Law & Policy Archive

Live Webcast: Selling a Home Subject to a Reverse Mortgage

More than a million seniors have taken advantage of the federally insured reverse mortgage program to help them remain in their homes as they age since the program’s inception 25 years ago. For the most part, the listing and...
April 4, 2016

Are Renters Saying There’s Market Trouble Ahead?

When it comes to residential real estate, young households are the canary in the mineshaft. It’s a sign of market health if they’re able to find affordable houses to buy and also obtain financing. If homes aren’t available and...
March 28, 2016

Wickr, Snapchat . . . They Raise Novel Record Keeping Issues

Apps whose messages self destruct after a few seconds offer a new way to communicate with clients. For that reason, you might see an increase in the use of apps like Snapchat and Wickr in real estate. Although the...
January 28, 2016

Live Webcast: Understand Closing Process Changes

By now you’ve heard about the big changes coming to the closing table in the months ahead. Starting soon, the HUD-1 settlement form, the Good Faith Estimate, and the Truth in Lending Act disclosure are going away. They’ll be...
July 1, 2015

Housing Discrimination Doesn’t Need Intent, Supreme Court Says

Much of the country’s attention has been on the United States Supreme Court’s rulings on marriage equality and the Affordable Care Act last week, but the nation’s highest court also handed down an important housing decision that looks at...
July 1, 2015

REALTORS® Press for Relief from Patent Trolls (VIDEO)

As lawmakers on Capitol Hill consider patent-reform legislation, the National Association of REALTORS® has released a video highlighting the urgent need for action to protect real estate and other types of professionals from patent trolls—entities that purchase patents, then...
April 20, 2015

Push to Renew Mortgage Debt Forgiveness Gains Steam in Senate

An effort is under way in the Senate to renew legislation that spares underwater homeowners from having to pay income tax on mortgage debt forgiven by a lender, one of the chief supporters of the tax-relief provision told a...
February 23, 2015

State Marijuana Laws Don’t Protect Your Property

Here’s the thing about marijuana laws: Federal trumps state. So even though 23 states and the District of Columbia have legalized medicinal pot use — and four states have OK’d recreational use — the federal government still says marijuana...
November 9, 2014

About That FHA Prepayment Penalty . . .

News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their...
September 11, 2014

Under All Is the Land, But What If It’s Under Water?

If REALTORS® have struggled with the concept of environmentalism, it’s not because they don’t love the environment. Quite the contrary. I spoke to NAR President Steve Brown about it back in September 2013, as he was preparing to begin...
August 6, 2014