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Federal Ruling Eliminates Burdensome Financing Roadblock for Military Veterans 

A ruling from the United States Department of Veteran Affairs (VA) has cleared the way for military veterans in Michigan to have full access to affordable financing on all types of homes they seek to purchase. 

Prior to the ruling, veterans were not fully eligible for their earned VA home purchasing benefit. Specifically, the VA interpreted single-family homes in site condo developments as “condos” in their processing protocols. This triggered additional reviews that delayed and even eliminated VA financing for these particular homes. In addition, it is estimated that over 90% of all single-family homes now constructed in Michigan are being built in site condo developments.

This new VA ruling comes after this issue was brought to Congressman Jack Bergman (R-Michigan) by the Michigan Homebuilders Association and the Michigan Realtors®.  We truly applaud the efforts of Congressman Bergman and the Department of Veteran Affairs for streamlining financing protocols for military veterans in order to level the playing field for all home purchases in Michigan. 
 
Realtors® Celebrate National Homeownership Month
 
In recognition of National Homeownership Month in June, National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty issued the following statement:

“National Homeownership Month is a time to celebrate and promote the modern American Dream of owning a home. Homeownership changes lives and enhances futures, and many Americans see it as one of their greatest hopes. These individuals are counting on the nation’s 1.3 million Realtors® to champion and protect homeownership and help make it more affordable, attainable and sustainable. Realtors® pledge to continue to lead efforts to ensure that the dream of homeownership is not only possible, but very real, for any and all who want to achieve it, so they can have a place of their own to make memories, start growing their financial futures, and build strong communities.”

For Homeownership Month resources, visit
Homeownership Matters and HouseLogic.
 

#HomeownershipMonth #HomeownerHero

 
From The Mailbag
Watch New Video Series | From The Mailbag
 

“From The Mailbag” is a monthly Q&A style video series. Each video will highlight a selected legal topic and feature questions asked by our member-viewers and answered by an attorney from the Michigan Realtors® Legal Team.
 

Watch Episode 1
 
Register for NAR Tech Edge | June 7 | Lansing

Only a few spots remain for NAR Tech Edge! This one-day event is heading to Lansing on Thursday, June 7th. Focusing on building your online presence, keeping your data secure and staying current on the hottest tech trends are just a few reasons this experience is worth investing in. There’s still time to register. 


Register for Tech Edge
 
Will you be ready to Renew on October 31, 2018?

CE Marketplace is here to help you with your renewal requirements. Within each 3-year licensing cycle, licensees are required to complete 18 credit hours of continuing education that involve any subjects that are relevant to the management, operation, and practice of real estate. At least two credit hours of Real Estate Legal CE are required for each calendar year of the license cycle. The remaining 12 credits can be either legal or elective and taken any time during the cycle. 

If you need additional credit hours to meet the state requirement, classes are listed on the
CE Marketplace Calendar and are audit proof. The calendar allows you to look for certified classes to meet your requirements based on speaker, legal, elective, and in class room or online.

For more information on how to use the CE Marketplace for all of your CE needs, visit our
FAQ page or give us a call at 844.642.6633.
 
Letter of The Law: Season 2 Now Available On Demand

Season 2 of Letter of The Law is now available for purchase On Demand. The online course is CE Marketplace Certified for 2.0 hours of Legal CE.


Get Season 2 
 
Reminder: 2019 District Director Elections 

If you are interested in running for Michigan Realtors® District Director, nominations will be held open until Friday, July 13, 2018. Nominations are open for Michigan Realtors® Director in the following districts: 1, 4, 6, 9, 11 and 14.


Learn more and view qualifications
 
Legal Lines – Question of the Month
 
With the help of McClelland & Anderson, we are taking the most recently asked questions from our legal hotline and putting them in E-news. We will be featuring a different question each issue.
 
QUESTION:
I am a licensee buying a property. I am not taking a commission. Does foregoing a commission exempt me from having to disclose the fact that I am a real estate licensee?
 
ANSWER:

No. You are required to disclose that you are a licensee when you buy or sell property. Whether you receive a commission or not has no bearing on your duty to disclose your license status.
 
For more Legal Q&A, visit our
Legal Resources Web site.
 
Featured Member Benefit: UPS Discounted Shipping

Don’t forget, as a Michigan Realtor® you can save big every day with UPS. Through our partnership with UPS, you have
exclusive access to the UPS Savings Program, which provides Michigan Realtors® up to a 28% discount on UPS shipping. To sign up for the program click here.
 
NAR Tech Edge
June 7, 2018
The Cadillac Room
Lansing

Register

RPR Webinar
July 26, 2018
Ultimate Realtor® App – RPR Mobile
CE Marketplace Certified 1.0 hr

Register

The Convention
September 26-28, 2018
Grand Traverse Resort & Spa
Traverse City

Learn moreExhibit/Sponsor
Registration opens next week!

 
 
MSHDA
CE Marketplace
Earn Your PSA
On-Demand Continuing Education
Fair Housing