PRESORTED STANDARD U.S.
Thursday, June 9, 2011 POSTAGE 9:00 a.m. - 4:30 p.m. (Registration Opens 8:15 a.m.) 23rd LIBOR Education Crest Hollow Country Club 8325 Jericho Turnpike, Woodbury, NY 11797 PAID
FEATURING KEYNOTE SPEAKER CONNIE PODESTA - LIVE “Take Control of Your Future Now” ITHACA NY 14850 Connie Podesta is a top-rated professional keynote speaker, executive career/life coach and ONE OF THE INDUSTRY’S LEADING EXPERTS in sales strategies, leadership development, relationships, and change. Conference & Trade Show PERMIT NO. 187 Featured at this Year’s Conference LIBOR MEMBERS Jackie Leavenworth R It’s a Price War to the Door EGISTER BY Moving Sellers from Denial to Reality! APRIL 22nd Negotiations: Games People Play AND PAY The “Must Know” Strategies to Close More Sales ONLY $ G. William James 59 The Google Universe for Realtors® Guide To Making Google’s Cloud Apps Work For You Smartphones, Mobile Gadgets and Great Your Business, Your Future Tech Tools for Realtors® Steve Harney Leadership in the Current Real Estate Environment Establishing Home Values in Today’s Turbulent Market REALTOR NETWORKING FUNDRAISER LUNCHEON Jared James 7 Proven Ways to Grow Your Business Now Special appearance and performance by How to Recruit and Retain the Next Generation of Superstars American Idol top 10 finalist and native Long Islander, supporter and patient of Winthrop FEATURING CLOSING SPEAKER Steve Harney See page 10 for details. Juvenile Diabetes Center ... Our Business, Our Future……On a Turn for the Better! KEVIN COVAIS
$1000 cash giveaway TRIPLE the prizes and giveaways SAVE TIME AND MONEY, REGISTER ONLINE NOW AT All proceeds to benefit the www.LIBORedconference.com Winthrop Juvenile Diabetes Foundation
APRIL 2011 THE ®
The Voice REALTORFor Real Estate™ • OFFICIAL PUBLICATION OF THE LONG ISLAND BOARD OF REALTORS®, INC. • www.LIRealtor.com ® LIBOR to NAR Proposes $40.00 REALTOR Host Green Party Political Survival Initiative Symposium at NAR recently released a new fundraising dollars will be dedicated solely to advocacy ships with state and local lawmakers/policy- Farmingdale plan that they say will foster the well being purposes as outlined by the Political Survival makers. It will shape the future political and survival of our legislative programs on a Initiative. If this dues increase is approved by make-up of state or local governing bodies. State College local, state and federal level. the NAR Board of Directors, over 50% of NAR In order for “The Voice for Real Estate” to The impetus for this plan was the January budget would be devoted to political advocacy, have the impact it has had for the past 100 By Philip Weiden 2010 Supreme Court ruling in the case of which consistently ranks among members as years in terms of political advocacy, the Legislative Liaison Citizens United vs. the Federal Election the #1 benefit they receive from NAR. REALTOR® organization has to step up its Commission that stated corporate dollars — The most powerful benefit is it will keep game. LIBOR is proud to announce that our so-called soft dollars — can be used to fund the REALTOR® organization as one of the No one has spoken with more power or as Green Symposium will be held on April independent expenditure campaigns. most influential advocacy groups in passionately about protecting private proper- 27th at Farmingdale State College. The proposal is for a dedicated dues America. There are monumental issues com- ty rights and fighting for opening the door to The Event, increase of $40.00 which would take effect in ing down the pike that will affect members the American Dream of Home Ownership which is titled, the 2012 budget year. Because it is “dedicat- in their daily businesses, such as the future than the REALTOR® Family. The Time has ed” to this initiative, it would be used exclu- of mortgage finance and keeping housing The REALTOR® Party Political Survival Come... Make sively to fund political advocacy