June/July 2007

ROCKLAND COUNTY BOARD OF REALTORS THE VOICE FOR REAL ESTATE

Name: ________________________________________________________________________

Agency __________________________________________ Phone # ____________________

❑ check ❑ charge amount ______________________

Account # _____________________________________________ Exp Date ______________

Please send in your registration before July 2nd, 2007 RCBOR, 300 N Middletown Rd, Pearl River, NY 10965

Fax (845) 735-0415

ROCKLAND COUNTY BOARD OF REALTORSGENERAL MEMBERSHIP MEETING

Meet with the School District Superintendentsor their Representative and Kick Off

Monday, July 9, 2007 • 9:00am - 11:30 amBuffet Breakfast

$20.00/per person - RSVP By: 7/2/07Casa Mia Manor House

577 Route 303, Blauvelt, NY

We will be collecting school supplies at this meeting

BACK TO SCHOOL SUPPLY DRIVE

Page 2 | June/July 2007

ATTORNEYS

Kahn & Licker 845-638-0800

Susan Keene 845-634-8181

Steven Landau 845-639-6031

James Leopold 845-638-3938

Deborah W. Loewenberg 845-638-4747

Angelo M Lucrezia 845-634-6291

Dennis D Michaels 845-348-0001

Frank J Phillips 845-947-1100

BANKS

Hudson Valley Bank 845-521-7006

Provident Bank 845-369-8040

BUILDERS

Max Glazer 845-425-2230

CREDIT UNIONS

Palisades Federal Credit 845-732-4242

ENGINEERS

Andrew R. Yarmus 845-634-3580

HOME INSPECTORS

A.B.L. Inspections 845-634-3580

FTF Inspections CorpThe HomeTeam Inspection Service 845-357-8326

EMCO Home Inspection LLCHouseMaster of Rock/West 845-603-8134

United Inspection Consultants Inc 845-947-4577

HOME STAGING

Rockland Home Staging, LLC 845-731-9510

HOME WARRANTY/E & O INSURANCE

First American Home Warranty 800-698-0422

INSURANCE

Anzisi Rubinoff Agency 914-777-3577

Kevin Casey Allstate Agency 845-429-2500

Liberty Mutual Insurance 845-639-4982

MORTGAGE BANKERS

American Home Mortgage 845-634-4460

Bank of America 914-286-5465

Bank of New York Mtg Co 845-624-1084

*Countrywide Home Loans 845-298-6311

GFI Mortgage Bankers, Inc. 845-358-8000

GMAC Mortgage 845-624-1100

Hudson City Savings Bank 201-818-5102

Union Federal Mtg Corp 845-624-3200

Wells Fargo Home Mtg 845-638-6400

MORTGAGE BROKERS

HLB Mortgage Services 845-620-1422

Home Capital Mtg Corp 845-965-9106

Rand Mortgage 845-825-8050

United Fidelity Mortgage 845-638-1404

Upscale Equities, Inc. 845-371-2622

PUBLICATIONS

Home and Family Finance 845-732-4737

TITLE INSURANCE

Commonwealth Land Title 845-634-7070

*Welcome New Affiliates

AFFILIATESPLEASE SUPPORT YOUR ROCKLAND COUNTY BOARD OF REALTORS® AFFILIATES ANDRECOMMEND THEM TO YOUR CLIENTS AND CUSTOMERS

THE ROCKLAND REALTOROFFICIAL PUBLICATION of theROCKLAND COUNTY BOARD OF REALTORS300 North Middletown RoadPearl River, New York 10965(845) 735-0075 email: admin@rcbor.com

Our goal is to better inform our membership and providea vehicle for us to communicate with each other. This isyour newsletter. We invite you to submit articles and sug-gestions to Editor, Board of Realtors, 300 N. MiddletownRd., Pearl River, NY 10965 or call 735-0075

NEWSLETTER STAFFEDITOR: Warren SwitzlerASSOC. EDITOR: Karen Peters

Interested in advertising in this newsletter? Call 735-0075The Rockland County Board of REALTORS makes nowarranties and assumes no responsibility for theaccuracy of the information contained herein. Theopinions expressed in articles are not necessarilythe opinions of the Board of Realtors.

visit our website at www.rcbor.com

PRESIDENT’S MESSAGE

HOME STAGINGVISIT OUR WEBSITE

www.homestagingsystem.com

or call for consultationDecorating with Fabric

845.352.5064

Page 3 | June/July 2007

2007 OFFICERS AND DIRECTORS

PRESIDENTNettie Price 354-5454

PRESIDENT-ELECTRaj Bajaj 624-6500

SECRETARYWarren Switzler 446-2657

TREASURERDenise Murphy 634-1668

IMMEDIATE PAST PRESIDENTRoberta Bangs 634-4202

PAST PRESIDENTMerrill Starostiak 634-0400

DIRECTORSAdam DiFrancesco 357-8100Elizabeth Rosenblatt 354-2554Marta Segarra-Allen 623-5200Ellen Murphy 358-7171Mike Nuzzo 357-4747Bill Thorne 634-7474Barbara Corrente 624-8100Diane Wanamaker 947-7700Rachel Taub 364-0007Sharon Tucker 632-5200

AFFILIATESDrew Kessler 638-9402Arcenio Pena 357-8326

As I sit here Memorial Day morning I thinkabout all the great things we have here inour country. I think how did it all comeabout, and why are we complaining,without doing enough to help improve it.

It is like everything else in life; no time, notmy job, who really cares, let someone elsedo it. These are some of the attitudes thatlimit our progress and involvement inour country, society, family and ourorganization… the Rockland County Boardof Realtors.

Think about this, only 77 members outof about 1600 attended the Orange andRockland Convention this year. Onlytwo members are representing yourorganization this Lobby Day in Albany.We have been asking people to joina committee in each and every issue sincethe first of the year. It’s not too late toget involved.

One person cannot do everything. It takesmany people to keep us functioning. MyBoard of Directors is doing a greatjob preparing educational programs,community fund raising events, socialevents, and maintaining operationalsolutions. My thanks to all of them whohave enabled us to have our level of successthis year. There have been manyoutstanding programs and many moreto come. Be part of them and show yourappreciation for the people who work foryour benefit.

The questions still remain. Have you doneyour job? Have you participated? Whatcan you contribute? Will you be willingto contribute?

We need energetic people with newthoughts and willingness to commit toservice. This is your opportunity. Do notwaste it.

NettieI call your attention to the application inthis issue to serve on the Board ofDirectors. Anyone who wishes to serve onthe Board of Directors needs to apply. Thisapplication applies to current BoardDirectors whose term will expire at theend of this year. You must re-submit anapplication for consideration.

Questions of the day:

This is your organization. Make it better.What service can you contribute toimprove it? Nothing is not an acceptableanswer. Think about it. Where would webe if everyone had that attitude?

