PRESIDENT'S MESSAGE Rochester Chapter

RAC NYSCAR President's Message

December 20, 2023

From the Desk of Christopher McCarthy, 2023 RAC NYSCAR President:

Thank you for contributing to the success of our Annual Awards Gala, setting records with 170 participants. We appreciate your presence at the Awards Gala and look forward to seeing you at our 2024 Kick-Off Luncheon on January 18. Explore sponsorship options early for visibility at upcoming 2024 events by contacting Events Co-Chairs Chris Passero and Dexter Craig to get on the 2024 Events Calendar.

As we approach the New Year, it's crucial to stay informed about key updates affecting our industry:

  1. US Corporate Transparency Act (CTA): Starting January 1, 2024, reporting companies must submit a report to FinCEN detailing beneficial owners' information. Ensure your clients are aware, as reporting companies formed before January 1, 2024, have until January 1, 2025, to file their initial report: https://www.fincen.gov/boi.
  2. Cold Calling Regulations in New York: NYS maintains restrictions on cold calling for non-business lines. Regularly update your DNC account, and keep records of permissions for texting, automated dialing and other technologies. Consult your attorney for specific record-keeping procedures. https://telemarketing.donotcall.gov/.
  3. Licensee Compliance in New York: Review and adhere to NYS compliance requirements for licensees. Ensure SOPs, NYS Fair housing disclosures and fair housing posters are prominently displayed. Confirm license type compliance with the DOS to avoid unauthorized titles: (1) Fair Housing Notice Sign; (2) Checklist for every listing or advertisement regarding licensees; (3) SOP Sample from NYS Association of REALTORS; 4) DOS Search site to confirm correct titles are used and accurate Brokerage Names are used.
  4. NAR Benefits: Explore enhanced benefits from NAR, including improvements to RPR®, partnerships with CompStak, AARP, ESRI and Natural Disaster scores. NAR offers REALTOR and Real Estate domain names for members, and certificates often include CE credits that don't expire:(1) RPR®; If you are not using it yet - try it now and (2) .REALTOR and .REALESTATE.

Stay informed and proactive for a successful year ahead!


View 2023 President's Message Archive