REALTORS® of South Central Kansas Logo

REALTORS® of South Central Kansas News

National Association of REALTORS® News

Tuesday, June 21 2016 9:41 AM
Categorized In REALTORS®
  • Uh-Oh, New Home Construction Is Flatlining…Nationwide housing starts – including single-family and multifamily production – mostly held flat at a seasonally adjusted annual rate of 1.16 million in May. Permit issuance – a gauge of future construction – also held mostly flat at an annual rate of 1.14 million.  Read More

  • 7 Sins of Personal Branding…Correct these mistakes to hone in on your brand statement and attract the ideal customer.  What is a “personal brand”? Just like company or product branding, it’s built around imaging and messaging that is designed to create a feeling. Your personal brand influences how you want others to feel about you.  Read More

  • 9 Tax Deductions Every Real Estate Agent Should Know…Closing a real estate sale requires a big investment of your time and money. Whether expenses are business, personal, or something in between can be unclear — leading to missed deductions and overpayment of taxes.  Read More

  • The Threat of Wire Fraud Is Real…When NAR General Counsel Katie Johnson asked a group of real estate professionals whether they or someone they knew had clients that were victims of wire fraud, more than one-third of the audience at the Idea Exchange Council for Brokers raised their hands.  Read More

Broker Council Update

Friday, June 17 2016 11:33 AM
Categorized In REALTORS®
Kansas Real Estate Commission Executive Director Erik Wisner provided a thorough update on various activities occurring at KREC to the RSCK Broker Council.  He covered a multitude of topics, including legislation, technology, staffing and broker responsibilities and compliance. Erik and Sue also drew two business cards from those in attendance and Patty Sanders presented each with a $100 gift card. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Erik Wisner, Sue Wenger, Patty Sanders, & Jerry Vadnais 
 
 

National Association of REALTORS® News

Friday, June 17 2016 11:00 AM
Categorized In REALTORS®
  • Call for Action on H.R. 3700...Please take action and urge the Senate to follow the House's lead by passing H.R. 3700, the "Housing Opportunity Through Modernization Act of 2016." The bill makes needed reforms to the FHA condominium loan program, federal assisted housing programs and Rural Housing Service loan programs. Letter to Senate.
  • House Examines Banking Rules...NAR expressed its support for a hearing the House Small Business Committee held June 9 to examine the burden the Dodd-Frank banking regulations have placed on small banks and rural communities. During the hearing, representatives of community banks testified that the increase in compliance requirements has impacted their ability make lending decisions based on creditworthiness. More
  • Live webcast: Preparing Now for Tax Time...You can hear from, and ask questions of, two accountants who work extensively with real estate clients on what to do throughout the year to maximize their tax position in a live webcast on Thursday, June 23, 2-3 p.m., Eastern time. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., Rockville, Md. Registration link.
  • Tell Lenders Sharing Closing Disclosure is OK, NAR Urges CFPB...NAR is asking the Consumer Financial Protection Bureau (CFPB) to make clear to lenders that they may share the Closing Disclosure (CD) with real estate professionals and other third parties as long as the borrower provides consent. In a letter to the CFPB, NAR President Tom Salomone also asked the agency to provide lenders with additional guidance about revising the CD after sending it to the borrower and extend the deadline for correcting minor Know Before You Go errors from 30 to 180 days.

National Association of REALTORS® News

Monday, June 13 2016 4:32 AM
Categorized In REALTORS®
  • Move Inc.-Zillow Lawsuit Settled...Zillow agreed to pay $130 million to settle allegations that two of its executives stole trade secrets from Move Inc., operator of realtor.com®. "We are pleased that the parties have reached an amicable resolution," NAR President Tom Salomone said in a prepared statement. NAR was a co-plaintiff in the suit, brought in 2014 against Zillow and the two executives, both former executives of Move. Move and NAR had accused the former Move executives, Errol Samuelson and Curt Beardsley, of stealing confidential documents and breaching their fiduciary duties to the company. 

  • Live webcast: Preparing Now for Tax Time…You can hear from, and ask questions of, two accountants who work extensively with real estate clients on what to do throughout the year to maximize your tax position in a live webcast on Thursday, June 23, 2-3 p.m., Eastern time. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., Rockville, Md. Registration link.

  • Watch and Respond to NAR Call to Action...During the 2016 REALTOR® Legislative Meetings & Trade Expo one of the talking points for Capitol Hill visits was focused on H.R. 3700, the Housing Opportunity through Modernization Act of 2016.  This bill passed unanimously in the House (427-0 vote) yet it languishes in the United States Senate, the victim of election year posturing. On Monday, June 13, 2016 NAR will launch a Call for Action to all REALTORS® asking all 100 United States Senators to pass H.R. 3700. NAR expects the Call For Action to remain active until the Senate begins its summer recess scheduled for July 18, 2016.

    Background Information:
    NAR Issue Summary
    HR 3700 Bill Summary
    NAR Letter to House of Representatives
    NAR Letter to Senate

National Association of REALTORS® News

Friday, June 3 2016 10:06 AM
Categorized In REALTORS®
  • 20% of REALTORS® In Business Under A Year…Increasing the number of young people in real estate has been a longstanding goal of the industry, so it's good news that the median age of REALTORS® dropped this year. It's now at 53, down from 57 last year. What's driving the decrease is two trends: an increase in REALTORS® under 30, and a drop in REALTORS® over 65.  Read more and see latest video here.  

  • Temporary  Health Insurance Option Available…If you missed open enrollment and need health insurance, REALTORS® Insurance Marketplace has options. The SMART Short Term Medical plan is an option if you need coverage until the end of the year. It’s designed to be affordable and can last from 30 days to six months.

  • REALTOR.org Homepage Streamlined...NAR has redesigned the REALTOR.org homepage to provide information in a focused, flexible, mobile-friendly way.

  • Win on Supreme Court Clean Water Act Case…In a victory for real estate, the U.S Supreme Court yesterday ruled that property owners don’t have to wait until they have a permit denied before they can sue the federal government over whether their property is subject to Clean Water Act regulation. In an amicus curiae brief it filed on the case, NAR said it was unfair to make property owners go through an expensive and time consuming permitting process before receiving a ruling, or jurisdictional determination, on whether their property contains a wetlands or other body of water subject to regulation. Background and NAR amicus brief. Background summary in the March 23 Voice for Real Estate.