THE FOLLOWING HAVE BEEN APPROVED AS REALTOR MEMBERS:

THE FOLLOWING HAVE BEEN APPROVED AS DESIGNATED REALTOR MEMBERS:

Terry L Brundage Brill-Tishman Co.Allan Eisenkraft Allan EisenkraftDavid Escoffery Olicon Realty LLCMoshe Gottfried Blue Sky Realty Group LLC

Colleen Holbrook Quinn Comm’l PropertiesUsher Klein Infinity R.E. AppraisalsRonak M Jani Jani Realty & Investments IncSamuel Pollak Samuel Pollak

MEMBERSHIP

Peter J Accumanno Weichert RealtorsEdward L Alexander ORC RealtyLisa Axt-Ohannesyan ERA Tucker AssociatesGregory Azoff Weichert RealtorsSchmuel Bernfeld Mark 1 Real EstateMarjorie J Bernstein Weichert RealtorsVanessa Colon Weichert RealtorsMonique M Curtis Weichert RealtorsAntonella DiSilvio Keller Williams Hudson ValleyNicole DuBow Baer & McIntoshAdelaide Ducey Peterkin & FitzgeraldChristopher Fabrizio Star Realty of RocklandMarino Fontana Delaney RealtyChaim Fried Mark I Real Estate Melissa Anne Germasen Century 21 GrandJavier Gil Prudential Rand RealtyNerlande Gilbert-Chery Weichert RealtorsShannon Greene Prudential Rand RealtyLori Hirsch Sohn Real EstateRamon Huertas Weichert RealtorsDiana C Hun Joyce RealtyMarty M Jia P. Thomas Mathew REIndranil S Joshi Coldwell Banker Res BrokerageJesus Juarez Your Choice RealtyLauren Kahn ERA Tucker AssociatesKenneth A Karlewicz Kennedy & KennedyMilton Katcher Kennedy & Kennedy

John Kenney Country Corners Real EstateDeborah Kleiner Prudential Rand RealtyTina King Prudential Rand RealtyKenneth J Kovis Weichert RealtorsSandra H Kyong Weichert RealtorsJody Landman-Bauer Century 21 GrandJoanne MacLeod Weichert RealtorsRichard Marshall Prudential Rand RealtyJaimie Victor Massari Coldwell Banker Res BrokerageJames McCabe Coldwell Banker Res. BrokerageErik Melanson Teger Commercial LLCJames Miller Keller Williams Hudson ValleyValerie Miles Weichert RealtorsLauren Muller Prudential Rand RealtyGreg Ozanian Weichert RealtorsCarlos Padilla Prudential Rand RealtyLaureen Piwowar Weichert RealtorsAri Ralbag Rodeo RealtyPamela D Simpson Weichert RealtorsKaren Steffanato Prudential Rand RealtyDebra Tenore Weichert RealtorsAlbert Torok Weld RealtyStephen Uhl Weichert RealtorsRosa M Velazquez Weichert RealtorsNaji Wassaf Weichert RealtorsPhilip Zayas ERA Tucker Associates

Page 4 | June/July 2007

RPAC$99.00 Contributors

$250.00 Capitol Club

Life Members

Roberta Bangs

Laurie DiFrancescoEd Glazer

Karen GlazerMarion Reichner

Russell WoolleyJean Yassky

Alan Yassky

John AlexanderEugenia AndersonBernardo AngelesApril BakerAnthony BallettaJoe BarattaHope BeauchampSusan BovaLen CarrKayamkattil ChackoRon ChromeyDoug Cowie John D’ErcolePatricia DelaneyNoel DeLorenzo

Adam DiFrancescoRichard EllisLeah FeinerAbel FerraroChuck FrankelSolomon FuerstLinda GambardellaScott GdanskiEd GlazerSol GenuthHarlene GoidelJacob GoldmunzerJoann GrandoHarold GruneEd Guardaro

Jack GubermanAnnabelle HackettMarie HoeyMoshe HopsteinRobert HoytJoseph IlliparampilKevin JoyceMary Ellen JoyceEvelyn KaganLonna KinV. KunjupillaiMarcy LawrenceLinda LipkinsEd LopezHarold MacCartney

Richard MancusoPaul McKearninLinda MichelsJoseph MitlofBrian NelsonMoshe NewhouseCarol NewmanMichael NuzzoKerney ObyAnthony OcchipintiVarghese OlahannanAngela Paul-HarrisGreg PeterkinGail PosnackAntonio Reda

John RenteriaThomas Mac RobbieChaya G RosenbergJudeline Tamar RouzardDavid SandersAdrianne SaundersSteve SchillerSarah SchwabChris ScibelliDeborah SheehanJeanne ShieldsWalter SmithDiane SnyderMerrill StarostiakMichael Starvaggi

Naomi StreicherWarren SwitzlerMichael TauberLynn TegerRobert ThomasSharon TuckerLinda VigliettaDiane WanamakerStuart WeinbergerRichard WeismanRussell WoolleyCharlene YerkovichThomas Yu

Page 5 | June/July 2007

NAR NEWSFrequently Asked RESPA Questions, Answers Provided by NAR’s Legal Counsel

1. Q. RESPA prohibits service providers fromgiving anything of value in exchange for referrals of business. Does that prohibition applyonly to certain types of service providers (i.e.lenders, title companies) from providing food atopen houses or does it apply to all serviceproviders (i.e. home inspectors, pest controlcompanies, advertising companies and others)?

A. RESPA applies to settlement serviceproviders and does not distinguish amongdifferent types of settlement providers. Asettlement service includes any serviceprovided in connection with a real estatesettlement including, but not limited to, titlesearches, title examinations, the provision oftitle certificates, title insurance, servicesrendered by an attorney, the preparation ofdocuments, property surveys, the renderingof credit reports or appraisals, pest andfungus inspections, services rendered by areal estate broker or agent, the origination ofa federally related mortgage loan and thehandling of the processing and closing orsettlement. This list is broad but not allinclusive. Anything listed on a HUD-1 formcould be a settlement service and thecompany providing it a settlement serviceprovider.

2. Q. Is a home warranty company a settlementservice provider?

A. As noted above a settlement service provideris one who provides services in connectionwith the purchase/sale of a property that arepaid for, directly or indirectly, out of thefunds at settlement. Most home warrantiesare sold in connection with a property saleand therefore the company selling thewarranty would be a settlement serviceprovider.

3. Q. If a title/mortgage company sponsors a“get-away” at a resort property for brokers andagent and offers education, is it a violation ofRESPA?

A. A title company or mortgage companypaying for an educational event, so long asthe costs associated with the event do notdefray the expenses that the real estate agentwould otherwise encounter, would bepermissible. Note, however, that a rule ofreason should be applied. An educationalevent hosted by a mortgage lender that washeld at a local hotel and provided a lunchwould be quite different from an educationalevent held in Hawaii in which one hour wasdedicated to education and the remainder ofthe event was directed toward recreation.

