Risk Rating 2.0 was designed by FEMA to modernize the National Flood Insurance Program’s insurance pricing methodology and more accurately tie its rates to the flood risks of individual properties. It begins to take effect on Oct. 1, 2021.
The licensing law contains a limited exclusion from the licensing requirement for persons employed by the owner for managing and maintaining multifamily residential properties. To rely on this exclusion, the regulations require the owner to retain all decision-making authority, including conditions of occupancy, negotiating leases and entering into leases with tenants.
The commonwealth is the sixth in number of victims, with 18,636 reporting crimes. And losses totaled more than $108 million in 2020, making Pennsylvania eighth in the country. That’s up about $13 million from 2019, with nearly 8,000 more victims.
Only 32,526 single-family homes and condos were flipped in the first quarter of 2021, representing just 2.7% of all sales, or only one in 37 transactions. This is the lowest level of flips in 21 years.