A Year of Wins: How Your Advocacy Dues Fueled Big Victories in 2025

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- Welcome to the advocacy scoop,
the podcast that takes you

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inside the advocacy work
of the National Association

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of Realtors connecting NAR members

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with their advocates in
Washington for a front row seat

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to the fight for public policy
that strengthens the ability

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of Americans to access property ownership.

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- Hello everybody,

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and welcome to the final episode

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of the Advocacy Scoop podcast for 2025.

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I am Patrick Newton
here with the executive.

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How many title changes did you have

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this year? I don't remember.

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- Oh, who's counting? Who's counting?

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- Just the one Executive vice
president Shannon McGahn.

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And happy December.

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- Happy end of the year.

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This has been a long one,

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but we've got a lot of fun stuff
to share with you all today

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so we can be leaving on a high note

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and then see you all again in January.

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- I know. So we're trying to, you know,

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every year we talk about,
you know, like our wins

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for the year, our, our impact.

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We actually have a great
webpage advocacy impact realtor

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that you can go to and, and
check out a lot of what we're,

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or we're gonna be talking about today.

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But, you know, I'm trying

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to make this a little bit more fun

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than, than we normally do.

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So, since it is December, I'm
gonna be a little kitschy here

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and, and, and I've come up with the,

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the 12 wins of advocacy.

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- Remember, your review
is due very soon, Patrick.

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So, so I, let's see how this goes.

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- So I have to do the singing part.

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- You'll be doing the singing. Yes.

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- Well, let's get onto
the 12 wins of advocacy.

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We gotta start with the
first win of advocacy.

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Shannon, NAR gave to me an
open government and N-F-I-P-I

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- Thought you were going to sing

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it. You can give a little more. That

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- Is as close as I'm getting to singing

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Rhyming is, is singing.

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- Might have to do some
like post production kind

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of music to it.

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But yes, an open government

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and the National Flood
Insurance Program, reauthorized,

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we all know it was a messy
process and it took far too long,

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but it is done until we come
back to this in January.

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But what's important to
know is that we were one of,

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if not the most organized

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and proactive voices in this effort.

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And that result was the reauthorization

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of the flood insurance program.

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1300 real estate transactions
are affected each day on

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an extended lapse.

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And so getting that taken care of as soon

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as possible was very important here.

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Our research found that during
a funding lapse, as many

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as 40,000 transactions per month would

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be stalled or even canceled.

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So as soon as we hit that
30 day mark, we mobilized

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yet another call for action

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and call for information to make sure

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that we were having data
coming from every district,

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every state, going directly to
your federal representative,

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saying there are people in your district

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and in your state who
are suffering from this

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and get government up and running.

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That was very effective

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and we thank all of you
who responded to that.

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And during that shutdown,

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our communications efforts,
we were not shut down.

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We were working overtime,
triple time to make sure

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that we were pushing all of
this information to Congress.

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We had over 1500 media
mentions, 2 billion impressions,

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2 billion times that our
material has been seen

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or heard by people
consuming this information.

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- What really impressed
me was the lobby team

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and how they snapped into action.

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Not that they were idle, but

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- No one gets a shutdown down on NA's

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lobby team, that's for sure.

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So while some members of Congress
may not have been in town,

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or some folks may have had
their operations cut down a

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little bit, the NAR lobby team
reached out to all members

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of Congress who were 535 contacts

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with more than 80 high level
meetings on Capitol Hill

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and at the White House.

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That includes meeting with
the speaker of the house,

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with leaders in the House and Senate

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with key committee chairs and Yes.

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Even the President of the United States.

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- Yes. And Ryan Russ Bolts life highlight.

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- Oh, exactly. Getting, exactly,

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- Getting
- Check out the socials

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- For Yeah, we talked about
that in the last episode.

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Well, yeah. So that,

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that obviously commanded
a big part of the year.

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When we got to September,
the, the government shut down.

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So a big win, I think, on
how we were prepared for it.

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And then the action plan we had in place,

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like as it was unfolding.

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'cause it was one of
those things that we sort

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of knew was going to happen.

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Nothing was really gonna stop it, but

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- How to minimize it,
- How to minimize it,

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prepare our members for
it, guide them through it,

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I think is where we sh shine.

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- There is a universe where

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that shutdown would still
be happening today if those

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types of actions weren't taken.

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- Okay. Well, the second win
of advocacy, Shannon, NAR, gave

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to me action from executive agencies.

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- Oh, yes. We can't forget that.

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That's not all Capitol Hill.

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So we had more than 20 letters
that went to the White House

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and federal agencies that
are weighing in on all types

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of regulatory actions and meetings

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and things that we have
with the executive branch.

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So one of the big ones
was NAR joined a coalition

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of consumer and mortgage finance groups

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to warn bank regulators.

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People don't often think

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that bank regulators are
involved in real estate,

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but of course, anything
that touches finance is

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going to touch real estate.

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- The most regulated
transaction of your life.

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- Most Yep. Taxed and regulated.

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And so that there would be
some pretty negative impact

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of some proposed revisions to
something called Basel three.

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Look it up. That could raise the cost

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of borrowing in those high cost areas

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where affordability is
already out of reach.

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And then also that could harm
some of the newer programs

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that we have for underserved groups

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and it could weigh on housing supply.

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So we've received a lot
of attention for that,

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and it's an area that people
don't often think we weigh in

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on, but it's, it's an important one.

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We also reached out to the White House

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and the Joint Task Force of
the Department of Housing

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and Urban Development and the Department

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of Interior on their efforts
to develop federal land.

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That there are, especially
out west, many tracks

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of federal land that are adjacent

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to existing developed areas could be used

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for housing developments

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and to help alleviate the inventory crisis

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and something that we've
been working on for years.

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Senator Mike Lee has had a bill the last

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couple of congresses.

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And so now we are seeing some
potential regulatory action

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to free that up.

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Some other quick things,
credit modernization,

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the Federal Housing Finance
Agency is continuing

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to expand the use of relevant data

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and to credit scores.

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So yes, you get credit for
paying off your credit cards

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and all this revolving debt,

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but do you get credit for
your utilities and your rent

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and other things that that
matter to, to your pocketbook?

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And so this is expanding it
so that we have more options

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for folks to show that
they're credit worthy

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modus waters of the US.

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Back in May of 23,

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the Supreme Court had a really
big ruling called SST versus

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EPA related to what types
of wetlands were going

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to be federally protected,
which also impacts the ability

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to develop in those areas.

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So this is something that
we have been following,

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and I think we did an amicus
brief in that case as well.

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And so we're following the Clean Water Act

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and how we can make sure that more land

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can be developed there.

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Those are just a handful of things.

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Would encourage you to go

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to the Washington report on our website

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where we put stuff weekly up on what,

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what's going on in the regulatory world.

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- And all those letters that
you mentioned, are there

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- Strongly worded letters
that are very, that are,

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are amazing subject matter experts

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who are very well steeped in
these policies and the history.

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Our letters are incredibly
useful resources

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to take a deep dive into the regulatory

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issues that impact real estate.

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- All right. Well, Shannon,
the third win of advocacy,

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the NAR gave to me more
housing bills than ever

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before The Real Estate Caucus

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and thousands of Capitol Hill meetings.

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- Are we rhyming meetings with
me? Is that how this works?

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But okay, I'll I'll take it.

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I'll take it when you start singing

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it, I won't be critical of this.

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So we had our FPCs, federal
political coordinators,

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our key contacts in every
congressional district.

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Every senator alone held
more than 1200 meetings

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with members of Congress.

