- REAL ESTATE EDUCATION
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The Real Estate Board of New York represents influential real estate professionals as it works to protect, improve, and advance the business of real estate in New York City.
The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. It was founded in 1896 as the State’s first real estate trade association.
REBNY works on behalf of the mutual interests of its members by promoting public and industry policies. The organization frequently speaks before government bodies with the primary goals of expanding New York’s economy, encouraging the development and renovation of commercial and residential property, enhancing the city’s appeal to investors and residents, and facilitating property management.
REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys in addition to a number of important periodicals including the Annual Diary & Manual, which is considered the real estate industry's almanac.
REBNY provides for its members: informational, technical, and technological resources; state-certified qualifying and continuing education courses required for licensing; professional education programs, seminars, advanced designations, and courses to hone professional skills and maintain ethical business standards.
REBNY members are New York City’s most talented, energetic, and influential real estate professionals.
The Board’s membership consists of commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; and other associations, organizations, institutions, corporations, co-partnerships, and individuals professionally interested and engaged in business allied to New York City real estate.
The Chairperson of the Board is REBNY's presiding officer and principal spokesperson at regular and special meetings of the Board of Governors. He or she also performs other duties assigned by the Board.
Chairman, The Durst Organization
The President is the executive officer with the authority under the Chairperson of the Board and the Board of Governors to direct the Board's activities. The President presides at all annual and special meetings of the membership and is a member of all Standing Committees.
The Governors chart the organization's policies in close and continuous consultation with REBNY's elected committees. These committees, composed of Board members who are highly knowledgeable in their respective fields, focus on issues that concern the industry and formulate REBNY's positions. The Board monitors all bills of interest to the industry before the city, state and federal legislatures and analyzes these measures in legal memoranda sent to the legislatures' leadership.
REBNY committees enjoy the high regard of both policymakers and real estate professionals. Therefore, their work has both prevented the passage of countless potentially damaging bills and convinced state and city lawmakers to enact measures that have greatly benefited New York's economy and housing stock.
An elected Board committee with pertinent expertise, such as the Tax Policy panel, typically handles city bills. Other Board committees, on which qualified REBNY members are eligible to serve, deal with such subjects as housing, building management, rental conditions, insurance, city planning and zoning, and finance. From time to time, ad hoc Board committees are set up to study issues of immediate importance. When indicated, Board staff makes the findings and recommendations of these committees available to the appropriate public officials.
Laws and regulations governing residential conversions, zoning incentives and tax collection dates are among the public policies that have been strongly influenced by the work of REBNY committees.