Regulators Propose to Delay New Closing Rules; Nevada and Eminent Domain; REALTORs® and Independent Contractors
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| From the Nation’s Capital |
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| Regulators Propose to Delay New Closing Rules |
| The REALTOR® Party is welcoming a proposed delay in new disclosure requirements for real estate closings. The Consumer Finance Protection Board is proposing to give lenders and others involved in real estate closings a little more time to gear up for the new rules. While new the date is not final, the Aug. 1 effective date could be moved to Oct. 3. |
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| Number of self-employed workers in the United States (according to the Bureau of Labor Statistics), and most of them are independent contractors. NAR’s latest “Hot Topic Alert” discusses the differences between employees and independent contractors – a distinction important to real estate companies when it comes to taxes and the cost of doing business. |
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| Average length of time it took to sell a house, according to the latest REALTORS® Confidence Survey, where REALTORS® were asked how long it took to sell their last listing. Properties typically sold within 30 days in Colorado, the District of Columbia, California, Texas, Oregon, Washington, Idaho, North Dakota, Kansas and Texas… |
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Number of home sales to military families per month since the Hopkinsville Christian & Todd County Association of REALTORS® hosted a Military Appreciation Picnic to introduce military families from nearby Fort Campbell to the housing opportunities in their small Kentucky town.
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| Nevada Becomes Fourth State to Ban Use of Eminent Domain to Seize Underwater Mortgages |
| The REALTORS® of Nevada, one of the states hardest hit by the foreclosure crisis, joined Alabama, Maryland and Louisiana, in amending their state constitutions to ban the use of eminent domain to seize underwater mortgages. The Nevada Association’s success at the state level will prevent this infringement on property rights from coming up in local governments throughout the state… |
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| Resources & Opportunities |
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| Check Out the Voice For Real Estate Roundup! |
| A state court ruling on independent contractors, net neutrality and Chinese buyers getting into the housing market are among the stories features in NAR’s latest bi-weekly video roundup of news about the industry and your business. |
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| Have You Gotten Our Text Messages? |
| More than 50,000 REALTORS® from across the country have already signed up for REALTOR® Party Mobile Alerts - have you? Text REALTORS® to 30644 to sign up! You’ll be among the first to know about NAR Calls for Action and more! |
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| Get the Scoop on State Issues that Affect Your Bottom Line |
| Check out the REALTOR® Party State Issue Tracker for the latest on issues that affect your business. Foreclosure alternatives; broker lien laws; license reciprocity and property taxes are among the many topics covered in this extensive database available only to NAR members. |
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| Check out the “Spaces to Places” Blog |
| Plazas, walkways, sidewalks, gardens, roofless buildings – all places to gather and enjoy – and candidates for Placemaking Projects. Learn about it all at NAR’s “Spaces to Places” Blog. |
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Send us examples of how your association put NAR’s REALTOR® Party resources to work to implement a successful advocacy or community outreach program. Email your stories to: realtorparty@realtors.org
See more than 100 stories documenting how REALTOR® associations around the country put REALTOR Party Resources to work at the REALTOR® Party Success Stories page. This newsletter replaces the NAR Weekly Report for this week and the second week of every month. The REALTOR® Party News will publish next on August 13, 2015. If you missed a previous edition check out the REALTOR® Party News Archive.
Headquarters: 430 North Michigan Avenue, Chicago, IL 60611
DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020 | 1-800-874-6500 |
    
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