efforts. affordable in America. We must have the Initiative did not just happen overnight. It Green Work This means political fundraising as we power to shape this pivotal moment for the was the result of nearly a year of careful For You,‰ fea- have known it for the past 100 years just American Dream of Home Ownership. Most study and consideration. tures U.S. shifted dramatically. Corporate funds/dues importantly, these dollars will be available to For those who would say, “It’s a terrible Congressman can now be used to shape opinions about state associations and local boards. time to raise dues,” the reality is no time is a Steve Israel as candidates in ALL 50 states. It is a game Two-thirds of the dollars raised may be good time. However, sometimes the imme- our keynote changer of gigantic proportions. It is as if the returned back to states to be used in support diate needs of the industry to protect REAL- speaker. goal posts on a 100 yard football field were of local candidates and issue campaigns, and TOR®-interests outweigh the temporary Kristin Bacorn, a leader in Energy and expanded to now cover 140 yards. for other political advocacy needs -- to help problems of the marketplace in what has Environmental Design, an AP educator In the past, NAR has already contributed shape the opinions of candidates on real always been a cyclical business. and licensed real estate broker will be funds to this initiative out of its operating bud- estate-related issues as they work their way “Survival” is a strong word and one not our opening speaker. get. But to undertake the initiative at this level up as elected leaders. It will combine NAR often used lightly. Truly, the issues and chal- The symposium will feature break- and give it a best chance for success, greater funds with state/local funds to increase our lenges which we are about to confront are out sessions featuring Lisanne additional funding is needed. The increased political power. It will create early relation- REALTOR® survival issues. Altmann of LIPA and Louis Rizzo of National Grid in a session titled “Put a Little Green in Your Pocket.” The Can It Be?...The Mortgage Interest Deduction Is Under Attack Again... other breakout session, “What is a Home Energy Audit and How Can it Did you know that House and Senate one of those times. Congress needs to hear (RPAC) is a non-profit political action com- Save You Money,”‰ will feature Chuck committees are already holding hearings to from you. Warning signs have appeared on mittee that promotes sound policies and Schwartz of LI Green and Richard gather the perspective they need to craft a Capitol Hill about mortgage interest opposes detrimental proposals to ensure Manning who is a licensed building new tax system for the coming years. deductibility. Homeowners have taken big your business success. RPAC works tireless- performance contractor. The wrap up These hearings will take most of this year. hits the past few years. We cannot have ly to protect the real estate industry, private session features Gordian Raacke, Congressional leaders from both parties, Congress adding to the injury. property rights and provide REALTORS® Executive Director of Renewable as well as the Administration, continue to Send a letter asking your Representative with a platform to be involved and influen- Energy Long Island, who will show insist that “Everything is on the table,” to cosponsor H.Res 25, a bipartisan House tial in legislative and regulatory issues. you how to make your home more which means for REALTORS® — the resolution that affirms the value and impor- RPAC works to elect lawmakers who energy efficient and how to save Mortgage Interest Deduction (MID). tance of the Mortgage Interest Deduction. support REALTOR® business interests in money on your home utility bills. Changes to the MID in any form would Realtors® need to direct Congress to your local communities, Albany and The symposium will feature 25 have an