On Oct. 15, the long-awaited FHA Condo Rule goes into effect. Make sure your are prepared. Hear NAR staff discuss the long-awaited FHA Condo Rule, and its impact on REALTORS® and consumers. Have your questions answered by typing them into the videos comments section.
By the Numbers
Expiration date of the current Qualified Mortgage Patch. The QM patch was intended as a temporary measure to prevent turmoil in the mortgage and real estate market after the Consumer Financial Protection Bureau (CFPB) implemented the Ability to Repay rule. NAR is calling on the CFPB to improve the Qualified Mortgage definition and patch while supporting an extension before a long-term solution is secured.
NAR’s booth number during the 2019 REALTORS® Conference & Expo in San Francisco. Learn about exclusive member tools, offers, and products from NAR and its family of resources and Affiliates, and have an opportunity to meet Billie Jean King in the NAR Booth on Saturday, November 9, 1:00 – 3:00 pm, where you’ll take home a custom tennis ball!
Amount of money the REALTORS® Relief Foundation has collected since it launched in 2001, following the 9/11 attacks. Since then RRF has provided aid for some 80 disasters in 39 states and territories, helping more than 13,000 families. Every dollar donated goes directly to victims of disaster. NAR covers 100% of administrative expenses.
Date that the latest continuing resolution extended federal funding of the National Flood Insurance Program and other federal programs. On September 26, the Senate joined the House in voting to pass this funding extension 82-15. This is the 13th extension of the program since 2017 when its most recent long-term authorization expired.
The REALTOR® Party At Work
Highlighted here are a few of the many REALTOR® Party success stories across the nation. These and others are cataloged in the Success Stories section on REALTORParty.realtor.
North Carolina REALTORS®’ Advocacy Spurs New Legislation for Small Business and Association Health Care Coverage
North Carolina REALTORS® staff knew that finding adequate, affordable health insurance was a challenge for the state’s small businesses and associations; discovering that as many as 6,000 of the state’s REALTORS® were not covered lent a real sense of urgency to their advocacy efforts.
Santa Fe, like many communities across the country, is experiencing a serious workforce housing crunch. Using two Smart Growth Action Grants over the past ten years, the Santa Fe Association of REALTORS® is helping to spur the redevelopment of a central thoroughfare with an emphasis on form-based zoning and affordable housing.
Short-term rentals are naturally a major issue in coastal communities. When Worcester County, Maryland proposed severe restrictions in its rental code overhaul, the local REALTOR® association got to work with a Land Use Initiative review and a call for action. The County Commission heard the message loud and clear, and sent its proposal back to the drawing board.
Resources & Opportunities
Enjoy education, networking, and inspiration you won’t find at any other event. Stop by the REALTORS® Expo Hall to see Billie Jean King or more than 400 exhibitors. Be sure to participate in one of the many philanthropic events and activities. Register today!
With increased lending and consistent job creation, the housing market has regained some health, with higher home sales and a very low foreclosure rate. However, the industry today is also facing a lack of inventory. Check out these research and advocacy resources designed to help you understand issues in your community, and be part of a dialogue.
Celebrate the 50th anniversary of the REALTORS® Political Action Committee. Add a special graphic overlay to your social media profile picture (click on Add Your Photo). Then check out the map to see profile pics of your REALTOR® colleagues from across the country.
Check out the 2019 REALTOR® Party Association Resource Guide to learn about resources for community outreach, candidate and issue campaigns, RPAC and political fundraising; member and consumer mobilization; and much more. Also, review the programs and resources that qualify for the new Vote, Act and Invest Core Standards’ requirements.