Why Volunteer for HAR/TAR/NAR!

February 15, 2011

While I do not exactly live and breathe real estate, you just might think I do by the amount of time I give it, both as a Realtor and as a volunteer. In fact, today I returned from our bi-annual governance meetings in Austin and I am first to admit that I am thoroughly “pooped”.

Why do I do it?  Why would I spend so much time away from my business and family on volunteer projects that at first glance do not make me money? I am often asked these questions and want to share my personal experience with you.

As a volunteer, you get to…:

  • Surround yourself with industry leaders and innovators, nationally recognized and gifted individuals known for their contributions to our industry. These are people usually who move in different circles than we do. In fact, you might rarely get to meet them, much less work with and learn from them without giving of yourself and your time to the things they love – the business of real estate.
  • Learn something new every single day. This is the best form of continuing education and is being taught by the true masters in our business.
  • Be “in-the-know” and at the forefront of industry trends and technology. Things change so fast with regard to contracts, marketing, social media, etc. that you may end up with a huge advantage over your competitors by leading the pack.
  • Network with like-minded professionals across the State and Nation, which could pay off in quality future referrals. I have been fortunate to receive referrals from many fellow Realtors with clients moving to or from my area of Katy, TX. And I also have a great resource to refer my clients when they move. A true win-win situation. 
  • Serve your fellow members, building good will and a strong reputation with your peers. Plus, it really does the heart good!
  • Make an impact on your industry. You might just be the next great innovator or “influencer” and your association and its members will benefit.
  • Enjoy your business more thoroughly through building life-long relationships. Some of my best friends are Realtors who work hard and play harder. This is a group that enjoys life and they never get upset if I have to text a client or take a call. They truly understand me and my life as a busy Realtor.

There are so many more reasons for you to step up to the plate. What is stopping you? Volunteer Today!


HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit

May 16, 2009

WASHINGTON, May 12, 2009

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the

Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.

Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo here.

Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Donovan said the Obama administration plans to further stabilize the housing market. “I do think we have some early signs hat the market overall is stabilizing,” said Donovan. “Since January we’ve seen both home sales moving up and down around a relatively stable number and we are seeing the first signs that the rapid decline in home prices is starting to abate.”

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said, “As the leading advocate for housing issues and homeownership, NAR continues to take a leadership role in promoting ideas for improving our economy by stabilizing the housing and real estate markets. Today we have the best of the best to begin a dialogue, develop solutions and initiate action toward real estate and economic recovery.”

The morning session included a panel discussion that was moderated by CNBC’s Ron Insana. The 13 panelists and Realtors® in attendance examined cutting-edge solutions necessary to promote and preserve homeownership and real estate development, stimulate the economy, and protect the nation’s taxpayers. They also shared their ideas on what the role and responsibility of the federal government is in the revitalization effort.

The list of distinguished panelists include Dr. Martin Feldstein, professor of Economics from Harvard University; Dr. Barry Bluestone, professor of Political Economy from Northeastern University; John Taylor, CEO of the National Community Reinvestment Coalition; Maria Kong, president of the National Association of Real Estate Brokers; and Sarah Rosen Wartell, executive vice president for the Center for American Progress.

“Right now the Federal Reserve is the market,” said Jay Brinkman, chief economist for the Mortgage Bankers Association. “What will be the effect when the Fed stops buying?” Brinkman explained that an exit strategy must be planned for the long-term; the federal government cannot continue to support the mortgage markets indefinitely.

“We must make sure FHA and the GSEs are supported,” added the Wharton School’s Susan Wachter.

“We are thrilled that so many high-caliber individuals were able to join us today at this important meeting to promote stability in the housing market and the U.S. economy,” McMillan said. “We look forward to an ongoing dialogue and action toward this goal, during our midyear meetings this week and beyond.”

The real estate summit is part of the Realtors® Midyear Legislative Meetings & Trade Expo here through Saturday. During the week, more than 8,500 Realtors® will attend meetings, visit lawmakers and inspire action on Capitol Hill.

National Association of Realtors