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GBREB NEWS

A real estate coalition made up of the Greater Boston Real Estate Board, Home Builders and Remodelers Association of Massachusetts, Massachusetts Association of Realtors®, NAIOP—The Commercial Real Estate Development Association, along with the Massachusetts Municipal Association announced today that they have issued a joint letter in support of An Act to promote housing choices. The groups have come together to back Governor Baker’s Housing Choice legislation because of the lack of housing available to meet current and future demand. 

Real Estate Coalition and Muncipalities Join to Support Baker Housing Bill
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GBREB NEWS

Reminder Regarding Elevator Inspection Certificates

The Office of Public Safety and Inspections reminds building owners that all elevators in the Commonwealth must have a current elevator certificate posted in a conspicuous place in or near the cab of the elevator.  According to the state many owners, or their elevator companies are not posting the most current certificate in their elevator.
 
After an elevator has passed an annual, new installation or modernization inspection the Office of Public Safety and Inspections issues an inspection certificate via email to the property owner, and to the owner's elevator company. The owner of the property in which the elevator is located is responsible for posting the current certificate at the completion of the inspection.
 
In order to ensure that certificates are e-mailed to owners, it is essential  the state has current owner information in our database.  The Office of Public Safety and Inspections encourage owners to make sure that e-mails are kept up to date in their database by submitting a Notice of Updated Owner Information any time e-mail or other owner information changes.   IPS Portal users have the ability to print Elevator Certificates through the IPS Customer Portal.
 
Please be advised that the Office of Public Safety and Inspections will be performing compliance visits to ensure that current elevator certificates are posted.

Reminder Regarding Elevator Certificates
GBREB

Ten teams representing twelve commercial brokerage, architectural and construction firms recently competed in the Commercial Brokers Association’s 2018 Charity Softball Tournament at Moakley Park in South Boston, which raised $9,000 for Caritas Communities.

Horvath & Tremblay was the winning team, and Lee Kennedy Co. Inc. was the runner-up.  Also participating were CBRE|New England, Commodore Builders, Cube 3 Studios, Cushman & Wakefield, JLL, NELSON, Officeworks, Unispace, Vantage Builders and WB Engineers.

For more than 33 years, Caritas Communities has helped fill the need for safe, secure housing in Greater Boston by providing very low-income individuals with permanent housing, support, a sense of community and expanded opportunities.
Charity Softball
GBREB
BOMA UPDATE BANNER

Did you miss our July Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the July BOMA E-News

July E-News
GBREB
If you have the knowledge, passion and communication skills to be an industry advocate and voice for fellow REALTORS®, or know someone who does, please consider submitting a Candidate Nomination Form for yourself or a colleague. There are several elected leadership positions available for 2019, including the offices of treasurer, vice president and president-elect, as well as six seats for two-year director terms. We also are seeking candidates to serve on the boards of directors for GBREB, MAR and NAR. It’s our strong desire that the association's leadership reflects the diversity of business models and licensee population we serve.

To learn more, access the qualifications and duties of all elected leadership positions and our online Candidate Nomination Form. To ensure eligibility for 2019, nominations should be submitted by August 10th.

Nominations Sought for 2019 REALTOR® Leadership Roles
GBAR
According to the National Association of REALTORS® (NAR) newly-released Commercial Real Estate International Business Trends Report, nearly one-fifth of REALTORS® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five years.

The top countries of origin for buyers were China (20 percent), Mexico (11 percent), Canada (8 percent) and the United Kingdom (6 percent). While sellers were typically from Mexico (20 percent), China (15 percent), and Brazil and Israel (both at 10 percent). Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, while Massachusetts was the fourth most popular buyer and seller destination.

“The profile of smaller commercial markets is continuing to rise as many foreign investors are attracted to smaller-sized properties in secondary and tertiary markets, bringing REALTORS® confidence that increased sales and leasing activity will continue to occur in 2018,” said NAR Chief Economist Lawrence Yun. “Since 2016, world economies have regained their footing and have pressed toward higher ground. Global economic output increased in 2017, and commercial real estate continues to be a healthy investment for global investors,” Yun added.

For more information on this report, please click here
Bay State Among Top Five States Targeted by International Commercial RE Buyers
GBAR

On Friday, June 22 we held our Annual Awards & Networking Breakfast at the Venezia Restaurant in Boston. At the event, we honored and recognized several of our members for their business accomplishments, charitable works and successes over the past year. 

