The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter and check the "legislative & regulatory issues" box.
The Treasury Department released proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act in 2017.
Iona Harrison, a REALTOR® from Upper Marlboro, Maryland, testified before a public hearing held by the Internal Revenue Service (IRS) on the 20% deduction for owners of rental real estate.
NAR sent comments to the Department of Housing and Urban Development (HUD) on HUD's advance notice of proposed rulemaking on possible amendments to HUD’s Affirmatively Furthering Fair Housing (AFFH) regulations.
NAR sent a joint letter to the Federal Trade Commission (FTC), in anticipation of the FTC's announced hearing on Data Privacy and Security on November 6-7.
S. 3021, "America's Water Infrastructure Act," would authorize numerous port revitalization, flood control, drinking water and water storage projects.
Fannie Mae is currently offering appraisal waivers in exchange for a mandatory home property inspection, for properties in high-needs rural areas as determined under the Duty to Serve Underserved Markets rule.
The Federal Housing Administration (FHA) released Mortgagee Letter 2018-06 which requires a second appraisal for certain Home Equity Conversion Mortgages (HECM).
The Tax Cuts and Jobs Act includes a 20 percent deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability companies. However, it is unclear whether owners of rental real estate will be able to claim the deduction.
In a letter to House Natural Resources Committee, NAR called on the Committee to pass a package of proposed bills that would reform the Endangered Species Act.
NAR recently co-founded a broad multi-industry coalition (ranging from state Farm Bureaus to NFIB) to promote and preserve the Department of Labor (DOL) final rule expanding access to Association Health Plans (AHPs).