REBNY is advocating for the health of New York City’s residents and our economy, supporting our members by advocating for their interests in a variety of ways.
We are educating our members about new laws that can impact their businesses and using our resources to connect the real estate industry with federal, state and local officials and others in need.
REBNY continues to advocate for common-sense solutions to address today’s unprecedented economic challenges head on.
To keep crucial parts of New York’s economy moving, we believe that virtual business is critical. REBNY continues to push for technical advances like Governor Cuomo’s Executive Order allowing temporary virtual notarization of documents – a practice that both supports our industry and helps keep New Yorkers safe. Our organization issued best practices to help facilitate remote real estate closings. These guidelines focus on eliminating in-person interactions and leveraging technology in order to facilitate closings during the current crisis.
Additionally,
to best help our agents, brokers and consumers when the market normalizes, REBNY
stopped “Days on Market (DOM)” calculations across all consumer websites in New
York City that participate in our Residential Listing Service (RLS) until
further notice. Stopping the DOM calculation is essential. Because of the
Coronavirus crisis, DOM calculations would not represent the normal cycle of
the market.
REBNY is also
focused on providing accurate and critical information not only to our members, but to all New Yorkers
to help navigate these uncharted waters.
To do
this, we continue to arm members with regular Coronavirus updates. We are in
constant communication with federal, state, and local officials and
continue to provide the most up-to-date
and comprehensive guidance to our members. Additionally, we are hosting
best-practices conference calls to inform real estate professionals on ways our
industry can do our part to help.
Our new Coronavirus Resource Hub will connect members, the real
estate industry and New Yorkers with resources related to the federal stimulus, real estate industry, government programs and ways to get involved. The Coronavirus
Resource Hub will provide a trusted, centralized source of information that
will help the real estate industry navigate the quickly changing business
climate during this difficult time.
Lastly, REBNY
is in constant contact with authorities and those in need in order to support
our City. We connected our members with state and local officials to help
locate vacant spaces for emergency operations. REBNY also put a call-to-action
out to the real estate community detailing the specific needs and encourage
anyone with space to contact us at [email protected].
As we
navigate these uncharted waters, the health and safety of New Yorkers is our
top priority. We can all do our part. Even in our darkest hours, we know that
the real estate and construction industries will have a vital role to play in
rebuilding New York’s economy.