This year’s GBAR Member Recognition Awards recipients are:
REALTOR® of the Year: Jason Gell, Boston’s Luxury Properties, Brookline
Good Neighbor Award: Tanisha Salmon, Coldwell Banker Residential Brokerage, Jamaica Plain
Affiliate Member of the Year: Deb Frank, Metro Credit Union, Chelsea
REALTOR® Spirit Award: Kristin Hilberg, Keller Williams Realty Boston-Northwest, Concord
Andrew F. Hickey Distinguished Service Award: Carolyn Chodat, Classic Properties, REALTORS®, Medway

During this year’s program we also recognized several members who achieved life member and REALTOR® Emeritus status, as a result of meeting the organization's volunteer service criteria and terms of membership thresholds. 

Life Membership
o Tim Garvey, Century 21 Commonwealth, Winchester
o Judy Moore, Gibson Sotheby’s International Realty, Lexington
o Rick Nazzaro, Colonial Manor Realty, Reading
o Jan Triglione, Premier Realty Group, Reading

REALTOR® Emeritus
o William Copithorne, Sweeney & O’Connell, Arlington
o James Joly, Boardwalk Real Estate Corp., Reading
o James Savas, Century 21 Adams Lawndale, Belmont
o David Wluka, Wluka Real Estate Corp., Sharon

Congratulations to all our award recipients! Click here for photos from the event!

Congratulations to our 2018 Awards Recipients
GBAR
The deadline to submit an application to be considered for an appointment to a Massachusetts Association of REALTORS® (MAR) committee in 2019 has been extended to July 31, 2018. If you have not yet signed up, there is still time to select the MAR committee you wish to serve on in 2019. Click here to log in for access to the committee request form. To access the MAR Portal, you need your National REALTOR® Database System (NRDS) number which you can find here .

MAR Committees Include:
Audit Committee
Charitable Foundation
Consumer Awareness Task Force
Education Committee
Finance Committee
Forms Content Advisory Committee
Government Affairs Committee
Investment Committee
Member Benefits Committee
Professional Standards Committee
Special Events Task Force
Young Professional Network
MAR Seeks Committee Volunteers for 2019
GBAR
The GDPR, short for the General Data Protection Regulation, governs how websites and businesses treat data that belongs to residents of the European Union, regardless of citizenship. This regulation applies to businesses and organizations around the globe, not just members of the EU. The GDPR requires an affirmative “opt in” to allow companies to collect website user’s personal data, rather than the traditional opt out we have all become accustomed to. The goal of the GDPR is to give back control of personal date to individuals by granting the following rights: 

• The right to be informed that data is being collected and how it is being used;
• The right to object; 
• The right to access that data; 
• The right to change the data; and 
• The right to have the data erased. 

These changes likely mean that the “Terms of Use” on most websites will need to be updated to explain what data is being collected on the site and how to request that your information be forgotten. Additionally, in order to obtain the “opt in” or affirmative consent required by the GDPR, a pop-up window or “lightbox” feature can be used with a box or button for the user to click prior to proceeding to use the site. Furthermore, the GDPR requires notification within 72 hours of a breach to authorities in each country where users are affected.  
 
While it may seem like these regulations wouldn’t apply to the typical real estate agent here in the United States, it is strongly advised to implement these updates as the potential fines for a breach of confidentiality are significant – up to $20 million Euros or 4% of a company’s annual global income, whichever is greater. The GDPR applies to the collection of the following information: name, phone number, address, e-mail address, IP address, cookie identifiers, location data, genetic information, mental/psychological information, economic information, cultural information, and any information pertaining to a person. If you have a website with an IDX, a newsletter sign up form, a listing request form, a “contact us” form, or any place where a user inputs their information on your website, you need to make sure you are GDPR-compliant.  

These regulations under the GDPR became effective May 25, and while the GDPR may not apply to all real estate businesses, we recommend that you speak with your website vendor to discuss what data is collected and whether you should to update your website to become complaint these rules. It is also recommended that you speak with your insurance company to determine whether you would be covered in the event of a breach. 

For more information, please visit the links below: 
 
https://www.nar.realtor/sites/default/files/documents/GDPR-Article-FINAL.pdf  
https://www.youtube.com/watch?v=NobDiwZQZJk 
How Does the GDPR Impact My Business?
GBAR

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REALTOUR - Central Middlesex Region (Bedford, MA)
Double Tree
9:30am
 
REALTOUR - Eastern Middlesex Region ( North Reading)
Teresa's Hillview Country Club Function Facilities
9:30am
 
BOMA Summer Cruise
Rowes Wharf
5:30pm
 
2018 RHA Spring Golf Outing
Framingham Country Club
 
BOMA Roundtable: Marijuana In CRE
South Station Conference Room
11:45am