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Email ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Committee ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

At Home Study Courses – CD ROM Available at the Board OfficeIndependent Study Red Flags 3.5 Credits Computer Based At HomeIndependent Study Fair Housing 3.75 Credits Computer Based At HomeIndependent Study Introduction to Commercial Real Estate Sales 3.75 Credits Computer Based At HomeIndependent Study Real Estate Finance Tax Issues 7.5 Credits Computer Based At HomeIndependent Study Investment Property – Practice & Management 7.5 Credits Computer Based At HomeIndependent Study New York C/E Pac 1 22.5 Credits Computer Based At HomeIndependent Study New York C/E Pac 2 22.5 Credits Computer Based At Home

MEMBER NON-MEMBER

SALES QUALIFYING $325.00 ------------BROKERS QUALIFYING $250.00 $325.00APPRAISAL QUALIFYING 30 Hr-$350.00/plus materials / 15 Hr-$200.00/plus materialsCONTINUTING ED. $10.00/Ea Credit (or as listed with a specialty course) Call Board Office

FULL NAME ___________________________________________________________________________________

COMPANY ____________________________________________________________________________________

HOME PHONE ______________________________ BUSINESS PHONE ____________________________________

COURSE TITLE DATE TUITION

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

| February 2007

EDUCATION

Check payable to RCBOR $________________________ VISA/MC # ______________________________________(ENCLOSED)

Exp Date_____________________________________ Signature _______________________________________Charge Registration accepted by phone 735-0075 or Fax 735-0415 • Mail to: RCBOR, 300 N Middletown Rd, Pearl River, NY 10965

CONTINUING EDUCATION –

FEBRUARY14th Buyers Preference: Part II

9:00am - 1:30pm (CE 4.5)22nd MLXchange Overview

6:30pm - 9:30pm (CE 3)23rd Real Estate & Taxes:

9:00am - 4:00pm (CE 6)28th Member Benefit: Caught on Camera

9:00am - 12:30pm (CE 3)

MARCH2nd All Around the House: Inspecting a Home

9:00am - 1:30pm (CE 4.5)7th Grieving Assessments

9:00am - 12:00pm (CE 3)15th Understanding Appraisal Principles

9:00am - 12:00pm (App & RE CE 4)15th Valuation of High End Res Prop

2:00pm - 5:00pm (App & RE CE 3)19th Doing the Right Thing: Bus Ethics

6:30pm - 9:30pm (CE 3)22nd Agency 101

6:30am - 9:30pm (CE 3)26th Fair Housing

9:00am - 12:00pm (CE 3)

28th Orange & Rockland [email protected]

29th Periodic Code of Ethhics9:00am - 12:00pm (CE 3)

APRIL 11th, 18th, 25th, May 2nd &9th Accredited Buyer Representative

6:30pm - 9:30pm (CE 15)12th Grieving Assessments

6:30pm - 9:30pm (CE 3)16th Fair Housing

6:30pm - 9:30pm (CE 3)30th Agency 101

9:00am - 12:00pm (CE 3)

QUALIFYING EDUCATION –

FEBRUARY20th Evening – Mon/Tues/Thurs

RCC, Suffern (2/20 - 3/27)

APRIL16th Day Acc - Mon – Thurs

RCC, Haverstraw (4/16 - 4/26)23rd Evening – Mon/Tues/Thurs

RCBOR (4/23 - 5/29)

APPRAISAL EDUCATION- (Location: RCC, Suffern)

MARCH26th R1 - Intro into Real Estate Appraisal

Mon & Wed (3/26- 4/25)(5:45pm - 9:45pm)

MAY2nd R2 - Valuation Principles & Procedures

Mon & Wed (5/2 - 5/30) (5:45pm - 9:45pm)

JUNE4th AQ-1 Fair Housing, Fair Lending/Environ

Mon & Wed (6/4 - 6/13) (5:45pm – 10:00pm)

18th National USPAPMon & Wed (6/18- 6/27) (6:00pm – 10:00pm)

| February 2007

ANZISI RUBINOFF AGENCYINSURANCE AND FINANCIAL SERVICES, Since 1960

(845)398-3586 • (914)777-3577 • Fax (914)777-3788Ask for Mike Rubinoff

We have many realty clients in the Rockland area. Let us show you how realty offices can have their own small groupHEALTH INSURANCE PLANS, as well as coverage for their 1099 Sales Associates.

