2008 NAR REALTORS® Day on the Hill

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Last week, thousands of REALTORS® converged upon Washington, DC for the NAR Mid-Year Meetings.  One of the main purposes of the Mid-Year Meetings is to address legislative and political issues facing the real estate industry.  In order to advance our legislative agenda, REALTORS® from every state in the country visit with their Senators and Congressmen on Capitol Hill.  If you have never been on the Hill with the REALTORS® before, it is truly a sight to see!  REALTOR® professionals are everywhere you look - sharing their expertise with their elected officials to help Congress make informed decisions as it passes legislation that greatly affects our industry. 

 This year we carried three main messages to Congress:

  1. Enact Housing Stimulus Legislation
  2. Improve Access to Affordable Insurance
  3. Enact Small Business Health Care Legislation

I think we can all agree that the real estate industry is a little different than it was two years ago.  In order to breathe new vitality into our market, we asked Congress to pass FHA and GSE reform.  We need legislation that will make FHA more flexible, preserve the missions of Fannie Mae and Freddie Mac, and make the temporary higher loan limits permanent.  Additionally, if Congress is going to pass a housing tax credit - they need to do it soon and make it available for any property that is purchased as a principal residence.

While we were in DC, the Senate passed the House’s Flood Insurance Reform and Modernization Act.  This bill should now be on its way to the President for signature.  We also asked Congress to enact legislation that will enhance the availability and affordability of homeowner’s insurance, especially in disaster-prone areas.

Finally, we again requested action on legislation concerning health insurance coverage for small business owners and REALTORS®.  This is new legislation that has been reworked to remove the objections that several Congressmen have had in the past. 

There is a reason that we say “If real estate is your business, then politics is your profession!” I hope you will join us in future years as we converge on Capitol Hill to carry the collective REALTOR® voice and have a say in the legislation and regulation that so affects our industry and livelihoods.

Posted by Aubrie Kobernus at 12:57 pm

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