Internal News Service Weekly Report for AEs

Realtor ® The Weekly Report for Association Executives Internal News Service From the National Association of<br />
                                    Realtors ®
April 6, 2016  
In This Issue
    • Investment Sales Up, Second Homes Down
    • MLSs Must Adopt RESO Web Api By June 30
    • More Efficient Path to Green Designation
    • How Do Scammers Know What They Know?
    • RLI Names Kobernus EVP

    • NAR: Don’t Make BA Necessary For Appraisers
    • Tax Changes Impact Foreign Investors
    • Supreme Court to Rule on Wetlands Case
    • Webcast: Selling Homes With Reverse Mortgages
    • Webinar: Ramping up Apartment Leasing

Sponsored by:
As the busy season arrives, do you have a safety plan integrated into your real estate business? Join NAR for a free REALTOR(R) Safety Program webinar Apr. 20, 1pm CST.
 
NAR News

Investment Sales Up, Second Homes Down
Vacation home sales cooled off in 2015, dropping almost 19 percent from the previous year,  but they remained at the second highest amount since 2006, while investment purchases increased for the first time in five years . More in in NAR’s 2016 Investment and Vacation Home Buyers Survey

MLSs Must Adopt RESO Web Api By June 30
MLSs owned and operated by REALTOR® associations must adopt and implement the Real Estate Standards Organization (RESO) Web API by June 30. Information about the requirement and resources to facilitate compliance are on REALTOR.org.

More Efficient Path to Green Designation
Your members need two classes rather than three to obtain NAR’s Green designation under program changes, and the classes are revamped to provide foundational knowledge on the first day and  practical tips on the second. Online courses are $149 each or two for $250.  

How Do Scammers Know What They Know?
The success hackers have had in infiltrating real estate transactions to siphon off money into illegal accounts has prompted the Federal Trade Commission and NAR to post a warning on the FTC website. The latest Voice for Real Estate news video looks at how scammers phish for key information and then exploit it to rob home buyers. Other stories look at FHA handbook changes that NAR believes blur the line between appraisals and home inspections. The video also looks at commercial real estate opportunities as companies revamp their accounting practices to meet coming rule changes. Another topic is where home sales are headed, based on the latest contract signings.

RLI Names Kobernus EVP
Aubrie Kobernus, a former executive of the Memphis (Tenn.) Area Association of REALTORS® has been named executive vice president of the National Land Institute. Also, George Clift of Amarillo, Texas, received the Land REALTOR® of America Award at the RLI conference last month. Six other land specialists were recognized at the conference. 


Sponsored by:
New this year, NAR will be providing zipForm® Plus real estate forms software and zipTMS™ transaction management solution as a member benefit nationwide with the goal of providing REALTORS® access to the forms they want, when and where they need them. AEs: connect with zipLogix to learn more at ziplogix.com/narbenefit.
 
Issue Updates

NAR: Don’t Make BA Necessary For Appraisers
The Appraisal Qualifications Board should rethink its policy on requiring BA degrees for those seeking Certified General and Certified Residential Appraiser classifications, NAR says. It also wants the board to redefine its trainee classifications.  

Tax Changes Impact Foreign Investors
Tax law changes impacting foreign investors of U.S. real estate is covered in a webinar on Wednesday, April 12, 1-2 p.m., Eastern time. The changes are part of the Foreign Investment in Real Property Tax Act (FIRPTA), enacted last year. The webinar will also cover compliance issues important to your members. Share registration link.

Supreme Court to Rule on Wetlands Case
The U.S. Supreme Court heard oral arguments on a case that will impact when property owners can sue if they disagree with a wetlands permit requirement. In an amicus brief, NAR argued that owners shouldn’t have to go through the permitting process before they can sue. The Court is expected to issue its ruling in June. 