4. Q. When a title company hosts an agentluncheon at an open house, they are providingfood in hopes of meeting agents - just asRealtors hold open houses. Doesn’t this need tobe looked at in a much more practical way andallowed under RESPA?

A. If a real estate agent requested that a titlecompany pay for a lunch that the real estateagent was hosting, and the title company

agreed, the payment would be a thing ofvalue for, or in the hopes of, the referral ofsettlement service business. If, however, thetitle company paid for the lunch, but attendedthe open house and gave a brief presentation,or prominently displayed a sign indicatingthe title company’s name and distributedbrochures about the title company during theopen house, there is a reasonable argumentthat this activity is a form of advertising andtherefore acceptable under Section 8(c)(2).Again, real estate agents should apply a ruleof reason. If these activities and materials arepresent, a casual lunch of sandwiches for$200 likely would be acceptable. A cateredlunch by an expensive restaurant at a cost of$800, however, would more likely be viewedas a referral fee.

5. Q. Is it legal for a REALTOR® Association tosolicit sponsorships from affiliate members whoprovide settlement services for Associationfunctions that are not education-related suchas awards and recognition ceremonies andassociation fundraisers?

A. While such events provide something ofvalue to the association, the association is notin a position to refer business to thesettlement service provider. Since real estateagents do not receive anything of value fromthe affiliate member by their attendance atthese events, such sponsorships would notviolate the law. In addition, it would behelpful if some sign or brochures are postedso that the affiliate member can claim thisactivity as an advertising cost.

6. Q. Does RESPA bar local boards orassociations of REALTORS® or NAR affiliatesof their local chapters from accepting fromsettlement service providers donations orsponsorships of meetings, awards andfundraisers?

A. Sponsorship of an association event is notprohibited by RESPA unless, as noted above,such sponsorship means that the associationdoes not charge brokers and agents attendingthe fee that they would normally be obligatedto pay. The association is not in the real estatebusiness and therefore not in a position torefer buyers or sellers to the party sponsoringthe event.

7. Q. Is it legal for Affiliate Members whoare settlement service providers to sponsorcontinuing education or new member orientationclasses?

A. It depends on whether some of the expensesan agent would otherwise bear are defrayedby the affiliate member. In the case of anorientation course there is probably noproblem because new members pay anapplication fee which is the same whether anaffiliate sponsors the course or not. If theaffiliate is simply recognized as a sponsor itis similar to an affiliate running an ad in theassociation paper and would be considerednormal marketing activity. Sponsorship of

continuing education is more likely to be aviolation because members normally have topay a fee to attend such programs. If the costof the course is underwritten by the affiliateso that the agents need not pay fees that theyotherwise would have to pay, suchsponsorship could be interpreted as a thing ofvalue received by the agent for RESPApurposes.

8. Q. Is it legal for Affiliate Members to put oneducation courses about the services the affiliatemember provides for REALTORS®?

A. Yes, Affiliate Members may put on classesabout their business, since suchinformational programs are consistent withthe marketing of an affiliate’s business.

9. Q. Can an Affiliate Member donate items tothe Association’s Political Action Committeeauctions?

A. RESPA does not prohibit such donations, butthe association should check with a campaignfinance expert.

10. Q. May a mortgage company cater the foodto be offered at a broker’s open house tour?

A. Again, if the mortgage company came to thelunch and provided a short presentationregarding interest rates and loan programs,the payment would likely be permissibleunder Section 8(c)(2). Furthermore, if themortgage company prominently displayed asign indicating its sponsorship of the lunchand distributed brochures during the openhouse, the payment would likely bepermissible. A rule of reason should beapplied. If these activities or materials arepresent, a casual lunch of sandwiches forbrokers could reasonably be a permissiblemarketing cost.

11. Q. Can brokers and agents accept fromlenders and distribute to prospective buyersflyers containing financing information? Forinstance, at an open house, may a lender provideflyers that offer closing cost calculations forvarious down payment scenarios, to bedistributed by brokers and agents?

A. Distribution of such flyers providedby lenders does not violate RESPA. Theinformation gathered is consistent with thereal estate agent’s responsibilities to his orher client to facilitate the sale of the propertyand no separate benefit flows to the agentfrom the lender. The agent may not, however,accept from lenders flyers which alsopromote the listed property, since that wouldresult in the lender bearing a portion of theagent’s advertising expenses, which are theagent’s responsibility.

____________________________________

1. The answers provided here are based oninterpretations of RESPA. Real estate brokersand agents should also check any bulletinsissued on these subjects by state regulators.

Page 6 | June/July 2007

COMPLYING WITH THE HOME EQUITY THEFT PREVENTION ACTBy Edward Sumber, Esq.RCBOR Legal CounselArticle reprinted from Real Estate In-Depth, March 2007

Imagine that you are about to leave forCape Cod for a family reunion. Thedoorbell rings and you are handed aSummons and Complaint in a lawsuitbrought by the Attorney General of theState of New York in which you have beennamed a co-defendant in a civil andcriminal action for conspiring to violate theHome Equity Theft Prevention Act, whichbecame effective on Feb. 1, 2007.

Your Side of the StoryShaken with fear as you read through theSummons and Complaint, you begin torecall the transaction: Your friend Margaretcalled to tell you about Mrs. Callaghan whowas 87 years old and just lost her husband.Mrs. Callaghan lives in the three-familyhouse next door to Margaret. Margaretreported to you that Mrs. Callaghan askedher to look at the Notice of Default from hermortgage lender indicating she was nowfive months behind in her mortgagepayments. Mrs. Callaghan further said, “Ihave been unable to go to the lawyer sincemy husband died. I think he had a will andI think he had a lot of money but I don’treally know. There are only a few paymentsleft on the mortgage.” Your friend Margaretasked you if you knew anyone who couldhelp Mrs. Callaghan. You immediatelycalled Jack, the young mortgage brokerwho visited your office last week to offerthe services of his new firm. Jack visitedwith Mrs. Callaghan, did a title search onthe property, determined that there was only$11,000 payable on the mortgage and madethe following transaction with Mrs.Callaghan: a) He agreed to buy theproperty from Mrs. Callaghan for anominal sum of $25,000 giving Mrs.Callaghan the right to repurchase theproperty within one year when presumably,she could settle her husband’s estate. b) Headvised Mrs. Callaghan that the excessfunds over the $11,000 balance of themortgage would be given to Mrs. Callaghanso that she could pay rent to Jack until theestate was settled. Jack would permit her tobuy back the property for $35,000, whichwould cover his time and effort and legalfees and other expenses in making thesearrangements. c) Jack also assured Mrs.Callaghan that she would incur no legalfees. He would have his lawyer take care of

