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Real Estate Services Update

The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues affecting their businesses. This monthly newsletter includes legislative and regulatory updates, news on industry trends, and the latest information on NAR activities as they affect diversified real estate firms.

June 12, 2015
Network Neutrality rules went into effect on June 12.  The regulations prohibit broadband providers from blocking, slowing or selling faster delivery of legal content flowing through their networks to consumers.
On June 11, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit denied petitions for a temporary stay of the Network Neutrality Rules made in separate lawsuits by AT&T Inc. and other opponents of the rules.
Opponents of the rules have challenged them in court and that process still continues.
June 4, 2015
Rule takes effect August 1; NAR will continue to work with the CFPB to minimize any possible market disruptions or uncertainty.
May 22, 2015
On May 21, 2015, the U.S. Senate Banking Committee held a "mark-up" to debate and vote on the "Financial Regulatory Improvement Act of 2015," legislation aimed at removing some regulatory barriers that are currently restricting credit availability for many Americans.
May 14, 2015
REALTORS® urge the CFPB to implement a grace period for those seeking to comply with new rules for loan closing procedures and settlement documents.
May 12, 2015
REALTORS® should prepare themselves now for the new disclosure requirements being implemented by the Consumer Financial Protection Bureau.