New Resources

Webcast: Selling Homes With Reverse Mortgages
NAR will host a live webcast about the issues affecting the sale of a home with a reverse mortgage. Among the questions your members will have answered: Are you dealing with the owner or a trustee? Does a child of the owner have the right of first refusal to buy the property? What happens if the market value of the house is less than the balance on the reverse mortgage? Your members can get their own questions answered during the live webcast, Thursday, April 21, at 2 p.m., Eastern time. Principal speaker is a reverse mortgage servicing specialist. Share registration link

Webinar: Ramping up Apartment Leasing
Nothing is more important to apartment managers and leasing agents than word-of-mouth endorsements because of the credibility they bring on social media. Doug Chasick, known as the Apartment Doctor, will talk about ways to improve apartment vacancy rates in a webinar, April 19, at 2 p.m., Eastern time. Chasick will cover personalizing apartment marketing, managing renters’ expectations, and reassessing customer service terminology, among other things. The webinar is sponsored by web-based property management software company AppFolio. Share registration link.

Registration  Open For Safety Webinar
Your members can learn about implementing safety protocols in a webinar on Wednesday, April 20, at 1 p.m., Central time. Share registration link.

Include Trade Mission Info On Resource Site
If your state or local Global Business Council is hosting an inbound or outbound trade mission, forward information about it to Lisa Calarco to have it posted on a resource site at REALTOR.org. 

Land 101 Offered as Independent Study
The REALTORS® Land Institute is offering Land 101: Fundamentals of Land Brokerage as an online independent study. Price is discounted.

Submit Topics for Assoc. Mgmt. Roundtables
Deadline is April 15 to submit ideas to Courtney Wilson for discussion topics at the association management roundtables in May at the REALTORS® Legislative Meetings & Trade Expo in Washington.

Contribute Your Boys & Girls Club Stories
Let others know how your association is making a difference in your community through its involvement with Boys & Girls Club of America (BGCA). Email your story to NAR. It could be featured on the NAR/BGCA website. The South Metro Denver (Colo.) REALTOR® Association story provides a good example. The association raised more than $7,000 in toys, gifts, and donations to help make the holidays brighter for kids at the Boys & Girls Club of Metro Denver.

Share realtor.com Economist Update
The latest trend report from realtor.com® Chief Economist Jonathan Smoke is available for sharing  with your members.

Green Leasing Covered at Commercial Forum
Your commercial members and staff can learn about international business, green leasing, the new CommercialSearch.com platform, among many other topics at the Commercial Leadership Forum on May 12. It’s part of the 2016 REALTORS® Legislative Meetings in Washington. Also, NAR’s director of commercial real estate will share a recap of MIPIM, the international real estate conference last month in France, and summarize results from a commercial member satisfaction survey.

How Walkable is Your Community?
Your members can benefit from being aware of the impact of walkable communities on local businesses and real estate. Share registration link for webinar on the topic, May 3, at 2 p.m., Eastern.

Legal

Is Your Website ADA compliant?
The Americans with Disabilities Act, enacted in 1990, doesn’t just apply to buildings and sidewalks. The federal government is preparing rules on the accessibility of websites, too, because so much business is conducted online now. NAR Associate Counsel Lesley Walker talks about what you need to do to start your website on the road to accessibility in an article.

Legal Action Requests for Assistance
The Legal Action Committee is available to assist in litigation that may have precedential significance to real estate professionals, associations or MLSs, of real property owner and users.  The Committee next meets at the MidYear meeting and requests for assistance may be submitted to Committee Staff Executive Ralph Holmen using the application form on REALTOR®.org:  http://www.realtor.org/programs/legal-action-program  Submit requests as soon as possible for consideration at the 2016 MidYear Meeting.

Agency Cases Up in Latest Legal Pulse Report
The number of agency cases jumped last year in courts throughout the United States, according to NAR’s latest Legal Pulse. The report, for the fourth quarter of 2015, also includes an end-of-year roundup of real estate cases.

 
Report compiled by Robert Freedman, 202/383-1012. NATIONAL ASSOCIATION OF REALTORS®
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