all of the paperwork and he would pay all ofthe costs personally. d) With a sigh of reliefand tears of gratitude, Mrs. Callaghanagreed to what appeared to be a gift fromheaven. e) You were so excited to be able tohelp this distressed senior citizen that youoffered to waive any compensation to youor to your firm for putting Mrs. Callaghanand Jack together. Jack, however, insistedthat you should be compensated. He paidyou $2,500 for making the introduction.Your only thought at the time was, “What asweet young man he is.” After the closingtook place, Mrs. Callaghan indeed becamethe tenant in the premises and began to payrent to Jack. She died six months later andin the legal complaint, you now learn thatMrs. Callaghan had no children. The PublicAdministrator was appointed to administerher assets. The Public Administrator hascaused the Attorney General to commencethis action under the Home Equity TheftPrevention Act. The allegations indicatethat you, as a real estate broker, conspiredwith Jack, the mortgage broker, to foster atheft from Mrs. Callaghan of her equity inher home. After Mrs. Callaghan died, Jacksubsequently sold the home for $625,000.Jack pocketed a windfall profit of$600,000. The lawsuit also seeks to rescindthe sale of the property by Jack to ABCRealty, Inc., a company that acquires one tosix-family homes as investment properties.

Have I DoneSomething Wrong?Your first reaction is, “Oh My God! Have Idone something wrong?” You consult witha law firm only to be told that you may wellhave participated in a conspiracy under theHome Equity Theft Prevention Act, whichcould: a) render you liable for restitution tothe estate of Mrs. Callaghan; b) permit thecourt to impose a civil penalty against youof $25,000; c) place you in line for adamage suit by ABC Realty, Inc., whichpurchased the property from Jack, themortgage broker, and which is now beingsubjected to an action for rescission by thePublic Administrator; d) render you liableeven though you were not the purchaser ofthe property, for having conspired with Jackto violate Section 265 of the Real PropertyLaw. If upheld, a conviction would subjectyou to punishment for a Class E Felonyand a fine of not more than $25,000, orimprisonment in accordance with the PenalLaw, or both; and e) result in the loss ofyour Real Estate Broker’s license.

But I Was Just Trying to Help!Real estate licensees are charged withknowing the law and acting in accordancewith the laws that govern real propertytransactions. The failure to so is consideredto be an act of incompetence oruntrustworthiness under the Real PropertyLaw. Although your intentions were to behelpful and you magnanimously offered towaive any compensation, accepting the$2,500 from Jack the mortgage broker,placed you in the role of a co-conspirator.While you may not be found guilty of acriminal conspiracy (and there is nocertainty about that), you will have severalyears of litigation at a minimum, thepotential loss of your license and enormouslegal bills.

What is the Home EquityTheft Prevention Act?The Home Equity Theft Prevention Act wasunanimously passed by the Assembly andSenate in the State of New York and signedinto law by Governor Pataki in the summerof 2006. It was introduced in response tothe alarming rise of home equity theft inNew York State, particularly in instances inwhich the elderly, less informed andlow-income communities are concerned.Real Property Law Section 265A wasadded and sets forth (in part) the legislativeintent: “The Legislature finds and declaresthat homeowners who are in default on theirmortgages or in foreclosure may bevulnerable to fraud, deception, and unfairdealing by Home Equity Purchasers...During the time period between the defaulton the mortgage and the scheduledforeclosure sale date, homeowners infinancial distress, especially poor, elderly,and financially unsophisticatedhomeowners, are vulnerable to aggressive“Equity Purchasers” who inducehomeowners to sell their homes for a smallfraction of their fair market values, or insome cases even sign away their homes,through the use of schemes which ofteninvolve oral and written misrepresentations,deceit, intimidation and other unreasonablecommercial practices.”

Who Supported and WhoObjected to this Act?This act was promoted by an entity called

Continued on page 7

Page 7 | June/July 2007

“New Yorkers for Responsible Lending,” astate coalition of 121 groups, whichbrought to the attention of the New YorkAssembly and the New York State Senatethe vulnerability of homeowners to“foreclosure rescue” scams. The RealProperty Law Section of the New YorkState Bar Association indicates that itvigorously opposed this enactment. TheBar Association identifies the AmericanAssociation of Retired People (AARP) withhaving promoted this legislation despitesignificant deficiencies.

Summary of the Act’sKey Provisions1.All contracts must be in typed size equalto 12-point bold face in English and ifSpanish is the primary language of theseller, it must also be presented in Spanish.2.The law applies to properties, which arethe subject of a foreclosure sale or in whichthe seller is two months or more behind inthe seller’s mortgage payments. 3. Thecontracts are to have an effective date that isfive business days after the date the contractis executed. 4. Notice of the Right to Cancelmust be set forth in the contract alongwith the form of Notice of Cancellationspecified in the statute. 5. The act requiresfull information regarding the names,addresses, telephone numbers, etc. of thepurchaser, the address of the subjectproperty, the total consideration to be givenby the equity purchaser and a completedescription of the terms of the transaction,not limited to any “services” to be providedby the purchaser, which the seller has beentold will be performed before or after thesale. 6. The contract must also specifywhen physical possession of the residenceis to be transferred to the purchaser, theterms of any rental or lease agreementgiving the seller the right to continue toreside in the premises, the terms of anyre-conveyance arrangement, etc. 7. Themost significant recourse that a seller hasagainst a purchaser in these situations is theability to void the contract for a periodof up to two years following the date ofreporting the conveyance from the seller tothe purchaser. Even if the residentialproperty was subsequently transferred toa bona fide purchaser, the bona fidepurchaser may be subject to rescission aswell if the seller did not receive propernotification. 8. The act provides that theNotice of the Right to Cancel must be set

forth in 14 point bold type if the contract isprinted or in capital letters if the coveredcontract is typed.

Consequences ofNon-ComplianceIf an equity purchaser is in violation of theact, the transaction may be voidable by theseller for up to two years following the dateof the recording of the conveyance. If thepurchaser in a tainted transaction sells to abona fide purchaser prior to the originalseller filing a Notice of Rescission, thebona fide purchaser is not subject torescission by the seller.

Obligations ofMortgage EntitiesThe act not only applies to purchasers butalso to mortgage lenders includingmortgage bankers, mortgage brokers oreven an exempt organization which hasknowledge that the equity purchaser wasnot in compliance with the new act. Inforeclosure proceedings, the Summons andComplaint must be accompanied by aseparate notification printed on paper,which is in a color other than the paper onwhich the Summons and Complaint areprepared. The title of the notice must be inbold 20 point type stating, “Help forHomeowners in Foreclosure.” Thenotification goes on to warn owners inforeclosure about persons who mightapproach them offering to “save” theirhome. The resources of governmentagencies, legal aid entities and othernonprofit organizations are offered togetherwith the toll-free help line number throughthe New York State Banking Department.