adverse effect on the entire housing Preserve, Protect and Defend the MID. No Washington, D.C. exhibitors in which fellow REAL- market, potentially lowering home values and economic recovery is possible without a There’s no other organization that repre- TORS can network and become slowing sales. Each change to the mortgage vibrant housing market. Please Take sents your interests and your livelihood as a “educated on what green products interest deduction opens the door for full Action today. REALTOR®. Now more than ever, REAL- and services are out there and avail- elimination later on, and could have an even TORS® must keep RPAC working to pro- able to you and your clients. We will broader effect on local economies and jobs. Make an Investment to the REAL- tect your interests by investing in RPAC! also feature some great door prizes TORS® Political Action Committee Your RPAC investment will keep RPAC including an Apple iPAD2. What Can You Do? Actions by local, state and federal law- fighting to preserve the Mortgage Interest You can register online and see the Preserve, Protect and Defend MID makers and regulators can greatly affect your Deduction. entire agenda by going to www.libor- You can shape legislation by being heard ability to be a successful REALTOR®. The It is more crucial now than ever for every greensymposium.com early and with strong conviction. This is REALTORS® Political Action Committee REALTOR® to invest in RPAC! THE REALTOR® ● April 2011 ● 2 THE JUNE 4-5 HOUSE WEEKEND– NATIONWIDE OPEN 2011 REALTOR & TRADESHOW EDUCATION CONFERENCE LIBOR’S 23RDANNUAL Y “Y Directory. . Directory. Professional Services . Education Opportunities...... Legal . FAQ’s. . RPAC. Service withInstanet. Step-UpYourCustomer MLS Tech Tip– ...... Info Line MLS . Coverage Chapter &DivisionEvent . From WhereISit. . President’s Message . sional keynotespeaker.. Connie Podesta,top-ratedprofes- . Steve Israel keynote speakerU.S.Congressman Farmingdale StateCollegewith LIBOR HostsGreenSymposiumat . grams well beingofourlegislativepro- fundraising planthatwillfosterthe NAR recentlyreleasedanew SURVIVAL INITIATIVE REALTOR PARTY POLITICAL NAR INTRODUCES THE IN THENEWS W C “THE TIMEHAS www.LIBORedconference.com 8325 JerichoTurnpike, Woodbury, NY11797 SAVE TIMEANDMONEY, REGISTERONLINENOWAT F eatured atthisYear’s Conference OUR FUTURE” OME…MAKE GREEN (Registration Opens8:15a.m.) Crest Hollow Country Club Crest HollowCountry How toRecruitandRetaintheNextGenerationofSuperstars 7 ProvenWays toGrowYour BusinessNow Jared James Establishing HomeValues inToday’s Turbulent Market Leadership intheCurrentRealEstateEnvironment Steve Harney T Smartphones, MobileGadgetsandGreat Guide To MakingGoogle’s CloudAppsWork ForYou The GoogleUniverseforRealtors G. William James The “MustKnow”StrategiestoCloseMoreSales Negotiations: GamesPeoplePlay Moving SellersfromDenialtoReality! It’s aPriceWar totheDoor Jackie Leavenworth Thursday, June9, 2011 Our Business,Future……OnaTurn fortheBetter! FEATURING CLOSINGSPEAKER ech Tools forRealtors 9:00 a.m. -4:30p.m. ORK FORYOU” INU SAFAN A AS UP SIGN LIBOR isNowonFacebook “Take ControlofYour FutureNow” FEATURING KEYNOTE SPEAKER OUR BUSINESS, to-the-moment industry news! to-the-moment industry speaker, executivecareer/lifecoachand INDUSTRY’S LEADINGEXPERTS leadership development,relationships,andchange. Connie Podestaisatop-ratedprofessionalkeynote Visit LIRealtor.com forallup- CONNIE PODESTA ® REALTOR
Steve Harney ® www.LIRealtor.com insalesstrategies,
ONE OFTHE -LIVE
Long Islander, supporterand KEVIN COVAIS Winthrop JuvenileDiabetesFoundation Juvenile DiabetesCenter FUNDRAISER LUNCHEON REALTOR NETWORKING TRIPLE theprizesandgiveaways American Idoltop10 and performanceby Special appearance patient ofWinthrop All proceedstobenefitthe
finalist andnative O
cash giveaway
R
APRIL 22nd APRIL NLY L
$1000
AN
EGISTE IB
O
$
D
R 59
M
P
E
AY
M
R B R
B
E
R
