Internal News Service Weekly Report for AEs

Realtor ® The Weekly Report for Association Executives Internal News Service From the National Association of<br />
                                    Realtors ®
June 15, 2016  
In This Issue
    • Call for Action on H.R. 3700
    • Student Debt Delays Home Ownership
    • Register for Housing Symposium
    • FAQs Explain Recent Changes to MLS Policy
    • House Examines Banking Rules

    • Apply for REALTOR® Emeritus Status
    • Live webcast: Preparing Now for Tax Time
    • Northern Va. REALTORS® Contribute to BGCA
    • NAR Playing a Role in Smart Home Technology
    • RSVP for Commercial Leadership Development Day

NAR News

Call for Action on H.R. 3700
Encourage your members to take action and urge the Senate to follow the House's lead by passing H.R. 3700, the "Housing Opportunity Through Modernization Act of 2016." The bill makes needed reforms to the FHA condominium loan program, federal assisted housing programs and Rural Housing Service loan programs. Letter to Senate.

Student Debt Delays Home Ownership
The majority of non-homeowners repaying their student loans on time believe their debt is holding back their ability to purchase a home, according to a joint survey on student loan debt and housing released by NAR and SALT, a consumer literacy program provided by American Student Assistance. News release.

Register for Housing Symposium
Join NAR, REALTORS® and other affordable housing industry leaders and practitioners on July 18 and 19 in Washington, D.C., for a symposium on homelessness and affordable housing. The Housing for All program builds on NAR’s recently approved policy that urges state and local REALTOR® Associations to work with community stakeholders to develop innovative and proactive strategies to aid citizens experiencing homelessness or facing housing insecurity. Register.

FAQs Explain Recent Changes to MLS Policy
The MLS Committee and NAR Board of Directors adopted changes to MLS Policy Statement 7.85 at the REALTORS® Legislative Meetings & Trade Expo in May. The changes, which are effective immediately, were designed to further educate and protect REALTORS® and MLSs from possible copyright infringement liability. This webpage explains the rationale for the changes and what, if anything, MLSs should do to reduce potential copyright infringement claims liability.


Issue Updates

House Examines Banking Rules
NAR expressed its support for a hearing the House Small Business Committee held June 9 to examine the burden the Dodd-Frank banking regulations have placed on small banks and rural communities. During the hearing, representatives of community banks testified that the increase in compliance requirements has impacted their ability make lending decisions based on creditworthiness. More

New Resources

Apply for REALTOR® Emeritus Status
NAR is accepting applications for REALTOR® Emeritus status, which recognizes REALTORS® who have 40 years of continuous membership and have completed at least one year of service at the national association level. For applications filed through 2019, the one-year service requirement may also be met through service at the state or local level. Applications must be submitted no later than Oct. 7 to be considered for approval by the Board of Directors in November at the REALTORS® Conference & Expo. Information, forms, and eligibility requirements are online. For more info contact Mary Glick, 800-874-6500, ext. 8831.

Live webcast: Preparing Now for Tax Time
Your members can hear from, and ask questions of, two accountants who work extensively with real estate clients on what to do throughout the year to maximize their tax position in a live webcast on Thursday, June 23, 2-3 p.m., Eastern time. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., Rockville, Md. Share registration link.

Northern Va. REALTORS® Contribute to BGCA
Reminder: Contact your local Boys & Girls Club and ask how your association can make a difference. In an example of what REALTOR® Associations have been doing, the Northern Virginia Association of REALTORS® recently hosted 25 kids from the Fairfax County chapter of the Boys & Girls Clubs of Greater Washington for a career-themed visit. More.

NAR Playing a Role in Smart Home Technology
In case you missed it: NAR’s Center for REALTOR® Technology has established a laboratory to study smart home systems and provide the real estate industry’s perspective as the technology continues to evolve. Watch video.

RSVP for Commercial Leadership Development Day
If you are planning to attend Commercial Leadership Development Day on Sunday, Aug 21, in Chicago, RSVP to Shara Varner by July 15. The workshop is open to AEs and president-elects from any local or state association, commercial structure chair-elects and president-elects, and commercial structure staff, and will be followed by a cocktail reception. More info.

Registration Open for July RLI Courses
Registration is open for the REALTORS® Land Institute’s (RLI) online Land 101: Fundamentals of Land Brokerage course, which focuses on the basics of land transactions, including the various types of land, the land brokerage process, and the 1031 tax-deferred exchange process. RLI will also be offering an online course to help real estate agents think like a marketing expert.

Session to Focus on Demand for Senior Housing
Fannie Mae chief economist and vice president Dr. Sean Becketti will discuss demand for housing among people 55 and over in a REALTOR® University Speaker Series presentation on Friday, June 17, from noon-1 p.m., Eastern time. Register to view online.

Save Money and Time with DocuSign
Remind your members that DocuSign eSignature and Rooms for Real Estate services make it easy to work securely with anyone using a desktop or mobile device. Through July 12, NAR members can save 15 percent and receive DocuSign Rooms for one year with a promo code. Access code and learn more about the DocuSign offerings available through NAR's REALTOR Benefits® Program.

Save During Ram Commercial Truck Season
Save on the purchase or lease of a Ram truck with FCA US LLC, a REALTOR Benefits® Program Partner. NAR members and Association staff can combine the $500 cash allowance with other RAM Commercial Truck Season incentives for additional savings through June 30. REALTORS® also receive up to eight oil changes with purchase/lease. See requirements prior going to your local dealer. Details.

Earn 2016 Member Profile from MVP
Register for the 2016 Leadership Summit, Aug. 22-23 in Chicago, and earn a free download of the new 2016 Member Profile from the REALTOR® Store. Registration will close on June 30 or when capacity is reached.

Save on Vehicle Rentals with Hertz®
You and your members can enjoy big savings by renting from Hertz®. Get up to $15 off a weekend rental, $25 off a weekly rental, or a free day on weekly rentals. These coupons can be combined with your annual NAR discount for even greater savings. Learn more.

SRS Online Designation Course on Sale in June
Remind your members that the Center for REALTOR® Development’s online Seller Representative Specialist (SRS) Designation Course is available at a 25 percent discount during June—the only month in 2016 that this course will be on sale. Contact to get email marketing copy, banners and ads. Join the center’s affiliate program to get a 15 percent share of revenue from the course for your association.

Advanced Professional Standards Seminar
NAR's professional standards seminar is scheduled for Aug. 18 and 19 in Chicago. The seminar will include case studies and material based on real-life experiences relating to enforcement of the Code of Ethics, including the duty to arbitrate, and more. Details.


Tell Lenders Sharing Closing Disclosure is OK, NAR Urges CFPB
NAR is asking the Consumer Financial Protection Bureau (CFPB) to make clear to lenders that they may share the Closing Disclosure (CD) with real estate professionals and other third parties as long as the borrower provides consent. In a letter to the CFPB, NAR President Tom Salomone also asked the agency to provide lenders with additional guidance about revising the CD after sending it to the borrower and extend the deadline for correcting minor Know Before You Go errors from 30 to 180 days.

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