Our primary business is providing small group health plans, and employee benefit programs. There are many insurancecompanies offering low cost effective health plans. Our focus is on researching and reviewing each clients needs on anannual basis. Every Clients Benefit Needs Are Reviewed Annually. We work with all insurance companies to ensure thatwhen new plans come to the market, our clients will have the newest, best and most cost effective plans available for theiroffices. Call us for a free quote, or visit us at our Westchester or Rockland offices.

Below are a couple of plans which may be appropriate for your business.

Non Referral Plans

Quotation Date: 1/15/2007 Quotation Date: 1/15/2007Effective Date of Coverage: 3/31/2007 Effective Date of Coverage: 3/31/2007

Oxford Metro Oxford Metro25/50 EPO 25/50 EPOIn-Net Out-Net In-Net Out-Net

Deductible: N/A N/A Deductible N/A N/ACoInsurance: 100% N/A CoInsurance: 100% N/ACoPay $25. Rx: 15/30/60/100 Ded. CoPay: $25. Rx: 15/30/60/100 Ded.Hospital Copay: See Benefits OOP Out: N/A Hospital CoPay: See Benefits OOP Out: N/ASingle 1 $282.16 Single 1 $304.29EE w/Spouse 1 $620.75 EE w/Spouse 1 $669.43EE w/Children 1 $522.00 EE w/Children 1 $562.94Full Family 1 $874.70 Full Family 1 $943.31

CLARKSTOWN CENTRAL SCHOOL DISTRICT

Re: Little Tor Homes Development

Plans are drawing closer to the construction of new homes on the parcel of land previously known as Smith Farms.The largest development is known as Little Tor Homes and will include approximately 55 homes.

This is to inform all realtors from the start, that the elementary-aged students residing in this development will attendLittle Tor Elementary School, NOT Woodglen Elementary School. More specifically, they will begin attending LittleTor School as soon as we complete the addition to that school which has already been approved by the voters and iswell along in the preparation process.

If any homes precede the completion of the addition to Little Tor Elementary, the elementary-aged students residingin this development may be assigned to any of Clarkstown’s ten elementary schools, though we will naturally try tolocate them as close to the development as possible. We hope that this awkward transition will not occur. However,Woodglen is a school already housing the highest number of elementary students in the district and we need toprotect its quality by not assigning an excessive number of students, even in the short run.

All elementary-aged students who will attend Little Tor Elementary will be transported to and from the school.

The students in the Little Tor Homes development will attend the Felix Festa Middle School and North High School,as you would anticipate.

Properly conveying this information to prospective buyers will help avoid customers who are later upset with youand the Clarkstown Central School District.

Rockland County Board of Realtors300 North Middletown RoadPearl River, New York 10965

PRSRT STDU.S. Postage Paid

Monsey, NYPermit No. 5455

DATES TO REMEMBER

Member Support Hotlines:

Supra Support: (877) 699-6787MLXchange Support: (888) 825-5472MLS & OCAR: (845) 294-7905NYSAR Legal: (518) 436-9727

(Mon-Fri 9am-1pm)

Internet:RCBOR: RCBOR.comNAR: Realtor.orgNY State Assoc: NYSAR.comNY State: DOS.STATE.NY.US

February 5th-8thNYSAR Business MeetingsAlbany, New York

February 28thCaught on CameraAntitrust in the 21st CenturyMember Benefit Continuing Education Course9:00am-12:00pmsee page 12 to register

RCBOR Newsletter January '07 · THE ROCKLAND REALTOR OFFICIAL PUBLICATION of the ROCKLAND COUNTY...

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