Commission News

The Alaska Real Estate Commission held its final meeting of 2014 on December 3rd at the Atwood Building in Anchorage.

The initial rewrite of the Alaska Real Estate Commission Consumer Pamphlet and Waiver of Right to Be Represented proposed in June generated considerable public comment at the September 12, 2014, meeting.  As a result, the Commission held a special work session on November 12, 2014, to address concerns that were raised.

The revised versions, were adopted, have been noticed for written public comment, and will be considered at the next meeting.   Any person who submitted written or oral comments previously does not need to resubmit them as those comments are a part of the record and will be reviewed during the Real Estate Commission’s deliberation on February 25, 2014.

Discussion was also held regarding advertising of a business name.   Initial consideration was given to a proposed regulation change at the September meeting and the conversation continued during this meeting.  Concerns  were raised, include the “branding”  many licensees have undertaken for name recognition, as well as confusion at the consumer level when it comes to identifying the brokerage.  The discussion will continue at the next meeting.

The status of Errors and Omissions insurance is still on hold while the office of Procurement  for the State of Alaska develops an Invitation to Bid to solicit proposals for coverage.

Finally, it is renewal time for real estate instructors.  All instructor certifications expire on April 1, 2015.  Renewal information and forms are available on the Real Estate Commission website.   Instructors are encouraged to submit their renewal applications well in advance of expiration.

http://commerce.state.ak.us/dnn/Portals/5/pub/rec4174.pdf

The next meeting of the Alaska Real Estate Commission will begin at 9:00 a.m.,  February 25, 2014, at the Atwood Building,, 550 W. 7th Avenue, Room 1270,  in Anchorage.

Submitted by Anita Bates, Dwell Realty
Alaska Real Estate Commission Liaison

 

Realtors® Applaud CFPB’s Extended TRID Implementation Deadline

WASHINGTON (July 21, 2015) — The following is a statement by National Association of Realtors® President Chris Polychron in support of the Consumer Financial Protection Bureau’s announcement today that the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure, or TRID, implementation date has been moved from August 1 to October 3:

“NAR has worked diligently with the CFPB throughout this process, helping to ensure that the upcoming harmonization of TILA-RESPA disclosures is carried out with as little disruption to the industry as possible. In addition, NAR has worked hard to ensure our members have everything they need to comply with the rules while continuing the business of real estate without interruption.

“August is a busy time for Realtors®, as home buying and selling picks up around the summer season. CFPB’s recognition of the challenge that an August implementation posed for the industry is a big win for Realtors®, for lenders, for consumers and for everyone involved.

“An October 3 implementation will help ensure that our industry has time to prepare for the changes ahead while helping consumers get to closing without delay.

“NAR will continue to keep members updated on the rule and ensure they have the tools to comply with the changes coming their clients’ way. We will also continue communicating any Realtor® concerns about the implementation to the CFPB and look forward to a continued partnership as the TRID rule goes into effect later this year.”

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