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Submission: On May 25 via api from US — Scanned from DE
Effective URL: https://www.nar.realtor/advocacy/federal-advocacy/nar-legislative-priorities
Submission: On May 25 via api from US — Scanned from DE
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Main menuClose menu * REALTOR® Store * Contact * Pay Dues * Sign In Main menu * Real Estate Topics Open submenu Your resource for all things Real Estate. Including Legal, Agent & Broker, and Property Rights Issues. * Membership Open submenu Whether you’re a new agent or an experienced broker you have access to a wide array of resources designed to help you succeed in today's market. * Research & Statistics Open submenu Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics. * Advocacy Open submenu NAR is widely considered one of the most effective advocacy organizations in the country. * Education Open submenu NAR and its affiliated Institutes, Societies, and Councils offer a wide selection of real estate training options. * News & Events Open submenu Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR. * About NAR Open submenu America's largest trade association, representing 1.5 million+ members, including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. * More Open submenu Close submenuReal Estate Topics Real Estate Topics * View All * Fostering Consumer-Friendly Real Estate Marketplaces Local broker marketplaces ensure equity and transparency. * Marketing Social Media Sales Tips & Techniques MLS & Online Listings View More * Being a Real Estate Professional Starting Your Career Being a Broker Being an Agent View More * Residential Real Estate Condominiums Smart Growth Vacation, Resort, & 2nd Homes FHA Programs View More Home Inspections * Legal Arbitration & Dispute Resolution Fair Housing Copyright View More * Commercial Real Estate Close submenuMembership Providing Membership Value * Right Tools, Right Now * All Membership Benefits * NAR REALTOR Benefits® Bringing you savings and unique offers on products and services just for REALTORS®. * Directories Complete listing of state and local associations, MLSs, members, and more. * Dues Information & Payment * Become a Member As a member, you are the voice for NAR – it is your association and it exists to help you succeed. * Logos and Trademark Rules Only members of NAR can call themselves a REALTOR®. Learn how to properly use the logo and terms. * Your Membership Account Review your membership preferences and Code of Ethics training status. Close submenuResearch & Statistics Market Behavior * Highlights & News Get the latest top line research, news, and popular reports. * Housing Statistics National, regional, and metro-market level housing statistics where data is available. * Research Reports Research on a wide range of topics of interest to real estate practitioners. * Presentation Slides Access recent presentations from NAR economists and researchers. * State & Metro Area Data Affordability, economic, and buyer & seller profile data for areas in which you live and work. * Commercial Research Analysis of commercial market sectors and commercial-focused issues and trends. * Statistical News Release Schedule Close submenuAdvocacy Representing Your Industry * Advocacy Issues & News * Federal Advocacy From its building located steps away from the U.S. Capitol, NAR advocates for you. * REALTORS® Political Action Committee (RPAC) Promoting the election of pro-REALTOR® candidates across the United States. * State & Local Advocacy Resources to foster and harness the grassroots strength of the REALTOR® Party. * REALTOR® Party(link is external) A powerful alliance working to protect and promote homeownership and property investment. * Get Involved Now more than ever, it is critical for REALTORS® across America to come together and speak with one voice. Close submenuEducation Advancing Your Career * All Education & Professional Development * All NAR & Affiliate Courses Continuing education and specialty knowledge can help boost your salary and client base. * Code of Ethics Training Fulfill your COE training requirement with free courses for new and existing members. * Continuing Education (CE) Meet the continuing education (CE) requirement in state(s) where you hold a license. * Designations & Certifications Acknowledging experience and expertise in various real estate specialties, awarded by NAR and its affiliates. * Library & Archives Offering research services and thousands of print and digital resources. * Commitment to Excellence (C2EX) Empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. * NAR Academy at