Congress

Prepaid Property Tax Debate Undecided

April 12th, 2018
Just a few days shy from the 2018 tax deadline on April 17, and controversy surrounding the new tax law—the Tax Cuts and Jobs Act—is leaving multitudes of homeowners uncertain about whether they should claim their prepaid property tax deductions....

NAR Calls for NFIP Extension Ahead of Expiration

September 6th, 2017
The National Association of REALTORS® (NAR) is calling for a “short-term extension” of the National Flood Insurance Program (NFIP), which is set to expire September 30. The extension will allow for continued work on the 21st Century Flood Reform Act....

Like-Kind Exchanges Fuel the Economy and Job Growth

July 16th, 2017
A Section 1031 like-kind exchange is a transaction where a business or investor exchanges one property—real or personal—for another of like kind. The business or investor is able to defer taxes on any gain on the exchanged property until the...

Real Estate Industry Calls Attention to Role of VA Appraisers

April 6th, 2017
The Appraisal Institute, the National Association of REALTORS® (NAR) and other members of the real estate industry testified before a Congressional subcommittee on Capitol Hill this week in support of the role of appraisers in the Department of Veterans Affairs...

Flood Insurance Critical for a Vibrant Housing Market

May 1st, 2017
Each year, the federal government spends billions of dollars on disaster relief to flood victims—all at taxpayer expense. While floods claim more lives and property than any other natural disaster, it’s important to note that flood disasters have been declared...

REALTORS® Gather in D.C. to Address Key Issues

May 17th, 2017
Approximately 9,000 REALTORS® are gathered in Washington, D.C. this week for the REALTORS® Legislative Meetings & Trade Expo, addressing members of Congress and regulators on key real estate issues, as well as participating in sessions delivered by industry experts and...

NAR President: Reauthorize National Flood Insurance Program

April 1st, 2017
The National Flood Insurance Program (NFIP) will expire in six months, on September 30. The National Association of REALTORS® (NAR) recently issued a statement by NAR President Bill Brown urging Congress to reauthorize the program: “When the NFIP expired in...

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