NAR Reaffirms Support of Project Upstream
The NAR Board of Directors voted to continue its support of Upstream, the technology developed to give brokers and agents a better way to manage their listing data and direct its distribution to MLSs, vendors, and third-party listing aggregators.
Spearheaded by the broker-run UpstreamRE LLC, the technology has been successfully demonstrated by RMLS, a REALTOR® owned MLS operating in the Portland, Ore., area. Several other demonstrations are planned for this summer with brokers and MLSs around the country.
In comments to the Board, Upstream Chairman Dan Elsea likened Upstream to technologies that exist in other industries, including ATPCO, the source of airline fare-related data. Elsea heads one of the nation's largest independent brokerages, Real Estate One, but said Upstream will benefit large and small brokerages alike.
10.14.16 – LARA and Attorney General Partner in Tracking Unlicensed Real Estate Practitioners
Effective immediately, the Department of Licensing and Regulatory Affairs (LARA) is announcing its partnership with Attorney General Bill Schuette in stepping up enforcement against unlicensed real estate practitioners. For the past several months, Michigan Realtors® have led discussions with both departments about this important initiative to deal with the rise in unlicensed real estate activity.
This is an extraordinary opportunity to hold accountable those who unlawfully practice real estate. This new partnership aims to keep consumers safe, and will investigate and prosecute unlicensed individuals.
Below is the information where members and consumers may submit their complaints of unlicensed activity:
Consumer Complaint - Online Form
Consumer Complaint - PDF Form
Toll Free Consumer Hotline: 877-765-8388
Local Consumer Number: 517-373-1140
6.14.16 - NAR Call to Action: Tell Congress to Expand FHA Condo Financing – Support H.R. 3700!
Last month, the U.S. House of Representatives passed H.R. 3700, the “Housing Opportunity Through Modernization Act”, by a remarkable unanimous vote of 427-0. This important, widely supported legislation will expand housing opportunities for first-time homebuyers and low-income rental housing residents, ease restrictions on existing homeowners and landlords, streamline rural housing programs, and save taxpayers money.
While H.R. 3700 passed the U.S. House unanimously, it has failed to come up for a vote in the U.S. Senate. This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:
• Removing a burdensome and expensive FHA Condo approval process
• Reducing FHA restrictions on the number of condos available to homebuyers
• Permanently streamlining Rural Housing Service loan processing
In addition to the above relief, H.R. 3700 contains a number of provisions that will ease restrictions on the purchase of condominiums. Today, less than 10% of condominiums nationwide are eligible for purchase with FHA mortgage insurance. This leaves first-time homebuyers, urban dwellers, and seniors wanting to downsize without access to what is often the most affordable homeownership option. H.R. 3700 makes common sense adjustments to these burdensome restrictions, will expand housing opportunities, and will protect taxpayers.
While H.R. 3700 passed the U.S. House 427-0 with NO OBJECTIONS, it has failed to come up for a vote in the U.S. Senate.
10.13.16 – 2016 General Election Endorsements
With a tremendous effort from local associations and the RPAC Trustees Committee, below is the 2016 Michigan Realtors® list of Endorsed Candidates for the General Election.
A big thank you to all of our members who volunteer their time and efforts in this year’s endorsement process. It greatly assists in fostering relationships between elected officials and the real estate industry. Remember to vote on Tuesday, November 8th!
November 8th Michigan General Election - Endorsements List