CMR's Governmental Affairs Committee works hard to identify legislative issues in our local market affecting your ability to do business. This past year they discussed and made recommendations to the CMR Board of Directors that we get involved in two issues.
One of CMR's initiatives made it onto MAR's list of legislative priorities for 2019 since other parts of the state are affected by the same issue. That issue is the last-minute transfer fees charged to new homeowners that crop up just before closing by companies that manage homeowner associations. These transfer fees are not required to be disclosed and do not carry any benefit to the new property owner or the HOA. If MAR is successful in getting the section of the Mississippi code overturned that allows charging the fees, it will be because of the relationships formed with the legislators through our RPAC efforts.
The second legislative initiative CMR is pushing is an investigation oh how we might be able to eliminate the point of sale inspections some municipalities require before allowing buyers to have utilities connected. Those inspections and fees are burdensome and generally, serve no sound purpose with regards to a home inspection. Help with this issue can be through the relationships created with locally elected officials through our RPAC efforts.
At the State level, our RPAC dollars helped Mississippi pass the First Time Homebuyer Savings Account bill last year. And at the Federal level, REALTORS® are once again fighting to have Congress extend the National Flood Insurance Program. If the ability for homeowners to buy affordable flood insurance is right for your business, then your investment in RPAC will help!
When you are paying your dues, please keep your Fair Share RPAC investment included in your payment. RPAC dollars help elect the officials who vote for or against REALTOR® initiatives.