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February 1, 2013

NAR Midyear Legislative Meetings and Trade Expo

From May 9 – 14 in Washington D.C., REALTORS® from across the country, along with NAR staffers, will visit Congressional representatives to keep key industry messages top-of-mind with policy makers. The visits are just one initiative in the on-going advocacy efforts to help ensure passage of legislation that is favorable to the practice of real estate.

To see all advocacy efforts, visit: http://tinyurl.com/Hill2011

License Portability Informal Work Group

And speaking of Midyear, the Commercial Committee’s informal work group on license portability is expected to report recommendations on model language that could be used by state associations to encourage legislators and regulators in those states without license recognition to adopt such language into law. Portability laws permit commercial real estate brokers to legally work across state lines and decreases the risk of doing business.

For more information, visit the NAR State Issues Tracker to look up licensing laws in your state: www.realtor.org/government_affairs

A Win

Note the recent update regarding the U.S. Small Business Administration’s expansion of its temporary 504 refinance program to include commercial real estate loans maturing after December 31, 2012. Small business owners with eligible commercial real estate mortgages will be able to secure more stable, long-term financing as a result of this change that NAR lobbied for.