Greater Rochester Association of REALTORS®

Precisely e-Newsletter

April 27, 2015

GRAR 2015 Major Sponsors

In This Issue:

Association Updates: First Quarter Statistics, RESPA/TILA Resources, GRAR Member one of NAR's "30 Under 30," RCF Casino Night, In Memoriam, Accustat Report
Industry Advocacy: HUD Housing Counseling Grants, House Passes Mortgage Choice Act

Association Updates

GRAR RELEASES FIRST QUARTER 2015 SALES STATISTICS

RESPA/TILA CHANGES COMING AUGUST1

GRAR MEMBER ONE OF NAR's 30 UNDER 30

Danielle Riley has been recognized as one of REALTOR® Magazine's 2015 class of 30 young professionals who stand out from the crowd with an unmatched work ethic and unyielding dedication to their clients. Congratulations, Danielle!

Read More Here

REALTORS® CHARITABLE FOUNDATION CASINO NIGHT
Featuring a Texas Hold 'em Tournament for the first 40 registrants

Thurs., April 30 from 6:00 PM - 9:00 PM
Location: Midvale Country Club, 2387 Baird Rd., Fairport, NY 14450

Entry $45 includes: $500 in tokens for casino games: blackjack, roulette, and craps. Each $100 in winnings equals one raffle ticket for chance to win over $1000 in prizes. Food is provided. Cash bar. (*Entry for Texas Hold 'em Tournament limited to first 40 players.) Don't miss out - limited availability! Seats filling up fast!

REGISTRATION FORM

IN MEMORIAM
Roger Allyn Hill, former REALTOR®. At Rest ~ March 26, 2015
Donna Harshaw, Vice President of WSTAR. At Rest ~ April 13, 2015

ACCUSTAT REPORT: May 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.

Industry Advocacy

HUD AWARDS $36 MILLION IN HOUSING COUNSELING GRANTS
The U.S. Department of Housing and Urban Development (HUD) awarded more than $36 million in grants to hundreds of national, regional and local organizations to help families and individuals with their housing needs and to prevent future foreclosures. HUD's housing counseling grants and the additional funding they help to leverage will assist more than 1.5 million households find housing, make more informed housing choices, or keep their current homes.

HOUSE PASSES MORTGAGE CHOICE ACT
Earlier this month, the U.S. House of Representatives passed "The Mortgage Choice Act," which makes two adjustments to the Truth in Lending Act's definition of "points and fees" to ensure greater consumer choice in mortgage and settlement services under the CFPB's Ability to Repay/Qualified Mortgage (QM) rule. NAR continues to work with coalition partners to advance this important legislation in the Senate.

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.