Realtors chief: Don't raise home closing fees
One of Long Island’s veteran real estate brokers has been elected this year’s president of the New York State Association of Realtors.
Nicholas Gigante, who owns Re/Max Shores in Massapequa and Oceanside, said high on his agenda is making sure state officials don’t add new fees to the home closings and raise existing ones, such as title transfer charges.
Plus on the federal level, there’s been talk of eliminating or reducing the mortgage interest deduction on taxes, especially after President Barack Obama’s deficit-reduction task force recommended it.
“We’re not looking for either the federal or state government to tap into the real estate business to balance the budget,” said the new president of the trade group known as NYSAR.
Gigante has been an agent for more than 34 years and been active on various state and local industry trade groups, from teaching classes to working on legal issues. He’s been on the Long Island Board of Realtors' board of directors since 1988 and was its president in 1993.