CDAR President Wendy Formica Joins Realtors® , Industry Leaders To Tackle National Real Estate Issues at Conference and Expo
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“As the leading advocate for homeownership and real estate issues, Realtors® are engaged on important legislative and regulatory issues that could impact the industry over the coming year, and we are working hard to ensure that our voices are heard on important housing and industry issues,” Formica said. “During the week, Realtors® advocated solutions for important issues facing home buyers, sellers and investors, such as affordable flood insurance rates, ongoing residential and commercial lending challenges, and the potential impacts of pending legislation and recent regulatory developments.”
“The flood insurance issue is huge throughout the country and needs to stay top of mind to everyone in the industry,” Formica said.
Also attending the national conference were CDAR members Sharon Rogers, Judy Zeigler, Heather Ozur and Leslie Munger.
This year’s conference theme, “Rise to New Heights”, encouraged Realtors® to face current market challenges head-on and insist that policymakers keep housing first on the nation’s public policy agenda. Panelists and speakers included Federal Housing Administration Commissioner Carol Galante, Ginnie Mae President Ted Tozer, U.S. Senator Debbie Stabenow, Federal Reserve Bank of San Francisco Senior Economist John Krainer, Wells Fargo Home Loans President Mike Heid, Quicken Loans CEO Bill Emerson, Bank of America’s Home Loan Sales Executive Matt Vernon, JPMorgan Chase Mortgage Banking CEO Kevin Watters, and former FHA Commissioners Brian Montgomery and John C. Weicher.
Throughout the week, Realtors® participated in forums, classes and workshops; the resources, information and skills they gathered there will help them positively influence their local communities and engage local leaders. Most importantly, the new knowledge gleaned by Realtors® who attended the conference helps them more effectively serve their home buyer, seller and investor clients.
A great new benefit being launched by NAR is the new (dot) REALTOR domain name. Only members of the National Association of REALTORS® and the Canadian Real Estate Association can call themselves REALTORS® and only REALTORS® are allowed to use the new .REALTOR domain in connection with their names. Expect to see this rolled out in early 2014.
Formica represented CDAR as the voting Delegate member for CDAR at the Delegate Body Meeting to review proposed amendments to NAR’s constitution, bylaws and code of ethics.
During the conference, Steve Brown, a Realtor® from Dayton, Ohio, was installed as the 2014 NAR president. Brown said 2014 would be an important year for real estate.
“The time is now for Realtors® to engage on all fronts. While the national housing market is showing signs of a durable recovery, some critical housing industry issues must be addressed before a full recovery can take place,” he said. “In 2014, Realtors® will continue to urge lawmakers to preserve property and homeownership tax policies as they consider federal tax reform.”
Formica also had the chance to explore the latest industry innovations and products that are transforming the real estate business. Nearly 400 exhibitors showcased the newest real estate products and services for the industry during the trade expo.
The California Desert Association of REALTORS®, The Voice for Real Estate® in the Coachella Valley, represents more than 3,000 real estate professionals from Palm Springs to Coachella. REALTORS® hold themselves to a higher standard yet only about a quarter of California licensed real estate agents are REALTORS®. You can be sure you’re working with a REALTOR® by visiting us online at www.CalDesertRealtors.org. For more information, please call (760) 346-5637 or visit online at www.CalDesertRealtors.org
CONTACT:
Ann Ritchie, Executive Vice President
(760) 346-5637
(Media) John Hussar
PRNewsWorks (760) 567-8073
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