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2016 NAR Federal Policy Conference NATIONAL ASSOCIATION of REALTORS® 2016 NAR Federal Policy Conference February 4 – February 5, 2016 The Capital Hilton Hotel 1001 16th Street, NW Washington, DC 20036 NAR_2016ConferenceCover_8.5x11_2.indd 1 1/27/16 3:20 PM National Association of REALTORS® 2016 NAR Federal Policy Conference Table of Contents NAR Federal Policy Conference Agenda Page 1 2016 NAR Public Policy Survey Questionnaire Page 5 2016 NAR Public Policy Survey Results Page 25 2016 NAR Federal Policy Issues Page 31 About Our Speakers Page 97 Government Affairs Division Directory Page 129 NAR Federal Policy Conference Agenda National Association of REALTORS® 2016 Federal Policy Conference AGENDA The Capital Hilton Hotel * 1001 16th St NW, Washington, DC 20036 Thursday, February 4, 2016 1:00pm – 7:00pm Federal Policy Conference Arrivals and Registration Registration Desk Location: Upper Lobby, 2nd Level 5:30pm – 6:30pm Federal Policy Conference Networking Reception Location: Federal A & B Room, 2nd Level 6:30pm – 8:00pm Federal Policy Conference Dinner Location: Federal A & B Room, 2nd Level Keynote Speaker: Katty Kay Lead Anchor, BBC World News America Friday, February 5, 2016 8:00am – 3:30pm Federal Policy Conference Sessions Location: Congressional/Senate Room, 2nd Level 8:00am – 9:15am Federal Policy Conference Breakfast Location: Federal A & B Room, 2nd Level Keynote Speakers: The Honorable Haley Barbour Former Governor of Mississippi & Stephanie Cutter Former Deputy Campaign Manager for President Barack Obama 9:15am – 10:30am Industry Partners Roundtable Location: Congressional/Senate Room, 2nd Level Participants: Douglas Bibby, President, National Multifamily Housing Council Ed Brady, Chairman of the Board, National Association of Home Builders Ron Cooper, President, National Association of Real Estate Brokers Bill Emerson, Chairman, Mortgage Bankers Association Thomas McGee, President and CEO, International Council of Shopping Centers Rob Nichols, President & CEO, American Bankers Association Tom Salomone, President, National Association of REALTORS® Moderator: Sherri Meadows, Vice President for Government Affairs, NAR 1 National Association of REALTORS® 2016 Federal Policy Conference Friday, February 5, 2016 (cont.) 10:30am – 12:00pm Housing Finance and Credit Policy and the Influence on Millennials as First-Time Homebuyers Location: Congressional/Senate Room, 2nd Level Participants: Paul Taylor, Author, “The Next America: Boomers, Millennials and the Looming Generational Showdown” Daniel McCue, Sr. Research Associate, Joint Center for Housing Studies, Harvard University Lisa Sturtevant, Vice President, Research & Executive Director of the Center for Housing Policy, National Housing Conference Eric Sain, 2016 Vice Chair, NAR Public Policy Coordinating Committee Jessica Lautz, Managing Director, Survey Research & Communications, NAR Moderator: Sherri Meadows, Vice President for Government Affairs, NAR 12:00pm – 1:15pm Federal Policy Conference Luncheon Location: Federal A & B Room, 2nd Level Keynote Speaker: Patricia McClung Assistant Director for Mortgage Markets Consumer Financial Protection Bureau (CFPB) 1:15pm – 2:00pm Results of NAR’s Annual Policy Survey Location: Congressional/Senate Room, 2nd Level Participants: Michael Bindman, President-elect, Real Estate Business Institute Allen Gump, President, Society of Industrial & Office REALTORS® Steven Moreira, President, CCIM Institute Bob Turner, President, REALTORS® Land Institute Don Wilkerson, Senior Vice President, Institute of Real Estate Management Lawrence Yun, Chief Economist, National Association of REALTORS® Melissa Zimbelman, President, Women’s Council of REALTORS® Moderator: Sherri Meadows, Vice President for Government Affairs, NAR 2:00pm – 3:15pm Federal Policy Conference Roundtable Location: Congressional/Senate Room, 2nd Level Participants: NAR Members: Philip Becker, Chair of YPN Advisory Board Mabél Guzmán, Real Estate Advocate & 2014 Chair, NAR Conventional Financing & Policy Committee Gail Hartnett, 2016 Public & Federal Issues Liaison Vince Malta, 2016 REALTOR® Party Member Involvement Liaison Mike McGrew, 2016 Treasurer, NAR Dan Wagner, 2016 Commercial Liaison, NAR 2 National Association of REALTORS® 2016 Federal Policy Conference Friday, February 5, 2016 (cont.) 2:00pm – 3:15pm Federal Policy Conference Roundtable (Cont.) NAR Policy Staff: Megan Booth, Federal Housing Issues Charlie Dawson, Financial Services Issues Bill Gilmartin, Business Issues Evan Liddiard, Federal Tax Issues Austin Perez, Insurance Issues Melanie Wyne, Technology