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

Nation: VA Reconsiders Limits on Fees

On April 13, 2017, the Department of Veterans Affairs (VA) released an advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, the VA has received complaints from veterans and other stakeholders, including REALTORS®, that restrictions on the charges and fees VA Loan borrowers… Continue reading Nation: VA Reconsiders Limits on Fees

Gov't Affairs, Govt - Nation

Nation: Why Home Ownership Matters

According to a study funded by the National Association of REALTORS® the for-sale housing industry is a key component of the gross domestic product (GDP), and an important driver for the overall economy. Since 1959, total housing-related spending, including both owners and renters, accounted for an annual average of 18.9 percent of GDP, and an… Continue reading Nation: Why Home Ownership Matters

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