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That's on top of our
nine person lobby team

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that participated in more
than 5,000 in-person meetings,

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committee hearings, political events,

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and other types of engagements.

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There is just been unprecedented
amount of activity.

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I think post pandemic post
we, when people realize

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how difficult it is when you're
not running into each other

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now everyone's walking the
halls of Congress and excited. I

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- Mean, think about 5,000 plus, you know,

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meetings from our lobby team,

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which is eight people throughout the year.

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And you know, I was talking

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to Ryan Rusal on our lobby
team just this morning about

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these numbers and you know, he said just

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for Kevin's committee hearing,

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which we'll talk about here
in a minute, that happened

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to just a few days ago.

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They reached out to 53 members

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of the Financial Services committee

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and worked with them just on that hearing.

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So like, just, just on one hearing.

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So the amount of work that
they do is, is mind blowing.

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- And these types of
contacts are not an email

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blast that does not work.

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It was a long time Hill staffer,

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and you saw this Patrick too, you know,

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to ignore those emails very easily.

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But these are actual phone calls,

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messages in person meetings, get togethers

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and things to make sure that this,

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this information is going through.

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Our federal political
coordinators also were active

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throughout the country,
hosting fundraisers,

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usually in their own homes
or maybe a local restaurant

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or area club

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where they have successfully
launched the pro property

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platform where we can
actually give direct donations

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to these dozens

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and dozens of candidates
through that platform.

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They also were very engaged
in the advocacy training,

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doing the Advocacy Academy webinars

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over 10,000 training games that
they did these trivia games,

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which are actually a really fun way

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to train you on your advocacy
efforts throughout the year.

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So these things don't just happen

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during our legislative meetings
in, you know, may or June.

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They happen year round in each
one of these contacts counts.

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- Another big, big win when
we're talk, talking Congress

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and legislatively is
the Real Estate caucus.

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'cause we launched this in the
last Congress with a couple,

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couple of members of Congress,

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- 4, 4, 2 Republicans, two Democrats.

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They, they were geographic diversity

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and we're like, wow, this
is a, a, a great group

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and maybe we'll be able to
double it within the next,

255
00:10:16,980 --> 00:10:18,840
you know, couple of months.

256
00:10:18,840 --> 00:10:20,970
By the end of last year
we had over a hundred

257
00:10:20,970 --> 00:10:24,870
and then we added 48
more since our realtor

258
00:10:24,870 --> 00:10:26,400
legislative meetings back in June.

259
00:10:26,400 --> 00:10:30,240
So now we're up to 122 members
of the Real Estate Caucus,

260
00:10:30,240 --> 00:10:31,470
just a little over a year

261
00:10:31,470 --> 00:10:33,960
- In the House of
Representatives out of 435.

262
00:10:33,960 --> 00:10:35,430
- Yeah. And we have a senator.

263
00:10:35,430 --> 00:10:39,030
Oh yes, Idaho, please
thank your Senator Rich

264
00:10:39,030 --> 00:10:40,710
for being the first senator

265
00:10:40,710 --> 00:10:42,005
to join the Real Estate Caucus. Oh,

266
00:10:42,005 --> 00:10:43,005
- There we go.

267
00:10:43,005 --> 00:10:45,000
Yeah, I didn't even know we
were marketing it in the Senate.

268
00:10:45,000 --> 00:10:46,680
- Well, senators are not joiners

269
00:10:46,680 --> 00:10:48,540
by nature, really their thing.

270
00:10:48,540 --> 00:10:50,100
So that's, that's,

271
00:10:50,100 --> 00:10:52,860
- Well these are all realtor
party champions in Congress

272
00:10:52,860 --> 00:10:54,810
that are so focused on our issues

273
00:10:54,810 --> 00:10:56,850
that they've joined this
caucus that we help spearhead.

274
00:10:56,850 --> 00:10:58,530
So this is huge.

275
00:10:58,530 --> 00:10:59,910
Well, let's tick through real quick,

276
00:10:59,910 --> 00:11:03,330
since we're still on Congress,
some of the other key pieces

277
00:11:03,330 --> 00:11:06,060
of legislation that were
big successes this year.

278
00:11:06,060 --> 00:11:09,150
- Oh, sure. So be quick
on this Protecting Veteran

279
00:11:09,150 --> 00:11:10,620
Home Loan Benefits.

280
00:11:10,620 --> 00:11:13,470
As most folks following
this podcast, you know that

281
00:11:13,470 --> 00:11:15,660
after our settlement
agreement, one of the areas

282
00:11:15,660 --> 00:11:19,170
of concern was our VA
home loan benefit program,

283
00:11:19,170 --> 00:11:20,610
and would veterans have the ability

284
00:11:20,610 --> 00:11:22,530
to use a licensed real estate

285
00:11:22,530 --> 00:11:24,030
professional and the transaction?

286
00:11:24,030 --> 00:11:26,130
And so we immediately jumped to action

287
00:11:26,130 --> 00:11:28,950
with regulatory changes,
congressional oversight,

288
00:11:28,950 --> 00:11:32,070
and then we saw the VA
Home Loan Reform Act.

289
00:11:32,070 --> 00:11:35,790
HR 1815 was signed into law
by President Trump in July.

290
00:11:35,790 --> 00:11:38,880
So that passed Congress unanimously.

291
00:11:38,880 --> 00:11:41,850
So we've also been working
on the Road to Housing Act,

292
00:11:41,850 --> 00:11:43,710
which passed the Senate Banking Committee.

293
00:11:43,710 --> 00:11:47,760
And as of this podcast is on its way

294
00:11:47,760 --> 00:11:50,010
through a must pass piece of legislation,

295
00:11:50,010 --> 00:11:52,960
the National Defense Authorization
Act, some key components

296
00:11:52,960 --> 00:11:56,650
of the Road to Housing Act are
likely to be included in that

297
00:11:56,650 --> 00:11:58,450
and signed into law before
the end of the year.

298
00:11:58,450 --> 00:11:59,890
So they just put out a press release

299
00:11:59,890 --> 00:12:02,410
and the very first quote on
that was from yours truly

300
00:12:02,410 --> 00:12:06,880
and NAR supporting these important
bipartisan housing bills.

301
00:12:06,880 --> 00:12:10,060
This is Chairman Tim
Scott of South Carolina

302
00:12:10,060 --> 00:12:12,970
and ranking member Elizabeth
Warren of Massachusetts.

303
00:12:12,970 --> 00:12:14,470
And when the two of them get together

304
00:12:14,470 --> 00:12:17,440
and decide that this is the
bipartisan action they want,

305
00:12:17,440 --> 00:12:18,670
it's really hard to say no.

306
00:12:18,670 --> 00:12:21,730
So this has been a, a great process.

307
00:12:21,730 --> 00:12:25,900
We've also had some
success in the commercial

308
00:12:25,900 --> 00:12:28,720
to residential conversions area, thanks

309
00:12:28,720 --> 00:12:30,580
to our coalition partners working

310
00:12:30,580 --> 00:12:33,370
with Congressman Mike Carey
out of the great state

311
00:12:33,370 --> 00:12:35,920
of Ohio from my hometown
of Columbus, Ohio,

312
00:12:35,920 --> 00:12:38,860
and Congressman Jimmy Gomez
out of the great state

313
00:12:38,860 --> 00:12:41,140
of California, but it's no Ohio

314
00:12:41,140 --> 00:12:43,210
introduced the revitalizing Downtowns

315
00:12:43,210 --> 00:12:46,420
and Main Streets Act, which
incentivizes converting

316
00:12:46,420 --> 00:12:48,070
underutilized commercial properties

317
00:12:48,070 --> 00:12:50,470
to residential units via a tax credit.

