Voice for Real Estate 92: Remote Notarization, Election Results and the 2018 REALTORS® Conference & Expo

NAR is laying the groundwork to make remote notarization a reality throughout the United States. Information on the midterm elections is available through two NSR webcasts. The first was broadcast live on election night to show how REALTOR® champions running for office were doing around the country, and the second features NAR's SVP of government affairs explaining what will happen to REALTOR® priorities in the new Congress. Also, learn how to apply tax law changes enacted in 2017. And learn about two ethics policy changes NAR approved at its Board of Directors meeting at the end of the 2018 REALTORS® Conference & Expo in Boston.

Video Transcript

Remote notarization could be coming to you

Big wins by Realtors in the midterms

Also, your business and the new tax law. Do you need help?

These stories and more on The Voice for Real Estate

Hi, I’m Stephen Gasque with the National Association of Realtors.

Remote notarization could be a reality in the not-too-distant future. Remote notarization promises a more accessible, streamlined, and verifiable way to have transactions notarized….faster and more efficient, than having a notary public do the job in person.  At its meeting in Boston earlier this month, The NAR Board of Directors adopted a policy to support the development of remote notarization technology. However, there’s a lot of work ahead done before it becomes a reality across the America. Here’s NAR’s Melanie Wyne on what needs to happen before you have access—to 24/7 electronic notary services.

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We’ll keep you updated as progress is made, in the cutting edge field of remote notarization.

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The midterm elections were a big night for America—and for REALTORS®. Hundreds of REALTOR®-supported candidates won their races at the local, state, and federal levels, including Larry Hogan, a real estate broker who won reelection as Maryland governor, and Joyce Beatty, a Realtor champion who won reelection in the 3rd district of Ohio.

In all, the association supported more than 250 candidates in state and local races and more than 60 at the federal level through REALTOR® Party independent expenditures and opportunity race programs. Almost 60 candidates were REALTORS®, too. Among them is Dale Washburn, a real estate veteran who was elected for the first time to the Georgia state assembly.

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NAR followed the elections throughout the night in a Facebook Live webcast that you can access to get a taste of the excitement as the hard work of Realtors paid off with election victories.

Also, you can learn what the election means for housing markets, commercial real estate, and private property rights in another Facebook Live webcast that aired the day after the election. NAR Senior Vice President of Government Affairs Shannon McGahn and political consultant Doug Sosnick were joined by NAR policy analysts in the webcast to discuss what comes next on Realtors’ legislative agenda.

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If you’d like to see the election night webcast, or the day-after analysis, you can find both videos on realtorparty.realtor.

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The year is winding down so its time to be thinking about your 2018 taxes. Things will be different this time around, as you apply the big changes enacted last year in the new Tax Law. To help you, NAR has produced a series of videos that walk you through what you need to know, including the new 20 percent business income deduction that may very well save you a lot of money.

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The videos are divided up into more than a dozen segments so you can go to just the topic you’re interested in.

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Did you catch the 2018 REALTORS® Conference & Expo in Boston earlier this month? 20,000 Realtors and guests were there for more than a hundred education sessions and the real estate industry’s largest trade expo, with more than 400 exhibitors. REALTORS® learned ways to build their business, increase their income, and use the newest cutting edge technologies as well.

The conference closed out with the NAR Board of Directors meeting. As we mentioned earlier, the Board took steps to bring remote notarization closer to reality. The board also made other decisions that impact how you do business. Among them were two that involve ethics complaints.

First, REALTOR® associations are now allowed to continue processing ethics complaints even when the case results in a criminal investigation. Before the change, associations were required to put their own hearings into the matter on hold. Now they don’t have to.

And second, MLS policies were amended to reinforce cooperation among brokers when it comes to certifying that an offer was presented. The policies let associations impose disciplinary action against listing brokers if they don’t confirm that an offer was presented or that the seller didn’t want the offer presented—if the buyer rep requests that confirmation in writing.

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And that’s our show for the week of November 19. All of us at NAR wish you and your family a wonderful Thanksgiving Day holiday. You can get more on everything we talked about today at The Voice for Real Estate page on nar.realtor. Thank you for joining us and be sure to join us again when we bring you the latest news on The Voice for Real Estate.

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