Welcome to the    2012 StateLegislative Briefing
Presented by
Briefing Gold Sponsor
Briefing Bronze Sponsor
2012 Community Champions
2012 Platinum Sponsors
2012 Gold Sponsors
2012 Gold Sponsors
If you’re tweeting this event,   use #SLB12 as a hashtag
Leslie WaldenPublic Affairs Director   Presenting Sponsor
Chapel Hill-Carrboro Chamber of Commerce   State Legislative Briefing       Real Estate and Property Issues           Mark...
North Carolina Association of REALTORS®• Largest and oldest state association in North  Carolina.  – Non-profit trade asso...
North Carolina Association of REALTORS®• Mission and Purpose• "To promote the success of our members and  enhance the Qual...
2012 Short Session•   Copper Theft•   BPO•   Mechanic’s Liens•   Jordan Lake•   Landlord-Tenant•   Budget Issues•   Fracking
Copper Theft – HB 199• Sheriffs, DA’s, Retailers, Utilities (life  safety/disruption of service)• All precious metals, inc...
Broker Price Opinions - SB 521• Banking Industry, REVA, NCPAC (Professional Appraisers  Coalition), NC Appraisal Institute...
Mechanic’s Liens – SB 42 & HB 1052• Home Builders, Land Title Industry, Bar  Assoc., others• “Hidden liens” created crisis...
Jordan Lake• City of Greensboro initiative• Delays implementation of new development  rules for two years  – Local governm...
Landlord Tenant - HB 493• Streamlined summary ejectment process• Remove tenant after lease• Expands landlord use of tenant...
Budget• NC Housing Trust Fund  – Provides low income financing     • First time buyers     • Apartments for working famili...
Fracking• Not involved, no position• Now that it has passed:  – Disclosure requirements after the fact
Rep. Joe HackneyHouse Minority Leader     District 54
Sen. Ellie Kinnaird     NC Senate     District 23
Rep. Verla InskoNC House of Representatives        District 56
Rep. Bill FaisonNC House of Representatives        District 50
Rep. Larry HallNC House of Representatives        District 29
Question & Answer
Thank you Rep. Hackney and Rep. Faison for your service
2012 Inter-City Visit• September 9, 10, 11• Bloomington2012.com
Thank you for attending the       2012 State   Legislative Briefing
Presented by
Briefing Gold Sponsor
Briefing Bronze Sponsor
2012 Community Champions
2012 Platinum Sponsors
2012 Gold Sponsors
2012 Gold Sponsors
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2012 State Legislative Briefing

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The Chapel Hill-Carrboro Chamber of Commerce hosted its annual State Legislative Briefing presented by Fidelity Investments, 8-10 a.m., Tuesday, July 10 at the Chapel Hill Country Club in Chapel Hill. The briefing gave attendees the opportunity to communicate with state legislators about the issues affecting their businesses and to hear about what the legislators worked on during the short session.

Speakers include: Representative Joe Hackney; Representative Verla Insko; Representative Bill Faison; and Senator Ellie Kinnaird (Orange/Person).

Additionally, Mark Zimmerman with RE/MAX Winning Edge reviewed legislative issues important to real estate and property owners.

The State Legislative Briefing was presented by Fidelity Investments and sponsored by PSNC Energy, Piedmont Electric Membership Corporation, and the 2012 Chamber Master Sponsors.

Published in: Business, Real Estate
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2012 State Legislative Briefing

  1. 1. Welcome to the 2012 StateLegislative Briefing
  2. 2. Presented by
  3. 3. Briefing Gold Sponsor
  4. 4. Briefing Bronze Sponsor
  5. 5. 2012 Community Champions
  6. 6. 2012 Platinum Sponsors
  7. 7. 2012 Gold Sponsors
  8. 8. 2012 Gold Sponsors
  9. 9. If you’re tweeting this event, use #SLB12 as a hashtag
  10. 10. Leslie WaldenPublic Affairs Director Presenting Sponsor
  11. 11. Chapel Hill-Carrboro Chamber of Commerce State Legislative Briefing Real Estate and Property Issues Mark Zimmerman Vice-Chair, Legislative Committee North Carolina Association of REALTORS®
  12. 12. North Carolina Association of REALTORS®• Largest and oldest state association in North Carolina. – Non-profit trade association – Founded in 1921 – 31,000 real estate professionals – 62 local associations
  13. 13. North Carolina Association of REALTORS®• Mission and Purpose• "To promote the success of our members and enhance the Quality of Life in North Carolina.” – We further pledge to: • Preserve and promote the right to own, transfer and use real property; • Maintain a leadership role in the legislative, political and regulatory process;
  14. 14. 2012 Short Session• Copper Theft• BPO• Mechanic’s Liens• Jordan Lake• Landlord-Tenant• Budget Issues• Fracking
  15. 15. Copper Theft – HB 199• Sheriffs, DA’s, Retailers, Utilities (life safety/disruption of service)• All precious metals, including copper – Identify & Track• Picture of seller• ID Card• Holding period• No cash over $25• Restitution provisions• Minimum sentences
  16. 16. Broker Price Opinions - SB 521• Banking Industry, REVA, NCPAC (Professional Appraisers Coalition), NC Appraisal Institute• In demand by marketplace – Lower cost and scope than a full blown appraisal – Price assets for books – Lending institutions and Feds for mortgage modification• Not appraisal – Price opinion, not opinion of value• Not for lending – No originations, refis• Allows Brokers to perform BPO’s for a fee without anticipation for listing
  17. 17. Mechanic’s Liens – SB 42 & HB 1052• Home Builders, Land Title Industry, Bar Assoc., others• “Hidden liens” created crisis – Title insurance stop writing coverage July 15• Creates private lien agent – Requires contractors & subs to notice – Allows closing attorney to show clear title
  18. 18. Jordan Lake• City of Greensboro initiative• Delays implementation of new development rules for two years – Local governments can implement
  19. 19. Landlord Tenant - HB 493• Streamlined summary ejectment process• Remove tenant after lease• Expands landlord use of tenant security deposit – Cleaning – Non payment utilities – Smoke detectors – Re-rental fees – Unpaid bills• Allows acceptance of partial payment w/o compromising summary ejectment• Abandoned personal property – <$750 to nonprofit – <$500 thrown away
  20. 20. Budget• NC Housing Trust Fund – Provides low income financing • First time buyers • Apartments for working families, seniors, disabled • Emergency home repairs – Supported $10 Million funding • Want dedicated funding source • This year, reliance on Federal Funds• Underground storage tank funding restored – State fund to remediate contaminated soil – Environmental issue
  21. 21. Fracking• Not involved, no position• Now that it has passed: – Disclosure requirements after the fact
  22. 22. Rep. Joe HackneyHouse Minority Leader District 54
  23. 23. Sen. Ellie Kinnaird NC Senate District 23
  24. 24. Rep. Verla InskoNC House of Representatives District 56
  25. 25. Rep. Bill FaisonNC House of Representatives District 50
  26. 26. Rep. Larry HallNC House of Representatives District 29
  27. 27. Question & Answer
  28. 28. Thank you Rep. Hackney and Rep. Faison for your service
  29. 29. 2012 Inter-City Visit• September 9, 10, 11• Bloomington2012.com
  30. 30. Thank you for attending the 2012 State Legislative Briefing
  31. 31. Presented by
  32. 32. Briefing Gold Sponsor
  33. 33. Briefing Bronze Sponsor
  34. 34. 2012 Community Champions
  35. 35. 2012 Platinum Sponsors
  36. 36. 2012 Gold Sponsors
  37. 37. 2012 Gold Sponsors

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