Regulators Propose to Delay New Closing Rules; Nevada and Eminent Domain; Employees vs. Independent Contractors
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July 9, 2015
From the Nation’s Capital
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.
By The Numbers
14.4 Million
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.
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.
Home Sales
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.
Success Stories
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 of the REALTOR® Action Center.
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 constitution 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…
REad More
Coastal Carolinas Association (SC) Gets Around Sign Ordinances With Interactive App to Promote Open Houses
The Coastal Carolinas Association of REALTORS®, serving 72 miles of coastal communities,was bumping up against strict sign ordinances as they attempted to promote their open houses.  Then, the association came up with an ingenious idea – a new interactive app showing users how to get to open houses and connecting them to listing agents
REad More
Hopkinsville (KY) REALTORS® Introduce Military Families to Housing Opportunities in Their Small Town
With the help of a Housing Opportunity Grant, the 64-member Hopkinsville Christian & Todd County Association of REALTORS® hosted a fun-filled Military Appreciation Picnic to showcase the housing opportunities in their small town.  More than 700 military family members from nearby Fort Campbell attended...
REad More
Resources & Opportunities
PACTion! Offers Online Auction Tool for State & Local Associations
Take your RPAC auction to another level with PACTion!, a new online auction tool for state and local REALTOR® associations.  This customizable platform handles online bidding and simplified check in/out stations linked to your association’s bank account.
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.
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!
REALTOR® Party Association Resources Are All in the Guide
Check out the 2015 REALTOR® Party Association Resource Guide.  Get brief descriptions of each REALTOR® Party Association Resource including grants, campaign tools, polling services, toolkits and more.  It’s all available for you to download as a PDF.
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.
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. 
You’ll Look Great in Your REALTOR® Party Summer Wear!
Order REALTOR® Party t-shirts, sunglasses, beverage napkins, coffee cups, fans, bumper stickers, Vote/Act/Invest pins and balloons and more from the REALTOR® Team Store.

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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:

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.

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