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E-Fairness Bills Introduced

Published Saturday, April 29, 2017
On Thursday, Apr. 27, both S. 976, "The Marketplace Fairness Act," and H.R. 2193, "The Remote Transactions Parity Act," were introduced in the Senate and House. S. 976 is cosponsored by Senators Lamar Alexander (R-TN), Mike Enzi (R-WY), Dick Durbin (D-IL), and Heidi Heitkamp (D-ND); H.R. 2193 is cosponsored by Representatives Kristi more»

Small Business & Economic Growth Hearing

Published Saturday, April 29, 2017
On Thursday, Apr. 27, the House Small Business Subcommittee on Economic Growth, Tax and Capital Access held a hearing: “Small Business: The Key to Economic Growth.” During the hearing, Members and the witness panel discussed the ways that small businesses contribute to the U.S. economy, through the creation of jobs and contributions to the GDP, more»

VA Reconsiders Limits on Fees

Published Saturday, April 15, 2017
On April 13, 2017, the Department of Veterans Affairs (VA) released an advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, the VA has received complaints from veterans and other stakeholders, including REALTORS®, that restrictions on the charges and fees VA more»

NAR Publishes Co-Marketing Do's and Don'ts

Published Wednesday, April 12, 2017
NAR has published a list of Do’s and Don’ts for real estate professionals when engaging in co-marketing activities via social media and other web-based marketing tools. The educational piece is intended to help real estate professionals comply with the Real Estate Settlement Procedures Act (RESPA) when co-marketing. Disclaimer: This document more»

NAR Testifies on VA Appraisals

Published Saturday, April 8, 2017
On April 4, 2017, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers And How To Improve The Program For The 21st Century.” In the past year, the Department of more»

Basel III HVCRE regulations

Published Saturday, April 8, 2017
On Monday, April 3, NAR joined an industry coalition letter thanking Rep. Pittenger (R-NC) for his work drafting a bill to make reforms to the Basel III “High Volatility Commercial Real Estate” (HVCRE) risk-weight requirements for lenders. Under the HVCRE rule, commercial acquisition, development, and construction (ADC) loans are risk-weighted more»

PACE Reform Bills Introduced

Published Saturday, April 8, 2017
Bipartisan legislation supported by NAR was introduced in the Senate and House yesterday that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the more»

Commercial NFIP Priorities

Published Saturday, April 8, 2017
On Tuesday, April 4, NAR and a coalition of real estate industry groups sent a letter to the House Financial Services Committee outlining priorities for commercial real estate in the upcoming reauthorization of the National Flood Insurance Program (NFIP). The NFIP is scheduled expire on September 30, 2017 unless Congress extends it. Specifically, the more»
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