Y Y S . 9th. Keynoteby T Conference and Education open forLIBOR’s Registration now rade ShowonJune . ! P17&18 P1 &8 P10 P18 P16 P15 P13 P13 P1 P6 P4 P3 P2 ® There’s PowerinNumbers! Plan toParticipate. June 4-5 House Weekend— Nationwide Open 2011 REALTOR® ed inJanuaryofthisyear. February, downfrom7.9percentreport- average, witharateof7.8percentin slightly betterthanthenational Island unemploymentpictureis above historicnorms. The Long still morethan9percent,well ployment ratenationallyis past fewmonths,theunem- have improvedoverthe ery. achieve agenuinerecov- can helpthenation unemployment, housing sion andstaggering the effects ofahistoricreces- Economic Recovery Housing ProvesKeyto hoods wheretheymightwanttolive.For homes forsaleindifferentneighbor- offers buyersastress-freewaytovisit Inc. willbeparticipatingonceagain. The LongIslandBoardofREALTORS , ciations onSaturdayandSunday, June4-5. ticipating stateandlocalREALTOR asso- be apartofthecampaign,hostedbypar- Nationwide OpenHouseWeekend. Planto That’s thepromiseof2011 REALTOR about thebenefitsofhomeownership. ing peopletotourhomesandlearnmore a weekendfullofopenhouses,encourag- opportunities! Sowhatcouldbebetterthan Although jobnumbers While America continuestofeel The NationwideOpenHouseWeekend Open housesopendoorstobuying New MLSLIBrandReflectedin2011 Advertising Campaign available onlirealtor.com underthe of thestyleguideand thenewlogosis copy and MLSProductsServices. A was producedforMLSLI,MLSLI.com, in Novemberandanofficial StyleGuide Long Island. The projectwascompleted branding theMultipleListingServiceof etc., whichwouldserveasablueprintfor that includedspecificcolors,fonts,logos, produce aformalcorporatestyleguide Affiniscape. staff, and anoutsidedesigncompany, volunteers, between severalRealtor® was asuccessfulcollaborativeeffort process, whichspannedmostof2010, and createdanew, updatedlook. The Inc. rebrandedtheircompanyidentity Multiple ListingServiceofLongIsland, corporate brandstrategy. Lastyear, the design strategy. This isacomponentof involves creatingacompanylogoand Marketing &CommunicationDirector By Tricia Chirco Home ownershipcreatesjobsandhas The primarygoalofthisprojectwasto Developing acorporateidentity jobs, housingalsohasasignificantimpacton expand thecampaign,withevengreater house event.2011 willdramatically by holdingthefirstnationwideopen and localassociationsrespondedin2010 nationwide. About60percentofstate T Impressed byitseffectiveness,REAL- W open househeldtwoyearsagobythe promote trafficanddrivehomesales. ty effortto high-visibili- provides a weekend sellers, the MLSLI.com poster, please email would liketoreceive copiesofthenew sizes, 11" x17"and24"28".Ifyou them. The posterisavailableintwo display themwherethepubliccansee arrive inyouroffice, weaskthatyou in thecomingweeksandwhenthey Posters distributedtoMLSparticipants constant throughoutallofthem. but thenewcorporateidentityremainsa are severalvariationsofthemessage, posters canbeseentotheright. There sampleofonethe now available. A designed toreflectthesameaswell. MLSLI.com, theconsumersite,willbe the newcolorsandlogo,eventually MLSLI.com andprintadsnowinclude ple, allonlinebanneradvertisingfor their advertisingcomponents.Forexam- also incorporatedthenewbrandintoall 2011 MLSLI Advertising campaignhas reflect thenewbrand. Additionally, the business cardshaveallbeenupdatedto About Ussection. ORS expressedinterestintakingit ashington AssociationofREALTORS . The eventwasinspiredbyastate-wide Posters thatcontainthenewbrandare To America. Inadditiontohelpingcreate that onejobisgeneratedforevery
