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2018 REBNY Initiatives and Activities
November 26, 2018
REBNY membership dues were instrumental in helping REBNY accomplish the following initiatives and activities for our industry in 2018:
– REBNY served as a leading advocate and supported key REBNY members who negotiated the single largest economic development project in New York State history with the announcement of Amazon’s HQ2 move to Long Island City.
– This year, REBNY joined forces with Building Skills New York, a not-for-profit organization that helps New Yorkers find construction jobs across New York City. In 2018, Building Skills placed individuals in more than 210 construction jobs so far this year, an increase of 90% over 2017, expanding its efforts to engage underserved communities with high rates of poverty and unemployment by growing a skilled construction workforce and providing access to broader career pathways.
– Following REBNY Chairman Bill Rudin’s call to focus efforts on retaining and promoting women, people of color, and others from diverse backgrounds in the real estate industry, REBNY formed a new working group that began meeting and set goals to increase diversity and inclusion in the industry.
– REBNY forcefully pushed back on a City Council bill that would mandate Commercial Rent Control in an ill-advised effort to help small retail businesses. In October, we organized more than 100 REBNY members who attended a public hearing at City Hall. REBNY members joined allies represented by co-op and condo homeowners, business improvement districts, affordable housing advocates, 32BJ building service workers and religious charitable nonprofit organizations, all of whom are strongly opposed to commercial rent control.
– Driven by the demand for real estate technology innovation, the REBNY Tech Committee hosted the PropTech Challenge, a global competition among software developers that drew entries from across the United States, Canada, and a dozen other countries. The PropTech Challenge provides a platform for REBNY members to connect with emerging tech talent needed to create cutting-edge PropTech solutions and new tools to improve efficiency across all aspects of the real estate industry.
COMMERCIAL BROKERAGE DIVISION
– The General Members Committee held two Members’ Luncheons this year where top industry executives discussed the shifting trends and changing strategies to drive value in the industry. These luncheons were attended by a combined total of more than 1,000 industry professionals at the New York Hilton and The Ziegfeld Ballroom in Midtown.
– The Sales Brokers Committee’s Most Ingenious Deal of the Year Cocktail Party and the Retail Committee’s Retail Deal of the Year Cocktail Party gathered more than 500 industry leaders to celebrate the year’s most creative and significant deals in NYC real estate.
– The Division’s Annual Commercial Holiday Luncheon on December 5th celebrates the work of REBNY’s Commercial Committees and Board of Directors, and will feature keynote speaker Ric Clark of Brookfield Property Group.
– In addition to the Division’s Commercial Seminars, our 14 Commercial Committees hosted key lunch and breakfast meetings, keynote speakers, and panel discussions with industry experts and community leaders.
– Attendance to commercial brokerage events is up 16% from last year.
RESIDENTIAL BROKERAGE DIVISION
– In 2018, participation in Residential Brokerage events and programs reached record levels. Attendance at REBNY programs and events increased by 45% and the number of programs delivered increased by 26%.
– This year we celebrated the first anniversary of a major milestone for REBNY’s Residential Listing Service. The launch of RLS Syndication has empowered REBNY brokers and salespersons to send residential listings via the RLS to a growing network of local, national, and international consumer websites, centralizing listing data through a single feed. The success of this effort is demonstrated by the participation of 600 residential brokerage firms, and 98 percent of them have adopted Syndication. Major consumer websites are part of a network of more than 100 sites and we look forward to welcoming more players the entering the NYC market.
– The RLS also developed and launched a new compliance tool, which is a critical milestone in our commitment to clean and accurate residential listing data.
– Proceeds from this year’s 30th Annual Residential Deal of the Year Charity & Awards Gala benefited REBNY’s Member in Need Fund. #RESDOY18 honored standout professionals for their acumen and contributions to the residential real estate industry.
– The Residential Brokerage Upper Manhattan & Bronx Committee held its sixth annual Uptown Open House Expo in May, a public event that showcases all in one weekend REBNY members’ exclusive co-ops, condos, and townhouses for sale, in addition to a selection of new rental units, throughout Harlem, Washington Heights, and Inwood.
