Save the Date for REALTOR Lobby Day on Tuesday, January 14th
REALTOR Lobby Day in Annapolis provides a forum to meet personally
with your State Senators, Delegates and staff on January 14th at 10 am, concluding by 12:30pm. COME JOIN US…won’t you?
October Stats Confirm Stable Home Sales Market
October data released by MAR reveals continued strength in Maryland’s real estate market. The number of homes sold in October increased a robust 18.9 percent from the same time period in 2012. Review more from MAR’s October Press Release.
REALTORS® Applaud Bipartisan Legislation to Delay Flood Insurance Rate Increases
National Association of Realtors® President Gary Thomas applauds the bipartisan ‘Homeowner Flood Insurance Affordability Act’ introduced today in the Senate, citing "help for millions of homeowners facing extreme increases in flood insurance premiums..."
MAR Comments on Re-Proposed QRM Regulation
Read MAR’s comment letter from President Russ Boyce on the Re-Proposed QRM/Risk Retention Regulation, citing better protections for both investors and borrowers without the explicit
down payment requirement.
NAR Urges Delay of NFIP (Flood) Premiums, Seeks Emergency Summit
NAR is asking FEMA to delay implementation of premium increases until the Affordability Study mandated by BW12 is completed and reviewed by Congress; NAR is also calling for a National Implementation Summit.
Federal Government Shutdown Impact Upon REALTORS®
- Spending authority for most of the government expired at midnight on September 30, 2013. Learn more about the Federal Government Shutdown and its impact upon REALTORS,
Septic System Grant Changes
The Maryland Department of Environment (MDE) has increased the income eligibility for septic grants. As of July this year, households with income of $300,000 or less can qualify for grants paying 100% of the Best Available Technology (BAT) costs. This is a significant increase.
NAR's Outreach Efforts for NFIP Reform
NAR has implemented a number of internal and external educational outreach efforts to address looming concerns raised by proposed implementation of the National Flood Insurance Program Reform legislation (NFIP).
Smoke Detector Law Takes Effect July 1st
A new smoke detector law takes effect July 1, 2013 for Maryland sales and rentals. The law requires some additional disclosure for sales, and includes specific requirements for single-family rentals (2 units or less). Click below for a quick summary of the law changes, and a more comprehensive document detailing current and new requirements for smoke detectors.
2013 Maryland General Assembly Review
The 2013 Maryland General Assembly adjourned for the year. Click below for a summary of 2013 real estate legislation.