Legislation

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RESPA Home Warranty / Referral Compensation Ruling

Jun 29th, 2010 | By Steve Kornspan | Category: Buyer Info, Legislation

New RESPA Interpretive Rule: DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Part 3500 [Docket No. FR–5425–IA–01] TITLE: Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies’ Payments to Real Estate Brokers and Agents AGENCY: Office of General Counsel, HUD. ACTION: Interpretive rule. DATES: Effective date: June 25, 2010. Comment Due Date: July 26, 2010. SUMMARY: Under section 8 of [...]

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Homebuyer Tax Credit Extension Hits the Wall

Jun 25th, 2010 | By Steve Kornspan | Category: Buyer Info, Finance, Legislation

From  Steve Cook Real Estate Economy Watch On June 25, 2010 @ 10:29 am Legislation containing a three month extension of the popular homebuyer tax credits that would allow buyers to close by September 30th died in the Senate last night and the opportunity to extend the credits past the current deadline of June 30th [...]

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Kansas Home Inspectors Now Need License

Feb 25th, 2010 | By Steve Kornspan | Category: Inspection, Legislation

To protect the consumer, new legislation went into effect January 1, 2010, requires all Kansas home inspectors be registered with the Kansas Home Inspectors Registration Board (KHIRB) in order to provide home inspection services. If a home inspector does not register with KHIRB by this date, they are prohibited from performing home inspections.  KS Home [...]

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2010 Kansas Senate – Johnson County Delegates

Jan 12th, 2010 | By Steve Kornspan | Category: Legislation

2010 Kansas Senate roll call Here is a listing of the 2010 Kansas Senate Legislators  from Johnson County Kansas.  Thank you all for your hard work. Especially in this toughest of years. 

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2010 Kansas House of Representatives – Johnson County Delegates

Jan 12th, 2010 | By Steve Kornspan | Category: Legislation

2010 Kansas House roll call Here is a list of the 2010 Kansas House Legislators  from Johnson County Kansas. Thank you all for your hard work. Especially in this toughest of years. 

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Closing Timelines and 2009 Federal Regulations

Jul 4th, 2009 | By Steve Kornspan | Category: Appraisal, Buyer Info, Finance, Legislation

Consumer protection regulations have been put in place to ensure that homebuyers receive better information, especially regarding cost disclosures, earlier in the mortgage process. New Truth in Lending disclosure requirements take effect July 30, 2009 and the timing of your closings may be impacted. With the new regulations you may need to plan for at [...]

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Amending the Kansas Real Estate Brokers’ & Salespersons’ License Act

Mar 28th, 2009 | By Steve Kornspan | Category: Legislation

HB 2068 amends the Kansas Real Estate Brokers’ & Salespersons’ License Act. Among other revisions, this legislation revises the definition of “office” to include any permanent location regularly used for real estate business; authorizes the Real Estate Commission to designate a course of study to fulfill any specific education requirements; and allows the commission to [...]

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Kansas Legislature Approves Legislation to Protect Homebuyers from Hidden Fees in Real Estate Transactions

Mar 19th, 2009 | By Steve Kornspan | Category: Legislation

Last week, the Kansas Senate approved legislation (HB 2092) on a unanimous vote of 40 to 0 that protects homebuyers from hidden fees buried in the deed covenants that require them to pay a private transfer fee (typically 1% of the sales price) to a designated third party.. HB 2092 passed the Kansas House of Representatives last month [...]

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Federal Legislative Updates – Real Estate

Feb 28th, 2009 | By Steve Kornspan | Category: Legislation

FEDERAL Update from KCRAR Government Affairs Housing Components of ARRA A homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed into law Feb. 17. For more information on the Housing Industry components of ARRA, go to: ARRA Homeowner Affordability and Stability Plan On February 18, 2009, President [...]

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Missouri Real Estate Legislative Issues Update

Feb 28th, 2009 | By Steve Kornspan | Category: Legislation

 UPDATE FROM KCRAR GOVERNEMENT AFFAIRS Funkhouser says no to police funding cuts, property tax increase Cauthen’s budget proposal also followed up on a consultant’s suggestion that the city adjust its property tax to cover capital improvements bond debt. The increase would raise $8 million annually and cost the owner of a $100,000 house about $25 [...]

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