After three years of strong opposition from NAR, congressional leaders, and consumer and industry groups, the six financial regulators released the final version of the long-awaited qualified residential mortgage (QRM) rule.
The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (The Corps) have issued a proposed regulation that would place more water bodies under federal authority, which would result in more property rights violations, more time consuming and expensive permits, more regulatory red tape, and less economic development in communities across the country.
On Wednesday October 29, 2014 NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on changes to the Real Estate Settlment Procedures Act (RESPA) and the Truth in Lending Act (TILA) rule. CFPB has proposed giving lenders a full day to redisclouse the loan estimate when the loan is locked in.
When it comes to political advocacy and action, brokers have significant sway over their salespeople. In fact, 40 percent of responses to NAR’s federal calls for action come through the Broker Involvement Program, an initiative designed to engage brokers and their agents more significantly in national political action.
REALTOR® Magazine to Boost Broker Content
Based in part on REALTOR® Magazine’s Young Professionals Network program, the magazine is rolling out a new Broker-to-Broker initiative at its website—articles and resources aimed directly at brokerage owners and managers. In addition to a timely content stream—which state and local associations may reprint or post on their social media channels—Broker to Broker will offer timeless ideas for sales meetings and profiles of successful brokers.