Take Action on Patent Trolls

During the week of July 21,  the U.S. House of Representatives is scheduled to vote on H.R. 9 – The Innovation Act of 2015 which will take vital steps to protect the real estate industry from frivolous lawsuits brought by patent trolls. It is critical that you urge your Member of Congress to support this important legislation.

 
Realtors® are targeted by patent trolls at alarming rates for simply using common business technologies like dropdown menus and search functions on websites or scan-to-email technologies found in every office scanner. Patent trolls exist solely to purchase old patents and to use the threat of expensive lawsuits to extort money from legitimate businesses.

 
Contact your U.S. Representative and urge them to support H.R. 9, the Innovation Act

Changes to Vermont Property Transfer Tax Returns

During the legislative session, law was passed to create a “Clean Water Surcharge” on all property transfers. The revenue that will be generated by the surcharge will be deposited in the “Clean Water Fund” to help clean the bodies of water throughout the State of Vermont.

This charge is an increase of 0.2% on the value of property subject to the property transfer tax.  The current rate is 1.25% and combined with the surcharge, will now total 1.45%.  Some special rates do apply for some transfers and the information fact sheet attached will illustrate who the special rates will be applicable for. The surcharge is scheduled to sunset on 7/01/2018.

As of Wednesday, June 17th, all closings on or after this date, will have a total surcharge for the property transfer tax at a rate of 1.45%.

The Department of Taxes has issued a new updated property transfer tax return (Form PT-172) that includes the Clean Water Surcharge.

Click here for the information Fact Sheet.

Get Low APR & More with the Realtor® Credit Card

Now available in partnership with REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union: NAR’s official REALTOR® Credit Card.

This unique card program is available to existing and new Credit Union members and includes card options for personal and business use. Features of the REALTOR® Credit Card include:

  • Customized real estate-themed designs
  • REALTOR® branding options
  • Competitive interest rates as low as 8% APR*
  • No annual fees, balance transfer or cash advance fees
  • Comprehensive rewards program (points never expire)

realtor-credit-card postManage Personal Purchases and Business Expenses

For record keeping and tax planning, apply for two separate personal consumer cards – one for making personal purchases and a second to track business expenses, and select different card designs for each. Apply online.

Members concerned about credit also have an option of the Secured Credit Card. A minimum balance of $500 is required, and is a great option for Credit Union members seeking to increase their credit worthiness. To see if you qualify for this option, start the application process here.

For Associations and Brokerages

Operate or manage an office with staff? A business (corporate) card option is also available to state and local associations, brokerages, MLSs, and business account holders. To apply, click here and select the Business (Corporate) Expenses option or call 866-295-6038.

Membership and Application

Membership in the Credit Union is required to apply for the REALTOR® Credit Card. REALTORS®, state and local association staff and family members are eligible to enroll in the Credit Union and apply. A complete Eligibility List is available online at REALTORSfcu.org.

If you are not yet a Credit Union member, the process is a streamlined for both Credit Union membership and REALTOR® Credit Card application. Apply today.

Realtors® Legislative Meetings & Trade Expo

The REALTORS® Legislative Meetings & Trade Expo is where NAR members take an active role to advance the real estate industry, public policy and the association. Join us in Washington, DC, for special issues forums, committee meetings, legislative activities and the industry trade show.  Visit the event website here.

Mid Year SliderHighlights

Meeting Schedule
Legislative Activities
Trade Expo

Property Valuation Forum
Uncover how new technology is guiding valuations, including automated valuation models (AVMs), during this forum.
Read

Risk Management Forum
Examine the law on three hot topics – teams, independent contractors and safety – during this three-prong program. Read

Federal Water Regulations
Do federal water regulations impact real estate activity in your market? Then, you won’t want to miss this session. Read