E-News
New York State Association of REALTORS
July 9, 2013
REALTOR NEWS
The Biggert-Waters Flood Insurance Reform Act of
2012 reauthorized the National Flood Insurance Program for an additional five years. The act implements changes to the federal subsidy of flood
insurance, resulting in increases in the premiums to be charged for flood
insurance coverage. NAR has issued guidance to assist brokers and agents in marketing homes in areas where the insurance may be required or be prudent.
CoreLogic's just-released May Home Price Index report found that home prices nationwide, including distressed sales, increased 12.2
percent on a year-over-year basis in May 2013 compared to May 2012. The price increase marks the greatest year-over-year change since February 2006 and the 15th consecutive month of price growth, according to the index.
Click here to learn more.
While property rights are generally a state issue, the federal recognition of marriage for gay couples will have a significant impact on homeowners, according to an article published by the National Association of REALTORS. The U.S. Supreme Court struck down provisions of the Defense of Marriage Act and that action will make married same-sex couples in 13 states and the District of Columbia eligible for more than 1,100 federal benefits and protections that had been previously denied.
GOVERNMENT AFFAIRS
Please take note that a federal "Call for
Action" will be going out to all members this week to encourage the Senate to
include important housing provisions as they consider their "Blank Slate"
approach to tax reform. The "blank slate" tax legislation means that as
a starting point all tax expenditures, such as the mortgage interest deduction and the capital gains exemption, are removed from the tax code. Senators will have to
request tax expenditures be added to the reform legislation. NAR will be taking the lead in ensuring that each of those tax provisions is defended and your response to the CFA is vital to the effort.
Gov. Andrew Cuomo has announced the formation of
the "Commission to Investigate Public Corruption," established under the
Moreland Act and Executive Law, to probe "systemic public corruption and the
appearance of such corruption in state government, political campaigns and
elections in New York State."
Click here to learn more.
LEGAL
The Tuesday, July 16, NYSAR Radio show will cover disclosures
other than agency. Tune in at 10 a.m. on July 16 on your PC or Mac by using the player on the NYSAR Radio page. You will need to be logged in
to listen. If you have not yet created your account with the
website, you will need to click on "New User" on the Member Login
page and follow the prompts.
Click here for more information as
well as a list of links to play NYSAR Radio from any of your mobile devices.
Get involved and help guide the future of your state association
by signing up for 2014 committee service. Committee sign up will be available
online only between July 1 and July 31 at NYSAR.com.
Click here to learn more and to sign up.
UPCOMING EVENTS
REALTOR Institute RI 407 - "Building Your Real Estate Practice" - will be offered at the Dutchess County Association of REALTORS in Poughkeepsie, NY on July 31. This course will increase your productivity, help you retain more of your income and reduce your risk with tips from the nation's top producers.
Click here for more information or to register.
MEMBER PERKS
NYSAR's
partnership with UPS gives you access to exclusive shipping discounts – up to
30 percent! Enroll today to start saving on every package you send. Visit http://www.savewithups.com/nysaror call 800-325-7000 to enroll.
NYSAR's
health insurance plans, administered by USI Affinity and underwritten by MVP
Health Care, offer members four cost-effective, comprehensive plan options all
with prescription drug coverage, a nationwide provider network, flexible care
with no referrals and much more. Don't wait, review plan options and get your
customized quote today.Visit www.myrealtorinsurance.com/nysar or call
888.834.3713 x18626 to speak with Ned Cox, NYSAR's dedicated benefits
counselor.
RPAC
Summer has finally arrived and this jumbo round pool float is perfect for a little "me time" in the pool. Millions of buoyant microbeads surround you with cloud-like support, while the all-weather Sunbrella fabric keeps its cool in direct sunlight. You can lie back, relax, and enjoy comfortable, even support knowing that you supported RPAC. The starting bid is $100 and bidding closes July 23.
Join your colleagues
from across the Metro region for an elite RPAC experience at Modell’s Clubhouse
at Citi Field for the New York Mets vs. Washington Nationals Game on Tuesday,
September 10. The RPAC experience at Modell’s includes your ticket, access to
the Modell's Clubhouse, the "ballpark" buffet and complimentary beer,
wine and soft drinks. *This RPAC event is open to the members of NYSAR’s Metropolitan Region
including: Bronx-Manhattan, Brooklyn, Long Island, Manhattan & Staten
Island.
For complete details and
registration instructions, click here.
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