June 16, 2021
In This Issue:
- TLTA Introduces New Collection of 1031 Like-Kind Exchange Resources
- HUD Takes First Step to Restore Fair Housing Rule - Public Comment Period Open
- Texas Realtors: Cybercrime Is on the Rise
TLTA Introduces New Collection of 1031 Like-Kind Exchange Resources
TLTA | June 15, 2021
Limiting access to 1031 Like-Kind Exchanges is among the tax reform proposals being circulated by the new administration. Anticipating that there is more work ahead for our industry on this issue, TLTA created a new repository of info on 1031 Exchanges.
The creation of this new collection of resources follows closely the
participation of TLTA staff and members in ALTA's Virtual Advocacy Summit in June, where protecting 1031s for real estate transactions was among the priorities we communicated to Texas' congressional delegation. Among the assets on TLTA's 1031 resources page is a one-pager ALTA created for use when communicating with our federal legislators:
Review and Bookmark TLTA's Collection of 1031 Like-Kind Exchange Resources »
HUD Takes First Step to Restore Fair Housing Rule - Public Comment Period Open
HousingWire | June 15, 2021
The Department of Housing and Urban Development (HUD) has restored its 2015 definition of affirmatively further fair housing with an interim final rule, but it falls short of fully restoring the Obama-era policy.
The rule will go into effect at the end of July, after a
30-day public comment period. It effectively rescinds the Trump administration’s 2020 rule, “Preserving Neighborhood and Community Choice,” which allowed HUD grantees to fulfill fair housing requirements by promising to take any action to promote a narrowed definition of fair housing.
The new HUD rule also revokes several 2020 definitions, including that of “fair housing,” which the Trump administration defined as “housing that, among other attributes is affordable, safe, decent, free of unlawful discrimination, and accessible under civil rights laws.”
The policy is the first step toward fulfilling a promise Biden made in the first week of his administration to reinstate the Obama-era rule.
Read More »
Texas Realtors: Cybercrime Is on the Rise
Texas Realtors | June 15, 2021
According to the FBI 2020 Internet Crime Report, there were 791,790 cybercrime complaints during the pandemic—an increase of more than 69% from 2019—and reported losses exceeding $4.2 billion. Email and phishing schemes were among the costliest complaints.
Since business emails were routinely compromised and the real estate sector was a target for rental and investment scams, protecting yourself and your clients from being victimized is crucial.
Read More »
TLTA Editor's Note: We are pleased to see our Texas Realtor colleagues helping to spread the word about cyber crime and working together to combat this costly criminal activity. Looking for the latest info on cyber threats, defenses and where you should invest cyber security dollars? Join us at TLTA's annual conference in August for a special deep dive break out session: Cyber Fraud – Protecting Yourself Against the Latest Schemes.
In addition to live webinars held throughout the year, you have access to our library of more than 80 On-Demand webinars and videos covering the title industry topics you need to earn continuing education credits and stay ahead of the curve on the latest industry trends!