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What's new July 2010
Register for the AABOR Charity Golf Outing - August 12!
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To view the July issue of REALTOR'S INK - CLICK HERE
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Tax Credit Closing Date Extended/Flood Insurance Extended
After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation.
For additional information on the extension visit
www.realtor.org/government_affairs
Additionally, the United States Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension.
For more information on the flood insurance program visit
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AABOR is part of Ohio's District 3 Young Professionals Network called YP3D, and we're looking for new members! YP3D was created to give voice to our youngest members. The purpose is to create leadership and mentoring opportunities. That means we're looking for the young and young at heart real estate professionals! Click the icon above to join YP3D's Facebook group so we can keep you informed of upcoming events!
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Get the Most Out of Your ActiveKEY! - How to Instructions
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EPA's New Lead Paint Renovation Rule is effective April 22, 2010, CLICK HERE for NAR's Lead Paint Renovation Rule Compliance Guide for REALTORS and Property Managers!
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Supra I-Box Sales - 1 Box $18, Two or More Boxes $15 Each (plus tax). Click Here for details.
New SupraWeb Login Instructions
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NAR Safety Seminar Information
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Safety First - Recent news reports bring to light the absolute necessity of safety precautions, especially your activities surrounding open houses and showing properties. Below are two of the many safety pieces and advice available to you at www.realtor.org. Just type in keyword: safety
Safe at Showings
Safe at Open House
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Have a Voice & Make A Difference...Volunteer Today!
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Politics is Your Business - CLICK HERE to find out why!
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Check out NAR's right tools right now initiative for all of its members. This program provides over 300 publications, resources and services to you FREE, at cost, or at a reduced price.
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Fannie Mae Guidelines
Are you running into trouble collecting your agreed-to commission from lenders in a short sale transaction? Fannie Mae has made it clear that lenders aren't to modify commissions after they've been agreed to by the seller and the sale associate. To help resolve cases in which lenders fail to honor commission agreements, Fannie Mae has agreed to guidelines for appealing lender commission actions.
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Interested in saving time and money? MEDIATION--the winning solution- CLICK HERE
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