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 18, 2016  
In This Issue
    • Board Enhances Core Standards
    • Economic Outlook: Watch Out For Inflation
    • 2017 NAR Committee Application Deadline Nears
    • 2016 Conference & Expo Registration is Open
    • Leadership Summit Registration Opens June 8

    • Bob Woodward: Leadership Starts With Negotiation
    • Frustrations Fly Over FHA Loan Hurdles
    • Warren Talks Student Debt to REALTORS®
    • FAA on Track to Release Drone Rules by June
    • Commercial Update Includes 1031 Exchanges

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NAR News

Board Enhances Core Standards
The Board of Directors added new criteria to the NAR core standards initiative at its meeting May 14. The enhancements add provisions on safety, community outreach, and professional development, among other things. The board also passed measures on student loan debt, online copyright infringement, and the consumer advertising campaign. John Smaby of Edina, Minn., was elected 2017 first vice president and Tom Riley of Bedford, N.H., was elected 2017-18 treasurer. Access complete coverage in the May 14 Special INS report. Also find coverage of the meeting and REALTORS®’ Capitol Hill visits in a new Voice for Real Estate news video.

Economic Outlook: Watch Out For Inflation
Look for modest market growth this year and next, but as long as inventory shortages persist, homes will become increasingly unaffordable, NAR Chief Economist Lawrence Yun said last week in a residential market outlook. Once mortgage rates start going up, which they could do as rental rates continue rising, sales will be hurt.

2017 NAR Committee Application Deadline Nears
AEs: May 23 is the deadline for 2017 committee appointment applications. Recommend candidates you would like to represent your state on committees by completing the state representative recommendation form. For more info contact Erin Menet, 312/329-8434. 

2016 Conference & Expo Registration is Open
Encourage your members to register for the 2016 REALTORS® Conference & Expo, November 4-7 in Orlando, Fla. The conference features 100 education sessions, 400 exhibitors, and 19,000 REALTORS® and guests to network with.

Leadership Summit Registration Opens June 8
AEs: The Leadership Summit for 2017 Leadership will be held in Chicago at the Sheraton Hotel & Towers, August 22-23. Registration opens Wed., June 8, at Noon, Central Time. To help ensure a seamless registration process, update your association’s NRDS record with the name of your 2016 president-elect. You’re encouraged to register your president-elect when you register yourself. Substitutions are not allowed. For more info, or if you're an interim AE, contact Rita Baldwin

Issue Updates

Bob Woodward: Leadership Starts With Negotiation
Watergate scandal breaker Bob Woodward shared lessons on leadership from his 40 years covering presidents and other U.S. and global leaders for the Washington Post. One take-away: Leadership is about negotiating from a position of strength.

Frustrations Fly Over FHA Loan Hurdles
Real estate professionals, appraisers, and underwriters aired their grievances about the difficulty and confusing language of the FHA loan process, in particular new language in the single-family handbook that’s impacting appraisals. 

Warren Talks Student Debt to REALTORS®
U.S. Sen. Elizabeth Warren (D-Mass.) went before REALTORS® last week to ask for their support on "The Bank on Students Emergency Loan Refinancing Act," S. 2432, which would help make repayments more manageable by allowing borrowers to refinance student loans, which right now they aren't allowed to do. Her talk is also covered in the latest Voice for Real Estate news video.

FAA on Track to Release Drone Rules by June
Federal officials intend to publish rules that will enable the general public to use small, unmanned aircraft for commercial activities before the end of spring, Federal Aviation Administration officials told a group of real estate professionals who visited the agency in Washington last week.

Commercial Update Includes 1031 Exchanges
Regulatory experts gave status updates to REALTORS® last week in Washington on 1031 exchanges, crowdfunding, and depreciation, among other commercial matters.

New Resources

Survey Aims to Improve Member Orientations
AEs: Look for a 5-minute survey next week asking about your new member orientations. The survey will help NAR better serve your needs and enhance the association’s Orientation Toolkit. For more info contact Lisa Herceg.

Broker Summit: Registration Deadline Nears
Let your members know: Space is filling up for the 2016 REALTOR® Broker Summit in Denver. Attendees will gain access to speakers, industry leaders, and colleagues from across the country. 

AEI: Call for Speakers Deadline is May 23
If you're interested in speaking athe 2017 AE Institute in Denver, March 17-20, or have a qualified member who is, visit the application page by May 23. For more info contact Laurie Oken, 312/329-8307.

Honor Your REALTOR® of the Year
State AEs: Submit information on your state's REALTOR® of the Year Award recipient for recognition at the 2016 REALTORS® Conference & Expo in Orlando.

AEC Strategic Issues Report Available
"Unleashing the Power of Real Estate Data" is a report intended to assist your association in its strategic planning. Content is based on structured discussions between the AEC Strategic Issues Work Group and brokers, sales associates, real estate consultants, economists, and technology experts. The ideas can be used by brokers and others in real estate as well. Access in multiple formats at For more info contact Cindy Sampalis, 312/329-8302.

REALTOR® University Recognizes Class of 2016
Eleven students in REALTOR® University's third graduating class were given their Master of Real Estate (MRE) degrees during a commencement ceremony in Washington last week. 

Commercial Innovation Grants: Apply Starting June 1
Get ideas for a commercial innovation grant application from the 17 associations that were granted funding in the first cycle of 2016. They received amounts ranging from $500 to $2,500. The Pensacola (Fla.) Association of REALTORS® received a grant to help expand the number of associations participating in its new Gulf Coast CMLS.

Download Spring Safety Webinar
NAR Safety Course Instructor Kimberly Allard-Moccia shares strategies to ensure safety during day-to-day business operations in a webinar you can download and offer to your members.


Transaction Broker Lawsuit Continues
The Court of Appeals of Georgia sent a case back to trial court to resolve a factual dispute over whether a broker had breached the duty of reasonable care in a case involving a proof-of-funds submission. 

Website Accessibility: Not Just About the Law
Making your website accessible is the law under the Americans with Disabilities Act, but it’s also a way to expand your business to people who otherwise would have trouble accessing content on your website. That was the message last week at a risk management forum for REALTORS® in Washington. 

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