soito fRatr®estimates Association ofRealtors® nomic recovery. The National housing recoverymeansrobusteco- two homesales. That meansfor led thiscountryoutofsixthelast uleooi eoey Asolid full economicrecovery. A date, theMLSLIstationaryand eight recessions.Itisessentialtoa every 5millionhomessold,2.5 Home ownershipbuildsastronger million private-sectorjobsare my overtime. created. NARalsoesti- $60,000 intotheecono- mates thateachhome pumps atotalof sale atthemedianprice 15th. There is no costfortheposters. Realtor ServiceCenters beginning April Posters willalsobeavailableatour US. LIRealtor.com under ABOUT are alsoavailableonlineat gladly mailthemtoyou. The posters each sizeyouwouldlikeandwewill [email protected] andstatehowmanyof it willplayacriticalrole.” thing torestoreourcountry’s economy, but jobs arecreated.Housingisn’t theonly “Every timeahomeisbuilt,boughtorsold, [last nameofyourlocalspokesperson]. American dreamofhomeownership,”said ty muchthesameastheyhavealwaysbeen. ing toownahomeoverrentingremainpret- even afterthedownturn,reasonsforopt- still seehomeownershipasagoodthing,and improvement andmore. window treatments,landscaping,home including carpeting,furniture,appliances, the demandforrelatedgoodsandservices Meanwhile, othersectorsthatbenefitfrom fees areadirectresultofsaleorpurchase. chase. Expensessuchascommissionsand be directlyorindirectlytiedtoahomepur- Product, makingitakeyeconomicdriver. more than15percentoftheGrossDomestic national spending.Housingaccountsfor 4800 formoreinformation. contact thePRdeptatLIBOR631-661- materials onLIRealtor.com inearlyMay, or Look formoreinformationandmarketing high-profile marketingeventmakessense. around, yourofficeparticipationinthis marketing extravaganza.Alltheway indeed drivetraffictoyourlistingsasitisa Nationwide OpenHouseWeekend does numbers expectedtoparticipate. “Jobs enablepeopletoachievethe The goodnewsisthatmost Americans Spending asaresultofhomesalecan The PromotionWorks! TheREALTOR 3 ● April 2011 ● THE REALTOR® ou will be glad you attended the inthrop Hospital Juvenile Diabetes Connie Podesta, author of Life Would Connie Podesta, author of Life In between Connie and Steve and the In the 2010 post-Education What a full, educational, enjoyable day Next time you hear a member wonder Y Be well, friends. another outstanding day. for Other People Weren’t be Easy if it you just love the title?) and a lead- (don’t strategies, ing expert in real estate sales leadership development, relationships speaker. and change, will be the keynote Ann Mary of Education, V.P. (LIBOR’s to book Monteleone, has been trying Our Connie for us for nearly 10 years!!) locally grown very own Steve Harney, often quoted but nationally respected and web from his “Keeping Current Matters” will present 2 sessions and newsletter, close our day with “Our Business, Our for the Better”. Turn Future...On a awesome quality and variety of exhibitors always present, we will have the opportunity to train with Jared James, who, before age 28, was voted Realtor® Winner Award Choice Web Magazine’s favorite “30 under 30”, and was first WCR introduced to Long Island at a to the War a Price meeting. Jackie “It’s Door” Leavenworth led standing room Tri-State only programs at December’s Convention; those of us who saw her there knew we had to get her back to And in this very rapidly chang- LIBOR. ing technological world, the ed commit- James had to William tee decided G. return to help us maintain a mobile office com- system that promotes productivity, munication and marketing. YOU requested Conference survey, at the networking something “different” luncheon so...how about a real “American ldol” finalist? Long Island’s very own Kevin Covais will perform for us!! Kevin is a patient and supporter of W which will Foundation, the organization benefit from the ticket sales for our prizes, and is looking always super raffle forward to helping us raise thousands of dollars for the foundation. for the super early bird registration fee of April 22, excellent value after just $59 or, only $79!! For registration and addition- al info, please see page 10 or go to http://www.liboredconference.com/ what he/she “gets” from dues paid, please remind that Realtor® to take advantage of the wonderful programs and of staff LIBOR, through the efforts To member volunteers, has to offer. paraphrase an adage, LIBOR can take you to water but we cannot force you to drink. Annual Green Symposium and the 23rd Education Conference. I look forward to meeting you when LIBOR “Makes April 27. on for Us” Work Green ESSAGE M S ’ are very excited that our keynote