Issues Vijay Yadlapati, Conventional Finance Issues Moderators: Sherri Meadows, Vice President for Government Affairs, NAR Jerry Giovaniello, Senior Vice President, NAR 3:15pm - 3:30pm NAR Leadership Team Wrap-up Location: Congressional/Senate Room, 2nd Level 3:30pm Federal Policy Conference Adjourns 3 4 2016 NAR Public Policy Survey Questionnaire 2016 Public Policy Agenda Survey *1. Please describe your primary area of real estate business activity (check only one): National Association of REALTORS® Association Staff State or Local REALTOR® Association Staff Appraisal Sales and Brokerage: Residential only Sales and Brokerage: Mostly residential but also commercial Sales and Brokerage: Mostly commercial but also residential Sales and Brokerage: Commercial only Property Management Other areas of real estate 5 2016 Public Policy Agenda Survey Business Issues *2. Independent Contractor Status of REALTORS® – In recent years court challenges have been brought in a few states (CA, MA et al.) to the traditional independent contractor status of real estate agents. With the rise of “new economy” or “sharing economy”, the U.S. Department of Labor has been looking closely at worker classification issues. Both of these developments may have ramifications for the traditional independent contractor model in real estate sales. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue *3. Data Privacy/Security – Public concern about the confidentiality of personal data and information has put pressure on policymakers to increase regulation on the uses of this information. The continued proliferation of data breaches by retailers and businesses will likely motivate policymakers to introduce and apply privacy regulations governing the way large and small businesses, including real estate professionals, collect, store and share consumer information. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue *4. Electronic Signatures and Closings –Electronic signatures are a way to increase security, speed up transactions and cut costs of doing business. Electronic closings also offer the same potential benefits. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue *5. TILA/RESPA Integrated Disclosure (TRID) Regulations – New regulation that combined the prior TILA and RESPA disclosures into two forms: the Loan Estimate and the Closing Disclosure. Use of the new forms started October 3rd. Industry concerns still remain related to delays, availability of the buyer’s Closing Disclosure for agents, and what transaction documentation is provided to the seller. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue *6. Net Neutrality – Net Neutrality means that Internet service providers may not discriminate between different kinds of content and applications online. The Federal Communications Commission (FCC) implemented an “Open Internet Rule” in 2010 but that rule is being challenged in court. If that rule is overturned, real estate professionals and other consumers could find that a network operator can block certain websites or slow them down so much that they are unusable. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue 6 2016 Public Policy Agenda Survey *7. Patent Litigation Reform – “Patent Trolls” are increasingly targeting real estate professionals by sending demands to extract licensing fees for common business technologies like scanner copiers, drop down menus and website search alerts. Congress is considering legislation to close loopholes and reduce incentives for trolls to stay in business. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue 7 2016 Public Policy Agenda Survey Commercial Real Estate Issues *8. 179­D Energy Efficient Commercial Buildings Tax Provision – The Section 179D tax deduction incentivizes energy efficiency in commercial building construction. 179D is not a permanent part of the tax code, and thus must be reauthorized by Congress regularly. Short­term reauthorizations create uncertainty in the market, and do not effectively promote energy efficiency in commercial construction. High Importance .................... .................... .................... Low Importance Unfamiliar with this issue 9. 1031 Like­Kind Exchanges – Proposals have called for changes that would undermine the deferral mechanisms associated with Section 1031 Like­Kind Exchanges, which is an important aspect of the commercial real estate market. Like­Kind Exchanges encourage efficient use of property, economic growth and job creation, as well as flexibility in managing real estate portfolios. High Importance ...................
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