The Real Estate Board is made up of the following divisions:
The Owners & Builders Division: consisting of several committees, this division’s members are deeply involved in every area of public policy touching on the construction process. The Board’s staff maintains close ties with various government agencies and can assist members with bureaucratic obstructions.
The Commercial Brokerage Division: consisting of 10 rental conditions committees whose members study and exchange information on demands for space, prevailing market rates and neighborhood trends. See below for descriptions of the Commercial Brokerage Committees.
The Residential Brokerage Division: consisting of 15 committees dealing with issues regarding the sale or lease of residential property, this division’s ranks include principals and managers of residential firms, residential brokers and salespersons. See below for descriptions of the Residential Brokerage Committees.
The Management Division: consisting of leading commercial and residential property managers and advocates on building codes and regulatory issues.
The Allied and Associates Division: composed of companies and individuals performing services and/or providing products for the real estate industry
Institutional Owners Division:
gives banks, investment houses, insurance companies and pension
funds an opportunity to shape public
policies than strengthen the city’s real property market.
Board of Directors – To review the official acts and decisions of all other committees of the Commercial Division and to take whatever steps necessary to ensure the effective running of the division. This is an elected position.
Building Agents Rental Committee (“BARC”) - To promote the exchange of ideas, information and friendship among those individuals who are primarily identified as, and considered to be, Manhattan commercial property rental agents engaged in the negotiation of real estate leases. Manhattan commercial property rental agents shall be defined as both “on-site” and “off-site” building rental agents and “in-house” owner representatives. (The distinguishing characteristic between The Leasing Brokers Committee and The Building Agents Rental Committee is that The Leasing Brokers Committee should be comprised of only “tenant rep brokers” or “promotional/transactional brokers”)
Ethics and Professional Practices Committee – The members are senior brokers and owner representatives. The committee reviews complaints against members of alleged violations of the Code of Ethics. It makes recommendations or determinations on actions, if any, to be taken against members by the Real Estate Board. This is an appointed position.
Grand Central District Office Building Committee – The members are commercial leasing brokers and owner representatives active in the Grand Central area. The Committee meets seven times a year to exchange and disseminate information on available office space and recently consummated lease transactions.
Leasing Brokers – The Leasing Brokers Committee which has an application process meets four times a year. There will be two open meetings with speakers and two closed meetings in which membership will share on the prevailing market conditions. A key responsibility of the Committee is to bring insight and valuable feedback of the market to its members.
Midtown South Committee – The members are commercial leasing brokers/agents and owner representatives active primarily in the Midtown South area. The Committee meets five times a year to discuss market conditions with emphasis on strategies used by rental agents to retain and attract tenants.
Lower Manhattan Office Building Committee – The members are commercial leasing brokers and owner representatives active in lower Manhattan. The Committee Member must be a Real Estate Board Member. The Committee meets monthly to exchange and disseminate information on available office space and recently consummated lease transactions. Admission is based on a probationary attendance period. Members must attend 6 meetings out of the 10 meetings per year.
Midtown West District Office Building Committee – The members are commercial leasing brokers and owner representatives active in the Midtown West area. The committee meets five times a year to exchange and disseminate information on available office space and recently completed lease transactions.
Plaza District Office Building Committee - The members are commercial leasing brokers and owner representatives active in the Plaza area. The Committee meets nine times a year to exchange and disseminate information on available office space and recently completed lease transactions.
Real Estate Finance Committee – The members are mortgage brokers and mortgage officers of an institutional lender. The Committee meets monthly to hear talks on subjects directly or indirectly related to real estate finance. Membership by invitation only; one member per firm.
Retail Committee – The members are retail brokers and owner representatives active in leasing store space primarily in Manhattan. Its mission is to bring together active industry professionals in an environment where members share information, offer support and work to uphold the highest moral and ethical standards in the retail leasing community in New York City. The Committee meets nine times a year alternating the format between talks on related subjects and the exchange and dissemination of available space and the terms of completed transactions. A formal application process is required for participation in this Committee. (A minimum 5 years experience, professional bio, 4 sponsor letters from committee members and approval from 80% of the committee at a members' meeting). Applications for membership will be voted on twice a year (November – Submission deadline October 15th and April – Submission deadline March 15th). Two firm members may belong, a third will be allowed only if he/she is a committee member who has changed firms, but only two can vote at a closed session. Members must agree to attend 5 of the overall 9 scheduled meetings.
