Real Estate Board of New York Inc.

The Real Estate Board of New York Inc. (REBNY) is a prominent nonprofit trade association, classified as a business league, in New York City. Established in 1896, REBNY is recognized as a leading advocate for the real estate industry, focusing on policy changes that benefit its members and the broader real estate sector.

Overview

REBNY aims to foster economic growth in New York City by promoting the development and renovation of both residential and commercial properties. It represents its members in discussions with government officials, investors, and residents, providing a platform for industry professionals to engage in property management and development.

Activities

• Education and Training: REBNY offers various educational programs, including state-certified licensing courses and continuing education seminars, to enhance the professional skills of its members.
• Market Research: The organization conducts comprehensive research on residential and commercial real estate trends, providing valuable insights and analyses of market conditions.
• Advocacy and Lobbying: REBNY actively engages in policy advocacy, often influencing state and city legislation to benefit the real estate industry. It supports political candidates who align with its goals and has been instrumental in shaping policies on issues like rent stabilization and taxation.

Financial Overview

As of fiscal year 2023, REBNY reported revenue of approximately $17.2 million, with expenses of $16.4 million. The majority of its revenue comes from program services, which accounted for about 87% of total revenue in previous years. Donations to REBNY are not tax-deductible.

Membership and Influence

REBNY has more than 14,000 members, making it a significant voice in the New York City real estate market. Its influence extends beyond the industry, as it often shapes policy discussions in the city and state. Although donations to REBNY are not tax-deductible, the organization remains a key player in shaping the economic and regulatory environment in New York.

Political Impact

REBNY has been involved in political donations and lobbying efforts, often supporting candidates and policies that align with its interests. Its political influence is considerable, given the significant financial contributions made to campaigns and its role in shaping real estate-related legislation.

Community Engagement

Beyond policy and advocacy work, REBNY engages in community-building initiatives, such as supporting historically underserved individuals through the REBNY Foundation. This foundation focuses on providing job opportunities and support to those impacted by economic downturns.

In summary, the Real Estate Board of New York Inc. is a powerful and influential organization in the New York City real estate sector, known for its advocacy, educational programs, and economic impact on the city's development.