All real estate licensees are not the same. In Colorado every real estate broker is licensed by the State, but only those licensees who are members of the National Association of REALTORS® are properly called REALTORS®. By joining the REALTOR® Association, members have agreed to subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge...
Don Flynn, who has served as CAR's CEO/CFO for the last three years, has tendered his resignation to accept an exciting key leadership position within the Move, Inc./Realtor.com industry relations organization. Don will be one of two Vice Presidents of Industry Relations, responsible for working with state and local REALTOR® associations to make sure your voices are heard by Move...
During the recent holiday break a number of members contacted NAR concerning a video they had been sent regarding changes coming to appraisals conducted for Fannie Mae transactions. The video was sent by email and usually contains the subject line “Appraisal Time Bomb.” Many of state and local association partners have received member inquiries about the video. At the end of...
On Tuesday, December 16, the Senate passed mortgage debt cancellation relief as part of a large "tax-extender" bill just before adjourning for 2014. REALTORS® across the country fought hard for this legislative victory. In Colorado alone, over 15 percent of all Colorado REALTORS® responded to NAR's Call for Action, which urged them to contact their Senators to ask for an extension...
Mortgage giants Fannie Mae and Freddie Mac have launched a program called Home Possible Advantage, a conventional mortgage with 3 percent down-payment requirement designed for low-and moderate-income borrowers. The program is expected to expand credit for qualified home buyers who may have been priced out of the market due to higher down-payment requirements. Home Possible Advantage is a conforming conventional mortgage...
On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders, but is expected to do so the week of Dec. 8. Please visit the Mortgage Debt Cancellation Relief page on realtor.org for any developments in...
Posted in NAR Annual Conference and Expo, YPN Events, YPN News, by Graham Woodon November 9, 2014 YPNers cut a rug at Generations Hall in New Orleans on Friday night during the announcement of the Networks of the Year. It seemed more than fitting that the rising young stars of real estate joined some of their older, more-experienced brethren at Generations Hall in New Orleans on...
Tell Congress: Don’t Tax “Phantom Income” on Short Sales. Congress has begun its “Lame Duck” session with a big list of unfinished business items. Number one on that list for REALTORS® is an extension of “The Mortgage Forgiveness Tax Relief Act.” This bipartisan legislation would extend an expired provision that has helped millions of distressed American families by allowing tax relief for homeowners...
The NAR Board of Directors approved the following policy statement on unmanned aerial vehicles: The National Association of REALTORS® advises members that the use of unmanned aerial vehicles for real estate marketing is currently prohibited by the Federal Aviation Administration. Such prohibited use of unmanned aerial vehicles may lead to the assessment of substantial fines and penalties. The National Association of REALTORS® supports efforts to create...
Colorado Association of REALTORS® salutes all of the men and women of the United States military who unselfishly serve or have served this country! Thank you! REALTORS® can also celebrate veterans this week as a celebration of 70 years of VA Home Loan benefits. The news release below from the National Association of REALTORS® describes the VA Home Loan history as...