318
00:12:50,470 --> 00:12:52,570
So it's been one of our top priorities

319
00:12:52,570 --> 00:12:55,510
and it's now moving again.

320
00:12:55,510 --> 00:12:56,800
We also endorsed bills

321
00:12:56,800 --> 00:12:59,740
that will help increase
housing supply, like

322
00:12:59,740 --> 00:13:01,360
this one just rolls off the tongue.

323
00:13:01,360 --> 00:13:05,200
The Reducing Regulatory Barriers
to Housing Act R-R-B-H-A,

324
00:13:05,200 --> 00:13:06,520
that's a nice acronym for it

325
00:13:06,520 --> 00:13:09,070
that will create more
capacity at the federal level

326
00:13:09,070 --> 00:13:10,840
to aggregate best practices

327
00:13:10,840 --> 00:13:14,110
and create incentives for land
use policies, zoning policies

328
00:13:14,110 --> 00:13:16,270
and things that will
increase housing supply.

329
00:13:16,270 --> 00:13:18,850
And then there's also the
Housing Supply Framework Act,

330
00:13:18,850 --> 00:13:21,820
which convenes a task force of developers

331
00:13:21,820 --> 00:13:23,890
and land use professionals, zoning experts

332
00:13:23,890 --> 00:13:25,690
to also develop best practices.

333
00:13:25,690 --> 00:13:27,190
And that framework that can be used

334
00:13:27,190 --> 00:13:28,450
by state and local officials.

335
00:13:28,450 --> 00:13:29,650
- Come on. They're just,
they're just phoning

336
00:13:29,650 --> 00:13:30,820
that, that bill name in.

337
00:13:30,820 --> 00:13:33,220
Well, like when you're a
Hill staffer, you're like,

338
00:13:33,220 --> 00:13:34,585
- Oh, I loved naming bills. That was

339
00:13:34,585 --> 00:13:35,585
- My favorite.

340
00:13:35,585 --> 00:13:36,418
Naming bills is the
most fun part of the job

341
00:13:36,418 --> 00:13:38,410
- We had with these efforts.

342
00:13:38,410 --> 00:13:41,050
We are reminding folks too
that while we may not be able

343
00:13:41,050 --> 00:13:43,210
to create legislation,
we create frameworks

344
00:13:43,210 --> 00:13:44,680
that can help in this process.

345
00:13:44,680 --> 00:13:48,310
And the Housing Supply Accelerator
playbook that we worked

346
00:13:48,310 --> 00:13:50,260
with, the American Planning Association

347
00:13:50,260 --> 00:13:52,270
and the National League of
Cities, the mortgage bankers,

348
00:13:52,270 --> 00:13:54,730
the Home Builders, and many other groups

349
00:13:54,730 --> 00:13:57,700
that showcases over 40
best practices for things

350
00:13:57,700 --> 00:13:59,980
that can happen at the state
and local level right now

351
00:13:59,980 --> 00:14:01,270
to unleash that inventory.

352
00:14:01,270 --> 00:14:04,510
So perhaps that playbook
will be included in this

353
00:14:04,510 --> 00:14:06,280
legislation and may have been part

354
00:14:06,280 --> 00:14:07,990
of our talking points
to trigger this effort.

355
00:14:07,990 --> 00:14:10,210
- All right, well, oh my
God, you just set me up

356
00:14:10,210 --> 00:14:11,725
for my next win trigger.

357
00:14:13,625 --> 00:14:14,905
Ah, got it. Okay.

358
00:14:14,905 --> 00:14:17,800
On the fourth win of
advocacy in AR gave to me,

359
00:14:17,800 --> 00:14:19,690
no more trigger leads.

360
00:14:20,785 --> 00:14:23,410
See, so tell me, what is a trigger lead?

361
00:14:23,410 --> 00:14:24,760
- Oh, and
- How did we get rid of

362
00:14:24,760 --> 00:14:25,760
- Them?

363
00:14:25,760 --> 00:14:26,593
This, this is a big issue

364
00:14:26,593 --> 00:14:28,570
and Patrick must have received
a lot of these phone calls

365
00:14:28,570 --> 00:14:30,610
because your obsession
with it is very inspiring.

366
00:14:30,610 --> 00:14:32,800
So this will eliminate the use of annoying

367
00:14:32,800 --> 00:14:34,360
and predatory trigger leads.

368
00:14:34,360 --> 00:14:37,180
So this is Congressman
John Rose out of Tennessee

369
00:14:37,180 --> 00:14:39,010
and Richie Torres out of New York work

370
00:14:39,010 --> 00:14:41,620
to pass the Home Buyer's
Privacy Protection Act

371
00:14:41,620 --> 00:14:43,420
that will heavily restrict the use

372
00:14:43,420 --> 00:14:44,770
of mortgage trigger leads.

373
00:14:44,770 --> 00:14:47,560
So this is when you go to
apply for a mortgage loan

374
00:14:47,560 --> 00:14:50,020
and a lender makes a credit
inquiry, dings your credit,

375
00:14:50,020 --> 00:14:52,640
and then they're allowed to
sell to competing lenders

376
00:14:52,640 --> 00:14:54,530
or mortgage brokers, your information.

377
00:14:54,530 --> 00:14:56,630
So then everyone's coming
to you saying, oh, hey,

378
00:14:56,630 --> 00:14:58,310
you've gotta get your, your loan with us,

379
00:14:58,310 --> 00:14:59,660
which can be quite predatory.

380
00:14:59,660 --> 00:15:02,690
So this will restrict
heavily restrict the, the use

381
00:15:02,690 --> 00:15:04,640
of those type of trigger leads.

382
00:15:04,640 --> 00:15:07,130
- All right. Well the,
you know, five's a big one

383
00:15:07,130 --> 00:15:10,520
and the fifth one of
advocacy in AR gave to me

384
00:15:10,520 --> 00:15:14,840
five golden winds from the
one big beautiful bill act.

385
00:15:14,840 --> 00:15:17,630
- Yes. That's the permanent
lower individual tax rates,

386
00:15:17,630 --> 00:15:21,920
the permanent qualified business
income deduction, 1 99 A,

387
00:15:21,920 --> 00:15:24,590
which is the biggest realtor tax cut

388
00:15:24,590 --> 00:15:28,310
that's preserved four times
the larger salt deduction

389
00:15:28,310 --> 00:15:30,740
for the next five years,
which is real relief

390
00:15:30,740 --> 00:15:33,740
for homeowners 10 31.

391
00:15:33,740 --> 00:15:37,430
And business salt protection
maintained the permanent

392
00:15:37,430 --> 00:15:39,920
mortgage interest deduction
was kept in there.

393
00:15:39,920 --> 00:15:41,570
- Permanent being, we
talked about that the,

394
00:15:41,570 --> 00:15:43,760
like very few tax breaks are permanent

395
00:15:43,760 --> 00:15:46,340
and we got the mortgage
interest made permanent.

396
00:15:46,340 --> 00:15:47,285
- Exactly.
- And some people wanted

397
00:15:47,285 --> 00:15:48,260
to get rid of it altogether.

398
00:15:48,260 --> 00:15:50,030
- Oh, there's, they still do that.

399
00:15:50,030 --> 00:15:51,590
That is going to be an evergreen issue.

400
00:15:51,590 --> 00:15:53,540
But the good thing when you
make something permanent is that

401
00:15:53,540 --> 00:15:56,570
that means that it's in that
score for years to come.

