In the following video from NAR General Counsel Katie Johnson, we learn about a successful challenge brought by NAR that has resulted in a settlement where the owner agreed to not assert its patent against the entire real estate industry, including brokers and MLSs.
A patent troll that’s been seeking fees from real estate companies agreed to stop its practice in exchange for settling an NAR challenge to the validity of its patent. Other news in this latest NAR news video looks at the drop in FSBOs and other trends in the the 35 years NAR has been producing its Home Buyer and Seller Profile, how big the supply gap is in metros across the country, how NAR is trying to make it easy for its members to register to vote, and what to look for next year in the new Congress.
The video also invites NAR members to register for a live webcast on HUD’s rules implementing NAR-backed FHA condo finance changes.
In this weeks video from the NAR YouTube channel, NAR’s Director of Broadcasting Stephen Gasque talks bout the upcoming 2015 NAR Legislative Meetings where more than 8,000 REALTORS will travel to Washington to help ensure federal legislation and regulations help rather than hurt real estate. Stephen talks with Sen. Shelley Moore Capito (R-W.Va.) and NAR Chief Lobbyist Jerry Giovaniello talks about priorities in NAR’s legislative town hall meeting.
We also learn about lawmakers getting tough on patent trolls and NAR Senior Counsel Finley Maxson provides advice on preparing for August 1 changes to closing procedures.