NAR update – Flood Insurance, Tax extenders and more…
On behalf of SVP of Government Affairs at the National Association of REALTORS, Shannon McGhan, I wanted to share this important news:
The House of Representatives voted yesterday on a spending package funding the federal government for fiscal year 2020. Most importantly for the housing industry, the vote provides funding authorization for the National Flood Insurance Program through September 30, extends various critical tax provisions, and reauthorizes the Terrorism Risk Insurance Program Reauthorization (TRIP) for seven years, a particularly significant victory for NAR’s commercial members. Here is the link with the results https://www.nar.realtor/newsroom/house-federal-funding-legislation-brings-certainty-stability-to-housing-market?fbclid=IwAR3SOOEgV-QH10UE8QJ27Ok4Ds2eSbjwQ48NJGetcaatIqNGwl-mVNkt7AM
Membership Dues 2020
NCBR Realtor Dues that have NOT been paid have been charged a $25 late fee. You have until today, December 31, 2019 to pay them in order to avoid an additional reinstatement fee of $100. You can pay through your MLS Member Gateway on RIRealtors.org – then click on Member Services and then Newport County invoices. Checks payable to NCBR must be postmarked by December 31st in order to avoid the $100 reinstatement fee. There is also an opportunity to support RPAC that is voluntary. These dollars go to supporting the fight for our rights of Home Ownership. You can contact MLS if you do not have your password.
