The NAR has penned a letter to the Speaker of the House and the Democratic Leader expressing support for S.J. Res. 22, a Congressional Review Act (CRA) resolution. First, let’s rewind and look at how we got to S.J. 22. In November 2015, the Environmental Protection Agency (EPA) and the Corps of Engineers (Corps) finalized a controversial regulation known as the U.S. Clean Water Rule. This rule essentially changes what waters of the U.S. can, and will be regulated under the Clean Water Act.
Depending on the finality of the federal regulation, the rule also has the possibility to include other waters on a “case-by-case” basis, as the new regulations see fit.
Clean Water Rule lacks clarity
This lack of clarity has the NAR, as well as property owners in general concerned.
The NAR is pushing for the EPA to withdraw and rewrite their rule from scratch. There are three areas of the rule that are the main focus of concern: ephemeral streams, adjacent waters, and ditches.
Due to the lack of clarity concerning jurisdiction and regulation, the NAR continues to urge the EPA and the Corps to revise their rule to ensure property rights are protected.
Too many conflicting opinions
In a letter penned by Tom Salomone, President of the NAR, their position is made clear.
The NAR “supports the CRA Resolution because it stops the rule from going forward and further undermining the nation’s economy and the rights of property owners.”
They cite the reason for their support to be the “significant disagreement between the federal agencies, the states, local governments, and the regulated community about the scope and effect of the rulemaking.”
The letter also goes on to state that the confusion was so widespread that the 6th Circuit Court of Appeals was forced to impose a nationwide stay on the implementation of the rule, as there were too many conflicting opinions.
Does NAR have the power?
This speaks to the seriousness of the issue: many are concerned, but there is no concrete answer as to what to do, when to do it, or what will happen. This in essence, is why the NAR is asking the resolution to be stopped and hopefully completely revised with greater clarity.
As the resolution approaches the House, it will be interesting to see whether or not the NAR and property owners’ interests are protected or confounded. What do you think about the resolution and the Clean Water Act?
NAR Announces 2021 Leadership Academy Class
[REAL ESTATE ASSOCIATIONS] NAR offers annual Leadership Academy to help participants enrich their leadership skills. Applications for the 2022 academy opens December 2, 2020.
The National Association of Realtors (NAR) Leadership Academy identifies, inspires, and mentors emerging leaders from local and state levels. The Leadership Academy aims to give participants the opportunity to enrich their leadership skills while learning the history, structure, and inner-workings of NAR leadership. The 11-month program includes twelve interactive online courses and in-person experiences designed to prepare graduates to represent the 1.4 million NAR members.
2021 NAR President Charlie Oppler, a Realtor® from Franklin Lakes, N.J., and broker/owner of Prominent Properties Sotheby’s International Realty said, “NAR’s Leadership Academy provides one-on-one experiences and tools that equip volunteer leaders for the critical roles they will play shaping American real estate in the years ahead.” Oppler continued, “Volunteer leaders are vital to our industry, and by better understanding the needs and strategies of our association, Leadership Academy graduates can affect change at the national, state and local levels of this organization.”
The program runs from January through November, concluding at the 2021 REALTORS® Conference and Expo in San Diego, CA. Course summaries, applications, and resources are available at the NAR website. The application period for the 2022 class will be open from December through March 2020.
The 25 Realtors® selected from across the country to participate in the 2021 NAR Leadership Academy are:
Brian Anzur (CO)
Michelle Bailey (ID)
Jaime Caballero (FL)
Cheri Daniels (WA)
Ryan De Guzman (Guam)
Nina Dosanjh (CA)
Gaspar Flores (IL)
Andrew Fristoe (VA)
Karem Gallo Garcia (KS)
Christy Gessler (TX)
Michael Gobber (IL)
Alisha Harrison (WA)
Cynthia Haydon (FL)
Michael Inman (KY)
Bakhsish Khalsa (CA)
William Klein (MO)
John LeTourneau (IL)
John McPherson (NC)
Gonzalo Mejia (FL)
Eileen Oldroyd (CA)
Lorena Pena (TX)
Jairo Rodriguez (NJ)
Derek Sprague (CA)
Peggy Todd (VA)
Heather Zimmaro (OH)
The session topics participants will cover during this course include: How NAR Leads Real Estate from Washington, D.C.; Leadership Skills: Basic- Intermediate; Becoming a Better Spokesperson; Leading NAR From Chicago, IL; and Building Your Legacy: Taking the Next Steps in Your Leadership Journey. In person meetings are designed to provide opportunities for open dialogue and will be located in Washington D.C., Chicago, and San Diego.
