fbpx

Professional Development – Resources

Enhance your knowledge and skills as a REALTOR®.

Resources and Studies

At SPAAR, we know it can be a daunting task to keep current on all the resources and studies that may affect the housing market, so we’ve compiled a list here. You can also check NAR’s Washington Report for top issues posted each week.

Radon resource Licensure and Work Standards per MDH

Date published: January 2019

Publisher: Housing LTD

Abstract: Effective January 1, 2019, the Radon Licensing Act is effective. The Minnesota Radon Licensing Act (MN Statutes 144.4961) was passed by the legislature and signed into law in May 2015. The act gives the Minnesota Department of Health (MDH) the authority to write rules and enforce laws related to the radon industry in Minnesota. Professionals who measure or mitigate radon and companies that mitigate radon or perform radon lab analysis must be licensed by MDH.
Summary Full Report

GSE and resource FHA Loan Limits Raised for 2017

Date published: December 2016

Publisher: Housing LTD

Abstract: On November 23, 2016, the Federal Housing Finance Agency ("FHFA") released the 2017 conforming loan limits for Fannie Mae and Freddie Mac. The national conforming loan limit was raised to $424,100 while the limit in the most costly areas was raised up to $636,150. On December 1, 2016, the Federal Housing Administration ("FHA") released its 2017 Loan Limits. In high-cost areas the FHA national loan limit "ceiling" will increase to $636,150 from $625,500. FHA will also increase its "floor" to $275,665 from $271,050. The standard loan limit for lower cost metropolitan areas will increase from $271,050 to $275,665. The increases are due to a rise in housing prices across the country. Loan limits increased in 2,948 counties, loan limits remain unchanged in 286 counties and no counties faced a loan limit decrease.
Summary Full Report

2016 Legislative resource and Regulatory Priorities

Date published: January 2016

Publisher: Housing LTD

Abstract: The National Association of REALTORS® (NAR) represents over one million residential REALTORS® and commercial practitioners involved in all facets of the industry as brokers, sales agents, property managers, appraisers and counselors. As the largest professional trade association in the United States, NAR advocates policy initiatives that promote and protect a fundamentally sound and dynamic U.S. real estate market fostering vibrant communities. In 2016, NAR will be focused on the following public policy initiatives:
Summary Full Report