Chris Wood, Broker

In a letter from Vicki Cox Golder, the current National Association of Realtors® We learn some good news coming from congress.

To: All REALTORS®

From: Vicki Cox Golder, 2010 NAR President

Date: July 1, 2010
Re: NAR Update:  Tax Credit Deadline Extended; Flood Insurance Program Reinstated
Dear fellow REALTOR®,
I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010.  This is a huge win for REALTORS®and homebuyers, and NAR worked closely with members of Congress to make it happen.

The extension applies only to transactions that had ratified contracts in place as ofApril 30, 2010, and have not yet closed.  There will be no gap between June 30 and the date the President signs the bill into law. 

Additionally, Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted.  NAR will continue to work with Congress on the NFIP Reform bill, and we will keep you posted on those efforts.

For additional information on both the tax credit deadline and the NFIP, visitRealtor.org/Government_Affairs.

Neither of these bills would have passed without your support.  Nearly 83,000 REALTORS® responded to our latest Call for Action, sending more than 250,000 letters to Congress asking them to extend the National Flood Insurance Program.  I know many of you also raised your voices in support of extending the tax credit deadline.

On behalf of NAR, I thank you, and I ask that you visit the RealtorActionCenter.comand make your voice heard on every issue.

Sincerely,

Vicki Cox Golder, CRB
2010 NAR President