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Carver Communications - Index

Carver Communications - 12.15.08 - Index

The San Antonio Board of REAL-
TORS®, the Texas Association of
REALTORS® and the National
Association of REALTORS® are working
to help our economy and to protect
your interests at all levels.
81st Texas Legislature
The new legislative session begins
in January. Last session, more than 1,400
bills were filed that could have affected
your business, dealing with taxes, private-property
rights, mortgage financing,
appraisals, land use and development
and licensing regulation. It’s amazing
how many issues affect our industry.
To keep up with the association’s
work at the Capitol, consider becoming a
Legislative Liaison. Legislative Liaisons
receive a weekly e-mail update during
the Texas Legislative session and a
monthly one thereafter. This update
includes details about the legislative and
political events in Austin and
Washington, D.C. The job description of
By Robyn Locke,
Director of Political and Community Affairs
Federal And State Issues
Affecting Your Business
a legislative liaison is simply to pass this
information along to colleagues during
the office's regular sales meeting.
Go to www.sabor.com and go to
the Governmental Affairs section to
sign-up and receive these pertinent
updates on legislative issues that affect
you.
NAR’s Four-Point Plan
NAR has issued a call for action
on a potential new economic stimulus
plan being discussed in Washington,
D.C.
The most recent economic stimulus
bill, the Emergency Economic
Stabilization Act, was a good first step
towards stabilizing our nation’s economy.
Unfortunately, a number of the
act’s provisions haven’t proven to be as
useful at stabilizing the nation’s housing
markets as was first thought. Congress
may soon consider a second economic
stimulus bill. NAR has urged Congress
to include the following provisions in
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Jan 14th, 8:30am - 5:30pm (8hr) Day 1
Jan 15th, 8:30am - 4:30pm (7hr) Day 2
December 15, 2008 REAL ESTATE NEWSLINE 7
any future stimulus package:
Make the $7,500 tax credit available
to all purchasers and eliminate the
repayment requirement. The credit’s
limited availability and required repayment
terms have severely limited its
appeal to potential homebuyers.
Make the 2008 FHA, Fannie Mae,
and Freddie Mac loan limits permanent.
New rules for 2009 would significantly
reduce the FHA, Fannie Mae and Freddie
Mac loan limit from their 2008 levels.
Now is not the time to limit the availability
of affordable mortgages.
Get the emergency treasury bankrelief
program back on track. Channel
more funds to mortgage-relief efforts and
increase efforts to mitigate foreclosures.
Permanently bar banks and banking
conglomerates from engaging in real
estate brokerage. Banks have proven
inept at their current line of business. Is
it a good idea to have them managing the
home buying process?
For more information and to “take
action” today, please visit SABOR’s
main page at www.sabor.com.
W.R. Starkey’s Jay Gilmore was among the presenters during his company’s
Mortgage Assistance class for realtors and lenders, which was held at
Bass Pro Shop.
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