Legislative Issues

The U.S. House of Representatives and Senate passed the congressional "tax reform" bill—The Tax Cuts and Jobs Act. While NAR remains concerned that the overall structure of the final bill diminishes the tax benefits of homeownership and will cause adverse impacts in some markets, the advocacy of NAR members, as well as consumers, helped NAR to gain some important improvements throughout the legislative process.

From May 15 through 19, your SAMCAR Leadership were at the National Association of REALTORS REALTOR Party Convention & Expo to represent YOU and your clients. In this video, 2017 SAMCAR President Diane Viviani, SAMCAR and NAR Director Ricardo Archila, and committee member Michael Verdone discuss some of the issues of importance to REALTORS and homebuyers.

TRID goes into effect on October 3, 2015. The National Association of REALTORS has prepared a helpful field guide to explain the changes. Remember, you can also contact knowledgeable SAMCAR Affiliates to help you and your clients understand the new TILA-RESPA Integrated Disclosures (TRID).

After nearly eight years of litigation and three appeals, real estate professionals were handed a win in a landmark patent infringement case.

CFPB (Consumer Financial Protection Bureau) Takes First Steps Toward Greater Clarity on TRID (TILA-RESPA Integrated Disclosure.) Although the CFPB will not delay implementing the complex TRID requirements that go into effect August 1, but there will be a good faith enforcement grace period that both the mortgage industry and a bipartisan coalition in Congress have asked for.

In a move called ‘good for real estate,' the Federal Aviation Administration announced it will expand its tests on the use of UAVs (Unmanned Aerial Vehicles systems), more commonly referred to as "drones," for commercial purposes.