Update on the National Association of REALTORS® Advocacy Efforts

Setting the Record Straight on APOA

NAR is providing the facts about the nonprofit, nonpartisan American Property Owners Alliance after an article in The New York Times made false assertions.

The National Association of REALTORS® is providing the facts after a recent article in The New York Times mischaracterized a nonprofit, nonpartisan organization that receives NAR funding.

NAR says the portrayal of the American Property Owners Alliance is not only biased but, at times, factually incorrect. 

“In advance of this article, we provided detailed answers and extensive context to improve [the reporter’s] understanding of the advocacy universe and the amazing work our advocacy team does to support the real estate industry, empower REALTORS® and advance the right to real property for all,” says NAR President Kevin Sears. 

Here’s how NAR says the Times’ reporting misses the mark. (click to read article)

Flood Insurance at a Crossroads: NFIP Reforms, Risks, and Real Estate Impacts [VIDEO]

NAR recently sat down with FEMA for an interview that explores the implications of reauthorization and reforms to the National Flood Insurance Program (NFIP).

Participants included:

• Mabel Guzman, Broker & Past Chair, NAR Insurance Committee
• Bill Leininger, Broker, 2024 Chair, NAR Insurance Committee
• Jeff Jackson, FEMA Assistant Administrator & Senior Executive, National Flood Insurance Program

Click here to watch the entire interview.

FinCEN Beneficial Ownership Information Update

The Financial Crimes Enforcement Network (FinCEN), a bureau within the Treasury Department, recently issued an impact statement regarding the Corporate Transparency Act (CTA), and the Beneficial Ownership Information Reporting (BOIR) in light of a recent nationwide preliminary injunction issued by the Texas federal court on December 3, 2024.

Click here to read their entire statement.

Updated Shutdown Memo

On September 25, 2024, Congress passed a Continuing Resolution (CR) to fund the federal government at current levels until December 20, 2024. If Congress is unable to agree on the provisions of Continuing Resolutions (CRs) to fund the federal government by December 20, 2024, the result will be a partial shutdown of some government operations. A partial shutdown would include some federal housing, mortgage, and other programs of interest to the real estate industry. Essential services, such as the post office, would continue to run. A summary of the impact on selected agencies is provided below.

NAR’s Government Shutdown Memo has been updated to reflect the new deadline of December 20.

While this is a very politically dynamic event, NAR staff will continue to monitor federal agencies and work with Congress, the Administration, and other groups to assess ongoing impacts to NAR members and their businesses. Download the memo here.