Federal Issues & Legislation

NAR Weighs in on Remote Notarization

The National Association of Secretaries of State (NASS) has been focused on issues and policies surrounding remote notarization, which involves audio/video applications to allow a person to appear before a notary. Only permissible in some jurisdictions, NAR recently thanked the NASS for their ongoing attention to these issues in an effort to make real estate closings more efficient across the country. NAR will continue to work in partnership with stakeholders and regulators on these important issues.

2018 REALTORS® Legislative Meetings & Trade Expo Registration is Open

Registration is now open for the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, May 14th - 19th. This is where NAR members take an active role to advance the real estate industry, public policy and the association. REALTORS® come to Washington, DC, for special issues forums, committee meetings, legislative activities and the industry trade show.

NAR Wins Pro-Real Estate Provisions in Budget Deal

The federal budget deal signed by the President on Friday, February 9, 2018, contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of NAR-backed tax provisions that include relief from debt forgiveness, the deductibility of mortgage insurance premiums, and several energy-efficiency related provisions.

National Flood Insurance Program Extension

On December 21, 2017, Congress extended the National Flood Insurance Program (NFIP) as part of the continuing resolution to keep the government open through January 19. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure.

Tax Reform, What it Means

While NAR remains concerned that the overall structure of the final bill diminishes the tax benefits of homeownership and will cause adverse impacts in some markets, the advocacy of NAR members, as well as consumers, helped NAR to gain some important improvements throughout the legislative process. The final legislation will benefit many homeowners, homebuyers, real estate investors, and NAR members as a result.

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