Sales Brokers Committee – The members are brokers engaged in the sale of investment/income properties. The Committee meets seven times a year to hear talks on subjects directly or indirectly related to the markets that influence the members in sales activities. A formal application process is required for participation in this Committee (Required form obtained from board and a professional bio).
Seminar Committee on Domestic & International
Markets – The
members are a combination of commercial leasing brokers, residential
and commercial brokers, asset managers and acquisitions & dispositions
brokers who are active in Mid-town Manhattan. The Committee meets four
times a year to plan Domestic and International Real Estate Market Seminars.
Brooklyn Committee – Broker
A, B, C or Salesperson members in good standing who do sales and/or
rentals in Brooklyn. Our mission, as
the Brooklyn Committee of the Real Estate Board of New York, is to provide
an open forum where Brooklyn residential members can promote and foster
better working relationships between member firms and outreach to non-member
firms, to educate members and the general public regarding professional
practices, new trends and developments in the Brooklyn marketplace. Meets
Downtown Committee – REBNY Residential firms doing business south of 42nd Street. To be represented by the owner, manager, or in special circumstances, a designated salesperson, who must be a REBNY member in good standing. Meets monthly.
Ethics Committee – To review and, where appropriate, make rulings on residential-complaints, grievances, disputes, and/or arbitrable controversies. Members are elected.
Education Committee – REBNY Broker A, B, C or salesperson members in good standing. To develop and schedule an educational program of seminars and workshops, and to assist in the development of curriculum required by the NYS Licensing Law. Meets monthly.
Governmental Affairs Committee – Broker A, B, C or Salesperson members in good standing interested in or with knowledge of political and regulatory processes. The committee reviews proposed legislation and regulation affecting residential brokerage practice and to look at the Manhattan market at large in order to develop recommendations that will enhance the quality of life in the city. Meets quarterly.
Interfirm Forum – Any REBNY Broker A or B member primarily engaged in brokering the sale or rental of residential property provided that no member firm shall be represented by more than one member in voting at a meeting where more than 1 Broker A or B member of a firm shall be present. The Broker C Chair of the REBNY Residential Division’s Sales Council can attend the Forum’s meetings as a non-voting member. Meets quarterly. Members must attend 2 of the 4 meetings during a program year.
Membership Committee – To recruit new residential brokerage members by increasing the membership of firm principals and the number of broker associates and salespersons at member firms. Conducts quarterly Top Broker Seminars. Open to all salespersons, associate brokers and firm principals. Meets monthly.
Rental Committee – Open to all REBNY Broker A, B, C or Salesperson members in good standing. To provide a forum for practitioners inthis segment of the residential market to deal with the unique and ongoing professional needs and issues of rental agents. Meets monthly.
Residential Sales Council – Open to all REBNY Sales Agents and Broker C members (Associate Broker) providing an opportunity to be more active and to share their ideas concerning business practices and examining markets trends. Meets monthly.
SFC – To be an open forum for the continuing advancement of educational and business issues that are relevant to the small firms of REBNY’s Residential Brokerage Division. Residential real estate firms that are current active members of REBNY made up of one (1) to nineteen (19) active sale agents and/or brokers. Meetings must be attended by owners, principles or, in special circumstance, a special designee of the member firm.
Upper Manhattan – Open to all Salespersons, Broker C (Associate Broker) members and firm principals to provide an open forum and networking opportunity for those practicing in the Upper Manhattan vicinity. Emphasis is placed on Washington Heights, Hudson Heights, Harlem, Hamilton Heights and Inwood residential markets. Meets quarterly.
Westside Committee – REBNY
Residential firms doing business on the westside to be represented
by the owner, manager, or in special circumstances,
a designated salesperson, who must be a REBNY member in good standing.