What is a Realtor to do?Realtors must know that in order tofacilitate a smooth transaction between apurchaser and a seller, it is now imperativethat the Realtor inquire of the seller as towhether the property is in foreclosure orwhether the seller is two or more monthsdelinquent in his or her mortgagepayments. With respect to Purchasers,Realtors must determine from thepurchasers whether they will live in thepremises. If the purchasers will live in thepremises, they are exempt from theprovisions of the act. This act is targeted atunscrupulous practices of investors. It willalso affect many purchasers who buy forinvestment purposes and who do not intendto reside in the premises. There are anumber of “Equity Purchasers” who willbe exempt under the law including: 1.

Purchasers who use the property as aprimary residence. 2. Purchasers under adeed from a referee in a foreclosureproceeding. 3. Purchasers in a sale ofproperty authorized by statute. 4. Salesordered by or pursuant to a judgment of anycourt. 5. Sales by a spouse, parent orgrandparent, child, grandchild or sibling ofsuch person. 6. A not-for-profit housingorganization or public housing agency. 7. A“bona fide purchaser or encumbrancer forvalue.”

Others AffectedLawyers will now have to add provisions totheir contracts whereby the purchaserrepresents that the purchaser is buying foruse as a principal residence and sellers willhave to represent that the property is not inforeclosure nor is the mortgage two or moremonths delinquent. Title companies arealready concerned that the onerousprovisions of the act permitting the remedyof “rescission,” place an undue burden ontitle insurance companies. Title insurersmay be forced to raise exceptions to titleinsurance when a property is transferredafter Feb. 1, 2007 pursuant to “any coveredcontract entered into on or after such date.”The title insurance industry has alreadynotified its agents that they are nowexpected to obtain various affidavits fromsellers and purchasers and receiveindemnification from the purchaser that thepurchaser is an exempt person under theact. Moreover, when a property has been inforeclosure there are instances when titleinsurance companies indicate that they willnot insure title for a non-exempt purchaserwho acquires title from an equity seller in aforeclosure proceeding through an outrightacquisition or a saleleaseback arrangement.

Does the Law AddressReal Estate Licensees?The act makes no specific reference toreal estate licensees. The act however, isonerous. It will impact a buyer’s ability toobtain title insurance and possiblytherefore, financing for properties whichmay have been subject to a transactionwhich falls within the purview of the HomeEquity Theft Prevention Act. Under thecircumstances, it behooves real estatelicensees to be aware that the act exists andto ask the appropriate questions of buyersand sellers.

Continued from page 6

Page 8 | June/July 2007

DO YOU KNOW?

ID THEFTProtect Yourself From IdentityTheft With These Tips:• Check credit report annually and beforemajor purchases.• Check bank and credit card statementsregularly and report unauthorized trans-actions immediately.• Carry only the credit cards, checks and

identification you need.• Safeguard your Social Security

Number.• Don’t give out personal information

unless you know the recipient.• Pick up receipts from ATMs,

restaurants, and stores.• Protect your Personal Identification

Numbers and never carry them withyou.

• Use strong passwords to protectsensitive information. Don’t useinformation like birthdays or pets’names.

• Shred important documents beforediscarding them.

• Destroy expired or unneeded cards.• Keep firewall, anti-virus, anti-spam and

anti-spyware software current on yourcomputer. Don’t respond to requests forpersonal information from unsolicitedemail or pop-ups.

If Your Identity Has Been Stolen:• Alert one of the major credit bureaus.

The fraud alert requests creditorscontact you before opening accounts orchanging existing accounts. When thefraud alert is confirmed, the othercredit bureaus will be notified,automatically.

• Once the alert is placed, order a freecopy of your credit reports from themajor bureaus. Toll free numbers are:Equifax 800-525-6285, Experian 888-397-3742 and Trans Union 800-680-7289.

• Close accounts you know or suspecthave been compromised or openedfraudulently.

• File a police report and submit a copy tocreditors and others who need proof ofthe crime.

• Notify the FTC by calling toll free1-877-IDTHEFT (438-4338).

For more on identity theft, visithttp://www.occ.gove/Consumer/idtheft.htm

PHISHING“Phishing” is when identity thieves try totrick you into providing your personalinformation by pretending to be someonethey’re not. A phishing scam involvessending spam or pop-up messages to lurecredit card numbers, Social Securitynumbers, passwords, or other sensitiveinformation from Internet users.

• Legitimate companies, organizations, orgovernment agencies won’t contact youunexpectedly asking for your personalinformation. If you get a call or email likethat, contact whoever the person claims torepresent directly by phone or email toverify the request.

• Don’t click on links in emails asking foryour personal information. They may leadyou to fake versions of legitimate Websites, where criminals hope you’ll handover your personal information.

• Never enter your information in pop-upscreens. They may be planted onlegitimate Web site by identity thieves.

• Beware of “pharming,” con artistssecretly planting programs in yourcomputer to hijack your browser and takeyou to phishing sites, even when you typein the Web address yourself.

• Keep malicious messages and programsthat could be used by phishers out of yourcomputer with a spam filter, up-to-dateanti-virus and anti-spyware software, anda strong firewall.

For more tips about phising, go to andwww.onguardonline.gov.

NUTS & BOLTSFrom your editor, Warren Switzler

TIME MANAGEMENTOne of the most serious problems in man-aging your real estate day is ‘wasting time’.Here are some suggestions of things toavoid that will rob you of valuable time andultimately provide you with time for moreproductive activities.

1. COFFEE CLOTCHING: Everyonelikes to be social in an officeenvironment, however, lengthy, non realestate related conversations with some ofyour peers is a waste of your time andresult in your becoming a “BottomProducer”.

2. WHINING: The deal that fell; theno-show client; the unethical agent are

unfortunate, but common in thisbusiness. Bending the ear of your fellowagents will not correct the problem andthe time spent lamenting, could be betterspent contacting former clients orexpired listing sellers.

3. HAND DELIVERING CONTRACTS:Although occasionally a transaction issuch that there is a need for a quick deal,hand delivering contracts may not be anactivity that will save any significanttime or facilitate anything. Sometimesboth the sellers’ and buyers’ attorneys’offices are located in the same town.However, most often they are not, noteven in the same county. The reality isthat the contract that you delivered thirtymiles will probably not be greeted bytwo buyers and their attorney poised at adesk with pens ready to sign as you walkin the door. Quite the contrary, it willprobably rest on someone’s desk for aday or more. So, let the attorneyovernight contracts. Instead, you previewsix new listings; know the inventory.Save gas.

4. SHOWING HOUSES TO UNEDU-CATED CONSUMERS: I don’t meanavoid buyers who are not PHDs. I meanavoid showing homes to buyers who donot understand how much a home in theirprice range will cost them every month.They may have a pre-qual letter tucked intheir back pocket; that doesn’t mean thatthey know and understand what it willultimately cost them monthly. Be clearabout the costs involved and know thebuyer’s monthly payment comfort levelbefore you invest much of your time andtheirs in house hunting.

