{"id":5101,"date":"2021-05-17T15:07:05","date_gmt":"2021-05-17T20:07:05","guid":{"rendered":"https:\/\/nwfl4sale.com\/nars-board-meets-votes-on-changes\/"},"modified":"2021-05-17T15:07:05","modified_gmt":"2021-05-17T20:07:05","slug":"nars-board-meets-votes-on-changes","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/nars-board-meets-votes-on-changes\/","title":{"rendered":"NAR\u2019s Board Meets, Votes on Changes"},"content":{"rendered":"

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Dues won\u2019t go up in 2022, an MLS policy now requires property addresses for residential listings on the day they\u2019re submitted to the MLS, and new policies were approved.<\/span><\/span><\/p>\n<\/div>\n

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WASHINGTON \u2013 The National Association of Realtors\u00ae\u2019 (NAR) Board of Directors met during the association\u2019s recent Legislative Meetings & Trade Expo. In addition to electing a 2022 Leadership Team and Regional Vice Presidents<\/a>, it approved a budget that forecasts 1.43 million members for 2022. It also approved a move to keep national dues at the current level of $150 per member.<\/span><\/span><\/p>\n

Among the policy changes approved by the board were a new federal tax policy, a policy that requires MLS participants to identify addresses of listings, and database changes designed to improve NAR\u2019s member records.<\/span><\/span><\/p>\n

Gail Hartnett of Boise, Idaho, and Larry Keating of Jefferson City, Missouri, were announced as the 2021 recipients of the Distinguished Service Award<\/a>.<\/span><\/span><\/p>\n

Holding a mock board vote at the meeting, NAR President Charlie Oppler asked the directors if they wanted to continue with virtual meetings or meet in person in November. The board voted overwhelming \u2013 if not unanimously \u2013 for an in-person meeting. \u201cWe\u2019ll see you in San Diego!\u201d Oppler said.<\/span><\/span><\/p>\n

