The NATIONAL ASSOCIATION OF REALTORS®’ ethics requirement gives members until Dec. 31, 2012, to take an approved ethics course. Associations are doing everything they can to avoid holding eleventh-hour ethics courses for hundreds, or even thousands, of members in December.
Topics: Code of Ethics
Adapting to new technologies isn’t a choice for association executives; it’s a necessity.
A coalition of real estate and other business organizations (including NAR) wrote to the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) reaffirming their calls for an economic impact study, extensive field testing, and full re-exposure of the entire lease accounting proposal — with the goal of creating a standard that will meet the tests of the marketplace and fulfill the needs of all stakeholders.
Topics: Lease Accounting
NAR and the Institute of Real Estate Management (IREM) sent an industry coalition letter to Acting Federal Housing Administration (FHA) Commissioner asking the agency to adopt a private transfer fee rule in harmony with the final rule recently adopted by the Federal Housing Finance Agency (FHFA).
The Obama administration is currently reviewing a controversial guidance document that it says will clarify what waters of the U.S. are under federal jurisdiction.
NAR has signed on to a letter that urges Congress to make changes to legislation that places severe restrictions on government employee attendance at meetings and conferences, including those held by trade associations. NAR is encouraging state and local associations to sign the letter as well.
In yet another strong signal the housing market is on the way to recovery, the 2012 NAR Member Profile shows Realtor® income and business is growing after years of decline. The median income for Realtors® grew 2.3 percent to $34,900 in 2011, the first overall gain in nine years.
On May 31, 2012, the National Flood Insurance Program is once again set to expire. Since 2008, the NFIP has been extended 17 times, and allowed to expire twice.
On April 26th, the House passed the Cyber Intelligence Sharing and Protection Act (CISPA.) The legislation would allow the government to relay cyber threat information to a company to prevent cyber attacks.
Topics: Data Privacy and Security
Last week, the House Committee on Veterans' Affairs passed H.R. 4482, which would make VA ARM and hyrid ARM products permanent. Adjustable Rate Mortgages (ARMs) are especially useful loan products for active duty military.
Topics: Mortgage Acts and Practices