Columbia College Academic opportunities for certificates, associates, bachelor’s, and master’s degrees. Close submenuNews & Events News & Events * Latest News * NAR Newsroom Official news releases from NAR. * REALTOR® Magazine Advancing best practices, bringing insight to trends, and providing timely decision-making tools. * Blogs Commentary from NAR experts on technology, staging, placemaking, and real estate trends. * Newsletters Stay informed on the most important real estate business news and business specialty updates. * NAR NXT, The REALTOR® Experience * REALTORS® Legislative Meetings * AE Institute * C5 Summit * Leadership Week * iOi Summit * Sustainability Summit * All Events Close submenuAbout NAR Who We Are * Mission, Vision, and Diversity & Inclusion * Code of Ethics * Leadership & Staff National, state & local leadership, staff directories, leadership opportunities, and more. * Committee & Liaisons * History Founded as the National Association of Real Estate Exchanges in 1908. * Affiliated Organizations * Strategic Plan NAR’s operating values, long-term goals, and DEI strategic plan. * Policies * Governing Documents Code of Ethics, NAR's Constitution & Bylaws, and model bylaws for state & local associations. * Awards & Grants Member recognition and special funding, including the REALTORS® Relief Foundation. * NAR's Consumer Outreach Close submenuMore Browse by Section * View All * Top Directories Find a Member(link is external) Browse All Directories Find an Office(link is external) Find an Association(link is external) NAR Group and Team Directory Committees and Directors(link is external) * By Role Broker Association Executive New Member Student Appraiser State & Local Volunteer Leader * By Specialty Commercial Global Buyer's Rep Senior Market Short Sales & Foreclosures(link is external) Land(link is external) Green * Multimedia Infographics Videos Quizzes * Video Series First-Time Buyer(link is external) Level Up Window to the Law Next Up: Commercial New AE Webinar & Video Series * Podcasts Drive With NAR Real Estate Today The Advocacy Scoop Center for REALTOR® Development * Programs Fair Housing Safety Leading with Diversity Good Neighbor NAR HR Solutions * View All Enable accessibility Skip to main content The NAR Mobile App Curate the content you need to help your business succeed. * * Go * * Go * REALTOR® Store * Contact * Pay Dues * Sign In * Real Estate Topics Real Estate Topics Your resource for all things Real Estate. Including Legal, Agent & Broker, and Property Rights Issues. View All * Fostering Consumer-Friendly Real Estate Marketplaces Local broker marketplaces ensure equity and transparency. Close * Marketing * Social Media * Sales Tips & Techniques * MLS & Online Listings * View More Close * Being a Real Estate Professional * Starting Your Career * Being a Broker * Being an Agent * View More Close * Residential Real Estate * Condominiums * Smart Growth * Vacation, Resort, & 2nd Homes * FHA Programs * View More * Home Inspections Close * Legal * Arbitration & Dispute Resolution * Fair Housing * Copyright * View More Close * Close More Close * Membership Providing Membership Value Whether you’re a new agent or an experienced broker you have access to a wide array of resources designed to help you succeed in today's market. * Close * All Membership Benefits * NAR REALTOR Benefits® Bringing you savings and unique offers on products and services just for REALTORS®. Close * Directories Complete listing of state and local associations, MLSs, members, and more. Close * Dues Information & Payment * Become a Member As a member, you are the voice for NAR – it is your association and it exists to help you succeed. Close * Logos and Trademark Rules Only members of NAR can call themselves a REALTOR®. Learn how to properly use the logo and terms. Close * Your Membership Account Review your membership preferences and Code of Ethics training status. Close Close * Research & Statistics Market Behavior Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics. * Highlights & News Get the latest top line research, news, and popular reports. Close * Housing Statistics National, regional, and metro-market level housing statistics where data is available. Close * Research Reports Research on a wide range of topics of interest to real estate practitioners. Close * Presentation Slides Access recent presentations from NAR economists and researchers. Close * State & Metro Area Data Affordability, economic, and buyer & seller profile data for areas in which you live and work. Close * Commercial Research Analysis of commercial market sectors and commercial-focused issues