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The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues impacting 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.

NAR Hosts 2013 Valuation Summit

October 4, 2013: 

On Oct. 1, 2013, The National Association of REALTORS® hosted a Valuation Summit in Washington, DC.

Flood Insurance PAG Holds First Meeting

October 4, 2013: 

Earlier this past summer, NAR President Gary Thomas appointed a Presidential Advisory Group (PAG) to investigate the impacts that federal legisation passed last year to reform the National Flood Insurance Program (NFIP) will have on the real estate industry and property owners.

FHA Takes Draw From Treasury

September 27, 2013: 

On September 27th, FHA announced that it would take a $1.7 billion draw from the Treasury to meet their 30-year reserve requirement.

FHA Short Sales Policy Update

September 27, 2013: 

The Department of Housing and Urban Development (HUD) will delay its proposal to prevent dual agency agreements in FHA pre-foreclosure transactions.

Senate Committee Holds Flood Insurance Hearing

September 20, 2013: 

On Sept. 18, 2013, a Senate Banking Subcommittee held the first hearing on implementation of the Biggert-Waters Flood Insurance Reform Act.

NAR Opposes the PATH Act

September 13, 2013: 

NAR sent two letters to the House of Representatives this week urging against cosponsoring Rep. Joe Hensarling’s (R-TX) housing finance reform bill, H.R. 2767, the Protecting American Taxpayers and Homeowners (PATH) Act.

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