– The Residential Brokerage Membership Committee’s annual Shark Night, quarterly free-for-members Top Broker Seminars, and June Residential Brokerage Division Owners and Managers Breakfast gathered more than 600 industry professionals combined. They were complemented by the Residential Brokerage Rental Committee’s bimonthly Rental Clinic Seminars.
– Two new and innovative 2018 events were REBNY’s Member to Member. Ryan Serhant of Nest Seekers International and Stefani Berkin of R NY; and the Tech and Innovation Expo focused on influencers and new products from RLS partners.
– The Residential Brokerage Division oversaw continued expansion in boroughs of Brooklyn and Queens with nearly 2,000 agents across the boroughs outside of Manhattan, with active involvement by members in REBNY initiatives, meetings, discussions, and events across all the division’s committees.
– Over 7,000 members and non-members attended in-person and online courses to acquire or renew their license, gain business skills, or obtain designations.
– A wide range of over 75 New York State approved Continuing Education Courses were taught by certified instructors.
– Enrollment in online and in-person education courses is up 46% from last year
OWNERS AND BUILDERS, MANAGEMENT, AND INSTITUTIONAL OWNERS AND INVESTORS DIVISIONS
– The 20th Annual Residential Management Leadership Breakfast and 15th Annual Commercial Management Leadership Breakfast gathered more than 1,200 professionals combined to celebrate the achievements of outstanding leaders in commercial and residential property management.
– REBNY’s recommendations as a part of the Garment Center Steering Committee took significant steps forward in 2018. A strategic plan to jumpstart an exciting new chapter for the neighborhood was approved by the City Planning Commission and is expected to win City Council approval by the end of the year. The plan will reenergize the district by lifting the zoning restrictions that have been a drag on the neighborhood since 1987, while actively preserving its role as the historic home of the apparel industry.
– REBNY testified before the New York City Advisory Commission on Property Tax Reform. Calling for a fairer, clearer and simpler real property tax system that should tax all real estate uniformly at their fair market value and establish guidelines to ensure that the burden on any individual property is not excessive or confiscatory.
– REBNY continues to oppose the imposition of a Commercial Waste franchising system. The City responded to our thoughtful questions and pressing concerns by proposing non-exclusive zones allowing multiple carters to operate in high-density areas. We continue to press for a re-examination of how environmental and safety concerns can be addressed without resorting to the franchising system.
We provide for our members a wide range of benefits, informational resources and tools, career development programs, networking opportunities, and services.
Through participation in our committees, advocacy efforts, education programs, social functions, and career-changing awards we help you elevate your career, maximize your professional growth, and meet your business goals.
REBNY resources include:
– Career advancement through participation in REBNY Committees, which meet regularly to discuss critical industry topics, inform policies, and share expertise and information on key issues of interest to the real estate community
– Countless networking opportunities including REBNY seminars, membership luncheon and breakfast forums, cocktail receptions, award ceremonies, and the Annual Banquet, attended by more than 2,200 industry members
– Proactive lobbying representation in New York City and New York State on quality of life and legislative issues that affect our city and our profession
– Participation in the REBNY Residential Listing Service (RLS), which requires all residential member firms to co-broke and share their exclusive listings simultaneously with any public dissemination of the listing
– Access to REBNY’s arbitration and mediation process to decide disputes
– Streamlined, user-friendly weekly emails with custom content for subscribers to Residential Brokerage, Commercial Brokerage, and Owners & Managers newsletters
– Access to REBNY’s Legal Line for help on legal matters and the Legal Line Question of the Week e-newsletter by attorney Neil Garfinkel, REBNY’s Broker Counsel
– The latest market data and statistics, policy reports, and broker studies that outline current New York City residential and commercial market conditions and trends delivered through quarterly and bi-annual Research Reports and the Research e-newsletter
– Access to the expansive REBNY Property Database
– A wide range of New York State-certified qualifying and continuing education courses for brokers and salespeople, taught by certified instructors and offered with REBNY member discounts of up to 50 percent
– A growing array of free non-credit seminars to enhance your professional development
– Professional education programs that include graduate designations for professionals with an advanced level of experience
– An expansive package of Benefits and Rewards including help in obtaining health insurance and retirement planning and discounts from over 40 vendors and suppliers
– Professional staff to assist members with a wide range of real estate issues.