Accomplishments

Updated Bill Information

PASSED – HB 32 – An Act providing for the issuance of one business license for multiple lines of business; and providing for reissuance of a business license to correct a mistake on the license.

  • A letter of support for HB 32 was written and sent to Representative Mia Costello who is the primary sponsor of the legislation.
  • This bill was heard in House Finance on Monday, February 17, 2014 and was held for another hearing in order to obtain more information about the fiscal impacts.
  • AAR continues to support the passage of this legislation.

PASSED – HB 60 – An Act Adopting and relating to the Uniform Real Property Transfer on Death Act.

  • The committee is in support of this bill and it may get a committee hearing this session but it is not a priority for the sponsors, Rep Gruenberg and Munoz.

PASSED – HB 282 An Act relating to the rights and obligations of residential landlords and tenants; and relating to the taking of a permanent fund dividend for rent and damages owed to a residential landlord.

  • Property Managers were asked to review HB 282 and they agreed that changing the refund time allowed on the security deposit from 14 days to 30 days is important and should be included in the bill along with clarification on the carpet cleaning procedures.
  • Discussion took place about electronic signatures being binding for Property Management leases and notices. Brenda Hewitt, staff for Rep. Issacson indicated that Alaska Statute 09.80.040 covers this issue and it is not necessary to include in HB 282.
  • Wendy Chamberlain will check to see what the current statue requires regarding property management transaction notifications (verbal, email, written or posted notices).

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