Greater Rochester Association of REALTORS®
Precisely e-Newsletter
February 23, 2015
In This Issue: 
  • Association Updates: RESPA/TILA Changes, NYSAR Legal Update Webinar, Save the Date,  Live Well Work Well, Accustat Report
  • Industry Advocacy: REALTOR® Party Mobile Alerts, Mortgage Choice Act
AssociationUpdatesAssociation Updates
RESPA/TILA CHANGES TAKE EFFECT AUGUST 1
Save these dates for training sessions from the MBA at Locust Hill.
April 23rd - Loan Estimates and Upfront Procedures
May 21st - Closing Disclosures - new form and closing procedures

NYSAR LEGAL UPDATE WEBINAR
A free, informative update on current real estate-related legal issues Thursday, February 26, at 2:30 p.m., presented by NYSAR Director of Legal Services Anthony Gatto, Esq.
Topics to be covered include: broker rebates; unauthorized practice of law; lead paint; arms-length transactions; and recent court and DOS decisions pertaining to commissions, fair housing and escrow.  Register Here

GRAR & WCR Agents Fair and Exhibit Show
(Additional Details / Ticket Order Form)
Thu., March 12 at the Joseph A Floreano Rochester Riverside Convention Center
Featuring; Craig Grant, Real Estate Technology Institute Founder & Instructor
Tickets $20 - a super value! GRAR Members Register/pay online HER

SAVE THE DATE
~ Upcoming GRAR Events
RPAC Euchre Tournament (Registration Deadline: TODAY!)
Thu., Feb. 26
Harris Whalen Park (2126 Penfield Rd.)

RPAC Madness
(Sponsorships now available)
Fri., March 20
Back Nine Grill

GRAR/MBA Golf Classic (Foursomes available now)
Thu., July 30
Shadow Pines & Shadow Lake

LIVE WELL WORK WELL: February 2015
View the latest edition of Bene-Care's wellness newsletter here

ACCUSTAT REPORT: February 2015

Accustat is a service offered by REALTOR® Dick Beers available solely for the use of GRAR Members and is not intended for public distribution. This report does not reflect the views of the Greater Rochester Association of REALTORS®. If you are interested in receiving the newsletter, please contact Dick at accustat@rochester.rr.com.
IndustryAdvocacyIndustry Advocacy
REALTOR® PARTY MOBILE ALERTS
REALTOR® Party Mobile Alerts is the latest way for REALTORS® to stay informed via a text message when a Call for Action is launched. In a matter of minutes, you can take action by simply following a link we send to your mobile device.  The National Association of REALTORS® has established a goal of 20% participation in all of our national Calls for Action.  Stay connected with REALTORS® Party Mobile Alerts and help us reach our goal!
Sign up for our mobile alerts today and you'll be entered to win a $250 Amazon gift card.

MORTGAGE CHOICE ACT INTRODUCED IN US HOUSE
The Mortgage Choice Act (AKA 3% Cap Bill) is bipartisan legislation that would make two adjustments to the Truth in Lending Act's (TILA) definition of "points and fees" to ensure greater consumer choice in mortgage and settlement services under the Ability to Repay/Qualified Mortgage (QM) rule. NAR is urging both the House and Senate to move quickly to end discrimination against mortgage companies affiliated with real estate firms.
DISCLOSURE:
RATES OF COMMISSIONS AND OTHER FEES FOR THE SALE, EXCHANGE, RENTAL, LEASE, MANAGEMENT, OR MORTGAGE OF REAL ESTATE SHALL BE NEGOTIABLE BETWEEN A BROKER AND HIS/HER CLIENT.