THE General Membership Meeting Set — October 25Th
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PRESORTED STANDARD U.S. 19101 9 1 0 – 20052 0 0 5 SEPTEMBER, 2005 POSTAGE SPECIAL POINTS OF INTEREST PAID LIC NY 11101 • REALTORS AID HURRICANE VICTIMS... PERMIT NO. 808 95 DONATE TODAY . PAGE 1 YEARSY E A R S OFO F • 2006 LIBOR NOMINEES FOR OFFICER EXCELLENCEEXCELLENCE AND DIRECTORS. PAGES 1, 3 LongLong IslandIsland • MLS COMMITTEE APPLICATION FORM . PAGE 16 BoardBoard ofof RealtorsRealtors • LOCK BOXES – CONSIDERING THE RISKS. PAGE 20 THE ® CIRCULATION 25,000 The Voice for Real EstateTM OFFICIAL PUBLICATION OF THE LONG ISLAND BOARD OF REALTORS®, INC. www.mlsli.com™ General Membership Meeting Set — October 25th By Tricia Chirco Marketing & Sheraton using the conclusion, the fol- and Secretary, Michael Mendicino. Communication Director latest interactive lowing report was LIBOR members that would like to run technology. More given: President- for an office must submit a petition by The Long Island Board of Realtors®, Inc. details on this will elect, Linda Tuesday, October 4, 2005. All petitions must (LIBOR) will hold its General Membership follow in the Bonarelli, Queens be delivered to the Board Office in West meeting on Tuesday, October 25th at the October paper. Vice President, Babylon on that date no later than 5:00 p.m. Marriott Hotel, 101 James Doolittle Blvd., The LIBOR Walauddin (Buddy) Contact Lisa Gonzalez at ext. 350 for an Uniondale, New York. All Realtor® mem- Nominating Hoosein, Nassau application. bers who are present and in good standing Committee, chaired Vice President, Incoming President Gilbert A. Picard, will may vote at this meeting. Polls open at 9:00 by LIBOR’s imme- Marilyn Urso, begin serving his term in January 2006. Gil a.m. and close promptly at 2:00 p.m. diate Past President Suffolk Vice is the 67th LIBOR President and follows Gilbert Picard Mel Farkas, met on Linda Bonarelli President, Lisbeth Marian Fraker-Gutin who currently serves in The Board is also exploring the possibili- 2006 2006 LIBOR ty of holding a simultaneous General Incoming LIBOR Friday, September President-Elect English, Treasurer, that position. For 2002-04 Gil served as Membership meeting at the Smithtown President 9th. At the meetings Nominee Mohsen Zandieh, (Continued on page 4) Commission Escrow Act Update REALTORS® Come to Aid Hurricane Katrina Victims Commission Protection/Commercial Realtors® Donate Over 2.75 Million Dollars By Tricia Chirco Marketing & Hurricane Katrina. This fund is open to Issues Working Groups Meet in Albany Communications Director any resident of Mississippi. Relief appli- By Randy L. Kaplan year in both the New York State Senate as In the wake of Hurricane Katrina, cations are reviewed by MAR's six-mem- Director of Government Affairs S.193 and in the New York State Assembly as Realtor® organizations across the coun- ber board of directors every few days, A.3395, will allow disputed real estate com- try are rallying to provide relief to vic- and approved applicants will receive A joint meeting of the NYSAR Commission missions to be placed in an escrow account tims in Louisiana, Mississippi and relief amounts up to $2,500 per applicant. Protection and Commercial Issues Working until the matter can be resolved. Alabama. NAR launched the fund-rais- A proposal will be made to the LIBOR Groups recently took place in Albany to update The NYSAR working groups made rec- ing drive shortly after Hurricane Katrina Board of Directors on September 14th to our association on the status of the ommendations regarding the remaining swept through the U.S. Gulf Coast, wip- approve an initial donation of $25,000 to Commission Escrow Act including details of issues that the Bar Association has with our ing out cities in the three states. Initially, the Realtor Relief Foundation, which meetings with the New York State Bar bill including: our support for giving the NAR donated $150,000 will be taken from the Association and bill co-sponsorship. seller the right to recover attorney fees from toward relief efforts, LIBOR Disaster Relief The legislation, which was reintroduced this (Continued on page 10) but within a day, as the Fund established after extent of the suffering the Tsunami disaster. and devastation caused As it did after Sept, 11, MLS Reaches 2,500 Offices! by Hurricane Katrina 2001, to New York fam- became more clear, ilies and again recently association leadership to the Tsunami victims approved an additional across the world, $1 million contribution REALTORS® are mak- to the fund. The $1.15 million donated ing donations to help the victims. The by NAR was earmarked as seed money Realtor community is asking “What can to funds established by Realtor® associ- we do?” In response to that, the Long ations in Louisiana, Alabama and Island Board of Realtors® has estab- Mississippi. lished a system of accepting donations on State and local Realtor® associations behalf of the