The following Field Guides have recently been updated in the Library:
NEW in the Library at nar.Realtor:
Smart Device Safety
Smart devices are fun to use, make our lives easier, and run the gamut from cell phones to home appliances to children’s toys. However, with this technology come security risks. A rule of thumb to keep in mind is that a smart device not only has the ability to relay information to you, it also has the ability to relay information about you.
Updated in the Library at nar.Realtor:
Real Estate Settlement Procedures Act (RESPA)
The Real Estate Settlement Procedures Act (RESPA) was signed into law in December 1974, and became effective on June 20, 1975. The law has gone through a number of changes and amendments since then, all with the intent of informing consumers of their settlement costs and prohibiting kickbacks that can increase the cost of obtaining a mortgage.
RESPA covers loans secured with a mortgage placed on one-to-four family residential properties. Originally enforced by the U.S. Department of Housing & Urban Development (HUD), RESPA enforcement responsibilities were assumed by the Consumer Financial Protection Bureau (CFPB) when it was created in 2011.
This Field Guide features resources to help real estate professionals understand RESPA, navigate RESPA marketing service agreements, and more.
Real estate sale by auction is an innovative and unique method for completing real estate transactions. This process often accelerates the sale process, exposing a property to numerous buyers in a short period of time. Read below to learn the benefits and drawbacks to real estate sale by auction.
Underground Storage Tanks (USTs)
Until the mid-1980s most underground storage tanks (USTs) were made of bare steel, which is likely to corrode over time and allow UST contents to leak into the environment. The greatest potential hazard from a leaking UST is that its contents (petroleum or other hazardous substances) can seep into the soil and contaminate groundwater, the source of drinking water for nearly half of all Americans.
Recruiting & Retaining Salespeople
In this highly competitive real estate marketplace, how do you find and hire successful agents—and what’s the best way to prevent your top producers from switching to another firm? The material on this page will help you discover what makes a top producer and offers some of the latest tips and techniques for hiring successful, reliable agents and keeping them on your team.
Retail Property Market
Retail property is under stress, with empty stores, little growth and customers who prefer to shop online. Find out current trends, forecasts, and what is happening in retail leasing and investing.
Working with International Clients
The topic of international clients garners great interest and attention amongst real estate professionals and news providers these days. The real estate markets in the United States offer lucrative investment opportunities that attract a global audience. How can you capture the attention and interest of these prospective clients? Review the articles, reports, and resources below to learn more about international clients.
Commuting and the Home Buying Decision
Commuting – the bane of our workweek! For many Americans, commute times or public transportation options figure strongly in their home-buying decisions. This field guide offers statistics, articles, and even alternatives to mind-numbing rush hours.
Drones & Real Estate
Drones, or unmanned aerial vehicles (UAVs), are currently used for law enforcement, national security, commercial and scientific purposes. The Federal Aviation Administration sets out the rules here for commercial drone operations. This Field Guide includes resources to help REALTORS® stay abreast of the legal status of utilizing drones, and to learn about the use of drones for the real estate industry.
China Real Estate
China has a growing interest in real estate, both in China and in the United States. Wealthy Chinese buyers are investing in bricks and mortar. In this updated Field Guide, you will find Chinese-language real estate listings, current articles about real estate in China, Chinese buyers in the U.S., books and website.
Get the latest on office building trends, such as cargotecture and much more in this updated field guide.
Association Budgets & Reserves
Creating and maintaining a successful association budget doesn’t have to be a headache. Take the pain out of budgeting with these tools available through NAR’s library at Information Services.
Short-Term Rental Restrictions
According to the 2016 NAR Investment and Vacation Home Buyers Survey, most respondents purchased a vacation property for personal use, but, of investment buyers, 41% purchased with the intent of renting to others. Renting out a vacation home can offset the costs of this investment until retirement. But what happens when a community acts to restrict short-term rentals?
Preparing & Staging a House for Sale
Banish the clutter! Trim the bushes! Hide your Star Wars collection! Take down the family pictures! What can you do to prepare a house for sale? Here are tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers.
Mortgage Interest Deduction
Introduced along with the Income Tax in 1913, the Mortgage Interest Deduction (MID) allows homeowners who itemize their taxes to deduct mortgage interest attributable to primary residence and second-home debt totaling $1 million, and interest paid on home equity debt up to $100,000. Though the MID is a popular tax deduction for millions of U.S. homeowners, it has become a controversial topic in recent years. This field guide highlights basics, perceived pros and cons, IRS rules, and more to get you up-to-speed on this widely-debated tax deduction.
Opening a Real Estate Brokerage
Thinking about opening your own real estate business? Find out if you are ready to be a boss, tips on writing a business plan, and much more.
You have probably attended many meetings that did not feel like productive uses of your time. Don’t repeat this mistake with your sales meetings. Meetings are a necessary part of business. Find useful tips and links for planning productive sales meetings in a challenging market in this updated field guide. Get money-saving ideas for your business and yourself. We’ve gathered the best tips, websites and eBooks to help you out.