RESIDENT And what can I say about our Ed Spring has sprung!! The crocuses Spring has sprung!! The seeds for the Green Symposium The program will be at Farmingdale We By Liz English, LIBOR President By Liz English, 10, approximately 2 miles north of the P speaker will be Congressman Steve Israel, a Realtor® friend and national leader in the movement for alternative will address “Changing the who energy, The Push to Reenergize Game: will be The opening speaker America”. Kristen Associate Professor, Farmingdale Bacorn, LEED (Leadership in Energy and Environmental Design), who has been an environmental consultant for The over 30 years and is a Realtor®. wrap-up session will be led by Gordian Raacke, the founder and executive direc- Long Island tor of Renewable Energy pro- organization (reLI), a not-for-profit WOW. moting sustainable energy. there will be 20+ exhibitors Additionally, representing solar companies, landscap- ers and other environmentally conscious ALLservices and companies. this — and continental breakfast — for just $20?? For registration and addi- WOW. Double tional info, please see page 8 or go to liborgreensymposium.com Conference that has not been said That it is an awesome value — before? and includes lunch and snacks all day? That you always learn something new?? YES, That it is sold out every year??? YES!!! Many members know YES and to watch for news of the day long event which is always held in early June at Crest Hollow Country Club and this committee, chaired by Linda year’s Dianne Petralia and her vice chair, Scalza, are up to the challenge of yet peeked through the end-of-March-snow, along the the forsythias are in full bloom is a bright, parkways and the grass What a great time Boston Celtics green. to show — and SELLYou — houses!! Open can plan ahead for our board-wide 5. But PLAN June 4 & Weekend House NOW Green to attend both LIBOR’s Annual and 23rd April 27, Symposium, 9. Educational Conference, June Green were planted by last year’s Urso, Committee, chaired by Marilyn and watered by a $5000 NAR grant of awarded LIBOR through the efforts Randy our top-notch Legislative Staff, Affairs, Kaplan, Director of Government Legislative Liaison, and Weiden, Phil Affairs Maryann Horan, Government cultivating has The 2011 Coordinator. Jolie been led by committee chair, Powell and vice chair Joe Sinnona; they have been ably assisted by a handful of committee members — all Realtor® vol- unteers — and, of course, staff. State College, centrally located on Rt 1 Southern Parkway and 3 miles south of are working closely with We the LIE. Farmingdale, a leader in environmental studies and green education, to bring you a fabulous, informative day because Work “The time has come...Make Green for You”. Expand YourExpand Horizons and Opportunities
ȱ TATE S
ORK Official Publication Of The Publication Of Official LONG BOARD ISLAND OF INC. REALTORS®, Y
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® Plus ORK
Employed EW Ȭ ® Y SSOCIATION f N
Sel Broker A ȱ F EW ebsite: www.mlsli.com™ O
N
The Long Island Board of The Long Island Board REALTORS® is a non-profit for organization formed REALTORS® for the betterment their of their communities, profession, and their livelihood. The REALTOR® is published by the Long located at 300 Island Board of REALTORS®, Babylon, NY West Sunrise Highway, 11704, January/February, and is published bi-monthly, March/April, May/June, July/August, September/October and November/December. rate Application to mail at periodicals postage York. is pending at Babylon, New POSTMASTER: Please send address changes to: The REALTOR® Babylon, NY300 Sunrise Highway • West 11704 The REALTOR®The Long and its publisher, in accepting Island Board of REALTORS®, no