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 ®
April 27, 2016   
In This<br />
    • Pending Home Sales Maintain Momentum
    • Deadline to Confirm Eligibility to Vote
    • Get to Know 2017 First V.P. Candidates
    • Watch MODERN FAMILY Next Wed. on ABC
    • Ex-Move Execs Defend Actions in Zillow Switch

    • Application Period for 2017 Committees Open
    • NAR Supports Effort to Reduce FHA Premiums
    • Senate Passes Energy Bill
    • Phone-a-Friend for RPAC
    • Good Neighbor Award Entries Due May 13

NAR News

Pending Home Sales Maintain Momentum
Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, NAR says. Only the West region saw a decline in contract activity.

Deadline to Confirm Eligibility to Vote
AEs: All national director names must appear on the Board of Directors roster to be eligible to check in and vote at the Board meeting on Saturday, May 14, in Washington. Resignations or changes to the roster must be received by 4 p.m., on Friday, May 13, by Maria Estrada. Directors will be asked to provide a government-issued ID, which will be verified against the 2016 Directors roster before each Director receives a voting device. View the current Board of Directors roster on

Get to Know 2017 First V.P. Candidates
Your members serving as national directors are encouraged to attend the Candidates' Forum on Thursday, May 13, 1- 2 p.m., Eastern, in the Marriott Ballroom of the Marriott Wardman Park during the 2016 Legislative Meetings in Washington. The forum provides an opportunity to learn about the 2017 first vice president candidates as they share their visions for the national association. The Board of Directors will be electing NAR’s 2017 officers and regional vice presidents at their meeting on May 14. More information on each candidate is at

Watch MODERN FAMILY Next Wed. on ABC
He’s goofy, he’s geeky—and he’s always the most loveable guy in the room. We’re talking about Phil Dunphy of ABC’s “Modern Family.” Next Wednesday, May 4, at 9 p.m. Eastern time/8 p.m. Central time, Phil will show his REALTOR® Pride in an episode that your members shouldn’t miss. #GetRealtor

Ex-Move Execs Defend Actions in Zillow Switch
Two former® executives were on the stand during a pre-trial hearing in Seattle that concluded April 26 to defend their handling of computer files when they left the listing site to join rival in 2014. Access coverage of the proceedings.

Application Period for 2017 Committees Open
Let your members know that NAR is now accepting applications for committee service in 2017. Members may submit up to five applications and receive up to five endorsements per application. Deadline is May 23. Details.

Issue<br />

NAR Supports Effort to Reduce FHA Premiums
NAR sent a letter to the leader of the Senate Transportation, Housing, and Urban Development Appropriations Subcommittee urging them not to prevent HUD from developing the Homeowners Armed with Knowledge (HAWK) program. HAWK was designed to reduce mortgage insurance premiums for first-time buyers who complete a series of home ownership counseling sessions. Lawmakers have blocked the program for the last several years.

Senate Passes Energy Bill
The Senate has passed the U.S. Energy Policy Modernization Act. The bill includes a provision that would allow federal mortgage underwriters to consider the energy savings from efficiency upgrades when determining a homebuyer’s ability to make payments. Another provision would permanently reauthorize the Land and Water Conservation fund, which acquires land from willing sellers to create outdoor recreational spaces. Lawmakers need to reconcile the bill, S. 2012, with the House energy bill, H.R. 8, before it goes to the White House. Details.

New<br />

Phone-a-Friend for RPAC
Join the 454 REALTOR® Associations participating in Phone-a-Friend for RPAC: The National Volunteer Phone Bank Initiative today. Visit the RPAC table in the Marriott Warman Park hotel lobby and/or attend one of three Phone-a-Friend for RPAC Start to Finish training sessions during the 2016 REALTORS® Legislative Meetings &Trade Expo on May 10, 11, and 12 to learn more about the program. Associations that commit to the program during meetings will be entered into a drawings to win one of two Samsung tablets.

Good Neighbor Award Entries Due May 13
Remind your members that nominations for the Good Neighbor Awards must be postmarked by May 13. The Good Neighbor Awards recognize REALTORS® who make a difference through community service. Winners will receive $10,000 grants and national publicity. A media kit with stories, photos, videos and other resources to help you promote this to your members is available. The entry form is available at

Preview NAR Broker Summit Program
View the full program for the 2016 REALTOR® Broker Summit, and learn about keynote speaker Adam Savage, co-host of the Discovery Channel show “MythBusters.” Featured sessions at the summit, set for June 9-10 in Denver, include “Recruit and Retain the Best with a Winning Culture,” presented by RISMedia, and “Productivity, Performance and Partnership,” presented by®.

