nar, politics and you chris polychron 2009 nar state & political issues liaison
TRANSCRIPT
NAR, Politics and YouChris Polychron
2009 NAR State & Political Issues Liaison
NAR Congressional Priorities
•Extend and Expand the $8,000 Tax Credit
•Extend Higher Fannie Mae/Freddie Mac and FHA Loans Limits
•Health Insurance Reform•Energy Bill
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Extend and Expand the $8,000 Tax Credit
• NAR Call for Action – More than 450,000
letters from NAR members sent to Members of Congress
• FPC Fly-In– FPCs from 29 states in
Washington, D.C.
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Extend and Expand the $8,000 Tax Credit
•Extend and Expand the Credit:
– Extend the tax credit until 2010
– Expand eligibility to ALL homebuyers
– Expand the value of the tax credit
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Extend Higher Loan Limits for Fannie Mae/Freddie Mac and FHA
Loans• FHA currently set to create
lower limits at the end of 2009
• Nationwide - Up to $729,750 in high-cost areas
• Arkansas: $271,050 limit• NAR is asking to make these
higher limits PERMANENT.
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NAR Principles in Debate•Coverage available to all•No gaps in coverage•Choices among plans – no single payer plan•Preventive care – should be cost-effective•No employer mandate
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Energy BillNO Energy Labeling for Existing
Homes• House passed version of bill:
– Does not create a federal energy audit requirement for real property.
– Exempts existing homes and buildings from any federal guidelines for new construction energy efficiency information labels.
– Prohibits the implementation of any labeling during a sales transaction.
– Leaves the decision to states as to whether to require energy audits, disclosures.
• NAR is monitoring the Senate bill.
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Other Congressional Issues• Protecting the Mortgage
Interest Deduction• Fannie Mae/Freddie Mac
Reinvention• Financial Services Regulatory
Reform• Home Valuation Code of
Conduct– realtor.org/hvcc
• Credit Union
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Political Programs
Broker Involvement Program
• Broker Owners can access the “Broker Portal” where they – review and approve the e-mail that NAR
sends to their agents along with the Call for Action (CFA).
– view online reports on how their agents responded to the Calls for Action.
• NAR always gives Brokers the choice to participate in a Broker Call for Action and an online fundraising appeal.
• 2,150 Brokers are activated in the Broker Involvement Program– Total # of Active Agents = 206,922
• Broker Involvement Program in Arkansas•36 Brokers signed up
– 1,000 agents
Broker Involvement Program
Arkansas Responds to the Call for Action!
• Grassroots– Call for Action (CFA) Participation rates:
• 2007: National = 6% Arkansas = 8.9%• 2008: National = 9.2% Arkansas = 11.5%• 2009: National = 8.7% Arkansas = 11.6%
– NAR CFA (September) “Extend and Expand the First-Time Homebuyer Tax Credit” Advocacy Participants: 1,568 (25%)
– NAR Call for Action (CFA) “Extend and Expand the First-Time Homebuyer Tax Credit” Broker Participants: 27/36
• RPAC
– Total dollars raised: $51,709– Fair Share Goal: $36,828– President's Circle credit: $3,850– Total dollars raised with President's Circle credit:
$55,559– 151% of the Fair Share Goal
• RPAC
– Major Donor Goal: 22– Major Donors (as of October 22): 27– 123% of Major Donor Goal
– President's Circle Goal: 2– President's Circle members (as of October 22): 3– 150% of the President's Circle Goal
REALTORS® VOTE!!!
Electoral Services – Data
Percentage of U.S. eligible population registered to vote:
68%
Electoral Services – Data
Percentage of U.S. REALTORS® registered
to vote:
77%
Electoral Services – Data
Percentage of Arkansas REALTORS® registered
to vote:
76%
We still need your help!
• If you have not responded to the Tax Credit Call for Action: Please do! We are looking for 40,000 more REALTORS® to respond.
• Stay tuned for more news coming from Washington, D.C.!
• Don’t forget about RPAC!
Thank you for your support!!!