advertisement in this publication, make ser- independent investigation concerning the neither vices or products advertised, and they endorse nor recommend the same nor do they assume any liability thereof. and subscribes to its strict code of ethics. INC. LONG ISLAND BOARD OF REALTORS®, Babylon, NY300 Sunrise Highway • West 11704 (631) 661-4800 • (718) 739-8700 W Email: [email protected]™ governing documents, conflict of interest LIBOR’s policy and financial statements (including IRS Form 990) are available for inspection during reg- ular business hours upon request by appointment. the F ȱ O
& ȱ
URNISHING NSURANCE ARD F O
to providing the utmost personal attention the utmost personal to providing I SSOCIATION B
A
Endorsements include: OME H TATE
Business Fax: 516.922.5900 ȱ S E
NY ISTRICT committed l: 516.922.1200 • 212.268.4473 D
EAL Joseph E. Mottola Carol Jemison ROSE GAGLIARDI Small Laura Copersino Bettie Meinel R Te ȱ
client service. REATER EALTH Christina DeFalco the PECIAL ȱ G Donald Scanlon S 15 West Main Street • Oyster Bay, NY 11771 11771 NY • Oyster Bay, Main Street West 15
NASSAU SUFFOLK QUEENS - - - for
HE H T Moses Seuram Mary Alice Ruppert Joseph E. Mottola Liz English Insurance ELECT [email protected] • www.insuranceplusny.com [email protected] - maximum ASSISTANT se Gagliardi is an insurance broker with over 23 years experience, servicing 23 years experience, the over with se Gagliardi is an insurance broker se and her staff are
Patricia Chirco S ’ REALTOR Ro Ro and tri-state area. Rose specializes in Health, Dental, Life, Long Term Care, Medicare Care, Long Term Dental, Life, specializes in Health, tri-state area. Rose Supplements & Disability Insurance. THE CONTRIBUTORS Liz English, President, LIBOR P.C. Cathy Nolan, Esq., Goldson, Nolan, Connolly, President, MLSLI Aschkar, Dorothy Affairs Randy L. Kaplan, Director Government Co-Chairperson Pat Levitt, RPAC Dana Nowick, Product & Services ADVERTISING SALES • 631-661-4800 Ext. 348 Wimmers Donna Lee Circulation 21,500 PRODUCTION DSI Design Group NY Sea Cliff, Avenue, 252 Sea Cliff 11579 516-676-6089 • Fax 516-676-4769 Christopher Meadows, President CHIEF EXECUTIVE OFFICER PUBLISHER EDITOR EDITOR VICE PRESIDENT VICE PRESIDENT TREASURER SECRETARY PRESIDENT PRESIDENT VICE PRESIDENT LONG ISLAND BOARD OF LONG ISLAND INC. REALTORS®, OFFICERS 2011 THE REALTOR® ● April 2011 ● 4 LIBOR N and theFTC. The FBIisinvestigatingpar- sures havedrawntheattentionofFBI ployment, defaults,shortsalesandforeclo- devaluation ofproperty, increasedunem- down andresultingrecessionwithits date. Result? Agent andBroker exposure. kers whomaynotthemselvesbeupto should bedirectedtotheirmanagingbro- answers toquestionsaboutissuesthat from agentswiththesefirmsseeking number ofcallstotheLegalHelpLine tion plans. We’re seeinganinordinate varying transactionfeesandcompensa- agement andoperatingsystemsbasedon work infirmswithlimitedbrokerman- Shops” wherealarge numberofagents these areoftenreferredtoas“Freedom capability toworkremotely. Someof which theagentmightnotbeaware. with newlegalrealitiesandresponsibilities unwise actsbytheagentalreadyburdened Increased brokerliabilityforillegalor opportunities forcommunication?Result? parties havesignificantlylesscontactand or herresponsibilitytosupervisewhenthe office. Howcanthebrokerownerfulfillhis tively remotelywithmuchlesstimeinthe tion haveenabledagentstoworkproduc- commitmenttoeducation. Realtor® with civilexposure. The need?More Result DOSandEthicsviolationstogether of fiduciaryresponsibilitytoone’s client. not uptopar. What’s theexposure?Breach their skillsinhandlingthesetransactionsare fortable orconfidentwithagencylaw abrokerbasethatisnot fullycom- oft’times where youhaveanagentand acceptance ofbuyerbrokerage agents toaneverbeforelevel. whether broker- ownersor exposure ofRealtors® increasing thepotentiallegal events areoccurringwhichtogether “Perfect LegalStorm”inwhichmany produced animmensestormsystem. an