Appraisal Changes Coming for Fannie Mae Loans
Appraisers will be required to use American National Standards Institute – or ANSI – Measuring Standard for measuring, calculating and reporting gross living area and non-GLA areas of properties requiring interior and exterior inspections on loans sold to Fannie Mae.
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Pennsylvania Realtors® Ring for Red Kettle Campaign
Realtors® from 13 local associations across the commonwealth volunteered to ring bells for the Salvation Army’s Red Kettle campaign in early December.
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NAR Adopts Changes to MLS Policy
The changes ensure disclosure of compensation offered to buyer agents, ensure listings are not excluded from search results based on the amount of compensation offered to buyer agents and reinforce that buyer brokers do not represent their services as free. The changes take effect Jan. 1, 2022.
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Earn Fair Housing CE at Triple Play
The Triple Play Realtor® Convention and Trade Expo will offer several three-hour fair housing courses, which are approved for required Pennsylvania CE, in addition to other Pennsylvania-approved CE.
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Realtors® Volunteer to Assist Charitable Organizations
“Realtors® are always looking for ways to help their communities and those in need. These activities are indicative of the important role Realtors® play in communities,” said PAR President Christopher Raad.
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Best of the Legal Hotline: Spooky Stories
The weirdest and scariest inquiries received in PAR’s Legal Hotline were highlighted in the recent Best of the Legal Hotline: Spooky Edition webinar.
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What to Expect with New Flood Insurance Rates
Flood insurance rates through the National Flood Insurance Program are changing beginning Oct. 1 as the new Risk Rating 2.0 is implemented. All new policies will be rated with RR 2.0 as of Oct. 1, and current policies will reflect the RR 2.0 rate as of April 1, 2022. “Some properties in Pennsylvania will see increases, some will see decreases and others will remain the same,” according to Maggie Dunn, outreach coordinator for the Mitigation Division at Federal Emergency Management Agency Region 3, which includes Pennsylvania, Delaware, District of Columbia, Maryland, Virginia and West Virginia.
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Association Staff Across the Commonwealth Receive At Home With Diversity Certification
Fifty-two staff members from 14 associations achieved the AHWD certification.
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Bucks County Uses NAR Grant to Help Homeowners Impacted by Recent Flash Flooding
Six to 10 inches of rain fell in less than four hours in Bucks County, causing a “100-year flooding” of the Neshaminy Creek, which runs through Bensalem Township, Bristol borough and Bristol Township. The flooding emergency closed many roadways and required emergency evacuations of dozens of residents in several communities. More than 800 families suffered loss or damage to their homes due to this flooding and many of the homes in this area did not have flood insurance because they aren’t located in a flood zone.
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Fair Housing Discrimination Based on Disabilities Still a Frequent Complaint in Pennsylvania
The Fair Housing Act prohibits housing providers from discriminating against people with disabilities, including refusing to make reasonable accommodations in policies or practices when such accommodations may be necessary to provide persons with disabilities an equal opportunity to use or enjoy a dwelling. This includes permitting persons with disabilities to have service animals or assistance animals. Housing providers may not prohibit people with disabilities from having assistance animals that perform work or tasks or that provide disability-related emotional support.
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