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The National Association of REALTORS® is asking all REALTORS® to urge their Members of Congress to support the reauthorization of the National Flood Insurance Program (NFIP). Without congressional action, the NFIP is set to expire on September 30.
Please respond to NAR’s Call for Action and urge your member of Congress to pass “The 21st Century Flood Reform Act” H.R. 2874 as soon as possible. Persuading Congress to extend this program is very important to the industry, its members and their clients. If the NFIP lapses, more than 40,000 real estate transactions per month will be in jeopardy.
H.R. 2874 contains numerous provisions of critical importance to consumers and REALTORS®:
- Reauthorizes NFIP for a full five years, avoiding the uncertainty of short term extensions and potential shutdowns
- Caps NFIP rates at $10,000 per year for property owners
- Directs FEMA to develop more granular rate tables, to ensure fewer properties are over charged by NFIP
- Sets aside $1 billion for flood mitigation assistance grants
- Increases access to private market flood insurance
Represent Investors and Become One Yourself
Real Estate Investing is a new course that will teach REALTORS® how to work with investors as they set their goals, plan, evaluate, and acquire properties, as well as manage them. REALTORS® will also learn how to become real estate investors themselves.
One of the priorities of National Association of REALTORS® (NAR) President Bill Brown is to help REALTORS® prepare for retirement by providing education on becoming a real estate investor, not just helping others invest in real estate. While REALTORS® are busy helping homebuyers achieve their dream of homeownership, they themselves lack retirement assets. “Too many REALTORS® don’t have the assets to retire,” according to Brown said at the 2016 Leadership Summit in Chicago. Brown wants members to make sure they can take care of themselves when they retire.
Real Estate Investing will be offered at SILVAR on Tuesday, September 19, from 8:30 a.m. to 5 p.m., with NAR 2012 and 2009 Instructor of the Year David Wyant. SILVAR is co-sponsoring this course with the West San Gabriel Valley Association of REALTORS®. Cost is $110 for members and $125 for non-members. Register at ims.silvar.org, or call SILVAR at (408) 200-0100.
There’s been a lot of talk about immigration these days. This is a topic that impacts real estate, especially in Silicon Valley, a place that has attracted foreign buyers. So the Silicon Valley Association of REALTORS® (SILVAR) Global Business Council has teamed up with the California Council of Residential Specialists to offer a Lunch & Learn on “What Every REALTOR® Needs to Know About Immigration” on Wednesday, September 27, 11 a.m. to 2 p.m. at SILVAR.
From featured speakers Sophie Alcorn and Lisa Wendl, you will learn about:
- U.S. immigration policy
- Some common immigration statuses
- Immigration pitfalls and red flags
- How immigrants can qualify for mortgages
Alcorn is a Stanford-educated, New York Times-featured expert on U.S. immigration law. She founded Alcorn Immigration, where she and her team obtain visas and green cards for highly-motivated individuals.
Wendl obtained her Bachelor of Arts degree from Fudan University in Shanghai and MBA in finance from the University of Illinois, Chicago. She worked as a business analyst at a biotech company for three years, then got into the field of real estate lending and investment where she has worked for 25 years.
Cost is $15 for SILVAR and CRS members and $20 for non-members and at the door. Register at ims.silvar.org, or call SILVAR at (408) 200-0100. Seating is limited. These events fill up quickly, so make sure you register early.
Silicon Valley Association of REALTORS® says ... 