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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.

April 12, 2013
Growing student debt will impact the ability of consumers to access mortgage credit, particularly first time homebuyers.
April 5, 2013
On March 29, FEMA released information on changes to the policies and rates of the National Flood Insurance Program. Highlights of the changes, required under the Biggert-Waters Flood Insurance Reform Bill that passed in 2012, include revised premium rates, a new Reserve Fund assessment, updated rates for non-primary residences, exclusion of certain properties from receiving subsidized premium rates and no extesnions of subsidy to new policies or lapsed policies.
March 29, 2013
NAR and other industry groups' letter to the Senate supporting proposed 2014 budget amendment S. 336, the Marketplace Fairness Act.
March 22, 2013
Last week Congress passed the Continuing Resolution, which funds the government for remainder of the fiscal year.
March 15, 2013
On Friday, March 15, 2013, NAR submitted comments to the Internal Revenue Service in connection with proposed regulations published on January 2, 2013, interpreting the Shared Responsibility for Employers Regarding Health Coverage requirements of the Patient Protection and Affordable Care Act.

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