Episode 21: Leonard Steinberg on Proposed Rental Broker Fee Ban & His Trip to The New York Supreme Court in Albany County
Real Takk Podcast28 Feb 2020

Episode 21: Leonard Steinberg on Proposed Rental Broker Fee Ban & His Trip to The New York Supreme Court in Albany County

In this episode, we have our Chief Evangelist of Compass join in on my show to discuss the State Legislature's proposed new law of banning tenants from paying the broker fee for rental properties in NYC. He is a proponent of the brokerage community and an influential voice in our field. Here are his takeaways about his day written from his daily contemplations:

1. You have to show up. Whining and complaining about politics is useless. Sometimes you must roll up your sleeves and get involved and make an effort. Take the time needed to get involved and have an impact. 2. The squeaky wheel gets the grease: without fail, every politician said they listen and hear the loudest, most consistent voices most. 3. You have to be looking out for the greater good. Yes, some special-interest lobbyists succeed to cater to their own hyper-localized issues, but politicians care most about pleasing the majority of voters. 4. Rehearse your message and be CLEAR about what you want, and ASK how the politicians plan to address your concerns. 5. Make your concerns public. A letter is easily filed or thrown away. As is an e-mail. A TWEET or social media post tagging specific politicians is PUBLIC. You cannot ignore that as easily. 6. Numbers count. A handful of people's voices matter. Several hundred or thousand voices will get REAL attention. And action. 7. Politicians are BRILLIANT at making you feel like you've been heard, that they REALLY CARE. Don't rely on words and promises. 8. Don't rely on 'others' to speak on your behalf. Most times they have other interests at heart. 9. Politicians listen closest to their constituents. They want to succeed and be re-elected. 10. We hired a lobbyist. I abhorred lobbyists until yesterday: without this lobbyist, we would never have been able to as effectively identify whom to meet with and how. This lobbyist acted like a great agent and we all know how important a good agent is!

As a result, the New York State Justice Mackey temporarily blocked the state’s week-old ruling that had effectively barred tenants from having to pay a broker fee, issuing at least a short-term reprieve to an industry scrambling to respond The decision was expected to stay in place until at least March 13, when Justice Mackey has asked the Department of State to respond in court. However, this restraining order does not necessarily foreshadow that the broker fee ruling will be blocked for good.

If you're interested in real estate news & politics, this is certainly an episode for you! Thank you for subscribing & listening!

Avsnitt(134)

Episode 118: Sarah Patton, Co-Head of Compass New Development New York City

Episode 118: Sarah Patton, Co-Head of Compass New Development New York City

I am pleased to have Sarah Patton on this episode of the Real Takk Podcast. Sarah co-heads our new development team with our previous guest, Dan Parker. Most recently, Sarah has been working closely w...

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Episode 117: Unveiling the Mind of Nico Moinian, Partner of Fortuna Realty Group

Episode 117: Unveiling the Mind of Nico Moinian, Partner of Fortuna Realty Group

Join us for an insightful episode with Nico Moinian, a true connoisseur of New York City real estate. Nico, a Partner at Fortuna Realty Group, brings a wealth of knowledge and experience to the indust...

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Episode 116: Tony Sargent of Compass NYC, 2024 Reflections & 2025 Market Winners, Losers, & The Prediction Pod

Episode 116: Tony Sargent of Compass NYC, 2024 Reflections & 2025 Market Winners, Losers, & The Prediction Pod

I am pleased to have Tony on the wrap-up & prediction pod for 2024 and 2025.  Tony & I met at Compass several years ago, and I’ve come to know him as a smart, thoughtful, and opinionated real estate p...

10 Jan 202554min

Episode 115: Sean Mcpeak of Serhant, Real Estate & Business 2024 Wrap Up & 2025 Prediction Pod

Episode 115: Sean Mcpeak of Serhant, Real Estate & Business 2024 Wrap Up & 2025 Prediction Pod

It's an annual end-of-the-year tradition by wrapping up the 2024 year in business & real estate with our guest Sean Mcpeak of the Empire Collective Team at Serhant.  Sean had a productive year with hi...

26 Dec 202447min

Episode 114: Will Hardy, Chief of Staff to CEO @ Compass, The Heart & Soul of Real Estate Brokerage, Business, & Life.

Episode 114: Will Hardy, Chief of Staff to CEO @ Compass, The Heart & Soul of Real Estate Brokerage, Business, & Life.

I welcome my friend Will Hardy to the Real Takk Podcast, where we discuss real estate, the state of the brokerage business, the hardships we face as real estate agents and brokers, the NAR Settlement,...

14 Dec 202449min

Episode 113: Dan Parker, Compass New York Development

Episode 113: Dan Parker, Compass New York Development

I am pleased to have Dan Parker, the Co-Head of Compass New Development, on this episode.  Dan is involved in every phase of the development process and leverages his relationships with top architects...

22 Nov 202443min

Episode 112: What is the FARE Act? My Thoughts on the Fairness in Apartment Rentals Act to Ban Brokers Fees

Episode 112: What is the FARE Act? My Thoughts on the Fairness in Apartment Rentals Act to Ban Brokers Fees

I'm jumping on to quickly discuss my thoughts on the FARE Act, AKA the Fairness in Apartment Rentals Act. Who does it help? How does the bill affect the overall market? How does this impact mom-and-po...

6 Nov 202422min

Episode 111: Elizabeth DeWoody, $500M+ Sales Volume in Palm Beach Florida, from Corporate to Real Estate

Episode 111: Elizabeth DeWoody, $500M+ Sales Volume in Palm Beach Florida, from Corporate to Real Estate

Recording from our HQ on Worth Avenue in Palm Beach, Florida, I welcome Elizabeth De Woody of Compass Palm Beach!  Born in Miami and raised in Central Florida, Elizabeth has called West Palm Beach hom...

11 Okt 202454min

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