Legislative Advocacy Conference 2015
Omni Richmond Hotel
February 10-12, 2015
|Event||2015 Virginia Mortgage Lenders Association|
|Time & Date|
10:00 AM - 2:30 PM
March 25, 2015
Over the weekend, your Virginia Association of REALTORS® Policy and Advocacy team received confirmation that Governor McAuliffe signed the entire Virginia Association of REALTORS® Legislative Agenda into law. Though the specific provisions of the bills he signed will not come into effect until July 1, 2014, we are pleased that the Governor signed them, exactly as they passed the Virginia General Assembly.
DPOR is experiencing significant delays in processing applications for new and transferring real estate agents.
Monthly applications have been up almost 50 percent this year compared to last, and DPOR simply doesn’t have the staff to handle the increase.
The good news is that DPOR has been approved to pay for overtime — including having staff come in on Saturdays — to catch up on some of the backlog. It’s also received the go-ahead to hire three more staff, and expects to be able to add a fourth as well.
That will make a tremendous difference, but the agency still has had to cut back on phone and e-mail service to focus on processing applications.
The General Assembly has ended its session, and VAR had across-the-board success. Heidi explains what we accomplished this year.
U.S. House Ways and Means Chairman Dave Camp (R-MI) released a draft tax reform plan today, and the National Association of Realtors® was quick to oppose it.
The plan called for limits on both the mortgage interest and capital gains deductions, as well as the repeal of deductions for state and local property taxes.
In a statement, NAR President Steve Brown wrote:
As we've passed the halfway point of the 2014 General Assembly session, our bills look like they're doing well. Heidi provides the update.