What NAR’s senior management hires reveals about their strategy
(REAL ESTATE) The National Association of Realtors (NAR) has hired two powerhouses, and their choices speak volumes of what to expect from the trade group going forward.
The National Association of Realtors (NAR) confirms two top hires – Victoria Gillespie as the new Chief Marketing & Communications Officer, and Shannon McGhan, the new Sr. VP of Governmental Affairs.
These two hires reveal two major signals from NAR.
First, and most unavoidable, these are two rising stars that happen to be women, putting more females in the boardroom which the industry has struggled to do, even in recent decades. In fact, McGhan is the first female in her role in NAR’s 110-year history.
Secondly, these two executives are extremely qualified and come from within their respective segments to serve their roles, and clearly prove CEO Bob Goldberg’s continuing to boldly restructure the corporate organization of the association since his taking the reigns last year.
McGahn will fill the very big shoes of Jerry Giovaniello who retires this year after nearly four decades at NAR and a stellar record of successes. McGhan is sharp and modern – she cut her teeth on the Hill as communications director for the House Republican Conference, and spent over six years serving in various policy communications roles for the House Republican Conference, the Office of the House Majority Leader, and Congresswoman Jennifer Dunn (R-WA). She served as counselor to the secretary of the U.S. Treasury, spearheading relationships with members of banking and tax writing committees alongside House and Senate leadership, managing legislative agendas and priorities.
“I’m excited to join NAR and bring my experience in the legislative and executive branches to support policies that not only benefit members, but promote property ownership for everyday Americans,” said McGahn. “On behalf of NAR’s 1.3 million members, I look forward to promoting the American dream of homeownership, bolstering private property rights and emphasizing the financial security and other associated benefits of owning real property.”
NAR has hired an up-and-comer that knows the intricacies of inside baseball to handle the policy nuances.
Equally impressive is the fact that they’ve also brought on a power player, Gillespie, who has owned her own real estate agency for over 12 years, and served as Sr. VP of Enterprise and Marketing Communications for Northwest Federal Credit Union. She’s extremely well versed in real estate and finance, a powerful combination for the next communications leader at NAR, as the trade group seeks to tackle the daunting and endless task of strengthening their relationship with consumers and activating the Realtor brand.
“I’m thrilled to take on this new role at NAR and put my knowledge of the real estate industry to use for our members,” said Gillespie. “Having spent much of my career in the industry, there are tremendous opportunities to increase the awareness of the value and services that NAR offers so that our members understand that NAR is a radically member-centric organization. I look forward to working with our talented team to do so.”
“The addition of Victoria and Shannon’s strategic leadership to our already powerful team will help us once again make real estate a topline issue,” said Goldberg. “Together, they will lead our strategic direction in Washington and around the country to better serve our members’ interests.”
The combination of these two hires strongly indicates powerful, modern communications and policy strategies in coming years. In short, these hires indicate that they’re not messing around.
NAR sends strongly worded letter to House and Senate on tax reform
(ASSOCIATION NEWS) NAR President, William E. Brown has written a letter detailing the NAR’s concerns over the Blueprint tax reform plan. Here’s what you need to know about it and what NAR foresees for the future if it passes.
Regarding the American Dream
President of the National Association of Realtors®, William E. Brown, wrote a letter to the Speaker of the House, Paul Ryan, as well as the Chairman of the House Committee on Ways and Means, Kevin Brady, expressing the NAR’s feelings about the challenges and opportunities Brown believes will be upcoming in the Trump administration. The letter was sent to all members of the House and Senate, but Brown primarily focuses on the House Republican Tax Reform Blueprint.