unusualnumberofweatherfactorsthat out called“ThePerfectStorm”basedupon F By JosephE.Mottola,ChiefExecutiveOfficer will besenthomewith thosescoutsinthecomingweeks. Boy Scouts,SuffolkCountyGirl andSuffolkCountyBoyScouts ered totheheadquartersofNassau CountyGirlScouts,Nassau thousands ofseedpacketshavebeendeliv- the seedsduringthoseevents.Additionally, Saturday, April16th andwillbedistributing will behostingEarthDayinitiatives on The NYC BoyScoutsandNYC GirlScouts Boy ScoutsacrossLongIslandandQueens. distributed tothousandsofGirlScoutsand the LIBORlogoandBoardinformation,willbe vegetable seedpacketsthatproudlydisplay In honorofEarthDay, over40,000assorted W The economicmortgagebasedmelt- New businessmodelsflowfromthe The Internetandelectroniccommunica- It beginswiththeincreasing In 2011, Ibelievewearefacinga A ROM few yearsago,amajormoviecame e’re MoreThanREALTORS® W HERE EWS I S “The perfectlegal IT storm.” ensure thatyouwon’t beacasualty. sense obligationtotakethestepsneeded comes firstandthenyouhavethecommon you. The recognitionofthesituation tunities toprotectyourselfaretherefor precautions duringthisstorm. The oppor- with threateningweather, youhavetotake this federallawareverysteep. stood inthemarketplaceandpenaltiesunder Paint disclosurecontinuestobemisunder- unintentionally orotherwise.Similarly, Lead laws andtheirexposurewhenviolatingthem understandthe offered tohelpRealtors® confusing. Again, coursesandprogramsare ulations andsofindtherevisionsevenmore were notfullyawareofthethenexistingreg- remark thatalarge numberofRealtors® on Jan1st,2011. Instructorscontinually Disclosure regulationsthatwentintoeffect well for“failuretosupervise.” above, ownerbrokerswillgetburnedas their legalexposure. And asyousaw learning opportunities,theyjustincrease failtoavailthemselvesof but ifRealtors® evolving legalissuesonLIRealtor.com, constantly updatingthefieldonthese sure fornon-compliance. The Boardis ly unawareofthechangesandtheirexpo- aremain- is relativelynewandRealtors® er isfullyawareofwhat’s goingon. This sive disclosureofalltermssothatthesell- work out. The FTCisdemandingexten- dling ashortsaleifandwhenitdoesn’t gage modificationactivitiesandthenhan- kerages arecollectingfeesaspartofmort- of thefederalgovernment. existing offers eitheratthedirectionofa The failuretomakethebankawareofother recoup asmuchoftheirloanspossible. undermine theopportunityforbanksto ers andrelatedpartieswhoknowingly their attentionfocusedonRealtors®,own- ties tomortgagefraudinshortsaleswith Just asyoutakeprecautionswhenfaced Lastly, youhavetherevised Agency The FTCisinvolvednowbecausebro- The LongIslandBoard ofREALTORS® Inc.ProudlyCelebratesOver100Years ofRealEstate ers apartytofraudintheeyes makes theparticipatingplay- expects to“flip”thehouse tion wherethepurchaserfully or beingapartytotransac- instruction ofthehomeowner listing brokerortheunlawful E NOTE: Go to: ON-LINE REGISTER&PREPAY MAY LIBOR MEMBERSONLY — clickonMLS/LIBOREVENTS CALENDAR ontheINFOCENTERPAGE. to http://www.lirealtor.com/chaptersanddivisions/default.aspx. Chapter/DivisionmeetingsavailableonSTRATUS LIAISON @631-661-4800 ext. 361. AllChapterMeetings &Eventsarepostedonlineoneachchapterwebsite.Go MEETINGS &EVENTS: SHORE JOINTCHAPTER SUFFOLK NORTH &SUFFOLKSOUTH 4/14 —Thursday son: [email protected]. W 9:30am –REALTOR SERVICECENTER, MLSLI BOARD OFDIRECTORS 4/13 —Wednesday http://centralnassau.lirealtor.com. 51 50%discount). RSVP:BarbaraGunn@ (breakfast normally$65-we regetting ator HelenaVeloso. Cost:$33perperson Laura Copersino,DianneScalza&moder- P Y City. FREEValet Parking. Maximizing Hotel,457thStreet,Garden Star Luxury Breakfast. GardenCityHotel~LI sOnly5- 9:30am –NetworkingGourmetBuffet CENTRAL NASSAU CHAPTER 4/12 —Tuesday son: [email protected]. W 1 CREDIT UNIONBOARD OFDIRECTORS 4/12 —Tuesday APRIL 2011 www.licommercialnetwork.org. K Non-members. For moreinfo,callGabor Sponsors, $20Affiliates,$30Guests& your network!Cost:$15 LICNMembers& ‘haves &wants