REALTOR Relief have also contributed to the Relief Fund. Foundation. If you wish to make a dona- An additional 1.6 million dollars has tion to help the victims of Hurricane been pledged as of September 9th, with Katrina, simply mail a check made more forthcoming, bringing the total of payable to: Realtor® contributions to $2.75 million. Relief Foundation MLS President Dan Ryan (right) and Suffolk County Vice President Chris Armstrong Contributions will be forwarded to funds c/o LIBOR (left) are pictured here welcoming Rosemarie Bodkin (2nd from left) and Susan such as the Mississippi REALTOR® 300 Sunrise Highway Belzak (2nd from right) of Belzak and Bodkin Realty in the Hamptons, Ltd. located Hurricane Relief Fund, which was estab- West Babylon, New York 11704 If in Westhampton Beach, to the Multiple Listing Service of Long Island, Inc. lished by the Mississippi Association of you wish to make a donation using your Rosemarie says, “We tell our Sellers in the East End that if their house is not on REALTORS® (MAR) after Hurricane credit card, call 631-661-4800, option 4. MLS — it’s a secret.” Rosemarie and Susan also own an office in Patchogue which Katrina struck. MAR is already in the For more information on the Realtor has been in business since 1990. The Westhampton office of Belzak and Bodkin process of accepting applications for Relief Foundation, visit the Realtor represents the 2,500th MLS office to open on Long Island. In the past five years, the relief assistance from victims of Only web site at mlsli.com. number of MLS participating offices has grown over 65%. 2 G September 2005 G ® THE REALTOR YOU MAY NOT KNOW EVERYTHING WE DO FOR OUR AGENTS, BUT THE WORD “EVERYTHING” JUST ABOUT SUMS IT UP. As agents of the New York metropolitan area’s largest real estate firm, our people achieve success at the highest levels. We give the best real estate people the best tools to get the best results. We’d like to do the same for you. If you’re ready to move your career to the next level, come be part of our growth. Call 631.549.7401 Ext.400. All inquiries confidential. Visit us at prudentialelliman.com/careers © 2005 Prudential and are registered service marks of The Prudential Insurance Company of America. Equal Housing Opportunity. Each Company Independently Owned and Operated. 3 G LIBOR Opposes Steep Slope Proposal in Town of Huntington September 2005 LIBOR recently testified against the the following statement at the meeting. violating the architectural integrity of the what might prove to be an overly costly Town of Huntington's onerous steep slope “LIBOR is strongly opposed to the unfair property. revision. It could affect appraisals. proposal at a town hall meeting. The pro- and overreaching revisions relating to land Some properties will be decreased in value Inevitably — overly sensitive legislation posal would negatively affect properties with a slope of 10% or greater in the Town because it is not feasible to make cost effec- impacts the cost of housing and living, mak- with a 10 percent slope or greater. If passed, of Huntington. The change will artificially tive-changes or additions to the property. ing it more expensive for sellers in the con- G it will restrict the expansion of existing increase the cost to current homeowners When homeowners go to sell their prop- struction process and buyers in the purchasing THE REALTOR homes, the building of new homes, and the who wish to improve their property.” erty - the increased costs will not be readi- process with minimal or no overall value." development of vacant land. LIBOR's Vice Many home owners will be precluded ly recouped because the purchaser will not LIBOR will continue to oppose and mon- President of Suffolk Linda Bonarelli offered from making such improvements without want to spend the additional money for itor any new developments on this proposal. REALTOR Habitat House Nearing Completion LIBOR Nominating Committee The Habitat for Humanity House being ® built in Central Islip for Tim and Candice Fowler is nearing completion. With just three Realtor Volunteer Build Days remain- ing, the house that Long Island Realtors built should be ready for occupancy some- time in November. Pictured above are members of the Nominating Committee that met on September 9th to determine 2006 LIBOR Officers and Directors. LIBOR Past President, Mel Farkas (5th from the right) serves as the committee chairperson. Official Notice of LIBOR Nominees ® To All REALTOR Members PROPOSED AGENDA ANNUAL MEMBERSHIP MEETING In accordance with the Bylaws of the Long Island Board of REALTORS®, the report of the OCTOBER 25, 2005 “The amount of effort that our members Nominating Committee is presented herewith. The 2006 slate of officers and directors of POLLS ARE OPEN 9:00AM — 2:00PM have put into this house has been extraordi- the Long Island Board of REALTORS® is as follows: nary — but so worthwhile.” says LIBOR Call to order President Marian Fraker-Gutin.