News

CFPB Takes First Steps Toward Greater Clarity on RESPA-TILA Integrated Disclosure Enforcement03 Jun

WASHINGTON (June 3, 2015) – The following is a statement from National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., in response to the Consumer Financial Protection Bureau’s announcement  of “sensitivity” to companies making a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation.

“The action announced today by the CFPB is a welcome first step toward clarifying the changes coming to real estate closings August 1. NAR appreciates the “sensitivity” offered by the CFPB to companies making a good-faith effort to comply with the new TILA-RESPA Integrated Disclosure regulation.

“NAR will continue to work with the CFPB to minimize any possible market disruptions or uncertainty when the rule takes effect August 1, during the busiest transaction season for real estate.

“Almost 300 U.S. Senators and Representatives asked the CFPB to further develop market certainty through a clarification of the TRID regulation. NAR has long advocated a period of restrained enforcement and liability for the TILA-RESPA Integrated Disclosure rule.

“While NAR appreciates the CFPB’s understanding of the difficulties involved in making a change of this magnitude, we hope that continued dialog with U.S. Senate and House leaders will result in a solution that allows the lending industry and CFPB to address any implementation issues and minimize costly closing delays for home buyers and sellers.

“NAR extends its gratitude to U.S. Reps. Blaine Luetkemeyer, R-Mo.; Andy Barr, R-Ky.; Carolyn Maloney, D-N.Y.; Steven Pearce, R-N.M.; Brad Sherman, D-Calif.; and U.S. Sens. Tim Scott, R-S.C.; and Joe Donnelly, D-Ind., who came together, at our request, to bring this issue to the attention of the CFPB.”

Alaska Association of REALTORS Introduces New Logo

This has been a year of change for the Alaska Association of REALTORS®.  Under the leadership of President Angie Tallant of Somers & Associates in Fairbanks, the Association has completed its first cycle of NAR’s “Core Standards,” which ups the bar for all NAR Associations.

To comply with many directives in Core Standards, President Tallant and Information Management Key Work Group  Chair Devon Thomas decided to re-brand the Association at the same time.

It was time for a change.  A new look for the logo, a new look and new functionality for the website, and with a new CEO at the helm.  Sandy Eherenman has worked hard to train our new CEO Bob Manwaring and, fortunately for us, this transition has been a smooth one.

Angie and Devon worked diligently with buzzbizz Studios to come up with a logo that encompasses all facets of our real estate industry: Residential, Commercial and Land.  Incorporated together to create one logo, which represents our entire membership, we are proud to introduce the Alaska Association of REALTORS® new logo to you.

Alaska Association of REALTORS®

Contact Information

Alaska Association of REALTORS®
4205 Minnesota Drive
Anchorage, Alaska 99503

Phone (907) 563-7133
FAX (907) 561-1779
Toll-Free (800) 478-3763

joinus@alaskarealtors.com

Registration Open

2015 Convention