{"id":18375,"date":"2024-02-13T19:10:24","date_gmt":"2024-02-13T19:10:24","guid":{"rendered":"https:\/\/realtorparty.realtor\/?p=18375"},"modified":"2024-02-14T15:11:24","modified_gmt":"2024-02-14T15:11:24","slug":"1118-2-2-2-2-2-2-2-2-2-2-2-2-2-2-4-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-3-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2","status":"publish","type":"post","link":"https:\/\/realtorparty.realtor\/news\/newsletters\/realtor-party-news\/0224","title":{"rendered":"REALTOR\u00ae Party News – February 2024"},"content":{"rendered":"

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Access to Homeownership Top of Mind in Washington <\/a><\/h3>\n

Making homeownership more accessible has been one of NAR\u2019s top advocacy priorities for years, and REALTORS\u00ae are ensuring it\u2019s top of mind for policymakers, too. Since NAR released its groundbreaking report on the housing shortage in 2021, REALTORS\u00ae have led the call for a once-in-a-generation response to solve this crisis. Read more<\/a> about last week\u2019s Policy Forum, our ongoing legislative priorities, and recent congressional action on housing issues.<\/p>\n

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ICYMI: Advocacy Update<\/a><\/h3>\n

Last week, NAR President Kevin Sears discussed the association\u2019s recent advocacy efforts with Chief Advocacy Officer Shannon McGahn. Check out the video direct from Capitol Hill.<\/p>\n

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2<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]NAR submitted 2 letters to the U.S. Department of Labor (DOL) expressing concerns about the new Employee or Independent Contractor Classification Under the Fair Labor Standards Act rule and how it may impact real estate professionals. NAR is requesting that DOL delay implementation until the agency issues additional guidance. NAR has also requested industry-specific guidance that considers the Internal Revenue Code carve-out for real estate agents, and that recognizes state laws governing how real estate professionals should be classified.<\/p>\n

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2<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]NAR commented on an advanced notice of proposed rulemaking (AS02) from the U.S. Department of Veterans Affairs (VA) on the VA\u2019s minimum property requirements (MPRs). The MPRs are intended to ensure that VA borrowers have safe and secure housing, but REALTORS\u00ae have observed that they can put VA buyers at a disadvantage. NAR recommends adopting a framework of minimum standards similar to those of Fannie Mae and Freddie Mac to eliminate confusion and competitive disadvantages.<\/p>\n

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3<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]NAR wrote to the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on their proposed amendments to bank capital standards for large banks, also known as Basel III Endgame. The letter urges the agencies to repropose or retract the amendments, especially given the lack of statistical analysis and support for the proposed changes.<\/p>\n

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6<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]NAR unveiled its 6th iteration of the “That’s Who We R” national advertising campaign, offering consumers a first-hand look at what REALTORS\u00ae can do for them. The campaign highlights what sets REALTORS\u00ae apart in a crowded real estate industry: commitment to the Code of Ethics, access to specialized resources, and above all, unmatched expertise in the markets and communities in which they live and work.<\/p>\n

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$15.3M<\/strong><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]As of January 31, RPAC fundraising reached 30% of its national goal with $15.3 million raised at all three levels of the association, and 24% of its federal disbursements allocation goal with $2.4 million raised at the national level. RPAC has 468 Major Investors and a 20% participation rate.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The REALTOR\u00ae Party At Work” use_theme_fonts=”yes”][vc_column_text]<\/p>\n

Don\u2019t forget to bookmark NAR\u2019s Washington Report<\/a> for the latest policy updates.<\/strong><\/p>\n

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Austin REALTORS\u00ae Work to Increase Missing Middle Housing<\/a><\/h3>\n

The City of Austin approved the Home Options for Middle-income Empowerment (HOME) Resolution last year with strong support from the Austin REALTORS\u00ae. Backed by a variety of REALTOR\u00ae Party resources, the association is undertaking multiple efforts to build momentum on increasing missing middle housing.<\/p>\n

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Gallatin Association of REALTORS\u00ae Produces Regional Housing Report <\/a><\/h3>\n

The Gallatin (Mont.) Association of REALTORS\u00ae produced an annual housing report to help members, policymakers, housing advocates, and the media make sense of the region\u2019s housing climate and anticipate future needs. The report has positioned the association as the primary resource for housing data in the fast-growing area and was made possible in part by a Consumer Advocacy Outreach Grant<\/a> from the REALTOR\u00ae Party.<\/p>\n

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Phoenix REALTORS\u00ae Support Increasing Inventory Through Accessory Dwelling Units<\/a><\/h3>\n

The City of Phoenix has passed an ambitious plan to increase its housing inventory in the next few years, and accessory dwelling units (ADUs) will be a key component. When the City Council rolled out its new ordinance governing ADUs, Phoenix REALTORS\u00ae turned to the Land Use Initiative<\/a> for help making an informed decision on supporting it.<\/p>\n

