Voice for Real Estate 46: Board of Directors, Hill Visits

Voice for Real Estate 46: Board of Directors, Hill Visits


NAR’s 2016 Legislative Meetings and Trade
Expo bring Realtors from across America – to Capitol Hill
Thousands of those Realtors take to Capitol Hill on a rain-swept day – to talk Real Estate
with Congress! These stories and more – on the Voice for
Real Estate! Hi, I’m Stephen Gasque, with the National
Association of Realtors! What a week…for Realtors in the Nation’s
Capitol! Thousands of Realtors came to Washington last
week, for NAR’s 2016 Legislative Meetings and Trade Expo. First – the legislative meetings! Realtors crossed capitol hill, meeting with
members of the house and senate…telling them home ownership, should stay a priority
on Capitol Hill. Among the issues they tackled – tax reform! Flood Insurance, and 1031 like-kind exchanges. Also, Realtors, Associations and their leadership
members met all; week, to talk issues that matter to their hometowns, their states – and
their businesses. Many of them also attended the Trade Expo,
which features hundreds of sponsors – helping Realtors build
their business. From major brokerages, to mortgage lenders,
to the benefits and services to Realtors mapped
out in the NAR Pavilion, it was a packed – and exciting
scene, on the Expo floor. [SWOOSH]
At the meetings were some of our country’s most
influential voices in Washington, including Julian Castro,
secretary of the U.S. Department of Housing and Urban
Development. The secretary announced upcoming rule
changes that could make FHA-backed financing for
condominiums easier to obtain. Also at the conference? Sen. Elizabeth Warren of Massachusetts. She came
before Realtors to discuss what she sees as a growing
threat to home ownership and to the economy. [QUOTE]
As the week-long meeting wrapped up, the NAR Board of
Directors made important decisions. The board adopted a
policy supporting legislation that would allow borrowers to
refinance their student loan debt at lower interest rates,
something they can’t do today. They also directed NAR to
work with the lending community to standardize how
student loan debt is handled in the mortgage underwriting
process, to ensure that the way it’s handed does not hurt
home ownership. [SWOOSH]
The Board of Directors also acted on MLS rules addressing copyright issues. The goal is to alert brokers
and agents about the growing legal threat they face if they
use photos and other listing data without authorization. And in an action important to state and local
associations, the Board added to the core standards initiative
NAR launched last year. As you might know, the core standards
initiative is intended to help associations become better
resources for their members. The changes will help them
do that by ensuring associations meet certain new
requirements on safety, professional development, and
community involvement. The Board also continued the $35 special assessment
for the consumer advertising campaign for three
years. Results of a member survey showed that 87%
of Realtors favor NAR’s advertising program and 88% would
like to see even more advertising that advances the
Realtor profession. [SWOOSH]
And that’s our show for the week of May 16. Thank you for
joining us – and if you were in Washington last week, thank
you for coming to capitol hill, to fight for homeownership
issues in the House and Senate! You can learn more about everything we talked
about today on the Voice for Real Estate Page – on
Realtor .org. And we hope to see you again soon, as we bring
you the latest news – on the VRE.

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