Webcast: Selling a Home With a Reverse Mortgage
NAR presented a live webcast on April 21 that focused on the rules that apply when a home that has a reverse mortgage is put up for sale. Guests included a reverse mortgage servicing pecialist and a top official of the National Reverse Mortgage Lenders Association. Share link to recording.

NAR Communications Survey
Next week, look for a brief survey about how you communicate your association’s value proposition to your members. The survey will help us find ways to assist associations in this area. If you have any questions about the survey, please contact Cindy Sampalis.

MLS Committee to Consider Copyright Issues
The Multiple Listing Issues and Policies Committee and Forum will meet May 12 during the REALTORS® Legislative Meetings & Trade Expo. The MLS Committee will consider changes to MLS Policy Statement 7.85 to further protect REALTORS® and MLSs from possible copyright infringement liability. View agenda.

Prof. Stds. Committee to Look at Former Members' Obligations
The Professional Standards Committee and Forum will meet on May 12 during the REALTORS® Legislative Meetings & Trade Expo. Among the agenda items is a recommendation for changes to ensure that REALTORS don’t circumvent their obligations under the Code of Ethics. The proposed changes provide additional, effective ways to ensure REALTOR® accountability under the Code of Ethics by holding ethics hearings subsequent to a REALTOR®’s termination of membership if the alleged unethical conduct arose while the individual was a REALTOR®. View agenda

Membership Policy Committee to Review Application Procedures
The Membership Policy and Board Jurisdiction Committee will meet May 12 during the REALTORS® Legislative Meetings & Trade Expo and will look at, among other things, amendments to Article V, Section 3 of the NAR model bylaws to eliminate an outdated practice of local associations notifying existing members of applicants for REALTOR® membership. View agenda.

2017 AE Institute: Call for Speaker Presentations
If you're interested in speaking at the 2017 AE Institute in Denver, March 17-20, or have a qualified member who is, visit the 2017 call-for-presentations page to learn about the application process and to fill out a proposal form. Deadline is May 20. Programming tracks are described in detail on the application. Share the link with potential speakers. For more info contact Laurie Oken, 312-329-8307.

Leadership Express at Legislative Meetings
You and your volunteer leaders are invited to attend three back-to-back Leadership Express programs on Friday, May 13, 1:30-3 p.m., at the 2016 REALTORS® Legislative Meetings & Trade Expo in Washington. The sessions, which will combine useful take-aways with humor, are “Commitment to Excellence,” “Selling Your Story: Media Communications in a YouTube World,” and “You Talking to Me? From Talkers to Texters and Everyone in Between.” For more info contact Laurie Oken, 312-329-8307.

Content for Social Media Sites
The new® Content Sharing Hub gives you free access to a wealth of video content that’s perfect for sharing with your members. Learn more.

NAR Meeting Tables Available at Shopping Center Event
Remind your members that they can book a meeting table in the NAR booth at ICSC’s RECon event next month in Las Vegas for their client meetings. Space is limited. E-mail requests to NAR’s commercial team.

Commercial Innovation Grant Awarded
The Southland Regional Association of REALTORS® in California has been awarded a 2016 Commercial Innovation Grant. The funds will help the association host an educational networking event designed to bring industry experts in investment sales, leasing and transaction management together to share suggestions. Learn about previously funded projects and get application information.

Brochure Explains Automated Valuation Models
Let your members know about the NAR’s new “Automated Valuation Models (AVMs) FAQs for Agents,” available at the REALTOR® Store for free as a download (item E135-97), or for purchase as a customized PDF or in hard copy. The brochure was developed by NAR’s Real Property Valuation Committee to provide clarification about AVMs for practitioners and consumers. 


Video: Wire Fraud Alert for Buyers
NAR has released a video that warns home buyers not to follow instructions to wire funds that arrive by email in order to avoid being scammed.

Licensee Not Liable for Bad Investments
The Oregon Court of Appeals has upheld a lower court’s ruling that a real estate professional was not liable for losses experienced by an elderly client whose mental state deteriorated after the parties began working together. The client’s children had alleged that the receipt of referral fees by the real estate professional related to the client’s investment decisions amounted to elder abuse, and claimed that identifying properties for the client to invest in constituted negligence. More.

When a Buyer or Renter Has a Criminal Record 
In case you missed it: Almost a third of Americans have a criminal record, according to federal data. In many cases the reason is either minor or occurred long ago. And minorities are disproportionately represented among those with a record. What do your members need to know when they set a policy on working with people with a criminal record? The issue is a top story in The Voice for Real Estate news video for the week of April 18. Also covered: NAR's effort to improve rural loans and how to sell a house with a reverse mortgage on it.

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