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Summary of New Qualified Mortgage (QM) Rule

Executive Summary

NAR has been actively involved in shaping the debate and structure of the Qualified Mortgage (QM) Rule issued by the Consumer Financial Protection Bureau (CFPB) created by the Dodd-Frank Reform Act.  NAR achieved a significant victory in obtaining a safe harbor in the QM rule for loans underwritten to the automated standards of Fannie Mae/Freddie Mac, the Federal Housing Authority, Veterans Administration and Rural Housing Service (within their respective loan limits) for up to seven years. 

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On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan....

Members who did not complete required Code of Ethics training before Dec. 31, 2012, will be suspended. Suspended members have until March 1, 2013, to complete...

NAR and Google have published a study on the role of digital media in home buying and selling, which you can use to help focus your marketing efforts.

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Missed the Deadline?

Missed the Deadline?

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Members who did not complete required Code of Ethics training before the Dec. 31, 2012, deadline will be suspended from membership by their local boards. While suspended, you can still access Realtor.org to satisfy your training, but other membership services and privileges are affected.

Suspended members have until March 1, 2013, to complete training before their membership is automatically terminated. For more information, contact your local board.

NAR offers online training courses for new and existing members.

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REALTOR® TV

Protecting Real Estate in Fiscal Cliff Legislation

Steve Brown thanks REALTORS® for a job well done in the most recent call for action.