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NYSCAR - New York State Association of REALTORS® Search NYSCAR
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NYSCAR's Association News

Welcome to NYSCAR’s Association News page, your go-to source for the latest updates in New York’s commercial real estate sector. Here, you’ll find information on REALTOR® news, educational opportunities, and government affairs that impact our industry. Stay informed and engaged with the developments shaping commercial real estate in New York State.

REALTOR® Call for Action: Oppose Rent Control Expansion

Right now, the State Legislature is considering passing legislation that would make it easier for cities, towns, and villages outside of New York City to adopt rent control.

Please Take Action Now and voice your opposition to this statewide rent control policy!

The legislation, known as the Rent Emergency Stabilization for Tenants or REST Act, would streamline the ability of municipalities outside of New York City to opt in to a system of rent control. Current law requires that municipalities must conduct a survey that finds a rental vacancy rate of 5 percent or less before declaring a housing emergency and taking any action to enact local rent control laws. The REST Act would bypass the rental vacancy survey requirement and allow municipalities to take other factors into consideration, such as rent burdens of tenants, homelessness rate, overall housing supply, and a general “need for regulated rents.”

NYSAR opposes all forms of rent control, as decades of economic research have repeatedly documented its harmful effects on municipalities, property owners, housing mobility, and housing supply.

Tell Albany lawmakers to oppose the REST Act Today!

REALTOR® Call for Action – Say No to More Real Estate Taxes

Right now, state lawmakers are considering a state budget proposal that would create a new real estate tax or surcharge on high-value second homes in New York State.

Imposing a so-called “pied-a-terre” tax is short-sighted and does not take into account the significant revenue directed to localities and New York State, which expensive second homes generate by way of property taxes and other forms of real estate taxes, such as real estate transfer taxes, state “mansion taxes” and mortgage recording taxes.

Discouraging second home sales in New York will diminish revenue that New York State and localities rely on.

Please Take Action Today!

Send Letters to your state lawmakers.

Check out NYSAR’s eNews Weekly report to stay up to date on REALTOR® news, education and government affairs.

Check out NYSAR’s Broker Report for information on NYSAR’s professional standards video series, RPAC updates and member perks.

Check out NYSAR’s Government Affairs update for more information on legislative priorities and events, like Lobby Day.