402
00:15:56,570 --> 00:15:58,730
And so if they want to change
it, then they're going to have

403
00:15:58,730 --> 00:16:00,380
to find a different
type of way to score it.

404
00:16:00,380 --> 00:16:02,540
So there's no such thing
as permanence in politics,

405
00:16:02,540 --> 00:16:04,370
but this is better than something

406
00:16:04,370 --> 00:16:05,660
that's going to expire in two years.

407
00:16:06,560 --> 00:16:09,980
We also have many other key
jewels that are in the bill.

408
00:16:09,980 --> 00:16:12,410
The higher standard
deduction, lower rates,

409
00:16:12,410 --> 00:16:15,980
the improved child tax credit
extension opportunity zones

410
00:16:15,980 --> 00:16:18,200
were strengthened and
redesigned so we can,

411
00:16:18,200 --> 00:16:20,780
massive potential for revitalization.

412
00:16:20,780 --> 00:16:23,450
Estate tax threshold
was set permanently at

413
00:16:23,450 --> 00:16:25,610
$15 million per person.

414
00:16:25,610 --> 00:16:28,580
Low income housing tax
credits increased 12%.

415
00:16:28,580 --> 00:16:30,710
It's a big jump up and it's projected that

416
00:16:30,710 --> 00:16:32,210
that could help create a million

417
00:16:32,210 --> 00:16:34,940
or more new apartments
over the next decade.

418
00:16:34,940 --> 00:16:37,490
And then their 5 29 accounts can be used

419
00:16:37,490 --> 00:16:40,400
to fund real estate credentialing
and career training.

420
00:16:40,400 --> 00:16:43,640
And then something that was
in the news this past week are

421
00:16:43,640 --> 00:16:45,050
what's called the Trump accounts,

422
00:16:45,050 --> 00:16:48,110
which are the 401k type
accounts for babies

423
00:16:48,110 --> 00:16:49,910
who were born starting
when the rule comes out,

424
00:16:49,910 --> 00:16:51,350
which I think is 2026,

425
00:16:51,350 --> 00:16:53,660
that you have your own
account that's created.

426
00:16:53,660 --> 00:16:54,920
And we've also seen in the news,

427
00:16:54,920 --> 00:16:58,460
Michael Dell making a
similar announcement that

428
00:16:58,460 --> 00:17:02,060
his foundation is funding
similar types of accounts

429
00:17:02,060 --> 00:17:05,030
for folks in low income
areas who might not be in

430
00:17:05,030 --> 00:17:07,040
that same pool for the Trump accounts.

431
00:17:07,040 --> 00:17:09,110
But the great thing about
these new accounts is that

432
00:17:09,110 --> 00:17:12,140
that money will build over decades

433
00:17:12,140 --> 00:17:15,200
and can be used for a
down payment on a home,

434
00:17:15,200 --> 00:17:18,920
- Which is the greatest
roadblock for, for most people.

435
00:17:18,920 --> 00:17:20,930
- Exactly. - I mean, when,
when pursuing home ownerships

436
00:17:20,930 --> 00:17:23,360
- And all of our other policies
are designed to make sure

437
00:17:23,360 --> 00:17:24,860
that they can get to that down payment

438
00:17:24,860 --> 00:17:27,650
before they're 40 years old
and buying a first time home.

439
00:17:27,650 --> 00:17:31,070
So getting that number back to
its maybe early two thousands

440
00:17:31,070 --> 00:17:34,190
to 2010 level is on the radar.

441
00:17:34,190 --> 00:17:37,460
- Well, Shannon, on the sixth
win of advocacy in AR gave

442
00:17:37,460 --> 00:17:39,830
to me a lot of legalese.

443
00:17:39,830 --> 00:17:43,400
- So legalese is also rhyming
with me. We got it. Okay.

444
00:17:43,400 --> 00:17:45,410
So our legal advocacy efforts,

445
00:17:45,410 --> 00:17:49,230
which are covered in a
previous episode of the Scoop,

446
00:17:49,230 --> 00:17:51,150
are a very important part

447
00:17:51,150 --> 00:17:53,910
of our regulatory efforts legislative,

448
00:17:53,910 --> 00:17:57,840
because we're using every
vehicle imaginable to make sure

449
00:17:57,840 --> 00:18:00,330
that private property
rights are protected.

450
00:18:00,330 --> 00:18:03,420
So a few of those big
cases that this is all

451
00:18:03,420 --> 00:18:04,985
- Available just from
this year. I mean, yeah.

452
00:18:04,985 --> 00:18:07,425
- Oh, we've got so many. The
eviction moratorium was the,

453
00:18:07,425 --> 00:18:09,570
the first big case during the pandemic.

454
00:18:09,570 --> 00:18:11,490
Went to the Supreme Court twice we won.

455
00:18:11,490 --> 00:18:13,380
And then since then, this has been an area

456
00:18:13,380 --> 00:18:15,060
of increased activity.

457
00:18:15,060 --> 00:18:16,170
So several big cases

458
00:18:16,170 --> 00:18:18,300
that are moving through
the federal courts.

459
00:18:18,300 --> 00:18:20,280
One is Darby versus the United States.

460
00:18:20,280 --> 00:18:22,800
So as you all may remember,
when we were active

461
00:18:22,800 --> 00:18:24,180
during the eviction moratorium

462
00:18:24,180 --> 00:18:26,010
and suing the CDC on behalf

463
00:18:26,010 --> 00:18:28,680
of property owners in
the apartment community,

464
00:18:28,680 --> 00:18:30,240
there were leases that didn't happen.

465
00:18:30,240 --> 00:18:34,200
And this has been an ongoing
issue in the federal courts.

466
00:18:34,200 --> 00:18:36,720
So we issued an amicus brief in support

467
00:18:36,720 --> 00:18:39,090
of property owners in this case, showing

468
00:18:39,090 --> 00:18:40,530
that there's a physical taking

469
00:18:40,530 --> 00:18:43,200
of their property under the
Fifth Amendment taking clause in

470
00:18:43,200 --> 00:18:45,180
order to make sure that
you are housing people,

471
00:18:45,180 --> 00:18:47,520
but you're not getting that
compensation in return.

472
00:18:47,520 --> 00:18:50,580
That is why we fought
for rental assistance

473
00:18:50,580 --> 00:18:52,110
during the eviction moratorium,

474
00:18:52,110 --> 00:18:55,800
and were able to secure $50
billion of rental assistance

475
00:18:55,800 --> 00:18:58,560
to ensure that tenants
had the ability to pay

476
00:18:58,560 --> 00:19:00,840
and that property owners
weren't going to be on the hook

477
00:19:00,840 --> 00:19:02,100
for all of those bills.

478
00:19:02,100 --> 00:19:05,400
So this continues in the courts.

479
00:19:05,400 --> 00:19:08,160
We also had a big win,

480
00:19:08,160 --> 00:19:10,800
an appeals court victory
in a fair use case

481
00:19:10,800 --> 00:19:13,230
that was supported by NAR.

482
00:19:13,230 --> 00:19:16,680
This is regarding the use of
floor plans and real estate,

483
00:19:16,680 --> 00:19:18,120
and is it fair use

484
00:19:18,120 --> 00:19:22,320
of copyrighted home designs
under copyright law for them

485
00:19:22,320 --> 00:19:24,900
to show up in listings
that are often used.

486
00:19:24,900 --> 00:19:26,760
When I go and look at
a real estate listing,

487
00:19:26,760 --> 00:19:28,440
I immediately go to the floor plan.