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REALTOR\u00ae Party Revamps Comms Platforms <\/a><\/h3>\n

New year, new look! Check out our modernized REALTOR\u00ae Party website<\/a> and follow us on social (Facebook<\/a>\/Instagram<\/a>\/X<\/a>) at @NARRealtorParty. Make sure to include #REALTORParty in your social posts so we can amplify your association’s efforts.<\/p>\n

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Land Use Initiative: Expert Advocacy Help When You Need It <\/a><\/h3>\n

Advocate for or against unexpected real estate measures with the REALTOR\u00ae Party\u2019s\u00a0Land Use Initiative<\/a>. Receive expert analysis on property rights, regulatory burdens, housing supply, and financial fairness implications, along with talking points to support your position. Need inspiration? Learn how the New Orleans Metropolitan Association of REALTORS\u00ae minimized the impact of new rental regulations<\/a> through the Land Use Initiative and Advocacy Everywhere.<\/p>\n

Questions? Contact <\/em>Christine Windle<\/em><\/a>.<\/em>\u00a0<\/em><\/p>\n

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Harness the Power of Growth Polling <\/a><\/h3>\n

Do you want to understand how your community feels about various growth and development issues? Use the Growth Polling program<\/a> to help formulate land use-related policies that reflect the needs of your community. Share results to foster relationships, influence policy, and build goodwill.<\/p>\n

Questions? Contact <\/em>Hugh Morris<\/em><\/a>.<\/em><\/p>\n

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Plant Advocacy Seeds with Placemaking <\/a><\/h3>\n

Gain political capital, increase influence, and enhance the REALTOR\u00ae image when your association collaborates with local leaders on a Placemaking project such as a community garden, playground, parklet or dog park. The REALTOR\u00ae Party supports these efforts through grants<\/a> and a range of inspirational resources including a toolkit<\/a> and the Spaces to Places<\/em><\/a> blog.<\/p>\n

Questions? Contact <\/em>Hannah Dannenfelser<\/em><\/a>.<\/em>\u00a0<\/em><\/p>\n

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American Property Owners Alliance Supports Affordable Housing Legislation<\/a><\/h3>\n

The American Property Owners Alliance (APOA) is leading an effort to mobilize property owners to support the swift passage of the Affordable Housing Credit Improvement Act in the Senate. This legislation, included in the bipartisan tax package passed last month by the House, would expand the existing Low-Income Housing Tax Credit (LIHTC) to encourage investment in the development and preservation of affordable housing. Learn more<\/a> about APOA and its work to protect property ownership.<\/p>\n

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President\u2019s Circle Round One Launches<\/a><\/h3>\n

Round one of the 2024 President\u2019s Circle Program has launched, featuring the national party congressional and senatorial committees or NAR Federal Political Coordinators\u2019 (FPCs\u2019) direct contribution to their respective member of Congress. Round one contributions are limited to $500 and must be made through the President\u2019s Circle site<\/a> to count toward your 2024 President\u2019s Circle total.<\/p>\n

Questions? Contact <\/em>Jenn Nguyen<\/em><\/a>.<\/em><\/p>\n

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How to Navigate Eco-Friendly Homebuying<\/a><\/h3>\n

Learn the basics of selling sustainable homes with NAR\u2019s Sustainability 101 course. You\u2019ll gain valuable knowledge on how energy efficiency translates into cost savings and why sustainable development is the key to a durable home. Enroll now<\/a> to offer even more value to your clients and help them make informed decisions.<\/p>\n

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Share Your Story of Giving Back<\/a><\/h3>\n

As true change agents and community leaders, REALTORS\u00ae cultivate compassion, volunteer, and take action. Everyday acts of kindness help build stronger communities and make our neighborhoods thrive. Share your story<\/a> so we can feature all the good you do on our social media channels and showcase REALTORS\u00ae\u2019 impact to the world.<\/p>\n

LEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"Making homeownership more accessible has been one of NAR\u2019s top advocacy priorities for years, and REALTORS\u00ae are ensuring it\u2019s top of mind for policymakers, too. Since NAR released its groundbreaking report on the housing shortage in 2021, REALTORS\u00ae have led the call for a once-in-a-generation response to solve this crisis.","protected":false},"author":3,"featured_media":3693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[281,20,812,68,813],"tags":[],"class_list":["post-18375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-newsletters","category-realtor-party-news","category-realtor-party-news-newsletters"],"acf":[],"_links":{"self":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/18375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/comments?post=18375"}],"version-history":[{"count":0,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/18375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media\/3693"}],"wp:attachment":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media?parent=18375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/categories?post=18375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/tags?post=18375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}