5. STARING OUT THE FRONT DOORAT AN OPEN HOUSE: On thesebeautiful warm days it is difficult tomonitor an open house and watch theneighbors splashing in their pools whileyou are ‘stuck’ inside. Get over it. It’spart of the territory. Turn that time intoproductive fast moving time. Bring yourleads file, be it on 3x5 file cards or lap-top, cell phone that is FREE on Sat. &Sun., and the charger and make somenew business.

Serious businessmen and businesswomenplan their day for productive activity. That’swhy they are, as Tina Tuner used to sing,“Simply the best; better than all the rest!”

Page 9 | June/July 2007

AFFILIATE SPOTLIGHTSanti Express, Inc.Sold! Next Step -Hiring The Right Mover.by Sheryl Santi Luks

While selling a home for a client is themost important part of any realtor’s job,helping your client have a successfulmove should be your next priority.After all, if the packing and relocatingof a family’s cherished items goes awrythat will leave a bad taste in the seller’smouth for years to come. On the otherhand, if you, the realtor, can play animportant role in educating andinforming your home seller about whatto look for in a reputable mover, you’llscore points for helping them throughwhat some people think is the moststressful part of the process.

While we at Santi Express have been inthe business of moving people for over30 years, it never ceases to amaze ushow many horror stories are out there.“20/20” and “Dateline” have coveredsome of the worst. If you want to giveyour client one last piece of goodadvice before you truly close the deal,suggest these basic guidelines forprotecting themselves and theircherished belongings.

I. Look for the 3 R’s –Recommendations,Referrals andRepeat Clients

Recommendations and Referrals arethe lifeblood of the moving business.Before anyone entrusts their best china,or their grandmother’s antique mirror,which has been handed down forgenerations to just any mover, take thetime to ask around and find a carefuland reliable mover. While your son ordaughter may have recently graduatedfrom college, their idea of a goodmover may be someone who can fiteverything from their dorm room into au-haul, drive it to a specified addressand dump what’s left at the bottom of afive-floor walk-up. You want a referralfrom someone who cares about theirfurniture, valuables and familymementoes. If you don’t know anyonewho can recommend a local mover,suggest they call the NYS Departmentof Transportation, 800 786-5368. Foran interstate move, suggest they call the

US DOT, 518-431-4145 or the BetterBusiness Bureau. Ask for the names oflicensed movers in the area.

II. Hire a Licensed Mover.Licensed movers meet toughrequirements. They pay workmen’scompensation, disability and cargoinsurance. In case of an accident, theyare prepared to deal with your claim.

III. Get an estimate,not a guess-timate.

A good estimate is in writing and is puttogether by a mover who’s seen howmuch you have to move. Don’t take aguess-timate over the phone or via theinternet. Such a transaction allows forall kinds of surprises and hidden fees.No one likes surprises on moving day,not the customer and especially not themovers.

IV. Ask your potentialmover some questions.

• Do they shrink-wrap soft furniturebefore placing it under a blanket?

• Do they measure and custom crateyour glass and marble table tops?

• Do they offer free wardrobe boxesfor your hanging garments?

• Do they provide packing services andsupplies?

• Do they provide storage facilities ifyour new home is not yet available?

• Are all moving men employees ofthe moving company or does thecompany use daylaborers?

V. Educate yourmoving compa-ny about yournew home.

• Are you headed to newconstruction? If so, themover may not be ableto pull into a newlypaved driveway andwill need to factor inmore time for unload-ing from the road.

• Do you have a freightelevator available?

• Is your new home located on ahill and if so, does it have a steepdriveway?

• Does your new building require aCertificate of Insurance?

• Do you have a spiral staircase?

• Will your treadmill fit in the loft?

• Are you being realistic about thesize of your furniture, doorwaysand stairways?

As every good realtor knows, movingfrom one home to another is often anemotional and difficult undertaking.Whether it’s the couple bound forwarmer weather, empty nesters wantingto downsize, or a growing familyneeding more space, moving day isoften bittersweet. After all, the peoplewho you’ve worked so hard for areleaving behind their HOME and animportant chapter of their lives. So,help make this easier for them. Tellyour clients to think smart, beorganized and put themselves in thehands of a trusted, reputable andexperienced mover. Someone who theycan rely on who will make the packing,moving and unpacking as easy aspossible, and who will allow them thefreedom to “say good-bye” and thecourage to look ahead on moving day.

For any additional informationor on-site seminars for you and/oryour clients,contact Sheryl at Santi Express, Inc. 845-362-0080 or santixpres@aol.com

EXECUTIVE BOARD MEETING MINUTES

Page 10 | June/July 2007

RCBOR Board Of Directors MeetingMay 16, 2007

Attendance:Nettie PriceWarren SwitzlerDenise MurphyRoberta BangsMike NuzzoArcenio PenaMarta Segarra-AllenLiz RosenblattMerrill StarostiakEd SumberRachel TaubAdam Di FrancescoBarabara CorrenteDiane Wanamaker Drew KesslerEllen Murphy

Meeting began @ 9:03am with asalute to the Flag.

Motion Made To AcceptLast Months Minutes

Committee Reports

Community Service:Drew Kessler reported July 15ththrough August 15th People to PeopleBack to School Supply Drive. We arelooking for corporate sponsors forsome of the school supplies.

Monte Carlo Nite:Discussion of pros and cons ofusing real money. Drew Kesslermotioned to have a real moneyMonte Carlo Night, Mike Nuzzosecond. After discussions, motionDID NOT PASS. Event willremain the same as last year.

Programs:Merrill Starostiak reported ofanother fund raiser to help supportthe Rockland Family Shelter. “WeBought the House” A night at thePenquin Theatre. 20 tickets alreadysold.

Professional Standards:Roberta BangsNo Grievances.

Education:Roberta Bangs for Sharon Tucker.Motion made for Sharon to write aletter of support for the NYSAR75 hour curriculum.

Newsletter: Warren SwitzlerNo Report.

Membership: Barbara Correntemotioned to accept four candidates,all references checked. DianeWanamaker second, motion carried.

Long Range Planning: Absent

Bylaws: Ellen Murphy hasscheduled meeting with NettiePrice and Warren Switzler.

Legislative: Bill Thorne absent, butsent report. Karen reported onlyone person responded to attendlobby day.

Ed Sumber discussed appraisals.Although anyone can do anappraisal, only Licensed andCertified Appraisers may doappraisals for use by federallyinsured banks.

NYSAR opposed the 2%Community Preservation TaxBill. If passed in Legislature,Governor will probably approve.

Publicity: Diane Wanamaker met withMadden Communications.

RPAC: Adam DiFrancesco reportedto date we are at 96% of our goal.

Fair Housing: Marta Segarra-Allenreported attendance down on 4/25class due to re-scheduling.