Multiple Listing policy<\/span><\/span><\/h3>\n
Directors adopted a new MLS policy requiring that property address for all residential listings filed with the MLS be disclosed and available to MLS participants and subscribers at the time the listing is submitted to the MLS. If an address doesn\u2019t exist, a parcel identification number or legal description of the property\u2019s location must be filed with the MLS. The change doesn\u2019t preclude sellers who need privacy from keeping their address (or entire listing) off publicly accessible displays of their property. <\/span><\/span><\/p>\n
To facilitate the display of sales data in non-disclosure areas, the board also amended MLS policy to allow, at local MLS discretion, the prohibition to display the sold price of a property.<\/span><\/span><\/p>\n
New federal taxation policy<\/span><\/span><\/h3>\n
In response to a Biden Administration proposal, directors voted to amend NAR policy, which supports repealing the estate tax and retaining the step-up in basis to fair market value for all inherited assets. NAR\u2019s policy now includes:<\/span><\/span><\/p>\n
\n
Support for an estate tax exemption no lower than $11.7 million per person \u2013 the amount provided in current law<\/span><\/span><\/li>\n
Opposition to any tax on unrealized gains upon a property owner\u2019s death<\/span><\/span><\/li>\n<\/ul>\n
Core Standards enforcement<\/span><\/span><\/h3>\n
The board approved a series of Core Standards recommendations that impact the appeal hearing process:<\/span><\/span><\/p>\n
\n
Enforcing a firm Dec. 31 deadline by which time local and commercial associations must complete their Core Standards certification forms<\/span><\/span><\/li>\n
Formalizing the process for state associations to communicate issues concerning a local association\u2019s non-compliance to NAR<\/span><\/span><\/li>\n
Allowing state associations to meet with and provide written documentation to the hearing panel before any appeal<\/span><\/span><\/li>\n
Prohibiting Core Standards hearing panels from granting extensions to non-compliant associations<\/span><\/span><\/li>\n
Requiring a warning letter by Feb. 1 to chief staff and officers of non-compliant associations<\/span><\/span><\/li>\n
Allowing hearing panels to set a one-year probationary period on non-compliant associations and impose sanctions with options that are less severe than charter revocation for first-time offenders<\/span><\/span><\/li>\n
Authorizing an NAR-developed training program to educate local, commercial and state association volunteer leaders about the Core Standards<\/span><\/span><\/li>\n<\/ul>\n
The new rules go into effect for the current cycle.<\/span><\/span><\/p>\n
Database updates<\/span><\/span><\/h3>\n
The board approved changes to continue modernizing member records:<\/span><\/span><\/p>\n
\n
Removal of the salutation field<\/span><\/span><\/li>\n
Addition of a preferred pronoun field<\/span><\/span><\/li>\n
Allowing updates to records of inactive members (Status I)<\/span><\/span><\/li>\n
Allowing state point of entries (POEs), in addition to local POEs, to update their real estate license field in the member record and the Main Office ID in the office record<\/span><\/span><\/li>\n
Requiring that the \u201cbusiness email\u201d field in a member\u2019s record include an individual business address. For those members who also want to include a shared address, there will be a new, optional \u201cshared email address\u201d field<\/span><\/span><\/li>\n
Requiring a business email for Institute Affiliate members<\/span><\/span><\/li>\n
Removal of obsolete fields<\/span><\/span><\/li>\n<\/ul>\n
The updates are expected to be implemented by the end of 2022.<\/span><\/span><\/p>\n
Legal action: property rights<\/span><\/span><\/h3>\n
Directors approved just under $4,000 in funding for an Illinois property rights case that was successfully settled with the help of Illinois Realtors.<\/span><\/span><\/p>\n
Name change, jurisdiction procedures<\/span><\/span><\/h3>\n
The board approved amendments to the procedures for: <\/span><\/span><\/p>\n
\n
Processing association applications for change of jurisdiction<\/span><\/span><\/li>\n
Local association name changes<\/span><\/span><\/li>\n
Contested applications for new board formation and\/or release of jurisdiction<\/span><\/span><\/li>\n<\/ul>\n
The changes go into effect in 2022.<\/span><\/span><\/p>\n
New: Social media audit for appointees<\/span><\/span><\/h3>\n
Effective immediately, directors approved changes to the Campaign and Election Rules Manual to:<\/span><\/span><\/p>\n
\n
Expand the social media audit to include appointed leaders: Vice President of Association Affairs, Vice President of Advocacy, Realtor Party Director, Realtor Party Fundraising Trustees Chair, RPAC Major Investor Council Chair, RPAC Participation Council Chair, and committee liaisons. Prior to the change, the manual required a social audit only of candidates for elected office.<\/span><\/span><\/li>\n
Permit the Credentials and Campaign Rules Committee (CCRC) to request that the Leadership Team, not the CCRC, make a final ruling on any appointed leader\u2019s social media report.<\/span><\/span><\/li>\n<\/ul>\n
Read the social media guidelines<\/a> for NAR leaders.<\/span><\/span><\/p>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
Dues won\u2019t go up in 2022, an MLS policy now requires property addresses for residential listings on the day they\u2019re submitted to the MLS, and new policies were approved. WASHINGTON \u2013 The National Association of Realtors\u00ae\u2019 (NAR) Board of Directors met during the association\u2019s recent Legislative Meetings & Trade Expo. In addition to electing a 2022 Leadership Team and Regional Vice Presidents, it approved a budget that forecasts 1.43 million members for 2022. It also approved a move to keep national dues at the current level of $150 per member. Among the policy changes approved by the board were a new federal tax policy, a policy that requires MLS participants to identify addresses of listings, and database changes designed to improve NAR\u2019s member records. Gail Hartnett of Boise, Idaho, and Larry Keating of Jefferson City, Missouri, were announced as the 2021 recipients of the Distinguished Service Award. Holding a mock board vote at the meeting, NAR President Charlie Oppler asked the directors if they wanted to continue with virtual meetings or meet in person in November. The board voted overwhelming \u2013 if not unanimously \u2013 for an in-person meeting. \u201cWe\u2019ll see you in San Diego!\u201d Oppler said. Multiple Listing policy Directors adopted a new MLS policy requiring that property address for all residential listings filed with the MLS be disclosed and available to MLS participants and subscribers at the time the listing is submitted to the MLS. If an address doesn\u2019t exist, a parcel identification number or legal description of the property\u2019s location must be filed with the MLS. The change doesn\u2019t preclude sellers who need privacy from keeping their address (or entire listing) off publicly accessible displays of their property. To facilitate the display of sales data in non-disclosure areas, the board also amended MLS policy to allow, at local MLS discretion, the prohibition to display the sold price of a property. New federal taxation policy In response to a Biden Administration proposal, directors voted to amend NAR policy, which supports repealing the estate tax and retaining the step-up in basis to fair market value for all inherited assets. NAR\u2019s policy now includes: Support for an estate tax exemption no lower than $11.7 million per person \u2013 the amount provided in current law Opposition to any tax on unrealized gains upon a property owner\u2019s death Core Standards enforcement The board approved a series of Core Standards recommendations that impact the appeal hearing process: Enforcing a firm Dec. 31 deadline by which time local and commercial associations must complete their Core Standards certification forms Formalizing the process for state associations to communicate issues concerning a local association\u2019s non-compliance to NAR Allowing state associations to meet with and provide written documentation to the hearing panel before any appeal Prohibiting Core Standards hearing panels from granting extensions to non-compliant associations Requiring a warning letter by Feb. 1 to chief staff and officers of non-compliant associations Allowing hearing panels to set a one-year probationary period on non-compliant associations and impose sanctions with options that are less severe than charter revocation for first-time offenders Authorizing an NAR-developed training program to educate local, commercial and state association volunteer leaders about the Core Standards The new rules go into effect for the current cycle. Database updates The board approved changes to continue modernizing member records: Removal of the salutation field Addition of a preferred pronoun field Allowing updates to records of inactive members (Status I) Allowing state point of entries (POEs), in addition to local POEs, to update their real estate license field in the member record and the Main Office ID in the office record Requiring that the \u201cbusiness email\u201d field in a member\u2019s record include an individual business address. For those members who also want to include a shared address, there will be a new, optional \u201cshared email address\u201d field Requiring a business email for Institute Affiliate members Removal of obsolete fields The updates are expected to be implemented by the end of 2022. Legal action: property rights Directors approved just under $4,000 in funding for an Illinois property rights case that was successfully settled with the help of Illinois Realtors. Name change, jurisdiction procedures The board approved amendments to the procedures for: Processing association applications for change of jurisdiction Local association name changes Contested applications for new board formation and\/or release of jurisdiction The changes go into effect in 2022. New: Social media audit for appointees Effective immediately, directors approved changes to the Campaign and Election Rules Manual to: Expand the social media audit to include appointed leaders: Vice President of Association Affairs, Vice President of Advocacy, Realtor Party Director, Realtor Party Fundraising Trustees Chair, RPAC Major Investor Council Chair, RPAC Participation Council Chair, and committee liaisons. Prior to the change, the manual required a social audit only of candidates for elected office. Permit the Credentials and Campaign Rules Committee (CCRC) to request that the Leadership Team, not the CCRC, make a final ruling on any appointed leader\u2019s social media report. Read the social media guidelines for NAR leaders. \u00a9 2021 Florida Realtors\u00ae Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":5102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5101"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5101"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5102"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}