Internal News Service Weekly Report for AEs

Realtor ® The<br />
                                    Weekly Report for Association Executives Internal News Service From the<br />
                                    National Association of<br />
                                    Realtors ®
March 2, 2016  
In This<br />
    • Pending Home Sales Slow
    • Home Loan Caps Could Go Away for Veterans
    • Webcast: Get REALTOR® Ad Campaign
    • FASB Issues New Lease Accounting Standard
    • President Signs Internet Tax Ban

    • REALTOR® Party Immersion Training at AEI
    • AE Institute Silent Auction
    • Boys & Girls Club Donations at AEI
    • Information Services Table at AEI
    • Phone-a-Friend for RPAC

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NAR News
Pending Home Sales Slow
Following the highest average year for the index in nearly a decade, pending home sales declined to begin 2016 but remained slightly higher than a year ago, according to NAR.   

Home Loan Caps Could Go Away for Veterans
An effort is gaining ground to let veterans using federally backed, zero-down financing to buy their home without having to worry about loan caps. Right now, VA loans are capped based on market area. That makes it hard for veterans to buy in high-cost markets. NAR played a role in getting the House to pass a bill that would the loan caps. The Senate must act next. The issue is covered in The Voice for Real Estate, NAR’s news video. Other issues: whether commercial underwriting is getting too loose, the potential impact of an FAA plan to change how some planes land, why NAR is taking a digital-first strategy for its new ad campaign, and the latest home sales numbers. Access and share video.

Webcast: Get REALTOR® Ad Campaign
NAR presented a live webcast on Feb. 24 about the new Get REALTOR® advertising campaign, which showcases REALTOR® brand value to consumers. Watch replay.

Issue<br />

FASB Issues New Lease Accounting Standard
The Financial Accounting Standards Board (FASB) has released the final version of its updated lease accounting standard. The new standard will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after Dec. 15, 2018. For all other organizations, the new standard will take effect for fiscal years beginning after Dec. 15, 2019, and for interim periods within fiscal years beginning after Dec. 15, 2020. Details.

President Signs Internet Tax Ban
On Feb. 24, President Obama signed the Internet Tax Freedom Act (H.R. 644), a trade and customs bill that includes a provision permanently banning state and local taxes on Internet access. The provision has long been a priority for NAR because the Internet has become such a vital tool for REALTORS® and for buyers and sellers of real estate. More.

New<br />

REALTOR® Party Immersion Training at AEI
REALTOR® Party Immersion Training is set for Friday, March 11, from 8:30 a.m.–3 p.m., during AEI. The program will help you reach your goals in the areas of advocacy, community outreach and RPAC involvement. Through interactive, association-related scenarios, attendees will simulate building an advocacy plan to meet their core standards requirements. Choose from the programs, tools and services available through the REALTOR® Party to create your plan for 2016 and beyond. Lunch will be provided. Contact Kyle Lambert London to pre-register.

AE Institute Silent Auction
Check out the items your AE peers donated to the AE Institute Silent Auction. Register or log in and start bidding remotely whether you are attending AEI or not. All proceeds support the AE Professional Development fund. Bidding closes Sunday, March 13, at 4 p.m.

Boys & Girls Club Donations at AEI
NAR will be collecting donations for the local Boys & Girls Club on-site at the AE Institute in San Antonio. Bring travel-friendly items such as mini shampoo and conditioner bottles, colored pencils, markers, glue sticks, crayons, coloring books, sketch pads and construction paper to the registration desk, and an NAR staff member will make sure they are given to the local Boys & Girls Club. Questions? Contact Courtney Wilson.

Information Services Table at AEI
Stop by the Information Services table at the AE Institute to learn what Information Services and the NAR Library & Archives can do for your association. Browse unique images from NAR’s collection of historic photographs, as well as sample histories that have been compiled for local and state associations—and see how they have used the information to celebrate anniversaries, special events and more. Also learn about EBSCOhost, the Library’s new articles and journals database, as well the other services the department offers to associations. For more information, contact Sarah Hogan.

Phone-a-Friend for RPAC
Attend one of four Phone-a-Friend for RPAC sessions during AEI to learn more about the program and find out how to host a phone bank event. Thirty-minute sessions will be held on Friday, March 11, at 2 p.m. for state associations and at 3 p.m. for local associations. There will be special sessions on how to host a phone bank event on Saturday, March 12, and Sunday, March 13, at 4 p.m.

Re-Engaging with Cold Leads
Help your members reconnect with prospects that have gone cold with free tips, dialogues and techniques from active real estate pros. Learn more.



Video: Copyright Infringement Safe Harbor
The latest Window to the Law video from NAR Legal Affairs explains how a provision in the Digital Millennium Copyright Act can protect MLSs, subscribers and participants from copyright infringement liability while hosting an IDX display.

NAR Federal Policy Conference Videos
Videos of four panels that took place during the NAR Federal Policy Conference in Washington last month are available on The panels focused on key housing and real estate market issues.

Premises Liability Case Continues
A New York court is reconsidering a case involving a woman who fell down a set of stairs while viewing a condominium unit she was considering leasing and filed suit against the owner of the premises and the current tenant. The tenant brought a third-party action against the broker and brokerage hired to find a new tenant, claiming that the broker was responsible for the woman's fall. The court initially ruled in favor of the broker and brokerage, but the New York Supreme Court, Appellate Division, reversed the decision. More.

Report compiled by Sam Silverstein, 202/383-1212. NATIONAL ASSOCIATION OF REALTORS®
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