NYSAR wants schools toparticipate in a Fair HousingCalendar for 2008.

Legal Counsel: Ed Sumberreported Federal TradeCommission has created abrochure/questionnaire forbuyers, to include items aboutbrokers such as the number ofhomes sold by offices.

Real Trends Report stated 2006market plunge worse thanpredicted. NRT down 16%from 231 billion in 2005 to194 billion in 2006.

Fair Housing Alliance has beencritical of real estate brokers.Says Federal Government notdoing its job to enforce FairHousing laws.

Treasurer’s Report:Denise Murphy reports everythingis good.

Presidents Report: Nettie Pricesays Thank YOU!!! to committeemembers.

Orange and RocklandConvention, attendance down.Only 77 attendees fromRockland.

Old Business: Sign Laws-Adam DiFrancesco reportedinquiries were made toSpudcrow(g). Discussion asto merits of continuing thecommittees work. Adammotioned not to continue tofight the sign laws, Rachel Taubsecond, motion carried.

Meeting Adjourned at 10:22am.

Page 11 | June/July 2007

Page 12 | June/July 2007

Ten More Websites You Don’t Want to Miss

www.hud.govInformation about RESPA, home-buying, brochures, fair housing and more.

www.familywatchdog.us/Information about sex offenders.

www.fairhousing.comUp-to-date news on fair housing issues and cases as well as the HUD settlement database.

www.whitehouse.gov/fsbr/demography.htmlCurrent social demographics

www.arello.orgCase law information and digest reports, surveys, plus multiple years of licensing lawinformation available on a subscription basis.

www.ftc.govThis Federal Trade Commission website has case filings against real estate entities as well as areal estate glossary published for the consumer.

www.keepmedia.comNews stories on a variety of topics, including real estate. Archives let you go back decades.

www.law.cornell.edu/wex/index.php/landlord-tenantLandlord-tenant information with links to individual states and their statutes.

www.eeoc.govEqual Employment Opportunity Commission database, sexual harassment, enforcement reports, and informationabout the “No FEAR Act” (Federal Employee Anti-discrimination and Retaliation Act).

www.fbi.govInformation about mortgage fraud, real estate convictions, and environmental crimes.

LEGISLATIVE COMMITTEE PARTICIPATES IN “LOBBY DAY 2007”By: Bill Thorne

I am happy to report that on Wednesday, May 30, 2007, I participated in NYSAR’s “Lobby Day 2007”.

“Lobby Day”, is a day set aside by agreement with the NYS Legislature to allow interested parties, served by anorganization such as NYSAR, to visit with Legislators to express their support or opposition to pending legislation,or to request the introduction of a specific bill for consideration.

On May 30th more than an estimated 200 Realtors from the state’s 62 counties descended on the state capitol toexpress their support and opposition of pending legislation; from the Rockland County Board of Realtors we had acontingency of three; led by Bill Thorne of Wesley Hills, Alan Eisenkraft of Nanuet, and Keith A. Smith of Nyack.We were able to meet legislators representing Rocklanders and ask for their support of the following bills: 1. A.7519 (Gianaris) / S. 4874 (Volker); Establishing procedures for addressing commission disputes at real estate clos-ings while allowing transactions to proceed. 2. S. 5090 (DeFrancisco); Provides for mandatory “Fair Housing” sub-ject matter in continuing education for real estate licensees. 3. A. 6576 (Towns) / S. 2028 (Robach); Establishmentof an income tax deduction for a “First-Time” home buyer. 4. A. 3994 (Perry) / S. 5404 (Skelos); Provides for anorderly and fair process for co-operative boards to assess purchase applications.

We voiced opposition to: 1. A. 7849 (A. Bradley) / A. 7333 (Sweeney / S. 5125 (Leibell) / S. 4692 & S. 4829(Saland / S. 716 (Breslin) / S. 3836 (Marcellino); Permitting local governments to impose a transfer of Title Tax ofup to 2.0%, for use as part of community preservation activities. 2. A. 7133 (Sweeney) / S. 3836 (Marcellino);Extending the Department of Environmental Conservations’ jurisdiction to wetlands area of one acre or more.

NYSAR’s position on these bills are the same as that of your Board.

I found all of legislative representatives to be courteous, enthusiastic, and certainly supportive of our efforts. It’s yourresponsibility to keep track of what is happening in Albany, as the actions taken by the legislature, directly affectsyour ability to do business.

Page 13 | June/July 2007

BOARD OF DIRECTOR APPLICATION

ROCKLAND COUNTY BOARD OF REALTORSCANDIDATE APPLICATION FORM

Name __________________________________________________________________________________________________________

Firm Name ______________________________________________Position with Firm ________________________________________

Business Address ________________________________________________________________________________________________

Business Phone _________________________ Business Fax __________________________ Cell Phone ________________________

Realtor Information

Number of Years Licensed _________________________

Realtor Associations and / or MLS organizations in which you hold membership:

_____________________________________________________ Number of Years ____________________________________________

_____________________________________________________ Number of Years ____________________________________________

Prior Board Offices Held and Number of Years:

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

Committees of Interest:

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

Describe any other information which you think the nominating committee should consider:

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

_______________________________________________________________________________________________________________

use separate sheet if necessary

Have you ever attended a NYSAR convention? ________________________ Number Attended ________________________________

Have you ever attended a NAR convention? __________________________ Number Attended ________________________________

If elected to a position, I understand that I will be required to attend 10 Directors meetings, 4 membership meetings, and, if elected as anofficer, 2 NYSAR meetings each year.

Signature of Applicant: ____________________________________________________________________________________________

_______________________________________________________________________________________________________________Please Complete This Form and Fax To: 735-0415

At Home Study Courses – CD ROM Available at the Board OfficeIndependent Study Red Flags 3.5 Credits Computer Based At Home

Independent Study Fair Housing 3.75 Credits Computer Based At Home

Independent Study Introduction to Commercial Real Estate Sales 3.75 Credits Computer Based At Home

Independent Study Real Estate Finance Tax Issues 7.5 Credits Computer Based At Home

Independent Study Investment Property – Practice & Management 7.5 Credits Computer Based At Home

Independent Study New York C/E Pac 2 22.5 Credits Computer Based At Home

MEMBER NON-MEMBER

SALES QUALIFYING $325.00 ------------BROKERS QUALIFYING $250.00 $325.00APPRAISAL QUALIFYING 30 Hr-$350.00/plus materials / 15 Hr-$200.00/plus materialsCONTINUTING ED. $10.00/Ea Credit (or as listed with a specialty course) Call Board Office

FULL NAME ___________________________________________________________________________________

COMPANY ____________________________________________________________________________________

HOME PHONE ______________________________ BUSINESS PHONE ____________________________________

COURSE TITLE DATE TUITION

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

_____________________________________________________________________________________________

Page 14 | June/July 2007

EDUCATION

Check payable to RCBOR $________________________ VISA/MC # ______________________________________(ENCLOSED)

Exp Date_____________________________________ Signature _______________________________________Charge Registration accepted by phone 735-0075 or Fax 735-0415 • Mail to: RCBOR, 300 N Middletown Rd, Pearl River, NY 10965

CONTINUING EDUCATION-

JUNE20th What’s the Score?