and trends. Close * Statistical News Release Schedule Close * Advocacy Representing Your Industry NAR is widely considered one of the most effective advocacy organizations in the country. * Advocacy Issues & News * Federal Advocacy From its building located steps away from the U.S. Capitol, NAR advocates for you. Close * REALTORS® Political Action Committee (RPAC) Promoting the election of pro-REALTOR® candidates across the United States. Close * State & Local Advocacy Resources to foster and harness the grassroots strength of the REALTOR® Party. Close * REALTOR® Party(link is external) A powerful alliance working to protect and promote homeownership and property investment. Close * Get Involved Now more than ever, it is critical for REALTORS® across America to come together and speak with one voice. Close Close * Education Advancing Your Career NAR and its affiliated Institutes, Societies, and Councils offer a wide selection of real estate training options. * All Education & Professional Development * All NAR & Affiliate Courses Continuing education and specialty knowledge can help boost your salary and client base. Close * Code of Ethics Training Fulfill your COE training requirement with free courses for new and existing members. Close * Continuing Education (CE) Meet the continuing education (CE) requirement in state(s) where you hold a license. Close * Designations & Certifications Acknowledging experience and expertise in various real estate specialties, awarded by NAR and its affiliates. Close * Library & Archives Offering research services and thousands of print and digital resources. Close * Commitment to Excellence (C2EX) Empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. Close * NAR Academy at Columbia College Academic opportunities for certificates, associates, bachelor’s, and master’s degrees. Close Close * News & Events News & Events Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR. * Latest News * NAR Newsroom Official news releases from NAR. Close * REALTOR® Magazine Advancing best practices, bringing insight to trends, and providing timely decision-making tools. Close * Blogs Commentary from NAR experts on technology, staging, placemaking, and real estate trends. Close * Newsletters Stay informed on the most important real estate business news and business specialty updates. Close * NAR NXT, The REALTOR® Experience * REALTORS® Legislative Meetings * AE Institute * C5 Summit * Leadership Week * iOi Summit * Sustainability Summit * All Events Close * About NAR Who We Are America's largest trade association, representing 1.5 million+ members, including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. * Mission, Vision, and Diversity & Inclusion * Code of Ethics * Leadership & Staff National, state & local leadership, staff directories, leadership opportunities, and more. Close * Committee & Liaisons * History Founded as the National Association of Real Estate Exchanges in 1908. Close * Affiliated Organizations * Strategic Plan NAR’s operating values, long-term goals, and DEI strategic plan. Close * Policies * Governing Documents Code of Ethics, NAR's Constitution & Bylaws, and model bylaws for state & local associations. Close * Awards & Grants Member recognition and special funding, including the REALTORS® Relief Foundation. Close * NAR's Consumer Outreach Close * More Browse by Section View All * Top Directories * Find a Member(link is external) * Browse All Directories * Find an Office(link is external) * Find an Association(link is external) * NAR Group and Team Directory * Committees and Directors(link is external) Close * By Role * Broker * Association Executive * New Member * Student * Appraiser * State & Local Volunteer Leader Close * By Specialty * Commercial * Global * Buyer's Rep * Senior Market * Short Sales & Foreclosures(link is external) * Land(link is external) * Green Close * Multimedia * Infographics * Videos * Quizzes Close * Video Series * First-Time Buyer(link is external) * Level Up * Window to the Law * Next Up: Commercial * New AE Webinar & Video Series Close * Podcasts * Drive With NAR * Real Estate Today * The Advocacy Scoop * Center for REALTOR® Development Close * Programs * Fair Housing * Safety * Leading with Diversity * Good Neighbor * NAR HR Solutions Close More Close YOU ARE HERE 1. Home 2. Advocacy 3. Federal Advocacy Advocacy Federal Advocacy SHARE * TopAll Federal IssuesFederal Issues TrackerWashington ReportCongressional District and State ReportsAdvocacy Scoop Podcast YOU ARE HERE 1. Home 2. Advocacy 3. Federal Advocacy Advocacy Federal Advocacy SHARE * NAR LEGISLATIVE PRIORITIES PROTECTING RIGHTS. EXPANDING