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Flood Insurance Bill Signed Into Law
Earlier today President Obama signed the Homeowner Flood Insurance Affordability Act (HR 3370) into law. This is great news and we should hopefully start seeing some relief from Biggert Waters very soon. Here are some quick differences with the new law:
– Eliminates the sales trigger, which means those purchasing new homes will not see automatic increases to full risk rate and they are allowed to assume policies.
– Restores grandfathering, allowing those who initially built to code to continue paying their current rate even after map changes.
– Properties not paying actuarial rates will see an annual increase of at least 5% but no greater than 18% until reaching actuarial rate (25% for non-primary and business properties)
– Properties not paying actuarial rates will also have an annual surcharge of $25 for primary residences and $250 for non-primary and business properties.
For more information on the Homeowner Flood Insurance Affordability Act, or to schedule to have one of NOMAR's Governmental Affairs Directors come to your office to discuss the new law and the impact it may have on real estate, please contact Senior Governmental Affairs Director Kelli Walker at (504) 885-3200 or at
Fundraiser for Tom DiCarlo, Husband of April Blanchard DiCarlo of Keller Williams Realty 455-0100
Please join us for an awesome party with food, raffles, auctions, live music and a crazy good time while helping an amazing family! Tom DiCarlo was brought to the emergency room in February with horrible stomach pains. After many test, the conclusion was made that he needed emergency sugery for his colon. Tom is home now, bus has a long recovery ahead of him, including antoher surgery in the next few weeks. With no insurance coverage their medical bills will be very hefty. They are truly in need of financial help. Please come help us make this a truly exceptional event to help April & Tom.
The event will be held at The Spotlight Bar & Grill, 2925 Harvard Ave, Metairie, on Sunday, March 30th, 3pm 'til ...
LIVE MUSIC BY: 5 eaux 4, Gwen & The Old Man (Dan Voorhies) and Da Meat Dept. .... and more!
2014 WATER CHALLENGE DAY - Monday, March 24th
Louisiana is a water state. Nearly every meausure of our worth or description of who we are is connected to water. Water is big business, and flows through virtually every aspect of the global economy. If we look at water through an entrepreneurial lens we see myriad opportunities to transform Louisiana into a globally influential water leader. To achieve this we need a statewide culture of innovation, in which every citizen is water-aware and able to connect their energy and ideas to systems that accelerate their passion for taking-on our water challenges.
For the past four years, the Greater New Orleans Foundation and The Idea Village have led an effort to spark the transformation of Louisiana into a global water power by sponsoring and producing the Water Challenge entrepreneurial competition. This exciting program discovers and nurtures water entrepreneurs, highlights opportunities, and attracts international attention to our many water issues and assets. It is a day to learn from and network with internationally recognized water leaders, to discover and build new collaborations, and to celebrate the entrepreneurial spirit of our resourceful Louisiana citizens.
We hope you can join us at this year's GNOF/Idea Village Water Challenge Day on Monday, March 24th at Gallier Hall during New Orleans Entrepreneur Week when we shine a light on innovation in Louisiana. Although online registration is closed, you can register on-site. The day starts with a focus on the rapidly growing financial systems supporting water innovation, so arrive early to allow time for walk-in registration.
Click on the following link for more information. http://www.nomar.org/images/PDF/WC2014DayFoam3.17.14.pdf
UPCOMING EVENTS
North Shore REALTOR® Mixer - Tuesday, March 25th
at George's Mexican Restaurant, 5:30-7:30pm. 2 for 1 Margaritas and Draft Beer. You are invited for a fun night while networking with your fellow REALTORS® and Affiliates.
Please RSVP to
Home Buying Course "Spanish" March 29th and 30th
Realizing the need to simplify the path for citizens to achieve, "the Dream of Homeownership", Sulli Educational Services, Inc. is sponsoring a 12-hour certified homebuyer program. The Spanish course is Saturday, March 29th, 10:00am to 6:00pm and Sunday, March 30th, 1:00pm to 5:00pm. You must attend both days of the course. All 12-hours are necessary to receive a certificate. The program is $80.
At the end of the course students will receive verification of training that within income limitation opens the door to the various programs in assistance if eligible, Home Funds, Bond Money, various grants in each parish, soft second funds and other grants that help them with their down payment or closing costs. Assistance is subject to credit and income guidelines.
Classes will be held at the Hispanic Resource Center located at 4312 Florida Ave, Kenner, Louisiana 70065. Call (504) 464-6224 for information and pre-registration. Seating is limited. Please email
Office Administrator MLS Training Class April 2nd and April 3rd
NOMAR will have an MLS class for office administrators. The class in Metairie will be April 2nd from 1-2:30, and the class in Mandeville will be April 3rd from 1-2:30. This class will cover everything an office administrator encounters every day including MLS rules, MLS listing maintenance tips, and procedures. There is no limit on the number of attendees per officer or company. All are welcome! If you have any questions please contact Sharon Whitman at
The Commercial Division (CID) Awards Luncheon is Friday, April 4th
and includes an open bar, entree choice of Petite Filet or Trout Almandine, and wine with lunch. The cost for CID members is $40 and non-members $50. Register online or print registration form.
Louisiana REALTORS® Spring Conference, April 8 - 10 in Baton Rouge
Louisiana REALTORS® 2014 Spring into Action Conference & Expo is being held April 8 -10 at the Hilton Capitol Center in Baton Rouge. The event includes national speakers, continuing education, governance meetings and legislative issues briefings. With the National Association of REALTORS® (NAR) Conference being held in New Orleans this Fall, the Board of Directors of Louisiana REALTORS® made the decision to bring you a power-packed Spring event that includes the best features of our traditional Spring Conference as well as those of our Annual Fall Convention & Expo.
Click on the link for more information 2014 Spring into Action Conference & Expo
CRS General Membership Meeting & Luncheon, Tuesday, April 8th 11:30-1:30
At the Bengal Room in Hampton Inn, Baton Rouge. The CRS is the highest designation awarded to residential sales associates and recognizes professional accomplishments in both experience and education. Please RSVP to
WCR Fashion Show "REALTORS® Edition VOGUE" April 24th
at Generations Hall 6:00pm-9:00pm. New Venue * NewTime * Cocktail Event * Open Bar * Catered Food * Exclusive VIP Seating w/ Bar. Please click on links below for more information.
Time to Nominate the 2013 ... REALTOR® of the Year, Manager of the Year, Affiliate of the Year, Max J. Derbes Meritorious Service Award, and the Residential and Commercial YPN Rising Stars
Please take a minute to fill out the appropriate form to honor a deserving REALTOR® and plan to attend the General Membership Luncheon on Friday, May 9th at the Southern Yacht Club where the awards will be presented.
The deadline for nominations is Friday, April 11th at 5:00pm. Click Winners for a list of previous winners.
Click HERE for more information and the nomination forms.
ADDITIONAL INFORMATION
2015 Mandatory CE Topic Suggestions
Our three LREC Commissioners attended the February Education Committee meeting and the annual mandatory course was discussed. The Commissioners want to know what you think the 2015 Mandatory Course should be. Please send your suggestions to Lynda Nugent Smith at
NOMAR Board Store
We have many REALTOR® items that may help you in getting that listing sold. Drop by our Metairie or Mandeville office to check out what is new!!!
Condolences to ...
... Beverly Hobbs Shea of Real Estate Resource Group LLC whose brother Atwood Brown Hobbs III passed away. Please keep Beverly and her family in your prayers.