488
00:19:28,440 --> 00:19:29,490
I wanna see that first and

489
00:19:29,490 --> 00:19:30,755
then, and then the rest of it. But

490
00:19:30,755 --> 00:19:32,305
- That case made a lot of news too,

491
00:19:32,305 --> 00:19:34,980
- And it had been going
on for, for many years.

492
00:19:34,980 --> 00:19:36,690
So N'S Legal Action Committee

493
00:19:36,690 --> 00:19:40,260
and our Amicus Brief Advisory
Board supported the brokerages

494
00:19:40,260 --> 00:19:44,370
since 2018, providing multiple
rounds of funding assistance

495
00:19:44,370 --> 00:19:47,610
for the defendants and
approving our participation in,

496
00:19:47,610 --> 00:19:50,910
in October of 2025, the
final step of the process,

497
00:19:50,910 --> 00:19:53,280
the Supreme Court declined
to review the case.

498
00:19:53,280 --> 00:19:57,240
So our position stands and
that was a, a big victory.

499
00:19:57,240 --> 00:19:59,220
- All right. - Well we have
plenty more on our website too,

500
00:19:59,220 --> 00:20:01,365
if you're looking for more legalese too.

501
00:20:01,365 --> 00:20:03,960
- I know. And the, these
takings cases keep piling up.

502
00:20:03,960 --> 00:20:06,360
We had a bunch of takings
cases wins last year.

503
00:20:06,360 --> 00:20:07,680
I think I said one of the episodes,

504
00:20:07,680 --> 00:20:10,200
like a kindergartner
understands you can't take

505
00:20:10,200 --> 00:20:11,820
something that doesn't belong to you.

506
00:20:11,820 --> 00:20:13,020
- Exactly.
- I know.

507
00:20:13,020 --> 00:20:14,040
- So, and they're popping up a lot

508
00:20:14,040 --> 00:20:15,990
of rent control related cases too.

509
00:20:15,990 --> 00:20:19,380
We'll be seeing in 2026. So stay tuned.

510
00:20:19,380 --> 00:20:22,170
We might be due for another

511
00:20:22,170 --> 00:20:24,030
scoop on all things legal advocacy.

512
00:20:24,030 --> 00:20:27,120
- Okay, well the seventh win
of advocacy NAR gave to me,

513
00:20:27,120 --> 00:20:30,780
Shannon election wins that
prove our members show up Bigly.

514
00:20:30,780 --> 00:20:34,230
- Oh, that one's good. Bigly Bigly, yes.

515
00:20:35,310 --> 00:20:38,400
- So it was an off year
election, so, you know,

516
00:20:38,400 --> 00:20:41,130
but we still, there was still
an election day this year

517
00:20:41,130 --> 00:20:42,390
and we were still involved,

518
00:20:42,390 --> 00:20:45,510
but even though it wasn't
a big election year,

519
00:20:45,510 --> 00:20:47,560
- Just like I've learned
being a hockey mom,

520
00:20:47,560 --> 00:20:49,270
there is no such thing as off season.

521
00:20:49,270 --> 00:20:51,520
There is no such thing
as off year in elections

522
00:20:51,520 --> 00:20:53,950
because there are elections every year,

523
00:20:53,950 --> 00:20:56,170
and apparently you play
hockey in the summertime.

524
00:20:56,170 --> 00:21:01,120
Who knew? So in 2025, our
independent expenditure program,

525
00:21:01,120 --> 00:21:02,980
so that is the fund where we are able

526
00:21:02,980 --> 00:21:07,960
to independently support
candidates through advertisements

527
00:21:07,960 --> 00:21:10,660
that say vote for or against
a particular candidate.

528
00:21:10,660 --> 00:21:12,340
And we do that around the country,

529
00:21:12,340 --> 00:21:14,260
not just at the federal
level, but at the state

530
00:21:14,260 --> 00:21:15,760
and local level as well.

531
00:21:15,760 --> 00:21:20,260
So in 2025, that program
supported 126 candidates

532
00:21:20,260 --> 00:21:24,490
around the country with a 68.9%

533
00:21:24,490 --> 00:21:26,050
win rate for the year.

534
00:21:26,050 --> 00:21:27,220
In the November elections,

535
00:21:27,220 --> 00:21:31,360
the program supported 58
winning campaigns with over 65%

536
00:21:31,360 --> 00:21:33,220
of the races supported that won.

537
00:21:33,220 --> 00:21:35,320
- And then also our issues, mob issues,

538
00:21:35,320 --> 00:21:38,020
mobilization this year, 62 grants

539
00:21:38,020 --> 00:21:41,320
that we awarded $8.3
million. Is that right?

540
00:21:41,320 --> 00:21:44,050
- Yes. And issues mobilization
is, is like I ees,

541
00:21:44,050 --> 00:21:46,960
but instead of for candidates,
it's for a policy position.

542
00:21:46,960 --> 00:21:50,200
So it's, it really
matters in these off years

543
00:21:50,200 --> 00:21:51,700
because that's where a lot of these can

544
00:21:51,700 --> 00:21:53,290
potentially sneak through.

545
00:21:53,290 --> 00:21:55,330
So we had an 18 to three win record

546
00:21:55,330 --> 00:21:57,760
for the year supporting issues
ranging from property tax

547
00:21:57,760 --> 00:22:00,430
relief in Texas to
stream lighting building

548
00:22:00,430 --> 00:22:01,780
in New York City,

549
00:22:01,780 --> 00:22:03,310
- And our call for action

550
00:22:03,310 --> 00:22:04,690
through the Advocacy Everywhere program.

551
00:22:04,690 --> 00:22:06,520
I just got some fresh numbers from this

552
00:22:06,520 --> 00:22:07,930
morning for the year on that.

553
00:22:07,930 --> 00:22:10,510
So tell what, what is advocacy everywhere?

554
00:22:10,510 --> 00:22:13,060
- This is because our
advocacy is everywhere.

555
00:22:13,060 --> 00:22:14,860
- Everywhere, all at once.
- So everywhere.

556
00:22:14,860 --> 00:22:18,940
So we had 141 calls for
action through this program.

557
00:22:18,940 --> 00:22:21,880
So this is something that is
available to all of our state

558
00:22:21,880 --> 00:22:23,140
and local associations

559
00:22:23,140 --> 00:22:25,570
to activate realtors around the country.

560
00:22:25,570 --> 00:22:29,710
We had more than 25,000 realtors
participating with close

561
00:22:29,710 --> 00:22:31,780
to a hundred thousand messages delivered.

562
00:22:31,780 --> 00:22:34,540
So thousands of elected
officials were contacted.

563
00:22:34,540 --> 00:22:37,360
And I, it's just one of those programs

564
00:22:37,360 --> 00:22:39,460
that no other organization can replicate,

565
00:22:39,460 --> 00:22:41,650
and it is incredibly effective

566
00:22:41,650 --> 00:22:43,120
to get our voices out in these

567
00:22:43,120 --> 00:22:44,440
types of issues around the country.

568
00:22:44,440 --> 00:22:47,560
- All right, well the eighth
win of advocacy NAR gave to me,

569
00:22:47,560 --> 00:22:50,710
Shannon, and us and everyone, rpac

570
00:22:50,710 --> 00:22:53,380
and the pro property platform machines.

571
00:22:53,380 --> 00:22:55,240
- Ah, yes. Rpac, the largest,

572
00:22:55,240 --> 00:22:59,200
most bipartisan political action
committee has currently at

573
00:22:59,200 --> 00:23:00,220
90%

574
00:23:00,220 --> 00:23:03,580
of our annual national goal heading
into the final month of the year.

