The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues affecting their businesses. This monthly newsletter includes legislative and regulatory updates, news on industry trends, and the latest information on NAR activities as they affect diversified real estate firms.
The US Department of Agriculture - Rural Development (USDA) released new guidance on how to determine if an area is Rural in Character (RIC), in anticipation of the upcoming five-year periodical rural review that determines eligibility for USDA rural development programs. The last reviews were conducted in 2012-13.
HUD announced that would suspend subsidies for federally assisted housing units that did not have utilities in Puerto Rico and the Virgin Islands. The reason is because HUD requires all units to be decent, safe, and sanitary and a unit without utilities does not meet that standard.
Federal agencies announced they have eased Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) appraisal requirements for areas of Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands that have been declared major disaster areas by President Trump due to Hurricanes Harvey, Irma, and Maria.
Friday, November 3, 2017, at 12:30pm CST during the REALTORS® Conference & Expo. With the increase in popularity of real estate teams, real estate professionals are facing a variety of issues and challenges. Panelists will address worker classification, licensed versus unlicensed activity, compensation, agency, management, trends in state regulation of teams, and more.
The White House issued an Executive Order directing the Departments of Labor (DOL), Health and Human Services (HHS), and Treasury to consider changes to increase access to more affordable health insurance options for Americans, including “Association Health Plans” (AHPs).
NAR sent a letter to the Consumer Financial Protection Bureau (CFPB) commenting on its proposed rule amending the Know Before You Owe (KBYO) regulation, also known as TRID, which addresses the so-called "black hole" issue.
The Department of Interior, Bureau of Land Management announced the cancellation of a proposed withdrawal of 10 million acres of public land throughout the Intermountain West. These lands were proposed to be withdrawn as sage grouse habitat, but this massive withdrawal of public lands would have also significantly impacted the economies of communities who relied on this land.
The House Natural Resources Committee on Oct. 4 passed legislation that would make targeted improvements to the Endangered Species Act. NAR sent a letter supporting these measures.
U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county.
The federal bank regulatory agencies released an Issue Advisory on Appraiser Availability.