Financial Assistance for REALTORS® Through CARES Act
The federal government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief to small businesses, independent contractors, sole proprietors and individuals who are self-employed. Various relief programs may be available to real estate brokerage firms and agents. Pandemic Unemployment Assistance A key provision in the CARES Act creates a temporary […]
Full StoryNAR Wins Major Provisions for REALTORS®
The U.S. Senate passed a $2 trillion COVID-19 economic relief package Wednesday night with overwhelming bipartisan support. The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign it into law. The measure includes $350 billion for the Small Business Administration 7(a) loan program. […]
Full StoryCoronavirus Emergency Legislation: What REALTORS® Need to Know
Congress has passed the Families First Coronavirus Response Act (H.R. 6201) providing support to American workers, families, and businesses, including the expansion of paid sick leave and family medical leave. It also includes refundable tax credits for small businesses and self-employed individuals to cover the cost of the leave. NAR’s advocacy team continues to urge […]
Full StoryKCRAR Advocacy Team Takes Legislative Road Trip to Jefferson City
On a cold, windy morning in late February, fourteen members of the KCRAR Missouri Advocacy Committee loaded into a transit van headed east. Waiting for them at the Missouri REALTORS® (MR) REALTOR® Party Headquarters in Jefferson City, Mo. was the MR Advocacy Staff, led by Chief Lobbyist Sam Licklider. Licklider began his day at an […]
Full StoryKansas Real Estate Commission makes changes to advertising rules in Kansas
Significant changes to advertising rules for real estate licensees in Kansas will go into effect on July 1, 2020. These changes will specifically relate to how licensee or team names can be presented in advertising. These new changes will apply to all forms of advertising. The Kansas Real Estate Commission (KREC) defines advertising as “communication […]
Full StoryReal Estate Wins in Government Spending Bills
The House on Tuesday passed a federal spending package for fiscal year 2020 that includes several high-priority items for REALTORS®: reauthorization of the National Flood Insurance Program through Sept. 30; an extension of several tax provisions important to real estate markets, such as mortgage debt forgiveness; and a seven-year reauthorization of the Terrorism Risk Insurance […]
Full StoryKansas City REALTOR® Party Supports Candidates For Local Kansas Elections
The Kansas City REALTOR® Party works to protect and promote homeownership and property investment by speaking with one voice to advance candidates that build strong communities and promote an active business environment. Working hand in hand with RPAC, the Kansas City REALTOR® Party supports pro-REALTOR® candidates who make decisions that impact REALTOR® members and their […]
Full StoryNAR Joins Calls to Extend Terrorism Risk Insurance Act
The National Association of REALTORS®, along with more than 100 insurance and other organizations, are urging Congress to pass a long-term reauthorization of the Terrorism Risk Insurance Act, which is set to expire at the end of 2020. The bill creates a federal backstop for terrorism insurance and mandates that insurers make terrorism coverage available […]
Full StoryREALTOR® Advocates Meet with Congressman Graves, Republican Whip Scalise
On Wednesday, KCRAR REALTOR® advocates met with Missouri Congressman Sam Graves in the Northland, as they typically do during each August Congressional recess. This year however, Congressman Graves brought along Republican Whip Steve Scalise (R-LA). Federal Political Coordinator Gary Derks welcomed the Congressmen and guests, reminding all in attendance that homeownership provides an opportunity for […]
Full StoryFHA Issues New Condominium Approval Rule
WASHINGTON – In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) this week published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process. Designed to be flexible and responsive to market conditions, FHA’s new condo rule and the new […]
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