575
00:23:03,580 --> 00:23:08,440
So we'll have a very strong
closeout this December

576
00:23:08,440 --> 00:23:11,650
in a pretty unsettling housing
market with the rising cost

577
00:23:11,650 --> 00:23:14,620
of living, broader economic
pressure, severe lack

578
00:23:14,620 --> 00:23:18,550
of inventory, this type of
performance reflects a deep,

579
00:23:18,550 --> 00:23:20,860
long-term member commitment to rpac

580
00:23:20,860 --> 00:23:22,960
and our advocacy programs.

581
00:23:22,960 --> 00:23:24,640
So this is a perfect example

582
00:23:24,640 --> 00:23:26,710
of you can't build rpac
the day you need it.

583
00:23:26,710 --> 00:23:30,760
This has been decades of work
of making sure that RPAC is

584
00:23:30,760 --> 00:23:32,020
as successful as it is

585
00:23:32,020 --> 00:23:34,510
and think everybody who is roughly a third

586
00:23:34,510 --> 00:23:36,550
of our members are out
there donating to our PAC

587
00:23:36,550 --> 00:23:38,680
and $15 or more increments.

588
00:23:38,680 --> 00:23:41,175
- And our major investors
have stepped up, bigly

589
00:23:41,175 --> 00:23:43,450
- Bigly
- This as they always do.

590
00:23:43,450 --> 00:23:46,250
And here's a stat I love, 53%

591
00:23:46,250 --> 00:23:51,110
of our PAC dollars raised this
year came through FPC events.

592
00:23:51,110 --> 00:23:52,580
- Do those guys ever
stop? Do, do they weapons?

593
00:23:52,580 --> 00:23:54,470
These federal political secret
weapons coordinators are,

594
00:23:54,470 --> 00:23:57,530
yes, they're, they're doing
in President's Circle too,

595
00:23:57,530 --> 00:24:01,850
where we identify realtor
champions, bipartisan level

596
00:24:01,850 --> 00:24:03,530
and say, here's some folks who we would

597
00:24:03,530 --> 00:24:04,700
recommend that you donate to.

598
00:24:04,700 --> 00:24:08,180
We're at 133% of our national goal.

599
00:24:08,180 --> 00:24:10,490
So reflecting some strong
confidence from our top level

600
00:24:10,490 --> 00:24:13,340
investors and just increased
engagement with that

601
00:24:13,340 --> 00:24:16,370
- Program and our, our
fundraising goal, you know,

602
00:24:16,370 --> 00:24:17,390
you were talking about the percentage,

603
00:24:17,390 --> 00:24:19,640
but it's about about
45 and a half million.

604
00:24:19,640 --> 00:24:22,700
So tell me, Shannon, how does
that compare to other packs?

605
00:24:22,700 --> 00:24:25,280
- It does not. So there
are, that's one of my,

606
00:24:25,280 --> 00:24:27,800
my favorite activities when
talking to our counterparts

607
00:24:27,800 --> 00:24:29,000
and other organizations

608
00:24:29,000 --> 00:24:30,380
and they're like, how There is no way

609
00:24:30,380 --> 00:24:31,640
to compete with this pack.

610
00:24:31,640 --> 00:24:33,500
- Well, we have rpac super important,

611
00:24:33,500 --> 00:24:35,090
a third participation rate,

612
00:24:35,090 --> 00:24:37,160
which is nuts. I mean, when you have, when

613
00:24:37,160 --> 00:24:38,780
- You talk, no other organization
has anything like that. I

614
00:24:38,780 --> 00:24:40,040
- Mean, that's 500,000

615
00:24:40,040 --> 00:24:43,010
or so realtors who give
to this pack every year.

616
00:24:43,010 --> 00:24:45,560
But there's a new kid on
the block, another one

617
00:24:45,560 --> 00:24:48,890
of your brainchilds, the pro
property platform. So tell me,

618
00:24:48,890 --> 00:24:49,910
- This one took a village,

619
00:24:49,910 --> 00:24:52,640
but it is something that
we're, we're very excited about

620
00:24:52,640 --> 00:24:56,510
that the Pro property platform
officially launched back

621
00:24:56,510 --> 00:24:58,130
in August.

622
00:24:58,130 --> 00:25:01,070
This is the ability to give directly

623
00:25:01,070 --> 00:25:04,880
to more than 400 incumbent
federal representatives

624
00:25:04,880 --> 00:25:06,500
or senators through the platform.

625
00:25:06,500 --> 00:25:09,950
So most folks have heard
of Act Blue or Win Red.

626
00:25:09,950 --> 00:25:12,710
So you have a singular easy ability

627
00:25:12,710 --> 00:25:13,790
to just put your credit card

628
00:25:13,790 --> 00:25:15,620
information and give a donation.

629
00:25:15,620 --> 00:25:18,710
This one allows you to
do that with real estate

630
00:25:18,710 --> 00:25:20,180
as its number one goal

631
00:25:20,180 --> 00:25:22,040
and supporting private property rights.

632
00:25:22,040 --> 00:25:26,090
So the pro property platform
is, is structured to that.

633
00:25:26,090 --> 00:25:27,410
If you wanna give to rpac, great,

634
00:25:27,410 --> 00:25:29,930
but if you're also giving to
federal candidates, please do

635
00:25:29,930 --> 00:25:31,040
so through the platform.

636
00:25:31,040 --> 00:25:33,950
And then those donations
will also count towards

637
00:25:33,950 --> 00:25:35,120
your Hall of Fame status.

638
00:25:35,120 --> 00:25:36,860
- The whole key to the Pro
property platform is if our

639
00:25:36,860 --> 00:25:38,870
members are giving outside of rpac,

640
00:25:38,870 --> 00:25:40,040
they can give to this platform.

641
00:25:40,040 --> 00:25:42,650
And we still get the credit as a industry,

642
00:25:42,650 --> 00:25:45,350
- They understand that it's
coming from a bipartisan

643
00:25:45,350 --> 00:25:48,380
property rights organization
that's associated

644
00:25:48,380 --> 00:25:49,790
with all of our realtors.

645
00:25:49,790 --> 00:25:53,060
And it's a way to make sure
that those funds are still able,

646
00:25:53,060 --> 00:25:54,740
even in small dollar increments.

647
00:25:54,740 --> 00:25:57,530
President Circle is a
$500 minimum donation.

648
00:25:57,530 --> 00:25:59,180
There is not that type

649
00:25:59,180 --> 00:26:01,880
of restriction on the platform.
So please check it out.

650
00:26:01,880 --> 00:26:04,880
- Well, the ninth win of
advocacy NAR gave to me,

651
00:26:04,880 --> 00:26:08,660
community development grants,
building Better Communities.

652
00:26:08,660 --> 00:26:09,890
- Oh, that's a good one. I, I
- Know.

653
00:26:09,890 --> 00:26:11,270
Well this also brand new,

654
00:26:11,270 --> 00:26:13,190
and I might cut you off on this one

655
00:26:13,190 --> 00:26:15,260
because this was, you do
it actually a little bit

656
00:26:15,260 --> 00:26:16,340
of my brainchild because

657
00:26:16,340 --> 00:26:17,340
- This is yours.

658
00:26:17,340 --> 00:26:18,800
- Our, you know, we have
these community development

659
00:26:18,800 --> 00:26:21,860
outreach grants, which are amazing

660
00:26:21,860 --> 00:26:24,560
and these, they, they
support community engagement,

661
00:26:24,560 --> 00:26:27,260
fair housing, education
park project zoning reform,

662
00:26:27,260 --> 00:26:28,400
all those types of things.

