Internal News Service Weekly Report for AEs

Realtor ® The Weekly Report for Association Executives Internal News Service From the National Association of<br />
                                    Realtors ®
May 4, 2016  
In This Issue
    • Military Buyers Younger, Like Larger Homes
    • Prepare for Board of Directors Meeting
    • New Directors Orientation Meeting
    • Members to Get T-Shirts at Legislative Meetings
    • AEs and Treasurers Invited to Budget Forum

    • Suggested Schedules For AEs, Presidents
    • Website Accessibility Rules Needed, NAR Says
    • Flood Insurance Improvement Gains
    • New Rule on Closing Changes In Works
    • Good Neighbor Deadline Nears

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NAR News

Military Buyers Younger, Like Larger Homes
Active-service military home buyers are younger, more likely to be married, and have multiple children, according to NAR’s 2016 Veterans & Active Military Home Buyers and Sellers Profile. Look for them to buy larger, more expensive homes. 

Prepare for Board of Directors Meeting
Read a synopsis of major issues to be considered by the Board of Directors at their upcoming meeting on May 14 at the REALTORS® Legislative Meetings & Trade Expo in Washington.

New Directors Orientation Meeting
Directors can access the agenda and other materials for their orientation meeting on May 11, 10:30 a.m.-12:00 p.m., on

Members to Get T-Shirts at Legislative Meetings
AEs: Four years ago, thousands of REALTORS® gathered in Washington for the REALTOR® Rally to Protect the American Dream. One of REALTORS®’ biggest allies, Sen. Johnny Isakson (R-Ga.), himself a REALTOR®, said the thousands of REALTORS® wearing distinctive REALTOR® T-shirts in the hallways of Congress was the most important part of the Rally and made a lasting impression on all members of Congress. This year, with much at stake at the federal level, members attending the REALTORS® Legislative Meetings & Trade Expo next week in Washington will again receive a REALTOR®-branded T-shirt to wear on their visits to Capitol Hill and to regulatory agencies. The T-shirts will be available for pick-up by members and association staff at the registration desk at check-in.

AEs and Treasurers Invited to Budget Forum
NAR’s Board of Directors will vote on the association’s proposed three-year budget (2017-2019) during their meeting on May 14. You and your treasurer are invited to join NAR Treasurer Mike McGrew for the Treasurer's Budget Forum on May 12 at 2-4 p.m., Marriott Wardman in Wilson Room B. The session is open to all members and will provide an opportunity to ask questions and discuss the budget proposal, including REALTOR® Party programming.

Suggested Schedules For AEs, Presidents
Access AE and president/president-elect suggested schedules for the REALTORS® Legislative Meetings & Trade Expo next week in Washington. The schedules list AE committee and advisory group meetings, policy committee meetings, events offered specifically for local and state elected leaders, staff specialist meetings, special events, and forums that are open to all members.

Issue Updates

Website Accessibility Rules Needed, NAR Says
NAR President Tom Salomone asked the U.S. Department of Justice to issue rulemaking on website compliance with the Americans with Disabilities (ADA) Act, because guidance is needed as more companies receive “demand letters” to make their websites accessible.

Flood Insurance Improvement Gains
The House voted 419-0 to pass an NAR-backed bill to modernize the flood insurance program. Next stop is the Senate. More in The Voice for Real Estate news video.

New Rule on Closing Changes In Works
The Consumer Financial Protection Bureau plans to publish a proposed rule on the closing process changes that took effect last year in October. NAR has asked the agency for rulemaking to clarify lingering questions on the closing changes, which the CFPB has made part of its Know Before You Owe campaign. 

Good Neighbor Deadline Nears
May 13 is the deadline to nominate a member for the Good Neighbor awards. 

New Resources

Learn About Phone-a-Friend for RPAC
Get information on Phone-a-Friend for RPAC: The National Volunteer Phone Bank Initiative at the RPAC table at the REALTORS® Legislative Meetings & Trade Expo next week in Washington. There are also three Phone-a-Friend for RPAC Start to Finish training sessions on May 10, 11, and 12. If your association commits to the program during the meetings, you’ll be entered into a drawing to win one of two Samsung Galaxy Tab® 3 tablets. Already 454 associations are participating in the program.  

Webcast: Selling a Home With a Reverse Mortgage
In case you missed it: NAR presented a live webcast on April 21 that focused on the rules that apply when a home with a reverse mortgage is put up for sale. Guests included a reverse mortgage servicing specialist and a top official of the National Reverse Mortgage Lenders Association.

