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  • Call for Action!

    Summary:

    In Olympia today, the House of Representatives released a proposed new budget and tax plan that includes significant new taxes on both REALTORS® and real estate.

  • This week marks the halfway point...

    Summary:

    This week marks the halfway point for policy bill review. House and Senate committees are working quickly to hear and move bills out of committee prior to the House releasing its budget next week.

  • Legislative Progress Report

    Summary:

    Yesterday we passed a major cutoff in the state legislature. All bills had to be out of their originating house by 5:00pm, so we spent the last 3 days doing everything we could to get bills pulled from rules and on the floor calendar and then voted on in their respective chambers.

  • House of Origin Cutoff Deadline

    Summary:

    This Wednesday, March 11, is the house of origin cutoff deadline. This means that all bills must be passed out of their house of origin by this date- House bills out of the House, and Senate bills out of the Senate - to remain alive.

  • Attention Moves to the Floor

    Summary:

    For the next nine days all attention moves to the floor of the House and the Senate. In order to remain alive the bills must be voted out of their house of origin by March 11th.

  • The Budget Battles Are About to Begin

    Summary:

    Every week during the Legislative Session one of the Washington REALTORS® contacts on the Hill will give you a brief update on what is happening in Olympia and how it affects you...

  • FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO

    Summary:

    The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to completely implement others, a government report says. [See copy of report at end of story.]

  • Understanding RESPA/TILA Changes

    Summary:

    RESPA/TILA changes, including the elimination of the Good Faith Estimate (GFE) and the Truth In Lending Act (TILA) disclosure form, take effect August 1st, 2015. To address questions and concerns regarding the changes, the National Association of REALTORS has created some resources for REALTORS.

  • Realtors® Applaud FAA’s Proposed Rule to Allow Commercial Drone Use for Real Estate

    Summary:

    WASHINGTON (February 15, 2015) - National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Arkansas, issued the following statement about new proposed rules for unmanned aircraft systems issued today by the Federal Aviation Administration:

  • FHA's new premium reduction goes into effect today...

    Summary:

    Today, the FHA’s 50 basis point mortgage insurance premium reduction goes into effect. FHA expects a high volume of case number assignments beginning today, so lenders may experience slower than normal processing times.

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