6:30pm-9:30pm (CE-3)28th Commercial Real Estate - Part 1

9:00am-5:30pm (CE-7.5)

JULY10th Seven Deadly Sins

6:30pm-9:30pm (CE-3)12th Due Diligence

The Buyers Agent6:00pm-9:30pm (CE-3.5)

19th Architectural Styles ofAmerican Houses9:00am-12:30pm (CE-3.5)

19th 1031 Tax Free Exchanges6:00pm-10:00pm (CE-4)

25th Analysis of Market Sales:When are they Comparables?9:00am-12:00pm(Appr & RE CE-3)

25th Valuation of Individual Condominium Units1:00pm-4:00pm (Appr & RE CE-3)

AUGUST8th Hazardous Homes:

Mold & Mildew6:30pm-9:30pm (CE-3)

15th Home Staging For Realtors6:30pm-9:30pm (CE-3)

22nd Agency 1016:30pm-9:30pm (CE-3)

23rd Buyers Preference:New Homes Part I9:00am-1:30pm (CE-4.5)

29th Periodic Code of Ethics6:30pm-9:30pm (CE-3)

SEPTEMBER7th Area & Neighborhood

Analysis9:00am-12:00pm (Appr & RE CE-3)

7th Current Appraisal Issues& the Valuation Process1:00pm-4:00pm(Appr & RE CE-3)

19th Title Insurance Made Easy1:00pm-4:30pm (CE-3.5)

19th GRI-RI-403Financing to IncreaseHomeownership (CE 7.5)Westchester Board-Callto Register: 800-239-4432

Continued on page 15

Page 15 | June/July 2007

ANZISI RUBINOFF AGENCYINSURANCE AND FINANCIAL SERVICES, Since 1960

(845)398-3586 • (914)777-3577 • Fax (914)777-3788Ask for Mike Rubinoff

We have many realty clients in the Rockland area. Let us show you how realty offices can have their own small groupHEALTH INSURANCE PLANS, as well as coverage for their 1099 Sales Associates.

Our primary business is providing small group health plans, and employee benefit programs. There are many insurancecompanies offering low cost effective health plans. Our focus is on researching and reviewing each clients needs on anannual basis. Every Clients Benefit Needs Are Reviewed Annually. We work with all insurance companies to ensure thatwhen new plans come to the market, our clients will have the newest, best and most cost effective plans available for theiroffices. Call us for a free quote, or visit us at our Westchester or Rockland offices.

Below are a couple of plans which may be appropriate for your business.

Non Referral Plans

Quotation Date: 4/25/2007 Quotation Date: 4/25/2007Effective Date of Coverage: 7/01/2007 Effective Date of Coverage: 7/01/2007

Oxford Metro Oxford Metro25/50 EPO 25/50 EPOIn-Net Out-Net In-Net Out-Net

Deductible: N/A N/A Deductible N/A N/ACoInsurance: 100% N/A CoInsurance: 100% N/ACoPay $25. Rx: 15/30/60/100 Ded. CoPay: $25. Rx: 15/30/60/100 Ded.Hospital Copay: See Benefits OOP Out: N/A Hospital CoPay: See Benefits OOP Out: N/ASingle 1 $293.55 Single 1 $316.52EE w/Spouse 1 $645.81 EE w/Spouse 1 $696.35EE w/Children 1 $543.07 EE w/Children 1 $585.56Full Family 1 $910.01 Full Family 1 $981.22

LIBERTY FREEDOM

EDUCATION - CONTINUED

20th GRI-RI-404Real Estate as an Investment(CE-7.5)Westchester Board-Call toRegister: 800-239-4432

27th Reverse Mortgage for theSenior Homeowner9:00am-1:00pm (CE-4)

QUALIFYING EDUCATIONSALES

JUNE4th Day Acc- Mon-Thursdays

RCC, Haverstraw (6/4-6/14)

JULY9th Evening- Mon/Tues/Thurs

RCC, Suffern (7/9-8/13)

AUGUST13th Day Acc – Mon – Thursday

RCC, Haverstraw (8/13-8/23)

SEPTEMBER6th Evening-Mon/Tues/Thurs

RCBOR (9/6-10/16)

BROKERS

SEPTEMBER10th Eves-Monday, Tuesday &

Thursday - 9/10-10/18

APPRAISAL EDUCATION- (Location: RCC, Suffern)

JUNE4th AQ-1 Fair Housing, Fair

Lending/EnvironMon & Wed (6/4 - 6/13) (5:45pm – 10:00pm)

18th National USPAPMon & Wed (6/18- 6/27) (6:00pm – 10:00pm)

JULY 12th, 13th, 17th, 18th, 24th

R-3 Applied ResidentialProperty Valuation9:00am-4:30pm 30 Hrs

AUGUST2nd, 3rd, 9th

R-4 One to Four FamilyIncome Capitalization9:00am-3:30pm 15hrs

Continued from page 14

Rockland County Board of Realtors300 North Middletown RoadPearl River, New York 10965

PRSRT STDU.S. Postage Paid

Monsey, NYPermit No. 5455

DATES TO REMEMBER

Member Support Hotlines:

Supra Support: (877) 699-6787

MLXchange Support: (888) 825-5472

MLS & OCAR: (845) 294-7905

NYSAR Legal: (518) 436-9727

(Mon-Fri 9am-1pm)

Internet:

RCBOR: RCBOR.com

NAR: Realtor.org

NY State Assoc: NYSAR.com

NY State: DOS.STATE.NY.US

July9th General Membership Meeting

Kick off People to People Back to School DriveMeet with School District SuperindentantsBuffet breakfast at Casa Mia Manor House,Blauvelt. 9:00am –11:30am. $20.00/per person

August People to PeopleSchool Supply Drive

September9/9-9/12 NYSAR Business Meetings, Saratoga, NY

19th General Membership MeetingREALTOR SafetySpeaker: Roseann Farrow

October SAVE THE DATEThursday, October 18th, 2007 Monte Carlo NightFundraiser for People to People More information to follow.

November Date to be Announced –RCBOR Annual Meeting & VoteEd Sumber, guest speaker- 2007 Legal Update

11/12-11/16 NAR Convention, Las Vegas

December RCBOR Installation Dinner DanceDate to be announced

12/4-12/6 Triple Play, Atlantic City

SAVE THE DATEThursday, October 18th, 2007Monte Carlo NightFundraiser for People to PeopleMore information to follow.