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NAR ~ Mid - Year Legislative Meetings

By
Real Estate Broker/Owner with Mackintosh REALTORS 82894
 
 
On Tuesday I attended the NAR mid -year legislate meetings, trade show and then joined the Maryland FPC - (Federal Political Coordinator)  team for the 2024 Hill visits.
 
My morning started by jumping into rush hour traffic to the Shady Grove Metro station. I arrived at the convention center and wandered around the trade show before meeting the other FPC's to take a bus to Capital Hill.
 
 
Our group from Maryland was divided up based on the representatives from our specific districts. Our group visited Congressman David Trone of the 6th district in Maryland.
After going through security in the Rayburn Building we made our way to Congressman Trone's office where we were able to discuss the NAR priorities with his Staff. We each took turns sharing experiences and explaining why each of our priorities benefit homeowners, potential homeowners and the housing market.
 
 
2024 REALTOR® Priorities
 
Ensure veterans maintain access to professional representation and can compete in the market by giving VA buyers the option to compensate their broker directly.
 
Cosponsor the bipartisan More Homes on the Market Act to incentivize more long-term owners to sell their homes by increasing the maximum amount of capital gains a homeowner can exclude on the sale of a principal residence and annually adjusting it for inflation. 
 
Cosponsor the bipartisan Neighborhood Homes Investment Act to attract private investment for building and rehabilitating owner-occupied homes by offering tax credits that create a pathway to neighborhood stability through sustainable home ownership. Providing this powerful incentive to build and rehabilitate homes for low- and moderate-income homeowners can fill the gap in areas where it is often more expensive to develop or rehabilitate than appraisal values will support
 
Cosponsor the Affordable Housing Credit Improvement Act or legislative provisions to expand the Low-Income Housing Tax Credit and encourage investment in creating and preserving affordable housing
 
Support small business by preserving the 199A qualified business income deduction and keeping taxes on business income lower for independent contractors and pass-through business owners. 
 
Support commercial real estate investment and economic development by preserving 1031 like-kind exchanges.  
 
Incentivize home ownership by increasing the $10,000 cap on the state and local tax (SALT) deduction and eliminate the penalty for married taxpayers filing jointly, who have the same maximum deduction as single filers.
 
Cosponsor the Direct Seller and Real Estate Agent Harmonization Act to ensure real estate agents maintain their independent contractor status under the Fair Labor Standards Act and preserve their ability to choose their preferred business classification. 
 
Support the bipartisan Fair and Equal Housing Act to add sexual orientation and gender identity as protected classes under the Fair Housing Act.  
 
Reauthorize and increase funding for HUD fair housing enforcement programs. Congress should support legislation that reauthorizes and increases funding for HUD’s fair housing enforcement programs. 
 
 
Volunteering on the Local / State / National legislative committees have a great impact on the real estate market and it is a great way to give back to your profession. I have served on the local , State and as a FPC to our previous Congressman Roscoe Bartlett. Investing in RPAC is one of the best ways to protect and have a meaningful impact on our industry. Having served as a State RPAC Trustee, I have seen first hand the impact the RPAC dollars invested by our members make.  
 
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post!  Some of my friends, and fellow realtors, were there from Arizona.  Good for you for giving financially and supporting the industry.  Support is critical to keep the wheels turning!  Kudos!

May 08, 2024 06:43 PM
Buzz Mackintosh

Jan Green - Scottsdale, AZ it is more important than ever to invest in RPAC and have our legislative committees be more vigilant than ever if we want the real estate industry to remain as we know it today !!

May 10, 2024 08:12 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Buzz- you have my deepest admiration and respect for giving back to your community and to your industry. Thank you for that. 

May 08, 2024 06:46 PM
Buzz Mackintosh

Thank you Kathy Streib in the long run volunteering doesn't take that much time if you practice time management and the benefits, rewards and accomplishments feel good! 

May 10, 2024 08:18 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Good for you Buzz Mackintosh  for going, I chose not to go so glad to hear some of your feedback. I support animal causes they do not have a voice hence I help them out. Endre

May 08, 2024 10:24 PM
Buzz Mackintosh

Endre Barath, Jr. I'm sure if you look hard enough in Washington DC there is a lobbyist for for every cause.

May 10, 2024 08:20 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Buzz. Was involved in RPAC many years ago. Have not been involved for years and not at all since retirement. Good for you. Thanks for your efforts. Enjoy your day.

May 09, 2024 04:14 AM
Buzz Mackintosh

Wayne Martin  Thank you for your past support. It is always good to give back to your profession!

May 10, 2024 08:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great recap, Buzz... and for me the independent contractor status and help for veterans would be the two most important issues.

May 09, 2024 07:01 AM
Buzz Mackintosh

 Nina Hollander, Broker I agree, it's a shame they do not allow our Armed forces and Vets to compensate to have proper representation. The DOJ also is pushing to do away with the independent contractor status to make us W-2 employees which would destroy our industry!!

May 10, 2024 08:26 AM
Nina Hollander, Broker

Buzz Mackintosh I agree Buzz... and the day they make us W-2 employees is the day I retire. Of course, at my age of 75 I might be ready to retire before they do that. :)

May 10, 2024 09:25 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Buzz,

Great to hear you were in attendance at the NAR-mid level legislate meetings. I appreciate you for giving financially and supporting the industry.

May 09, 2024 07:10 AM
Buzz Mackintosh

Dorie Dillard Austin TX it is always good to connect with old friends at these meetings and it is encouraging to see so many younger agents involved in the process.

May 10, 2024 08:29 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Buzz, for telling us about your activities in DC. Keep up the good work. 

May 09, 2024 11:14 AM
Buzz Mackintosh

Thank you Roy Kelley  the only frustrating part of the day was fighting the rainy rush hour traffic on I-270 getting to the Shady Grove Metro station.

May 10, 2024 08:31 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Thank you for the update from your personal experience.

May 10, 2024 05:57 AM
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Leanne Smith  it is always an interesting experience hearing the different perspectives from the many politicians points of view.

May 10, 2024 08:36 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

May 11, 2024 06:00 PM
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Thanks for the mention Kathy Streib !

May 13, 2024 03:22 AM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS

Thank you, Buzz, for representing us and bringing our most pressing concerns to the legislator's attention. They have the power to make a difference and help ease the housing shortage, I am a fan of upping the capital gains tax exclusion. It is keeping people from selling their homes. Of course, I am a huge proponent of adding commission as an allowable expense for VA buyers. Only then would they be able to use any seller subsidy towards their buyer representation. How this is not understood on the Hill, and beyond, astonishes me. Eliminating independent contractor status is a scary, scary thought, and for the life of me, I can't figure out why the DOJ is so driven to kill entire industries. Is this no longer the country that supports the American Dream?  

May 13, 2024 08:28 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Great work Buzz, thank you.

May 13, 2024 10:58 AM