Voice for Real Estate: Sales, Scams, Meetings, Flood Ins.
NAR’s latest Voice for Real Estate news video looks at NAR’s Legislative Meetings next week, key movement on flood insurance, NAR General Counsel Katie Johnson’s warning on email scams, and the latest home sales and signed contracts data from NAR Chief Economist Lawrence Yun.

Attend REALTOR® University Graduation
Help celebrate the third graduating class of the accredited REALTOR® University’s Master of Real Estate (MRE) degree program at the REALTORS® Legislative Meetings & Trade Expo. The commencement ceremony is May 13 at the Omni Shoreham Hotel Blue Room, 1:30-2:30 p.m. Reception follows. 

Meet with NAR Information Services
Information Services operates NAR’s contact center and maintains the largest real estate library in the world. It develops business letter templates and offers Field Guides to meet your members’ business needs. You can meet with representatives of the service at the REALTORS® Legislative Meetings & Trade Expo next week. They’ll be at the NAR booth May 11, 10 a.m.-Noon and 3:30-6 p.m., and May 12, 1-6 p.m.

Research on Millennials to Be Presented
REALTOR® University will be presenting research at the REALTORS® Legislative Meetings & Trade Expo in a May 13 session called "The Minds of the Millennials—Motivation, Mobility, and Making a Home." Add to your calendar.

Broker Summit: Space Limited
Encourage your members to register for the 2016 REALTOR® Broker Summit, June 9-10. Info on keynote speaker Adam Savage, motivational speaker Mary Lou Retton, and other program offerings are at

Find-a-Land-Consultant Tool Upgraded
REALTORS® Land Institute says it has made enhancements to its find-a-land-consultant search tool.  

Association-branded Welcome Kits
New Agent Success Kits help you provide tools, resources, and encouragement to new licensees. The kits are provided in partnership with and you can brand them with your association name. 

CommercialSearch Briefing
If you and your commercial leadership are interested in attending a briefing about at the REALTORS® Legislative Meetings & Trade Expo next week, email NAR Commercial Rea Estate Services Director Jean Maday. The briefing gives you an opportunity to weigh in on functionality, features, and other integrations.  

Lessons in Success at RPAC Fundraising Forum
A panel will discuss success with fundraising, Phone-A-Friend, and building relationships with political leaders at the RPAC Fundraising Forum on May 11 at 3-5 p.m. in the Virginia Suite of the Marriott Wardman Park Hotel.  

Share Your REALTOR® Party Stories
While at the REALTORS® Legislative Meetings & Trade Expo next week, share your REALTOR® Party stories, photos, and videos on social media using the hashtags #REALTORParty and #ST (your state abbreviation) in your posts and tweets, and tagging the REALTOR® Party accounts. For example, use #REALTORParty #IL for Illinois. The REALTOR® Party will highlight your success on the REALTOR® Action Center website, NAR and REALTOR® Party social media accounts, publications, newsletters and at the REALTOR® Party Booth. 

Grant Boosts Opportunities With Foreign Investors
REALTORS® Association of the Palm Beaches (Fla.) has received a Commercial Innovation Grant to help it host an educational networking event on real estate transactions with foreign investors. More on NAR’s Commercial Innovation Grants for your association. 

Association Fills Backpacks With School Supplies
The Kennebec Valley (Maine) Board of REALTORS® collected 20 backpacks filled with school supplies for their local Boys & Girls Club (BGCA) of America last month, and it plans to do another back-to-school drive for kids in June. Visit the NAR/BGCA website to find the club nearest you and get ideas for what your association might do.

MVP: Social Media Guide for Credit Card Survey
Answer three questions about NAR's official REALTOR® Credit Card, offered by REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union, and earn a free download of a pamphlet, "Social Media for Associations," under the latest Member Value Plus (MVP) offering. You’ll also be entered to win one of two gift cards for $250. 



No Jurisdiction Over Out-of-state Firm
The United States District Court for the Eastern District of Pennsylvania dismissed a California brokerage from a case it was hearing because it did not have jurisdiction over the company. Investors taking legal action against one of the brokerage’s licensees failed to show that the licensee was acting within the scope of his agreement with the brokerage when he worked on a deal with the investors in Pennsylvania.

Is Your Website ADA Compliant?
Could your website be exposing you to legal action? Litigation over website accessibility for people with disabilities is booming. Find out what steps to take to make your website compliant with the Americans with Disabilities Act, and how to handle legal action pertaining to your website’s accessibility in an NAR Legal Affairs article. 

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