Browse Tag: Podcast

Commercial Podcast: Flood Insurance Program Renewal Passes In DC

capitol hill

 

In the latest Commercial Podcast from NAR Treasurer Bill Armstrong, news comes of the passage on Capitol Hill of the National Flood Insurance Program.  You can hear the cast, called “Flood Insurance Win” in its entirety here.

On June 29th, the Senate passed the Biggert-Waters Flood Insurance Bill, and President Obama signed it into law on July 9th. This is a  culmination of years of steady effort by NAR members and its legislative team, including  a final push at NAR’s Midyear Legislative Meetings and REALTOR® Rally.

The years of temporary extensions to the National Flood Insurance Program (NFIP) were by definition unable to offer protections to commercial property markets, and in fact led twice to shutdowns, including one that stalled more than 40,000 real estate transactions requiring flood insurance for financing in June 2010 alone.

Reauthorization of NFIP means stakeholders will no longer need to take their chances in the virtually nonexistent market for private flood insurance. There are 21,000 communities across the US that require flood insurance as a financing prerequisite, and the passage of the bill ensure that 5.6 million business and home owners will have access to the coverage they need.

The bill addresses not just the coverage but also sources of the problem in the market.  It has provisions for more accurate flood plain mapping so that the industry can better target where flood insurance is required and where it is not.  Also included are provisions for a more streamlined process for challenging the accuracy of the flood plain map in use by the federal government in a business’s area of operation.

Biggert-Waters ensures that taxpayers will spend less for federal assistance for flood disasters over the long run.  You can be sure NAR will carefully monitor the program’s new implementation and be on the lookout for reforms as needed to protect commercial property owners.

Listen to Bill’s podcast here.

 

(Photo credit: Kynan Tait)

 

 

 

Your Next Sales Meeting

One of the most important components of the Member Services position in NAR Commercial is finding effective ways of communicating all of the benefits of REALTOR® membership to its 75,000+ commercial real estate professionals.  It requires creativity and I will admit, it is one of my favorite responsibilities.  What is even more fun is when a REALTOR® finds new and creative ways to use their benefits making them more productive and hopefully saving them some time.

Dan Sight, CCIM and Vice President of Reece Commercial in Kansas City (also 2011 Chair of the NAR Commercial Committee) recently mentioned to me that he uses the Commercial Intelligence Podcasts and the On-Demand Webinars produced by NAR Commercial for his weekly sales meetings.  Used as tools for teaching, updating on the latest trends, advising on threats to the commercial real estate business and promoting leadership skills, these free tools for REALTORS® are being used by Dan and his team in a way that we did not originally intend.  No matter, it’s brilliant and we wanted to pass this tip on to you in the hopes that you will find your next sales meeting easier to plan and highly productive.

How are you using these benefits and others in your business?  Have you found unique ways to implement benefits that have made your life easier or your business more successful?  Let us know!  Send us and email or post a comment – we’d love to feature your ideas here on the blog.

Access the latest podcast, “The 3 Keys to Building Relationships” featuring Ravit Lichtenberg of UStrategy who speaks to the hows of integrating marketing and communications with online activities to enhance your role as an industry leader.

There are many archived podcasts and on-demand webinars produced by NAR Commercial for your use – your sales and staff meetings just got a bit easier for the year!  NAR Commercial publishes new podcasts and webinars every month so we’ll always keep you up to date.

Ustrategy website: www.ustrategy.com

Blog www.ravitlichtenberg.com

Twitter: www.twitter.com/ravit_ustrategy

Linkedin: http://www.linkedin.com/in/ravitlichtenberg

Enhanced by Zemanta