Passaic County Board of REALTORS®
Views & News 
Friday, July 21, 2017


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House Financial Services Committee Reach Agreement to Move Key Flood Insurance Legislation Forward

The National Association of Realtors® said that significant improvements to the
"21st Century Flood Reform Act," key legislation aimed at strengthening and reauthorizing the National Flood Insurance Program, have cleared the way for endorsement of the bill. Among the changes, Realtors® support the House Financial Services Committee's commitment to retaining "grandfathering" - a policy that protects homeowners from significant rate increases when a flood map changes.

Six Safety Apps You Should Know About

The recent, local threat of a man impersonating a police officer visiting a Real Estate office in Morris County has shaken our local real estate community.   Stay vigilant.   The following is a list
of six mobile applications
recommended by safety trainer and former real estate agent Tracey Hawkins of Safety and Security Source.

More REALTOR Safety Resources
Free Realtor® Safety Classes coming in September to PCBOR

Foreign Investment in U.S. Real Estate Surges

Investment in U.S. residential real estate from outside the country surged to a new high last year, according to NAR's just-released 2017 Profile of International Activity in U.S. Residential Real Estate.  Foreign buyers spent $153 billion on U.S. residential property between April 2016 and March 2017, an increase of 49 percent over the prior year. Nearly half of all foreign sales were in three states: Florida, California, and Texas.  
New Jersey  Realtors ®  Good Neighbor Award  Deadline:  September  22, 2017

NJ  Realtors Good Neighbor Award  will be pres ented to  three  Realtors® 
or Realtor -Associates®   who  have made extraordinary commitments to improving the quality of life in thei r local and/or global  communities through volunteer community service.  There are many worthy Realtor®  candidates, please nominate one!  They can win money for their charity as well as
this fantastic recognition.

Get the Application Here
3 Ways to Make Counteroffers Easier

No matter if your client is buying or selling, counteroffers can pose sticky negotiations from both sides. Here are three tips for successfully responding to counteroffers from Desare Kohn-Laski,
broker-owner of
Skye Louis Realty in Coconut Creek, Fla.

Read More

NAR Stresses Mortgage Affordability

NAR in comments to the regulator of Fannie Mae and Freddie Mac says the companies shouldmove forward on plans to create a financing program for manufactured housing, give owner-occupant households priority over investors when disposing of troubled homes, lower financing fees, and do more in rural areas.

August @ PCBOR
Blog Post Focuses on Smart Home Resources

An article
on the Center for REALTOR® Technology's blog lists resources you can use to help answer questions from clients about smart home devices and trends.

Caution on Insurance Rule Changes, NAR Says

Any regulatory changes implemented by the government that are aimed at improving health insurance options 
should not make it more expensive for self-employed people such as real estate professionals to purchase coverage, NAR says in a letter  submitted to the Centers for Medicare &Medicaid Services. The letter stresses the need for affordable, quality health insurance options in the individual insurance market; protections for preexisting conditions and preventive health and chronic disease management services; guaranteed availability of coverage; easy access to  preferred providers; and prohibiting discrimination based on age.

December 4th - 7th, 2017
Atlantic City, New Jersey

$$$ $89. Early-Bird Pricing Coming in September $$$

Realtors® Conference & Expo
Chicago - November 3-6, 2017

Quarter Century Club
Deadline is September 13th

New Jersey Realtors® recognizes Members who have been a Realtor® for 25+ years. 
rs   who would like to apply may do so here.  Deadline for submission is
September 13th to the 
PCBOR® Board office. 
 Any questions?  Contact Pat Batavia, Board staff liaison for this recognition.

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