663
00:26:28,400 --> 00:26:30,590
And these grant applications,

664
00:26:30,590 --> 00:26:34,370
4.4 million across 49
states in one territory.

665
00:26:34,370 --> 00:26:35,870
I'm not gonna name names,

666
00:26:35,870 --> 00:26:36,920
- Which state is not,

667
00:26:38,030 --> 00:26:41,450
- I won't name names, but 49
states in one territory have

668
00:26:41,450 --> 00:26:45,960
applied for these grants
and received them 697 grants

669
00:26:45,960 --> 00:26:47,550
and resources awarded.

670
00:26:47,550 --> 00:26:48,930
So we love this program

671
00:26:48,930 --> 00:26:52,170
and we're rebranding it to
community development grants

672
00:26:52,170 --> 00:26:54,120
because we think that better describes

673
00:26:54,120 --> 00:26:56,220
what they actually do instead
of community outreach,

674
00:26:56,220 --> 00:26:58,620
because these are make
a, a big difference.

675
00:26:58,620 --> 00:27:02,310
And they've, they're celebrating
a 25 year anniversary,

676
00:27:02,310 --> 00:27:03,990
so 25 years of these grants

677
00:27:03,990 --> 00:27:05,070
and they've grown over the years.

678
00:27:05,070 --> 00:27:06,540
So we're building this whole campaign out

679
00:27:06,540 --> 00:27:07,740
called Building Better Communities.

680
00:27:07,740 --> 00:27:09,540
So we'll look for, look for more of that.

681
00:27:09,540 --> 00:27:13,110
Well, the 10th win of advocacy
NAR gave to me consumers

682
00:27:13,110 --> 00:27:15,240
and a POA uniting

683
00:27:16,800 --> 00:27:17,800
- Oh yes, yes.

684
00:27:17,800 --> 00:27:20,070
Consumers. So American
Property Owners Alliance,

685
00:27:20,070 --> 00:27:22,530
the 5 0 1 C four that works with NAR

686
00:27:22,530 --> 00:27:25,320
to directly represent the collective voice

687
00:27:25,320 --> 00:27:28,770
of the real estate community
and consumers who own property

688
00:27:28,770 --> 00:27:30,210
or who would like to own property.

689
00:27:30,210 --> 00:27:34,650
So we had a great presentation
from executive director Colin

690
00:27:34,650 --> 00:27:37,560
Allen and his team at Houston at Next

691
00:27:37,560 --> 00:27:39,900
to talk about the efforts
they're doing around the country

692
00:27:39,900 --> 00:27:43,470
to engage with those who would
like to become homeowners

693
00:27:43,470 --> 00:27:45,780
and to help teach them
on financial education

694
00:27:45,780 --> 00:27:49,170
and the financial steps
they need to take in order

695
00:27:49,170 --> 00:27:50,730
to get to that position.

696
00:27:50,730 --> 00:27:54,840
So there are several different
programs that A POA works on,

697
00:27:54,840 --> 00:27:57,840
but then we also have our
consumer advocacy program,

698
00:27:57,840 --> 00:27:58,920
which provides funding

699
00:27:58,920 --> 00:28:01,980
and support to engage homeowners
on specific public policy

700
00:28:01,980 --> 00:28:04,230
issues the NAR is working on.

701
00:28:04,230 --> 00:28:07,560
So those are things like for
home ownership month in June,

702
00:28:07,560 --> 00:28:09,060
making sure that we're getting all

703
00:28:09,060 --> 00:28:10,500
of this information out on

704
00:28:10,500 --> 00:28:14,790
what is affecting consumers
day-to-day property action

705
00:28:14,790 --> 00:28:18,420
realtor, that's our
consumer advocacy website

706
00:28:18,420 --> 00:28:21,900
where we can engage with consumers
on home ownership issues,

707
00:28:21,900 --> 00:28:23,220
making sure that they're informed

708
00:28:23,220 --> 00:28:27,570
and that they can be advocates
for the largest, most taxed

709
00:28:27,570 --> 00:28:29,700
and regulated financial transaction

710
00:28:29,700 --> 00:28:31,290
that they are likely to make.

711
00:28:31,290 --> 00:28:33,030
So I'd encourage you to check that out.

712
00:28:33,030 --> 00:28:35,850
- Yeah. All right. Well, the
11th win of advocacy, Shannon,

713
00:28:35,850 --> 00:28:37,800
fighting for Fair housing.

714
00:28:37,800 --> 00:28:41,310
And you know, I will concede

715
00:28:41,310 --> 00:28:44,520
that this hasn't been the best
year for fair housing as far

716
00:28:44,520 --> 00:28:45,690
as funding goes.

717
00:28:45,690 --> 00:28:48,630
We know in this town, funding
ebbs and flows and comes

718
00:28:48,630 --> 00:28:50,820
and goes with different priorities.

719
00:28:50,820 --> 00:28:53,970
And, but with still a lot
of action in this space,

720
00:28:53,970 --> 00:28:55,440
especially from NAR

721
00:28:55,440 --> 00:28:56,640
because we're sort

722
00:28:56,640 --> 00:28:58,110
of fair housing enforcers on the

723
00:28:58,110 --> 00:28:59,790
ground all over the country.

724
00:28:59,790 --> 00:29:02,310
- Exactly. They, we are the
boots on the ground enforcing

725
00:29:02,310 --> 00:29:05,580
fair housing laws, and the
federal government has no greater

726
00:29:05,580 --> 00:29:07,290
partner in that enforcement

727
00:29:07,290 --> 00:29:11,400
and in encouraging fair
housing activities than NAR.

728
00:29:11,400 --> 00:29:14,430
So when the federal government
may not be giving the funding

729
00:29:14,430 --> 00:29:17,040
or the attention that we
would like, but we can step up

730
00:29:17,040 --> 00:29:18,420
and that's where we do in all

731
00:29:18,420 --> 00:29:21,000
of our partnerships and our activity.

732
00:29:21,000 --> 00:29:22,950
One example of this is our endorsement

733
00:29:22,950 --> 00:29:27,270
of the Uniform Partition
of Heirs Property Act.

734
00:29:27,270 --> 00:29:29,760
So there are seven additional states

735
00:29:29,760 --> 00:29:32,760
that have adopted this model
law that protects the property

736
00:29:32,760 --> 00:29:35,610
of those who inherit a
property without a will.

737
00:29:35,610 --> 00:29:38,370
These are often folks who are
disadvantaged property owners

738
00:29:38,370 --> 00:29:41,050
who may be at risk of
losing generational wealth

739
00:29:41,050 --> 00:29:44,560
because that title is
tangled up with other

740
00:29:45,430 --> 00:29:46,450
relatives or folks,

741
00:29:46,450 --> 00:29:50,260
or they may not have been
aware of what was in a will.

742
00:29:50,260 --> 00:29:53,560
So our realtor associations
have been very supportive

743
00:29:53,560 --> 00:29:55,630
of this in many states
throughout the country.

744
00:29:55,630 --> 00:29:59,020
And we rolled out some new
resources for members to talk

745
00:29:59,020 --> 00:30:01,510
to their clients about estate planning

746
00:30:01,510 --> 00:30:04,960
to help prevent the heirs property issue.

747
00:30:04,960 --> 00:30:07,240
We've also had some fantastic partnerships

748
00:30:07,240 --> 00:30:10,180
that we've either
continued or, or enhanced.

