Blog
President Signs the Tax Reform Bill
December 27, 2017
The President signed into law the “Tax Cuts and Jobs Act” on December 22, 2017. All individual provisions of the measure are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted. To read […]
Tax Reform Bill: Vote on Final Passage Expected This Week
December 18, 2017
The 1,000+ page Conference Committee Report on the Tax Reform Bill is expected to be voted on this week in the U.S. Senate and House of Representatives. NAR believes that many improvements were made from the prior bills and remains concerned that it will present problems for homeowners and the broader housing market. Read more […]
Net Neutrality Rollback Put Consumers, Main Street Businesses on the Defensive in Digital Era
December 15, 2017
The Federal Communications Commission today announced a rollback of net neutrality rules last week, sparking a swift rebuke from the nation’s 1.3 million REALTORS®. “The internet as we know it today is a fair and open platform that puts everyone on a level playing field,” said National Association of REALTORS® President Elizabeth Mendenhall, a sixth-generation […]
National Flood Insurance Program Extension Moves Forward
December 10, 2017
On December 8, 2017, the National Flood Insurance Program (NFIP) was extended as part of a continuing resolution to keep the government open for two weeks. 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. Read […]
FHA Prohibits PACE Loans
December 10, 2017
On Dec. 7, 2017, the Department of Housing and Urban Development (HUD) announced that HUD will no longer insure mortgages encumbered with a Property Assessed Clean Energy (PACE) assessment. This reversal of HUD policy is a victory for the National Association of REALTORS® whose members sounded concern that PACE liens would take a first-lien […]
Welcome New DAAR Government Affairs and Communications Manager – Brenda Morton
December 8, 2017
We are pleased to announce that Brenda Morton is the new Government Affairs and Communications Manager for DAAR effective Thursday, December 1st. Her primary responsibilities will include advocating on legislative matters that affect the association, administering the Dulles Area REALTORS® Political Action Committee (DARPAC) and managing the association’s communications program. Brenda comes to us with […]
Call for Action – NAR Opposes the Final Tax Reform Bill
December 5, 2017
A new Call for Action launched on Monday, December 4. Join with NAR in opposing the Conference Committee Report when it comes up for a vote in both the House and Senate! Tell your members of Congress that incentives for homeownership and the capital gains tax exclusion on the sale of a home MUST be protected. […]
Phase I Begins – Loudoun County Wants to Know If You’re Renting Out Rooms
December 4, 2017
Are your clients interested in using their property for short-term rentals? If so, they may need to register with Loudoun County officials. Background The 2017 General Assembly passed SB1578, which allows localities to establish a registry of people offering short-term residential rentals and requires them to register annually. The law also includes an exemption from […]
Call to Action: Senate Vote on Tax Reform Expected this Week
November 25, 2017
NAR is OPPOSED to the “Tax Cuts and Jobs Act” tax reform plan released by the Senate Finance Committee. The Senate is expected to vote on the measure the week of November 27th. If you have not so already, please let your Member of Congress know, via NAR’s Call to Action, that not only will millions […]
House Passes Flood Insurance Extension; Vote Needed in the Senate before Deadline
November 24, 2017
As federal flood insurance nears expiration, the National Association of REALTORS® seeks fast work in the Senate. The House of Representatives passed legislation this month to reform and reauthorize the National Flood Insurance Program for five years. But because the bill—which is backed by the National Association of REALTORS®—still needs Senate approval, it’s unclear whether the long-sought […]