NAR Advocacy Wins: Delivering Real Value to REALTORS®

The National Association of REALTORS® has achieved significant advocacy victories that directly benefit our profession and the clients we serve. These wins underscore the importance of our collective voice in shaping policies that impact real estate. Here are some recent successes:

Protected Your Independent Contractor Status

NAR successfully advocated to preserve the classification of real estate professionals as independent contractors. This status is vital for maintaining the flexibility and entrepreneurial spirit that define our industry. By safeguarding this classification, REALTORS® can continue to operate their businesses independently, fostering innovation and personalized service.

Preserved the 1031 Like-Kind Exchange

The 1031 Like-Kind Exchange is a crucial tool for real estate investors, allowing them to defer capital gains taxes when exchanging investment properties. NAR's efforts ensured the continuation of this provision, promoting investment in real estate and contributing to economic growth. This preservation supports property owners in managing their investments effectively.

Ensured Continuity of the National Flood Insurance Program (NFIP)

NAR played a key role in securing the extension of the NFIP, preventing disruptions in real estate transactions in flood-prone areas. The program's continuity provides essential protection for homeowners and stability for the housing market. This achievement ensures that buyers and sellers can proceed with confidence in areas where flood insurance is necessary.

Defeated 11 Harmful Tax Changes in Congress

Through vigilant advocacy, NAR successfully opposed 11 proposed tax changes that could have negatively impacted homeowners and real estate professionals. These efforts protected important tax provisions, such as the mortgage interest deduction and property tax deductions, preserving financial incentives for homeownership and investment.

These advocacy victories demonstrate NAR's commitment to protecting the interests of REALTORS® and promoting a healthy real estate market. They provide tangible benefits that enhance your ability to serve clients and grow your business.

For more information on NAR's advocacy efforts and how they support your business, visit https://www.nar.realtor/advocacy#news