Federal Issues & Legislation

2018 REALTORS® Legislative Meetings & Trade Expo Registration is Open

Registration is now open for the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, May 14th - 19th. This is where NAR members take an active role to advance the real estate industry, public policy and the association. REALTORS® come to Washington, DC, for special issues forums, committee meetings, legislative activities and the industry trade show.

ADA Reform Bill Passes House
On Thursday, February 15, the House of Representatives voted to pass HR 620, the ADA Education and Reform Act, by a vote of 225-192.  This bipartisan legislation, sponsored by Rep. Poe (R-TX), adds a "notice-and-cure" provision to the Americans with Disabilities Act (ADA), giving businesses an opportunity to fix alleged violations before a suit can be filed against them.  It also creates an education program between the Department of Justice, states/local governments, and businesses to raise awareness of ADA compliance issues, and a model mediation program for resolving ADA complaints.
NAR Wins Pro-Real Estate Provisions in Budget Deal

The federal budget deal signed by the President on Friday, February 9, 2018, contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of NAR-backed tax provisions that include relief from debt forgiveness, the deductibility of mortgage insurance premiums, and several energy-efficiency related provisions.

Tax Reform, What it Means

While NAR remains concerned that the overall structure of the final bill diminishes the tax benefits of homeownership and will cause adverse impacts in some markets, the advocacy of NAR members, as well as consumers, helped NAR to gain some important improvements throughout the legislative process. The final legislation will benefit many homeowners, homebuyers, real estate investors, and NAR members as a result.

Tax Reform Passes Congress

Lawmakers in the House and Senate passed tax reform legislation and as expected, President Trump swiftly signed the bill into law.

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