REALTOR® Party News – May 2024

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REALTOR® Party News – May 2024

In This Issue 

  • Missed the REALTORS® Legislative Meetings or want to revisit the week in Washington? Check out our roundup.
  • Bipartisan Congressional Real Estate Caucus launches to promote common-sense policies that boost homeownership and property rights.
  • NAR achieves two major wins for property rights at the Supreme Court.
  • NAR continues to advocate for a VA rule change to allow veteran buyers to compensate their professional representative directly.
  • NEW: Get the latest news on the go with NAR’s Advocacy Scoop podcast.

Watch: Kevin Sears gives an update from the road at RLM.

What You Need to Know

REALTORS® Legislative Meetings (RLM) Roundup

  • Watch a webinar debuting the results of our annual state and local policy survey and showing how they directly shaped our RLM policy priorities.
  • Read about the Federal Legislative & Political Forum featuring former members of Congress Joe Cunningham and Trey Gowdy and the Advocacy Scoop hosted by NAR Advocacy staff.
  • Hear directly from NAR members about their experiences on Capitol Hill.
  • Learn about the Arlington Smart Growth field experience hosted by NAR and the Northern Virginia Association of REALTORS®.
  • Read the National Governors Association’s recap of Montana Governor Greg Gianforte’s address to NAR’s State & Local Issues Policy Committee on making housing more affordable and accessible.
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Bipartisan Congressional Real Estate Caucus Launches

The Bipartisan Congressional Real Estate Caucus launched earlier this month to streamline communication between Congress and industry experts, and to promote common-sense policies that boost homeownership and property rights.

NAR and other housing trade groups applauded Representatives Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for forming this caucus to work across the aisle to make housing more accessible.

NAR Achieves Two Major Property Rights Wins at Supreme Court 

NAR and property owners won two decisive victories at the U.S. Supreme Court in support of property rights in the span of just a few days.

On April 12, the Supreme Court ruled unanimously in support of property owners in Sheetz v. El Dorado County, and on April 16, they once again ruled unanimously in favor of property rights in DeVillier v. Texas. NAR submitted amicus briefs in both cases.

NAR Advocates for Veterans’ Access to Professional Representation

NAR continues to advocate for a Department of Veterans Affairs rule change to allow veteran buyers to compensate their professional representative directly. Leading up to RLM, NAR Advocacy staff met with approximately 20 members of Congress, including the chairs and ranking members of the veterans committees in both chambers, and briefed committee senior staff. The team also met with several industry partners and veterans service organizations to build support around the issue.

At RLM, thousands of NAR members again took the issue to Capitol Hill, advocating with their members of Congress on the importance of ensuring veterans can compete in the market and maintain access to professional representation.

NEW: NAR Introduces Advocacy Scoop Podcast

NAR has turned one of our most popular conference sessions into a new monthly podcast hosted by Chief Advocacy Officer Shannon McGahn and Director of Advocacy Communications Patrick Newton. Now you can stay up to date on what’s happening in Washington, D.C., and around the country, while on the go!

The Advocacy Scoop is dedicated to peeling back the curtain on the advocacy operation of the world’s largest trade association. Listeners will walk away with a better understanding of how NAR advocacy works, its many successes, and how the advocacy team is faring on some of NAR’s biggest legislative fights. Listen and subscribe where you get your podcasts.

 

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RPAC Update

As of April 30, RPAC fundraising reached 52% of its national goal with $26.2 million raised at all three levels of the association, and 65% of its federal disbursements allocation goal with $6.4 million raised at the national level. RPAC has 3,986 Major Investors and a 27% participation rate.

 

The REALTOR® Party At Work

2024 Election HQ

Of the 169 congressional districts that have held federal primary elections to date, RPAC-supported candidates in 155 congressional districts have advanced to the general election. The Opportunity Race Program has supported 30 candidates, with 29 winning their primaries.

REALTOR® Party Success Stories

REALTOR® Party Resource Spotlight

Advocacy Everywhere
Advocacy Everywhere helps state and local associations launch tailored Calls for Action on issues that impact the real estate industry. In April, with assistance from the Advocacy Everywhere program, the Land of the Sky Association of REALTORS® (N.C.) halted restrictions on short-term rentals and the Nebraska REALTORS® Association defeated a document stamp tax.

REALTOR® Party Reading List

On Common Ground: Spring Issue Now Available
Step into a world of community stories and urban transformation with the Spring 2024 edition of On Common Ground magazine. Explore strategies used by community planners to capture the dreams and aspirations of residents, using their feedback to shape the community’s future.


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