Regulatory Affairs Resources

The activities of the federal agencies and departments of the United States government permeate the business of real estate in a variety of ways. Whether the activity is issuing formal rules, pursuing an enforcement action, or engaging in industry supervision, the buying and selling of real estate is impacted by the actions of more than 25 federal and independent agencies and departments. NAR tracks the activity of these agencies, focusing exclusively on issues affecting REALTORS®, their businesses, and their clients. In addition to being experts on matters ranging from banking regulation to environmental concerns, NAR staff also manage relationships with the agencies to ensure NAR member priorities are always carefully considered. A list of agencies pertinent to REALTORS® can be found at

Department of Housing & Urban Development (HUD)

HUD is the agency in charge of increasing homeownership opportunities, supporting community development, and increasing access to affordable rental housing and homeownership for low-income individuals. Programs under their jurisdiction include the Federal Housing Administration’s (FHA) mortgage insurance program, Community Development Block Grants (CDBG), and multifamily assisted housing programs, including housing vouchers. HUD also is responsible for implementing and enforcing the Fair Housing Act.