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The National Flood Insurance Program Extended Through September

Louisiana REALTORS • June 4, 2019

NFIP EXTENDED TROUGH SEPTEMBER 2019

The National Flood Insurance Program (NFIP) has been extended through September .  On Monday, two days into the start of hurricane season, Congress passed the bill that stopped the program from expiring. This is the twelfth time in 2 years the program has been extended.

It’s no secret the program needs serious work - but with the extension through September, does that give Congress enough time to make the changes needed to make the program successful? Only time will tell.

A huge thank you to those closely involved in bringing about these recent extensions as well as the ongoing hard work to bring about change to the program.

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As previewed last week, NAR is pleased to share the latest consumer guide focused on alternative listing options. This guide covers the role that MLSs play in marketing a home, office exclusive and delayed marketing exempt listing options, and the disclosure required when filing an exempt listing. For additional information and helpful resources on the new Multiple Listing Options for Sellers policy, please check out facts.realtor . As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Alternative Listing Options Navigating Multiple Offers Homeowners Associations Marketing Your Home Seller Disclosures Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover deeds and titles.
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