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- Why You Need to Speak Up About VA Loans
- Reminder: Standard Forms Revisions Effective July 1
- Free Webinar! Title Issues and Trends
- Have a Say in Your Education Opportunities
- Homebuyers are Beginning to Seek Smaller Mortgages as Rates Rise
- REALTORSĀ® on the Move List Updated
- Real Estate Investment Course Offers Core Broker Credits
- NAR Support Letter Regarding Remote Online Notarization
- Calendar of Events
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Why You Need to Speak Up About VA LoansMany service members know little about the benefits of VA mortgages or may even hold negative views about them, according to a recent survey. Real estate pros can play a big role in helping veterans achieve homeownership by sharing information about the VA Home Loan Guaranty Program and helping to dispel common myths about the program.Ā
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Reminder: Standard Forms Revisions Effective July 1On July 1, PAR released 12 updated forms and one brand-new form. These releases are all about clarification, clarification, clarification. The actual function of most of the forms is not changing. To learn more, REALTORSĀ® can review the revisions at PAR'S Standard Forms Update page; read the Guidelines for Preparation and Use for each form, and view a recording of PAR's Standard Forms Update webinar.
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Free Webinar!Title Issues and TrendsTitle insurance is an important component of real estate transactions, and it is important for agents to keep up with the latest issues and trends. In this members-only webinar, affiliate member and licensed title agent Andy Salvucci will explore current events in the title insurance, real estate, lending and regulatory communities. Analysis of emerging trends, title issues, enforcement actions, best practices, developing regulations and more will be covered. In addition, Andy will answer YOUR questions live! Don't miss this opportunity to learn the latest on title insurance.
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Bonus Information! Did you miss our most recent free webinar, "Extreme Weather's Impact on Real Estate - What REALTORSĀ® Should Know?" Watch it Now!
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Have a Say in Your Education OpportunitiesTheĀ Association of REALTORSĀ® School wants YOUR opinion on YOUR continuing education options. We recently emailed a survey to all Tri-County Suburban members as well as all students of the school. If you haven't completed the online survey, check your inboxes for our July 5 email, with the subject line "Reminder: Tri-County is Seeking Your Opinions on Continuing Education."Ā
For additional information or any questions, email Steve Farace.
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Homebuyers are Beginning to Seek Smaller Mortgages as Rates RiseRising rates are not only crimping demand for mortgages, but homebuyers are asking for smaller loans when they do apply, according to a recent survey by the Mortgage Bankers Association.
Last week's average purchase loan request was down 10 percent from the recent high, seen in March. That doesn't necessarily mean home prices are dropping, but it could reflect a change in who's looking to buy.
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Haven't activated your FREE member-beneft Inman Select account? Email Mike Carlin to request your log-in information.
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REALTORSĀ® on the Move List UpdatedIn an effort to provide our members and the public with the most updated information available on the whereabouts of REALTORĀ® members, the REALTORSĀ® on the Move list is updated quarterly.Ā
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Have you switched offices? Let Tri-County Suburban know by accessing the easy-to-use transfer form and submitting it to the Association office. Questions? Contact Member Specialist Tina Lavelle.
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Invest in Your Career'Real Estate Investment' Offers Core Broker CreditsGet a jump on earning your broker license this summer with 'Real Estate Investment.' This course provides two of the core credits necessary for PA broker education as well as continuing education credit.Ā
This six-day course covers the fundamentals of real estate value, forms of ownership, taxation, financing, and cash flows and projections as they apply to real estate investment. The mathematical concepts of 'time value of money' and 'six functions of a Dollar' will be introduced.
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NAR Support Letter Regarding Remote Online Notarization
On June 23, 2022, the National Association of REALTORSĀ®, along with 19 other housing and real estate organizations, signed a letter thanking US Reps. Pallone (D-NJ), McMorris Rodgers (R-WA), Schakowsky (D-Ill) and Bilirakis (R-FL) for including H.R. 3962 in the House Energy and Commerce Subcommittee on Consumer Protection and Commerce hearing on May 26, 2022. H.R. 3962, the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, is being spearheaded by Reps. Madeleine Dean (D-PA) and Kelly Armstrong (R-ND), and now enjoys the strong, bipartisan support of over 100 cosponsors. The SECURE Notarization Act would allow for the immediate nationwide use of remote online notarization (RON) technology, with appropriate safeguards to ensure strong nationwide consumer protections. RON allows businesses and consumers the ability to execute critical documents using two-way audiovisual communication. Current requirements for a signer to physically be in the presence of a notary are often impractical and sometimes impossible due to social distancing constraints resulting from COVID-19, as well as other barriers including military service or work travel. Forty states have already recognized the benefits of remote online notarization and passed legislation authorizing its use. Notarizations are used extensively in real estate transactions, as well as in a variety of other important areas including affidavits, powers of attorney, living trusts, and advance health care directions, among others.
Source: nar.realtor; 6/24/2022
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