Tonight I received this email from my broker.
I thought the issue was extremely important to all Realtors and wanted to pass it along.
- I've heard that Cap and Trade contained a provision which could cause homeowners to retrofit their homes prior to selling them.
We know that would be a huge financial undertaking for owners prior to selling a home. Potentially it could deal a terrible blow to an already floundering Real Estate market.
Have you ever wondered what NAR does with some of you annual dues? NAR hires lobbyists to fight, either for or against bills which directly affect our business. NAR keeps on top of all bills and pending legislation that affect our industry.
In case you have not kept abreast of the status of the Cap and Trade bill, this article might be of interest to you.
- Often folks wonder why Political content would appear on a Real Estate social networking site.
Everything that goes on in Washington has a filter down effect. There is hardly a bill being considered, or recently passed that does not affect every American household. This is just one of them.
I received an email the other day regarding "a license required to sell your home." Some of it was true but NAR has been fighting it and has been successful so far. This makes you feel good when you see that they are successful. When you pay RPAC fees, this helps to fight laws that could have been passed.
If you are interested, I have forwarded a paragraph on this directly from NAR's website.
From NAR's website...
"NAR eliminated time-of-sale energy efficiency requirements from H.R. 2454: the American Clean Energy and Security Act before passing the House of Representatives. Those provisions would have prescribed and recording, public disclosure and MLS listing. NAR also succeeded in exempting existing residential and from state building labeling programs in the bill. The House bill also includes additional funding and guidelines for state governments to offer financial and other incentives to property owners who voluntarily improve the energy efficiency of homes. NAR is working to retain those exclusions as the Senate considers the House-passed legislation.
For more information, visit the American Clean Energy and Security Act page on realtor.org.
Here is more info from that page...
The American Clean Energy and Security Act
- Does not create a federal energy audit requirement for real property;
- Exempts existing homes and buildings from any federal guidelines for new construction energy efficiency information labels.
- Prohibits the implementation of any labeling during a sales transaction.
- Leaves the decision to states as to whether to require energy audits, disclosures, etc.
- Provides property owners with significant financial incentives, matching grants and tools to make property improvements and reduce their energy bills;
- Prohibits the from regulating residential and commercial buildings under the ;
- Eliminated an early proposal to allow citizens to sue over minor climate risks under the Clean Air Act; and
- Establishes green building incentives for renewable energy, block grants and credit for upgrades in mortgage underwriting. , including a loan program for