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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 Testifies for Flood Insurance Affordability Bill

November 21, 2013: 

Before a House subcommittee on Nov. 19, 2013, NAR past president Moe Veissi testified against further implementation of rate increases until FEMA can report to Congress as required by the Biggert-Waters law.

CFPB Issues RESPA/TILA Rule

November 21, 2013: 

On Wednesday Nov. 20, 2013 the CFPB issued the final RESPA/TILA rule.

Baucus Draft Hits Commercial Real Estate

November 21, 2013: 

Senate Finance Committee Chairman Max Baucus (D-MT) released a draft tax reform proposal today, which included several provisions that would affect current tax provisions for commercial real estate in a negative way.

Senators Urge FHFA Not to Change Loan Limits

October 4, 2013: 

13 Senators last week sent a letter to FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.

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.

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