REALTOR® Party News – February 2025

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REALTOR® Party News – February 2025

In This Issue 

  • The Latest Advocacy Scoop Podcast – Live from Advocacy Week! Introducing the 119th Congress
  • Capitol Pulse: February Advocacy Update
  • Will Congress Extend Trump’s Tax Cuts?
  • NAR 2024 Year In Review: A New Era Begins
  • Fair Housing Month Is Coming
  • Fair & Attainable Housing Ideas Forum For Associations Returns March 11
Click to watch – Advocacy Impact! From federal agencies to Congress to the Supreme Court, NAR advocacy fights to expand housing access and defend property rights.

Click to watch – Advocacy Impact! From federal agencies to Congress to the Supreme Court, NAR advocacy fights to expand housing access and defend property rights.

The Latest Advocacy Scoop Podcast – Live from Advocacy Week! Introducing the 119th Congress

 Shannon McGahn and Patrick Newton discuss the 119th Congress and Advocacy Week on "The Advocacy Scoop" Podcast.

Shannon McGahn and Patrick Newton discuss the 119th Congress and Advocacy Week on “The Advocacy Scoop” Podcast.

The 119th Congress is officially in session. With 72 new legislators, NAR’s advocacy team is on the case. In this episode, taped live during NAR’s inaugural Advocacy Week conference, Shannon and Patrick discuss why change is the norm in Washington – and why that makes the REALTORS® Party model all the more important. Regardless of partisan control, REALTORS® Party relationships ensure NAR has a voice in Congress.

Capitol Pulse: February Advocacy Update

NAR’s Government Advocacy Team continues to build strong relationships with the new 119th Congress and Administration.

NAR led efforts to relaunch the bipartisan Congressional Real Estate Caucus, which has already grown to 52 members. The caucus, tasked with developing legislation to address home supply and affordability, launched at the end of last year with just four members.

This past month, NAR sent six letters to Congress. Four letters were in support of the Administration’s key nominees for housing and labor, and two letters showed our support for legislation that will benefit homeowners:

  1. NAR Letter of Support for Disaster Resiliency and Coverage Act. In this letter, NAR offers its support of legislation that would provide pre-disaster mitigation grants and tax incentives for households to reduce the risk of real property damage due to natural disasters, including floods, hurricanes, and wildfires.
  2. NAR Letter Re: Home Repair Act. This letter thanks Senators Fetterman and Lummis for introducing a whole-home repair bill.

NAR has been engaging in meaningful conversations with the new Administration to communicate our top housing priorities. In the fast-paced Washington environment, where constant policy and legislative changes could potentially impact the housing industry, it has been invaluable for NAR to cultivate a strong and productive collaboration with the President’s team and Cabinet.

To track our positions and responses to policy and legislative updates in real-time, visit the Washington Report.

The Advocacy Team continues to be laser-focused on our top priorities for 2025:

  1. Update America’s tax law and increase access to homeownership.
  2. Expand housing supply and ensure access to professional representation.
  3. Promote NAR research products to help inform policymaking.

Will Congress Extend Trump’s Tax Cuts?

In this month’s REALTOR® Magazine piece, Will Congress Extend Trump’s Tax Cuts?, Washington, D.C., insiders weigh in at NAR’s Policy Forum, which capped the association’s inaugural Advocacy Week, about whether the expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will see new life.

Some background: There has been a lot of turnover in Congress since the 2017 TCJA, a major law with provisions that the National Association of REALTORS® supports because they benefit homeowners and the real estate economy. But as some provisions are set to expire on Dec. 31, NAR has a window to explain to lawmakers—especially new members of Congress who aren’t familiar with the work that went into the TCJA—how the law helps consumers and why certain real estate provisions should be included.

NAR 2024 Year In Review: A New Era Begins

The National Association of REALTORS® released its 2024 Year in Review. The 33-page report is an assessment of the organization’s past year, highlighting member benefits across eight areas—and promising a new mission-driven era.

Last year brought significant milestones for the association, including settlement of the Sitzer-Burnett lawsuit, implementation of residential practice changes for members, and approval of Culture Transformation Commission recommendations to bring greater accountability and transparency. All this came as members worked to navigate a challenging market, with limited inventory, higher interest rates and shifting living and work patterns.

“The past year tested our resilience as an industry, as an association and as individuals,” NAR President Kevin Sears said in a letter that opened the report. “As we embark on 2025, I want to express my gratitude to you—our members, the broker community, the local and state associations, and our MLS and industry partners—for the incredible work you’ve done to push through these challenges and help set the stage for our industry’s future.”

Fair Housing Month Is Coming

Apply for Fair Housing Grants up to $7,500 to support state and local REALTORS® association initiatives. Need ideas? Explore NAR’s Fair Housing Toolkit for strategies or ideas to strengthen fair housing efforts and REALTORS®’ commitment to equal professional service and being leaders of diverse, inclusive communities. Questions? POC: Hannah Dannenfelser

Fair & Attainable Housing Ideas Forum For Associations Returns March 11

Join this interactive session for local and state REALTORS® association staff at 2 PM EST for insights, feedback, and NAR grant opportunities to advance fair and attainable housing. Register now! Questions? POC: Hannah Dannenfelser

RPAC Update

RPAC is off to a strong 2025 start. We’ve raised $13.8 million—30% of our $45.5 million goal—and state associations have already contributed more than $2.6 million towards our federal disbursement allocation, outpacing 2024. Participation is at 18% nationally, with six states hitting their goals. Plus, the Corporate Ally Program is ahead of last year, bringing in nearly $345,000 so far. Major Investor renewals and acquisitions are at 3% nationally, on pace with 2024, while President’s Circle, launching earlier this year, has already raised $109,000 by January’s end.

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