IN THIS ISSUE
INDUSTRY NEWS AND EVENTS
- Headline News
- Education Just for Commercial Members at NAR Meeting
- Plan now to Attend the 2007 RCA CoNEx Dinner
PUBLIC POLICY UPDATES
- House Subcommittee Reauthorizes Terrorism Insurance Bill
- Tax Change Would Cut Partnership Profits
RESEARCH, RESOURCES, LEGAL
- Summer RCA Report Posted Online
- Study: Impacts and Outcomes of Derivatives
- Free Web Site Banners Promo Using a REALTOR® for Commercial Deals
- On Common Ground: Open Spaces, Green Building
- Premises Liability Top Concern of Property Managers
AFFILIATE NEWS
- Plan Now to Attend CCIM/IREM Success Series 2007 Conference
- SIOR Fall Professional Conference Registration Now Open
INDUSTRY NEWS AND EVENTS
HEADLINE NEWS
Headline News.
EDUCATION JUST FOR COMMERCIAL MEMBERS AT NAR MEETING
Think there's nothing you can learn from the upcoming National Association of REALTORS®' Conference & Expo in Las Vegas, Nov. 13-16? Think again. Whether your need to know is the latest on Due Diligence and Appraisal Issues, the ins and outs of Referrals and License Portability, Demystifying Commercial
Compensation,
or The 4 Measurements of Real Estate Investments (ticketed event), you'll find the expert insights you're looking for in this year's commercial education sessions. For a day-by-day lineup of events for commercial practitioners, visit the commercial events page of the conference Web site.
PLAN NOW TO ATTEND THE 2007 RCA CONEX DINNER
Network, brainstorm, and build relationships with other commercial real estate
professionals at this event hosted by the REALTORS® Commercial Alliance, Nov. 14 in Las Vegas during the NAR Annual Conference and Expo. $135 for members, $145 for all others. Purchase a ticket for Commercial Networking Exchange on NAR's Conference Web site once you have registered for the convention. For more info, contact: Rebecca Vesconte, 888-648-8321, or visit the RCA webpage.
PUBLIC POLICY UPDATES
HOUSE SUBCOMMITTEE REAUTHORIZES TERRORISM INSURANCE BILL
Early this month, the House Financial Services Committee voted to extend the federal government's terrorism risk insurance program for another 15 years. The present program is set to expire at the end of this year. The passage of H.R. 2761 would help maintain a strong commercial real estate market and the health of the nation's economy by ensuring that terrorism insurance coverage is both available and affordable, according to the National Association of REALTORS®. NAR commended the passage of a
reauthorization bill and called for a quick Senate vote when Congress returns to session. For more, visit this webpage.
TAX CHANGE WOULD CUT PARTNERSHIP PROFITS
A proposed tax law change could have an adverse impact on the income of general, or operating, partners in most real estate partnerships. The bill, H.R. 2834, would eliminate the currently favorable tax treatment for certain types of carried interest. NAR is
working to ensure that real estate partnerships are exempt from any new rule modifying the treatment of carried interest as capital gains. Read more.
RESEARCH, RESOURCES, LEGAL
SUMMER RCA REPORT POSTED ONLINE
Download the summer 2007 REALTORS® Commercial Alliance Report in PDF today from REALTOR.org. This issue includes a report on a proposed tax law change that would hurt profits for commercial practitioners, advice on positioning your multifamily property to appeal to the renters of tomorrow, highlights of the November REALTORS® Conference & Expo, plus industry and legislative updates. Access it here.
STUDY: IMPACTS AND OUTCOMES OF
DERIVATIVES
Thanks to the development of several new indexes to track commercial property performance, investors will soon be able to purchase derivatives based on commercial real estate, according to a white paper from the REALTORS® Commercial Alliance. Before derivatives, commercial property investors had no way to manage risk in their commercial real estate portfolios without actually transacting in the physical market, the report states. Read more.
FREE WEB SITE
BANNERS PROMO USING A REALTOR® FOR COMMERCIAL DEALS
Download banners for your Web site to encourage your prospective clients to use a REALTOR® in commercial transactions. These banners are part of NAR's Public Awareness Campaign. To see all the ways NAR is promoting commercial members to the public, click here.
ON COMMON GROUND: OPEN SPACES, GREEN BUILDING
The summer 2007 edition of On Common Ground features articles on open
space preservation, transportation, and green building, among others. Get the latest edition of NAR's twice yearly magazine devoted to smart growth issues and the ways that REALTORS® are getting involved in shaping their communities at:
the Smart Growth webpage.
PREMISES LIABILITY TOP CONCERN OF PROPERTY MANAGERS
Premises liability--particularly slip-and-fall accidents and conditions of a tenant's property--topped the list of liability concerns for the real estate managers responding to NAR's 2007 Legal Scan survey real estate management legal issues. The biannual Scan tracks legal cases and damage awards in the real estate industry and surveys practitioners on the lawsuits they're
concerned about. This was the first time that the Scan has treated management concerns as a separate category from residential real estate issues. View the scan. (Login required)
AFFILIATE NEWS
PLAN NOW TO ATTEND CCIM/IREM SUCCESS SERIES 2007 CONFERENCE
From financial analysis to presentation skills, this two-day conference, Oct. 19-20, brings you up to date on trends and puts you out ahead with new skills. Network with more than 1,000 prospective business partners, forge deals, build relationships, and make money while enjoying the beauty and excitement of San Antonio. For early bird registration (through Sept. 5), click here.
SIOR FALL PROFESSIONAL CONFERENCE
REGISTRATION NOW OPEN
The Society of Industrial and Office REALTORS® will hold its 2007 educational and networking conference in St. Louis, Nov. 8-10. Just one of the highlights is a presentation on the commercial outlook from Dr. Peter Linneman of the Wharton School. For more information on courses, special events, and exhibitors, visit: SIOR.
Report compiled by Bobbie Albrecht, balbrecht@realtors.org, 312/329-8464.
QUESTIONS on this report? Visit the INS FAQ and online feedback area on REALTOR.org. Click here.
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