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Financial Assistance for REALTORS® Through CARES Act

in National Advocacy

The federal government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief to small businesses, independent contractors, sole proprietors and individuals who are self-employed. Various relief programs may be available to real estate brokerage firms and agents. Pandemic Unemployment Assistance A key provision in the CARES Act creates a temporary […]

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NAR Wins Major Provisions for REALTORS®

in National Advocacy

The U.S. Senate passed a $2 trillion COVID-19 economic relief package Wednesday night with overwhelming bipartisan support. The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign it into law. The measure includes $350 billion for the Small Business Administration 7(a) loan program. […]

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Coronavirus Emergency Legislation: What REALTORS® Need to Know

in National Advocacy

Congress has passed the Families First Coronavirus Response Act (H.R. 6201) providing support to American workers, families, and businesses, including the expansion of paid sick leave and family medical leave. It also includes refundable tax credits for small businesses and self-employed individuals to cover the cost of the leave. NAR’s advocacy team continues to urge […]

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Real Estate Wins in Government Spending Bills

in National Advocacy

The House on Tuesday passed a federal spending package for fiscal year 2020 that includes several high-priority items for REALTORS®: reauthorization of the National Flood Insurance Program through Sept. 30; an extension of several tax provisions important to real estate markets, such as mortgage debt forgiveness; and a seven-year reauthorization of the Terrorism Risk Insurance […]

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KCRAR Members Meet with Lawmakers in DC

in National Advocacy

Over 30 KCRAR members attended the National Association of REALTORS® Mid-Year Conference and Expo last week in Washington D.C. KCRAR members took the REALTOR® message to Capitol Hill to impress upon lawmakers the value of REALTORS® and why the real estate industry is vital to the health and success of our nation’s economy. Our members […]

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U.S. House Approves Equality Act to Extend LGBT Protections

in National Advocacy

The U.S. House of Representatives took a step on Friday that sought to stop housing discrimination based on sexual orientation. It’s a move that several housing groups, including the National Association of REALTORS®, have long advocated. The House voted 236–173 on Friday to approve the Equality Act, H.R. 5, which would prohibit discrimination on the […]

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Kansas City REALTORS® ‘Get on Track with RPAC’ at the Kansas Speedway

in National Advocacy

More than 65 of Kansas City’s top-producing REALTORS® came together on April 18 at the Kansas Speedway to “Get on Track with RPAC,” experiencing the thrill of racing around the track in a NASCAR race car at over 175 miles per hour through the Richard Petty Driving Experience. This event secured over $51,000 in pledges […]

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Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges

in National Advocacy

The Internal Revenue Service has issued final rules  on the 20 percent business income deduction (Sec. 199A of the Tax Code) that was enacted in late 2017 as part of the Tax Cuts and Jobs Act.on the 20 percent business income deduction (Sec. 199A of the Tax Code) that was enacted in late 2017 as part […]

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NAR Helps Secure FEMA Reversal On New Flood Policies During Shutdown

in National Advocacy

In a critical win for home sales while the partial shutdown of the federal government is ongoing, the Federal Emergency Management Agency will issue and renew flood insurance policies, reversing an unexpected and controversial ruling the agency released earlier this week. “FEMA and the Administration deserve credit for hearing our concerns and acting swiftly to […]

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2018 Kansas City REALTORS® PAC General Election Guide

in National Advocacy

REALTORS® don’t just sell homes. We help businesses and families invest in our communities, which requires quality public schools, a growing economy, a healthy real estate market, strong protection for private property rights and a vibrant business environment. That’s why it’s so important to build relationships with elected officials who understand the key contribution that […]

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