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MLS of Choice: Will NAR’s New MLS Policies Affect Me?

The Board of Directors of the National Association of Realtors adopted changes to MLS Policy Statements during the 2017 Annual Convention. The new policy is commonly referred to as “MLS of Choice” and goes into effect July 1, 2018. Why was the change made? The MLS industry is changing dramatically, as is the business of… Continue reading MLS of Choice: Will NAR’s New MLS Policies Affect Me?

Gov't Affairs, Govt - National Assoc. of Realtors® (NAR)

Nation: NAR Says No Degree Needed for Appraisers

On May 9, 2017, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to the Third Exposure Draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR agreed with the AQB's removal of the degree requirement for licensed residential appraisers, the basic appraiser qualification, and to instead require completion… Continue reading Nation: NAR Says No Degree Needed for Appraisers

Gov't Affairs, Govt - Nation, Govt - National Assoc. of Realtors® (NAR)

Nation: PACE Reform Bills Introduced

Bipartisan legislation supported by NAR was introduced in the Senate and House that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the legislation. The House… Continue reading Nation: PACE Reform Bills Introduced

Gov't Affairs, Govt - Nation, Govt - Northeastern Colorado

Nation: NAR Testifies on VA Appraisals

On April 4, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers and How to Improve the Program for the 21st Century.” In the past year, the Department of Veterans Affairs (VA) Home Loan… Continue reading Nation: NAR Testifies on VA Appraisals

Gov't Affairs

Nation: Senate Commerce Hearing on Drones

On Wednesday, March 15, the Senate Commerce, Science, & Transportation Committee held the hearing "Unmanned Aircraft Systems: Innovation, Integration, Successes, and Challenges."  The hearing focused on the industry growth seen since the FAA released its rule on Small Unmanned Aircraft Systems (UAS), which went into effect in August 2016, as well as areas in which… Continue reading Nation: Senate Commerce Hearing on Drones

Gov't Affairs, Govt - Nation

Nation: President Trump Releases Budget

On Thursday, March 16th, President Trump released the "America First - A Budget Blueprint to Make America Great Again.” The budget does not include many details, but is more an outline of President Trump’s spending proposals. House and Senate appropriations committees will review the budget proposals and will develop the final budget documents for the… Continue reading Nation: President Trump Releases Budget

Gov't Affairs, Govt - Nation

Nation: NAR Urges Mnuchin to Protect MID

In a letter dated March 10, 2017, NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the Trump Administration seeks to reform the federal income tax system. Referring to recent media reports where Mnuchin promised to leave “the mortgage interest deduction as is,”… Continue reading Nation: NAR Urges Mnuchin to Protect MID

Gov't Affairs, Govt - Nation

Nation: President Signs WOTUS Order

President Trump signed an Executive Order that begins to unwind the Obama administration's controversial Clean Water Rule. Also known as the Waters of the U.S. rule, or WOTUS, the regulation was written by U.S. EPA and the Army Corps of Engineers to clarify the reach of the federal government over wetlands and waterways under the… Continue reading Nation: President Signs WOTUS Order

Gov't Affairs, Govt - Nation

Nation: NAR Supports Sanford/Sherman G-fee Bill

NAR along with several housing and mortgage industry trade groups sent a letter thanking Reps. Sanford (R-SC) and Sherman (D-CA) for reintroducing H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie Mae and Freddie Mac’s guarantee… Continue reading Nation: NAR Supports Sanford/Sherman G-fee Bill

Gov't Affairs, Govt - Nation

Nation: Supreme Court to Hear Property Rights Case

The United States Supreme Court has agreed to hear oral argument in an important property rights case, Murr v. State of Wisconsin, on March 20, 2017.The Murr case, for which NAR submitted an Amicus Brief, arises from a Wisconsin’s family’s attempt to sell or develop a small river-front plot of land which they acquired in… Continue reading Nation: Supreme Court to Hear Property Rights Case