The tough fight that the Nevada Association of REALTORS® won for a new law protecting distressed homeowners is now gaining national attention. This law (AB273) is intended to prevent banks from “double dipping” and going after home owners for mortgage payments once a settlement between the borrower and lender has been reached.
The My REALTOR® Party Initiative—introduced at the August NAR Leadership Summit in Chicago—includes programs, consultants, and grants to enable every REALTOR® association to design its own customized package of community involvement and political leadership programs.
The National Association of REALTORS®’ Public Awareness Campaign, designed to educate homeowners on the difference between a REALTOR® and a real estate practitioner who is not a REALTOR®, has been transformed into the Public Advocacy Campaign, focused on educating members and consumers about issues that affect buying, selling, and owning real estate, such as access to affordable mortgage financing, tax incentives to home ownership, overly stringent credit requirements, and cumbersome short sales and foreclosures.
"From the very beginning, I decided to take the bull by the horns,” says Karen Becker, AE of the SouthEast Minnesota Association of REALTORS® about explaining the dues-increase funding of the REALTOR® Party Initiative (RPI) to her members.
The NAR “Home Ownership Matters” bus visited the Greater Nashville Association of REALTORS® in July as seven area AEs gathered for their two-day annual “peer review” meeting. The bus has stopped at dozens of REALTOR® associations across the country, in addition to other locations, giving local association executives an opportunity to host events where they can speak out for home ownership.
Taking an innovative approach to solving the home valuation problem, the Michigan Association of REALTORS® launched its own appraisal management company.