Volume 6, Issue 14:  June 7, 2013

SIGN UP TODAY! LEGISLATIVE ACTION DAY IS JUNE 18 AT LEGISLATIVE HALL: Please join us at Legislative Hall on Tuesday, June 18th beginning at 11:30 a.m. for DAR's Annual Legislative Action Day.  Join REALTORS® from across the state and hear from leaders in both the House and Senate about key issues that affect your business.  After lunch you can meet individually with your local representatives and let them know how issues they are considering impact you, your clients and your community. Be sure to arrive early to clear security and remember to bring a picture ID.  To RSVP or for more information, please contact Maria Evans at Maria@delawarerealtor.com or 734-4444. We will be in the 2nd floor House Hearing Room and are limited to the first 50 due to room size.

DSHA Announces First Time Homebuyer Tax Credit:  The Delaware First-Time Homebuyer Tax Credit provides a federal tax credit of up to $2,000 a year for as long as the homebuyer occupies the home and has a mortgage.  You can read more about this program HERE.

Legislation of Interest:

HS 1 for HB 120:  This bill will not be in Committee before the end of the session:  Synopsis: This Act requires auctioneer and auction firm licensing and creates a commission to license auctioneers and auction firms and to oversee their activities. You can read HS 1 for HB 120 HERE.

HS 1 for HB 28:  This bill passed the House 40 - 0 and is assigned to the Senate Judiciary Committee: This bill makes it a crime to operate or attempt to operate a clandestine laboratory defined as any location on or in which a person assembles any chemicals or equipment which are intended to be used to or have been used to unlawfully manufacture a controlled substance or other substance in violation of the Uniform Controlled Substance Act.  Any person convicted would also be responsible for all reasonable costs associated with remediation of the site and any other site resulting from the operation or disposal of substances or materials from a clandestine laboratory. This act is modeled after similar laws from Pennsylvania and West Virginia. Read HS 1 for HB 28 HERE.

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Federal News In Case You Missed It:

Take Presidential Advisory Group Survey:
  NAR President Gary Thomas recently appointed a Presidential Advisory Group (PAG) on Membership Issues and Value focused on commercial practitioners to get a better picture of the services they need and the benefits they want.  All association executives are asked to complete this 5-minute survey to provide feedback on existing services and benefits, barriers to membership, and local association needs.  Thank you for helping the PAG get off to a strong start. Deadline is Thursday, June 13, at 9 a.m., Central Time.

Patent Troll Making Rounds on Multifunction Copiers:   NAR members around the country have been hit with letters demanding payment of a patent licensing fee for sending documents via e-mail from a multifunction copier machine. The companies demanding the fee are linked to a parent company that fits the definition of a patent troll, a company whose business model is based on extracting fees for patents it holds on certain processes. You and your members can learn more about the situation and how to respond in an article and audio podcast prepared by NAR Legal Affairs.

Pending Sales Index at Three-Year High: NAR's forward-looking pending home sales index for April rose 0.3 percent to 106.0 from the previous month, the highest level in three years. "The housing market continues to squeak out gains from already very positive conditions," NAR Chief Economist Lawrence Yun says. "Pending contracts so far this year easily correspond to higher closed home sales in 2013." Total existing-home sales are expected to rise just over 7 percent to about 5 million this year. Press
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