The concern is about the inherent conflict of interest involved when one company becomes broker and lender. The critical issue is who will be at the center of the transaction, the bank or the independent real estate professional whose living depends on how well he or she serves the buying public. NAR is calling for grassroots involvement and asking letters be sent to the Federal Reserve before March 2 nd . Karl Berron, Vice President Governmental Relations, said the Division is on the verge of sending out the first email newsletter. This is going to be the main way to communicate with members throughout the session.
Members have to sign up to receive the newsletter.
The bill-filing deadline for the Senate is today so a lot more bills will come through. There are over 1000 bills in the House already. There will be a bill track on the website which will be a more user-friendly version to track a bill s progress. There are two bills on telemarketing, one a House bill and one out of the Senate. These are identical bills.