More specifically, he writes, “the interaction of two specific features of the plan, which are designed to simplify the tax system” as they would have “the unintended consequences of nullifying the long-standing tax incentives of owning a home for the great majority of Americans who now are, or who aspire to become, homeowners.”
Brown goes on in the letter to detail the specifics of the Blueprint that could become problematic for homeowners. He states, “the Blueprint calls for the standard deduction to be almost doubled from its current levels. The plan also includes the repeal of the deduction for state and local taxes paid, as well as, the elimination of most other itemized deductions.”
He explains the gravity of this potential reform by stating, “Either of [the aforementioned] monumental changes alone would marginalize the value of the current-law tax incentives for owning a home. Unfortunately, the combination of these two revisions would cripple the incentive effect of the federal tax law for all but the most affluent of taxpayers.”
Protecting first-time homebuyers
Brown continues by explaining, “two potentially devastating problems in the aftermath of these modification (are anticipated). First, the impact on the first-time homebuyer could be enormous.”
In many cases, the tax incentives enable first-time homebuyers to be able to afford their very first home. Brown states, “at a time when the rate of first-time home-buying is well below the average of the past few decades, this could be particularly debilitating for the housing industry and the entire economy.”
Home and property value
If that weren’t enough of a reason to take notice of the impending possible reform, Brown goes on to detail the second reason.
He states, “the decimation of the mortgage interest and real property tax deductions would very likely cause a significant plunge in the value of all houses[…]the housing sector has not fully recovered from the thrashing it took during the Great Recession, this drop, even if temporary, could be calamitous.”
This would mean that millions of Americans might quickly find, “the value of their largest financial asset has dived below the amount of debt that is owed.”
NAR protecting homeowners
Brown realizes the Blueprint is aimed at modifying the tax system and attempting to “supercharge growth in our Nation.” He believes there has to be another, better way.
In a statement to The Real Daily, Brown said, “the NAR continues to believe that any tax reform proposal should respect and uphold our system’s longtime support for homeownership. That means avoiding changes that would negate the important incentive effects of the mortgage interest deduction and the state and local property tax deduction.”
He continues, “We’ll be making that case in the months ahead and look forward to working with policymakers in Washington to promote an overhaul of the tax system that engenders positive change for all Americans.”
Read it for yourself
This letter aims to bring this belief to the attention of lawmakers before any changes are made to the existing tax laws.
Read the full letter here (PDF).
If you are interested in learning a little more about the Blueprint, you can read an overview of it here (PDF).
Realtors, you should be using AI – here’s how (and how not to)
Working from home? Watch out for these taxes this year
How a COVID-19 vaccine could upend the housing market (again)
5 fun and easy ideas for a remote holiday office party
How do you react to housing discrimination? Learn from NAR’s new course
The best ways to handle stressed and stressful clients
Why real estate brokerages are NOT startups
Should brokerages have an internal communication strategy?
7 red flags that could scare off potential home buyers
Three ways to actually raise the bar instead of just talking about it
Get The Daily Intel
in your inbox
Subscribe and get news and EXCLUSIVE content to your email inbox!
Thank you for subscribing.
Oh boy... Something went wrong.
Real Estate Big Data1 week ago
Austin real estate will still be hot post-COVID, just different
Real Estate Marketing2 weeks ago
Incentivizing recycled materials puts this shoe startup a step ahead
Real Estate Big Data2 weeks ago
As remote work explodes, workers flock to second cities
Real Estate Technology6 days ago
What you need to know about no-code vs low-code (and what it means)
Real Estate Brokerage1 week ago
Applying for a home? Robots and automation may decide your fate
Real Estate Big Data2 days ago
How a COVID-19 vaccine could upend the housing market (again)
Real Estate Corporate1 week ago
Really, Zillow, ANOTHER patent? This time, a presentation quibble
Real Estate Associations7 days ago
NAR updates code of ethics – here’s why it matters