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The Real Estate Board of New York represents influential real estate professionals as it works to protect, improve, and advance the business of real estate in New York City.
REBNY was created in 1896 as the state’s first real estate trade association. It works on behalf of the mutual interests of its members by promoting public and industry policies. The organization frequently speaks before government bodies with the primary goals of expanding New York’s economy, encouraging the development and renovation of commercial and residential property, enhancing the city’s appeal to investors and residents and facilitating property management.
Members have access to the Board’s various real estate professional education programs, including state-certified required courses for licensing, continuing education courses and seminars to hone professional skills, and courses to maintain the ethical standards of relations between professionals and with the public.
The Research Department, also at members’ disposal, undertakes projects to investigate current residential and commercial issues of importance to the industry; topics have included residential conversion trends and energy conservation techniques in high-rise office buildings. A zoning expert is also on hand to field a wide range of inquiries. This department publishes a number of important periodicals, including the Annual Diary & Manual, which is considered real estate’s almanac.
REBNY’s Seymour B. Durst Library, located at the midtown office, maintains the largest collection of real estate-related information of any New York City trade association. Aside from scores of professional journals, periodicals and reports on industry topics, it contains up-to-date computerized ownership and mortgage information files on properties in all five boroughs, as well as assessed valuation listings and current property maps.
REBNY members are New York City’s most talented, energetic and influential real estate professionals.
The Board’s membership consists of commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; and other associations, organizations, institutions, corporations, co-partnerships, and individuals professionally interested and engaged in business allied to New York City real estate.
The Chairperson of the Board is REBNY's presiding officer and principal spokesperson at regular and special meetings of the Board of Governors. He or she also performs other duties assigned by the Board.
The President is the executive officer with the authority under the Chairperson of the Board and the Board of Governors to direct the Board's activities. The President presides at all annual and special meetings of the membership and is a member of all Standing Committees.
The Governors chart the organization's policies in close and continuous consultation with REBNY's elected committees. These committees, composed of Board members who are highly knowledgeable in their respective fields, focus on issues that concern the industry and formulate REBNY's positions. The Board monitors all bills of interest to the industry before the city, state and federal legislatures and analyzes these measures in legal memoranda sent to the legislatures' leadership.
REBNY committees enjoy the high regard of both policymakers and real estate professionals. Therefore, their work has both prevented the passage of countless potentially damaging bills and convinced state and city lawmakers to enact measures that have greatly benefited New York's economy and housing stock.
An elected Board committee with pertinent expertise, such as the Tax Policy panel, typically handles city bills. Other Board committees, on which qualified REBNY members are eligible to serve, deal with such subjects as housing, building management, rental conditions, insurance, city planning and zoning, and finance. From time to time, ad hoc Board committees are set up to study issues of immediate importance. When indicated, Board staff makes the findings and recommendations of these committees available to the appropriate public officials.
Laws and regulations governing residential conversions, zoning incentives and tax collection dates are among the public policies that have been strongly influenced by the work of REBNY committees.