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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 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.

February 27, 2015
On Feb. 26, 2015, the U.S. House Subcommittee on Commerce, Manufacturing and Trade held a hearing titled “Update: Patent Demand Letter Practices and Solutions.” Vince Malta, NAR’s 2015 Liaison for Law and Policy, testified on behalf of NAR and the United for Patent Reform Coalition, a diverse group of American businesses committed to curbing patent abuses.
February 6, 2015
On Tuesday, Feb. 3, 2015, H.R. 685 "The Mortgage Choice Act" was introduced in the House of Representatives.
February 6, 2015
On Feb. 5, 2014, U.S. House Judiciary Chairman Bob Goodlatte (R-VA), re-introduced the Innovation Act — the same patent reform legislation that passed in 2013.
February 6, 2015
On Feb. 4, 2015, Fannie Mae released Lender Letter 2015-02 to provide clarifications and additional information about Collateral Underwriter, Appraiser Quality Monitoring (AQM) and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.
February 4, 2015
Watch a new video that outlines the options available to an entity that receives a demand letter requesting payment of a licensing fee from a non-practicing entity, or "patent troll."

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