ACCESS. BUILDING PROSPERITY. Section Menu * All Federal Issues * Federal Issues Tracker * Washington Report * Congressional District and State Reports * Advocacy Scoop Podcast * More SHARE Share Priority Issues One-pager(link is external) (PDF: 3.08 MB) | Talking Points(link is external) (PDF: 342 KB) REALTORS® serve residential and commercial property buyers and sellers in every zip code. Members of the National Association of REALTORS® provide critical support to consumers, serving as a trusted advisor through one of the biggest financial decisions of their lifetime. With current market challenges like rising prices and low inventory, as well as shifting trends in commercial real estate, those seeking to buy or sell a home or open or expand a business know they need a REALTOR® by their side. TODAY’S REAL ESTATE MARKET: QUICK FACTS * The U.S. underbuilding gap is 5.5 million units, translating into a $4.4 trillion underinvestment in housing. * Middle-income buyers are feeling the inventory shortage the most. About 320,000 listings in the price range of $256,000 and under are missing from the market. * Homeownership greatly enhances family net worth. Homeowners have 20 times the net worth of renters. Home equity and retirement accounts represent over 60% of households’ net worth. * In the last decade, middle-income homeowners have accumulated $122,000 in wealth due to price appreciation alone. * Real estate represents 16.3% of U.S. GDP, supporting 2.8 million jobs and generating $50 billion in tax revenue nationwide. Each home sale produces $120,000 in local economic activity. * Real estate professionals are vital to thriving communities. 88% of REALTORS® are small business owners and 62% are women, using their professional expertise to help consumers navigate the intricacies of real estate transactions. Expand all Update America’s Tax Law to Increase Access to Homeownership Addressing housing affordability starts with adding to the nation’s severely limited inventory. The U.S. is facing an underbuilding gap of 5.5 million units, translating to a $4.4 trillion underinvestment in housing. America’s tax law can and must do more to promote homeownership, build stable communities, and boost economic growth. REALTOR® PRIORITIES * Cosponsor the bipartisan More Homes on the Market Act to incentivize more long-term owners to sell their homes by increasing the maximum amount of capital gains a homeowner can exclude on the sale of a principal residence and annually adjusting it for inflation. * H.R. 1321 is sponsored by Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). * Cosponsor the bipartisan Neighborhood Homes Investment Act to attract private investment for building and rehabilitating owner-occupied homes by offering tax credits that create a pathway to neighborhood stability through sustainable homeownership. Providing this powerful incentive to build and rehabilitate homes for low- and moderate-income homeowners can fill the gap in areas where it is often more expensive to develop or rehabilitate than appraisal values will support. * S. 657 is sponsored by Senators Ben Cardin (D-MD), Todd Young (R-IN), Ron Wyden (D-OR), Jerry Moran (R-KS), and Sherrod Brown (D-OH). * H.R. 3940 is sponsored by Representatives Mike Kelly (R-PA) and Brian Higgins (D-NY). * Cosponsor the Affordable Housing Credit Improvement Act or legislative provisions to expand the Low-Income Housing Tax Credit and encourage investment in creating and preserving affordable housing. * S. 1557 is sponsored by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden, (D-OR), and Marsha Blackburn (R-TN). * H.R. 3238 is sponsored by Representatives Darin LaHood (R-IL), Suzan DelBene (D-WA), Brad Wenstrup (R-OH), Don Beyer (D-VA), Claudia Tenney (R-NY), and Jimmy Panetta (D-CA) * Support small business by preserving the 199A qualified business income deduction and keeping taxes on business income lower for independent contractors and pass-through business owners. * Support commercial real estate investment and economic development by preserving 1031 like-kind exchanges. * Incentivize homeownership by increasing the $10,000 cap on the state and local tax (SALT) deduction and eliminate the penalty for married taxpayers filing jointly, who have the same maximum deduction as single filers. Ensure Equal Access to Professional Representation and Support Fair Housing As stewards of the right to own, use, and transfer private property, REALTORS® know an open housing market free from discrimination benefits consumers, communities, and the American economy. Yet, more than 50 years after passage of the federal Fair