Finance

Jul 14 2017

Welcome to the Newport County Board of Realtors #real #estate #charlotte #nc


#ri real estate
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Announcements.

ALERT: SOPHISTICATED SCAMS TARGETING REAL ESTATE TRANSACTIONS IN RI

October 1, 2015

A Rhode Island real estate broker has reported a particularly sophisticated wire scam. A scammer hacked an agent’s email, monitored transaction information and then sent emails using the agent’s email address to buyers instructing them to wire funds to the broker’s escrow account. Apparently, the emails also connected the scammer with actual home buyers and addresses of property that they wished to buy. Read More

HOUSE AND SENATE APPROVE 8% RENTAL TAX

June 30, 2015

What is the private home rental tax? Article 11 of the RI FY 2016 Budget (H 5900 Sub A) requires a homeowner or rental agent to collect an 8% tax (7% sales tax and 1% hotel tax) from each tenant who rents an entire cottage, home, or other residential dwelling for 30 days or less*. Those who rent part of a home for that time period – 1 to 2 rooms for example, are required to pay a 13% tax (7% sales tax, 1% local hotel tax and a 5% hotel tax.). Read More

FEDS PROPOSE DELAY OF NEW TILA/RESPA CLOSING PROCEDURES UNTIL OCTOBER 1, 2015

June 30, 2015

By now, you may have heard that mortgage and closing procedures will change in 2015. How will this affect your closings?

What are the changes? The Consumer Finance Protection Bureau (CFPB) will impose new deadlines on lenders to protect borrowers from last-minute changes to their loan and closings costs. Read More

PLAN TO REPLACE CESSPOOLS WITHIN 12 MONTHS AFTER CLOSINGS PLANNED FOR JANUARY 2016

June 30, 2015

Both House and Senate voted overwhelmingly (61-9, 53-1) to approve legislation to require all cesspools in the state to be replaced with an on-site wastewater system or connect to sewer where available within 12 months of the sales or transfer of real estate, starting with closings on January 1, 2016 or later. If you’re working with the seller or buyer of real estate, make sure to address this in your negotiations. Read More

NAR BOARD APPROVES NATIONWIDE BROKER DATA ENTRY SYSTEM

May 22, 2015

The NAR Board of Directors at its 2015 meeting May 16 in Washington, D.C. approved a partnership between NAR and its wholly owned subsidiary Realtors Property Resource and another company, UpStream RE, LLC, to create a data entry and collection system for the brokerage community using the RPR advanced Multi-list platform (AMP). Read More

FAA PROPOSES COMMERCIAL DRONE RULES

February 19, 2015

The Federal Aviation Administration has issued proposed rules for the commercial use of unmanned aerial vehicles (UAVs), or drones. Read More

A MESSAGE FROM YOUR PRESIDENT

November 25, 2014

It is going to be an exciting year; I joined nearly 17,000 Realtors and industry experts from across the country at the 2014 Realtors Conference and Expo held in New Orleans, November 7-10.

I met with the leadership from Rhode Island and others across the country in workshops to strengthen our individual associations. Read More

2015 PRESIDENT’S CHARITY

November 26, 2014

President Belinda Nattress has selected Child & Family as her charity of choice for 2015. Child & Family is the largest and most comprehensive social service provider in Newport County, and one of the largest in the State of Rhode Island. Read More


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