• Message from the President

by Joe Rivellino 

Hello Members,

Assist and Unite! This is my theme for 2015.  If you read BNAR’s mission and vision statements; the words assist and unite are included. 

When I think of the word assist, I think of synonymous words like encouraging, helpful, sharing, accommodating, and supportive.  As a verb, assist requires action and typically by doing a share of the work.  And when used as a noun, chiefly in ice hockey, basketball or baseball, it is the act of touching the puck or ball in a play in which a teammate scores or an opposing batter is put out! 

Let me define the word Unite – it is a verb meaning come or bring together for a common purpose or action. Again an action word…unify, link and connect

We are a Team. This Association did not form and remain to be one of the strongest by doing anything solo!  It’s a team effort and I will do my best to continue to promote that team spirit.

Through the advocacy of the BNAR, coupled with our strong presence at the State level and our dedication to RPAC, we are uniting our membership to have a strong collective voice in decisions affecting the real estate profession.

The charities that I will be embracing this year are Mercy Flight, which carried over to BNAR from the Genesee Valley Board of Realtors.  My second is Meals on Wheels, WNY; which I was astounded by the work they do, and the reach that they have.

At 110 years old, the BNAR is the oldest Realtor Association in the country and once again, I am honored to have this opportunity to lead us through another year….to Assist and Unite our membership to be all that they can be, and continue to be the voice of real estate, the hub of information, and the body of strength recognized by local communities, as well as throughout the state and beyond.  I promise you my very best efforts in leadership and teamwork!             

I have a special email “Joe on the Go” for you to keep in touch with me and sending your questions or comments any time, on any subject 24/7/365.

Economic Conditions in Upstate New York

Register now for the free seminar on the Economic Conditions in Upstate New York on Wednesday, March 25 from 9:00 am – 11:30 am to be held at the Millennium Hotel, Walden Avenue.  The event is free and includes breakfast.  Speakers are Richard Peach,  Senior Vice President  Macroeconomic & Monetary Studies Function at the Federal Reserve Bank In New York, NY and Jaison Abel, Research Analysis Function at the Federal Reserve Bank in Buffalo.  For more information, click here.

New Sprinkler System Law

Effective December 3, 2014 in New York State, a law has passed requiring landlords to include a disclosure in a rental lease about the sprinkler system status of an apartment.  This covers not only landlords of large apartment type buildings, but landlords of one and two family rental property as well. The law is relevant for leases, sub-leases, renewal contracts and renewal leases.

Requirement:  In bold typeface, the landlord is to include language that states whether there is or is not a sprinkler system installed at the time of the lease signing.

At this time, there is no requirement that a sprinkler system be installed if there isn't already one in place, and there is no penalty in place for landlord non-compliancy with the new rule (yet). However, going forward, all new leases should include language that covers the sprinkler system status.

If you have any questions, feel free to contact the BNAR at 716-636-9000.

 
BNAR Committees Forming for 2015
 
Do you want to be involved in the decisions that affect your business and livelihood or would like to participate in planning activities?  Then join a BNAR committee. Select the area where you have interest in participation.  Here is a link to the signup sheet.  Each committee/task force/project has a planned set of objectives to work toward with a beginning and end date.  Here is a link to our 2014 Committee Leadership team should you have any questions regarding any of the committees.   

Do you want to join the Young Professionals Network?  Here is the link to sign up for the YPN






Read this week’s case study:

Related to Article 13 - Case #13-1: Preparation of Instrument Unrelated to Real Estate Transaction




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