Housing Act, the homeownership rates for African Americans, Hispanic Americans, and Asian Americans lag behind that of White Americans. The LGBTQ+ community continues to face widespread discrimination in housing. Bound by a Code of Ethics, REALTORS® are committed to upholding fair housing laws and removing barriers to homeownership. REALTOR® PRIORITIES * Ensure veterans maintain access to professional representation and can compete in the market by giving VA buyers the option to compensate their broker directly. * Cosponsor the Direct Seller and Real Estate Agent Harmonization Act to ensure real estate agents maintain their independent contractor status under the Fair Labor Standards Act and preserve their ability to choose their preferred business classification. * H.R. 5419 is sponsored by Representatives Tim Walberg (R-MI) and Tony Cárdenas (D-CA). * Support the bipartisan Fair and Equal Housing Act to add sexual orientation and gender identity as protected classes under the Fair Housing Act. * H.R. 4439 is sponsored by Representatives Brad Schneider (D-IL) and Brian Fitzpatrick (R-PA). * Reauthorize and increase funding for HUD fair housing enforcement programs. Congress should support legislation that reauthorizes and increases funding for HUD’s fair housing enforcement programs. NAR Research Helps Inform Policymaking The NAR Research Group is a resource both for REALTORS® and the members of Congress who represent them. Our skilled economists produce and analyze a wide range of data, providing the best resources and information on real estate. Research reports, papers, case studies, and surveys examine the latest trends and activities in real estate, as well as the impact national policies have or may have on this critical sector that makes up one-fifth of the nation’s economy. These resources are available to policymakers, and we encourage their use when considering legislation that affects real estate and real estate professionals. Here are a few recent NAR Research reports that can inform policymaking: * Congressional District and State Reports, State Economic Impact Reports, and Local Market Reports provide data on housing and real estate trends affecting your constituents to inform policies supporting sustainable and affordable homeownership and a vibrant residential and commercial real estate market. * Reports on home buying, such as Home Buyers and Sellers Generational Trends, Wealth Gains by Income and Racial/Ethnic Group, and A Snapshot of Race and Home Buying in America analyze market trends and show how homeownership can be a catalyst for building generational wealth. * NAR Research and Realtor.com® partnered on The Issue: Housing Affordability and Supply to estimate how many homes are missing by income level, comparing the number of homes available and affordable for each level now versus what they should be able to afford in a balanced market. * Commercial Market Insights Reports and Commercial Real Estate Metro Market Reports reveal the crucial role of commercial real estate in revitalizing communities. These and many more reports, surveys, and data collections are available on the NAR Research page. Advertisement VIDEOS KEVIN SEARS: UPDATE FROM THE ROAD AT RLM Video May 8, 2024 Exclusive insights and updates from NAR President Kevin Sears. SHAPING NAR’S 2024 POLICY PRIORITIES Video April 25, 2024 Learn how your feedback directly shapes NAR’s legislative priorities, as thousands of NAR members prepare to take these asks to Congress in May. RELATED INFORMATION FOSTERING CONSUMER-FRIENDLY REAL ESTATE MARKETPLACES REALTORS® provide a vibrant, healthy, and vigorously competitive real estate market with more information today than has ever been available. competition.realtor REALTORS® LEGISLATIVE MEETINGS The 2025 REALTORS® Legislative Meetings will take place May 31 - June 5, 2025, in Washington, D.C. Save the date! HEADQUARTERS 430 N. Michigan Ave Chicago, IL 60611-4087 800-874-6500 DC OFFICE 500 New Jersey Avenue, NW Washington, D.C. 20001-2020 202-383-1000 * Newsletters * Careers * Advertise * Reprints * Additional Resources for Members & the Public * Privacy Policy * Accessibility Statement * Terms of Use Translate * Chinese * Dutch * English * French * German * Italian * Japanese * Portuguese * Romanian * Russian * Spanish * Contact Us * 1.800.874.6500 * Live Chat Member Support is available Mon-Fri, 8am-5pm Central FOLLOW US * Facebook * Instagram * LinkedIn * Twitter * YouTube © 2024 National Association of REALTORS®. All Rights Reserved. NAR's exclusive top-level domain.(link is external) ✓ Danke für das Teilen! AddToAny Mehr… Close menu Feedback