HANFRA - Hamptons & North Fork REALTORS® Association members are available to help you buy or sell real estate on Long Island, across the East End - The Hamptons & North Fork and Shelter Island.
As the largest professional trade association in the United States, the NATIONAL ASSOCIATION OF REALTORS® represents more than 1.1 million residential and commercial REALTORS® involved in all facets of the industry as brokers, salespeople, property managers, appraisers and counselors. NAR advocates policy initiatives that will result in the continued creation of a fundamentally sound and dynamic U.S. real estate market fostering vibrant communities in which to live and work.
NAR Issue Brief: 2011 Public Policy Priorities > (PDF: 161K)
Download the printer-friendly version > (PDF: 2.1M)
Political observers agree that significant federal income tax legislation is inevitable in the next few years. Some of the factors driving the potential for major tax changes include the continued expansion of the alternative minimum tax (AMT) — rapid growth in unfunded liabilities facing Federal entitlement programs, and the application of so-called “paygo” budget rules in which revenue-losing tax legislation must be offset by either reductions in direct spending or by tax increases. As a result, a variety of tax laws, including those affected by commercial and residential real estate, could be reviewed with a focus on raising revenue.
The persistence and severity of America’s housing and mortgage finance crises have taken many observers by surprise, prompting urgency regarding viable and necessary solutions. Delinquencies are surging, home prices remain flat or in decline, and foreclosure rates continue to rise. Federal policymakers are poised to take action weighing a number of proposals aimed at laying the groundwork for healthier housing and mortgage markets in the future.
NAR’s commitment to the environment and energy efficiency is evident in its programs to train Green REALTORS®, support Smart Growth initiatives in communities nationwide as well as its Washington, D.C. office building, the first privately owned commercial building in the nation’s capital to be LEED Silver certified. Development of public policy should be guided by market principles and voluntary incentives, which preserve private property rights, ensure access to affordable property insurance, and maintain housing affordability and availability. Because environmental protection and economic growth are not mutually exclusive, those policies should not erect barriers to the ability to own, use or transfer property.
Having a sound and well-functioning commercial and multifamily real estate sector is critical to our country’s economic growth and development, and to millions of U.S. businesses of all sizes that provide local communities with jobs and services. The overall economic downturn and crisis in the broader financial markets is directly impacting not only the fundamentals of commercial real estate finance, but also the outlook for recovery.
While the business of real estate has traditionally been regulated at the state level, NAR represents the interest of its members to ensure that federal legislation and regulations support or do not needlessly hinder the ability of REALTORS®, realty firms and REALTOR® associations to conduct business.