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 22, 2016  
In This Issue
    • Home Sales at Highest Pace in Almost 10 Years
    • FAA Publishes Final Commercial Drone Rule
    • More Than 60,000 Have Sent Condo Loan Letters
    • Voice for Real Estate: Year-round Tax Tips
    • NAR in Running for Inman awards

  • Article Educates Lawmakers on Loan Hurdles
    • Expanded Credit Score Criteria Gets Spotlight
    • Bills Seek to Advance Crowdfunding Loans
    • Live webcast: Preparing Now for Tax Tim

    • Learn About Boys & Girls Club Partnership


NAR News

Home Sales at Highest Pace in Almost 10 Years
Existing-home sales in May rose 1.8 percent to a 5.53 million pace, NAR says. The median home price rose to $239,700, an all-time high. Insufficient supply in many markets is driving appreciation. 

FAA Publishes Final Commercial Drone Rule
Commercial use of drones is set to expand under the Federal Aviation Administration rule it released yesterday. The rule takes effect in August and NAR is pleased it paves the way for responsible use of small drones for commercial purposes. 

More Than 60,000 Have Sent Condo Loan Letters
Ask your members to participate in NAR's Call for Action to spur FHA insured condo financing if they haven't already. More than 60,000 letters have been sent to senators in just the first week. Legislation NAR supports would take long-sought steps to make condo financing more reasonably available to borrowers. Sending a letter takes two clicks at the REALTOR® Action Center.

Voice for Real Estate: Year-round Tax Tips
The latest Voice for Real Estate news video looks at steps your members can take now to lower their tax burden next year. The video also looks at NAR's condo financing Call for Action, the legal settlement between Move and Zillow, student loan debt’s impact on homeownership, expanded credit score criteria, lenders' reluctance to share the new closing disclosure with real estate agents, and what’s happening in commercial real estate.

NAR in Running for Inman Awards
NAR is a finalist in the Most Innovative Marketing Campaign category of the 2016 Inman Innovator Awards. NAR was also nominated for the Most Innovative MLS or Association award, for its REALTORS® Property Resource online real estate database.

Issue Updates

Article Educates Lawmakers on Loan Hurdles
NAR President Tom Salomone talks about the impact student loan debt is having on households’ ability to become homeowners in a piece he wrote for The Hill, a widely read newspaper for members of Congress and their staff. The article also talks about the need to ease FHA condo financing requirements.

Expanded Credit Score Criteria Gets Spotlight
Members of Congress joined NAR at its Washington offices last week to talk about expanding credit scoring criteria to help borrowers who have made rental and other monthly payments responsibly but don’t have sufficient credit histories to obtain mortgage financing. NAR supports bills by Rep. Ed Royce (R-Calif.), Al Green (D-Texas), and Keith Ellison (D-Minn.). among others, that would help speed the adoption of expanded credit score criteria. The issue is also discussed in the latest Voice for Real Estate news video.

Bills Seek to Advance Crowdfunding Loans
More opportunities for securing loans from alternative sources could result from crowdfunding bills that passed a House committee this week. NAR supports legislation that would make crowdfunding a viable option for financing real estate purchases.  

New Resources

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 tomorrow, June 23, at 2 p.m., Eastern. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., in Rockville, Md. Share registration link.

Learn About Boys & Girls Club Partnership
Access a toolkit to get your association started with a local partnership with the Boys & Girls Club. NAR resources include PowerPoint presentations, success stories, photos, and  articles. Also, share how your association is involved with your local Boys & Girls Club by e-mailing

Safety Survey Coming
Look for a 5-minute survey next week on your safety programs. Your input will help NAR shape the REALTOR® Safety Program to better fit the needs of your members. For more info contact Lisa Herceg.

Share Your Safety Resources
Share ideas and resources on safety that you've developed or learned from experts you’ve worked with. Your contribution will help expand the REALTOR® Safety Program website.   

Slowdown Impacting Commercial Real Estate
George Ratiu of NAR Research and Stephanie Spear of NAR Government Affairs walk your commercial members through an economic and regulatory update in a video released last week. Among the highlights: The Federal Reserve will likely delay any increase in short-term interest rates until September and the Small Business Administration has improved financing options available for borrowers looking to buy property for their business. 

July 15 is Deadline for Commercial Leadership Day
Space is limited for Commercial Leadership Development Day in Chicago August 21. The day-long event is open to AEs, their presidents-elect, commercial structure chairs- and presidents-elect, and commercial structure staff. Attendance earns you six hours toward your annual Professional Development Core Standard requirement. RSVP by July 15, by sending email to Shara Varner.

Attend ‘Housing For All’ Symposium
REALTORS® and affordable housing leaders will explore efforts to combat homelessness and  housing insecurity in a Washington symposium July 18-19. Leaders will share strategies for taking action in your communities. The symposium is called Housing For All and could give you a starting point for working with stakeholders in your communities to address housing needs.

Strong Participation in RLI Education Program
A record number of attendees took all six of REALTOR(R) Land Institute’s LAND University courses to fulfill the education requirement of the Accredited Land Consultant designation.


Court Win for NAR-backed Net Neutrality
A federal appeals court ruled in favor of the Obama administration’s net neutrality policy, which NAR supports because it helps real estate companies by trying to ensure a free and open Internet. The ruling could be challenged in the U.S. Supreme Court. 

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