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 the Edge Up with NAR newsletter.
NAR expressed concerns regarding the Employee or Independent Contractor Classification Under the Fair Labor Standards Act new rule, and how it may impact real estate professionals.
VA’s minimum property requirements (MPRs) can be/are perceived by many as being onerous, unnecessary, and push costs onto sellers.
The House of Representatives broke a legislative logjam by passing a long-shot bipartisan tax bill containing several real estate provisions and also greasing the wheels of a long-stalled vote to increase the $10,000 limit on the deduction of state and local taxes (SALT).
The proposed amendments change the risk weights for mortgages and servicing rights and would have a damaging impact on the mortgage lending markets, especially for first-time buyers, low- and middle-income borrowers, and minority communities.
There are concerns that application of this rule may lead to the misclassification of real estate professionals as employees. Learn more.
The Access Rule provides law enforcement, national security agencies, and other related federal agencies with access to beneficial ownership data.
The U.S. Department of Labor (DOL) proposed to rescind the 2018 Association Health Plans (AHP) final regulations, which would have allowed real estate professionals and other small businesses to participate in an AHP.
Sustainable water resources are critical to healthy real estate markets and NAR offered these comments to help ensure these water supplies remain viable over the long-term.
The amended final rule provides newly formed entities 90 days instead of 30 days to file initial beneficial ownership information reports.
The proposed extension would allow newly formed reporting companies additional time to understand the beneficial ownership rule, and the reporting obligations under the rule.
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