749
00:30:10,180 --> 00:30:13,450
And that includes the
MLK Memorial Foundation,

750
00:30:13,450 --> 00:30:16,660
the National Community
Reinvestment Coalition, of course,

751
00:30:16,660 --> 00:30:18,760
our friends at the National
Fair Housing Alliance

752
00:30:18,760 --> 00:30:21,160
who we work with day in and day out,

753
00:30:21,160 --> 00:30:23,800
and local fair housing
centers across the country,

754
00:30:24,640 --> 00:30:27,430
the DC Affordable law firm,
the Mississippi Center

755
00:30:27,430 --> 00:30:30,190
for Justice, all organizations that

756
00:30:30,190 --> 00:30:32,110
that we've been happy to
partner with this year.

757
00:30:32,110 --> 00:30:34,690
- Okay, well we're getting,
we're at the end now, Shannon.

758
00:30:34,690 --> 00:30:36,670
It's our 12th win of advocacy

759
00:30:36,670 --> 00:30:39,190
and NAR gave to me a strap plan

760
00:30:39,190 --> 00:30:40,810
for those not weak in the knees.

761
00:30:40,810 --> 00:30:43,900
- Oh, yes. So one of the other
big things to come out of,

762
00:30:43,900 --> 00:30:45,610
- And I, and, and not to cut you off,

763
00:30:45,610 --> 00:30:48,760
but I intend this to be a
tease for the next episode

764
00:30:48,760 --> 00:30:50,770
because we'll start 2025

765
00:30:50,770 --> 00:30:53,590
and talking fresh about
our new strap plan and ha

766
00:30:53,590 --> 00:30:54,850
and the advocacy part of it.

767
00:30:54,850 --> 00:30:56,125
But I just kind of wanted to tease

768
00:30:56,125 --> 00:30:58,540
- The advocacy part is,
is strong to quite strong.

769
00:30:58,540 --> 00:31:00,340
We are very excited to share this with you

770
00:31:00,340 --> 00:31:04,240
and our fearless CEO Nikia
Wright did a phenomenal job in

771
00:31:04,240 --> 00:31:07,480
Houston at Next and walking
through the strategic plan

772
00:31:07,480 --> 00:31:09,340
and preparing it for 2026.

773
00:31:09,340 --> 00:31:12,100
So yes, let's, let's
make that the big topic

774
00:31:12,100 --> 00:31:13,570
of conversation in January on

775
00:31:13,570 --> 00:31:15,315
how advocacy is going to implement this

776
00:31:15,315 --> 00:31:16,315
- Future.

777
00:31:16,315 --> 00:31:18,430
And Lawrence has some
fresh forecasts for 2026

778
00:31:18,430 --> 00:31:20,650
and looking a lot better than 25.

779
00:31:20,650 --> 00:31:21,880
So that'll be a great episode.

780
00:31:21,880 --> 00:31:23,590
Well, it's closing time

781
00:31:24,670 --> 00:31:29,650
and we had a really big day
yesterday, at least yesterday

782
00:31:29,650 --> 00:31:31,060
as we're recording this podcast,

783
00:31:31,060 --> 00:31:33,250
but Mr. Sears went to Washington.

784
00:31:33,250 --> 00:31:35,110
- Oh, it was a phenomenal day.

785
00:31:35,110 --> 00:31:38,530
So we had our immediate
past president, Kevin Sears,

786
00:31:38,530 --> 00:31:42,010
attend a full committee
congressional hearing on removing

787
00:31:42,010 --> 00:31:43,900
barriers to housing development.

788
00:31:43,900 --> 00:31:46,450
I was a longtime staff
director at that committee,

789
00:31:46,450 --> 00:31:48,910
the House Financial Services
Committee, so helped renovate

790
00:31:48,910 --> 00:31:51,040
that hearing room,
spent many more hours in

791
00:31:51,040 --> 00:31:52,270
there than I would care to admit.

792
00:31:52,270 --> 00:31:53,590
And I have never seen that kind

793
00:31:53,590 --> 00:31:56,380
of bipartisan energy and excitement.

794
00:31:56,380 --> 00:31:58,480
There were 40 different pieces

795
00:31:58,480 --> 00:32:01,180
of legislation mentioned in this hearing,

796
00:32:01,180 --> 00:32:03,160
and I think Kevin was the one

797
00:32:03,160 --> 00:32:05,320
who got the question on
every single one of them.

798
00:32:05,320 --> 00:32:08,590
It was like Mr. Sears, Mr.
Sears, Mr. Sears, very friendly

799
00:32:08,590 --> 00:32:09,790
of questions,

800
00:32:09,790 --> 00:32:12,550
but everyone wanted to
know what is the position

801
00:32:12,550 --> 00:32:14,140
of the National Association of Realtors.

802
00:32:14,140 --> 00:32:16,360
And Kevin handled it
absolutely beautifully.

803
00:32:16,360 --> 00:32:17,560
Please check out our socials.

804
00:32:17,560 --> 00:32:18,970
You'll see his opening statement,

805
00:32:18,970 --> 00:32:21,850
you'll see his interview on
Fox News where he discussed

806
00:32:21,850 --> 00:32:24,310
that inventory being
the number one barrier

807
00:32:24,310 --> 00:32:28,360
and why more homes on the
market are the capital gains

808
00:32:28,360 --> 00:32:31,690
exemption bill that would double
the exemption so that more

809
00:32:31,690 --> 00:32:34,420
current homes could be sold
without paying a tax penalty.

810
00:32:35,320 --> 00:32:36,940
- He, he, he slipped that
in beautifully. Well,

811
00:32:36,940 --> 00:32:40,370
- Not as beautifully as he
slipped in his previous job

812
00:32:40,370 --> 00:32:43,370
that prepared him for this
congressional testimony

813
00:32:43,370 --> 00:32:45,200
where he talked about
lighting himself on fire

814
00:32:45,200 --> 00:32:46,700
and jumping off of a high dive into a

815
00:32:46,700 --> 00:32:49,010
pool at an amusement park.

816
00:32:49,010 --> 00:32:52,400
Yes. That is why Kevin Sears
was so prepared to be president

817
00:32:52,400 --> 00:32:56,030
for two years and to testify
for five hours in front of,

818
00:32:56,930 --> 00:33:00,740
I think 80% of the committee
showed up to ask questions.

819
00:33:00,740 --> 00:33:03,110
And that is, you don't get
that for the Fed chair.

820
00:33:03,110 --> 00:33:04,505
- No, I was, I mean,
- Was very popular

821
00:33:04,505 --> 00:33:07,310
- Was I was gonna, I was
gonna say, you know, for folks

822
00:33:07,310 --> 00:33:10,010
that listening, you know,
as you know, Shannon

823
00:33:10,010 --> 00:33:12,170
and I both worked on the hill
and you know, Shannon was

824
00:33:13,160 --> 00:33:16,825
a lot bigger deal than I was,
but many leather bound books.

825
00:33:16,825 --> 00:33:18,710
But you know, with these
hearings, they're not, they're,

826
00:33:18,710 --> 00:33:22,100
they're not all there
at the same time sitting

827
00:33:22,100 --> 00:33:23,450
there through the entire hearing.

828
00:33:23,450 --> 00:33:25,160
They're coming and going.
Sometimes they have multiple

829
00:33:25,160 --> 00:33:26,810
hearings going on at once,
so they're running to the,

830
00:33:26,810 --> 00:33:28,430
to a committee, another committee

831
00:33:28,430 --> 00:33:29,840
that they're on or or whatnot.

832
00:33:29,840 --> 00:33:34,580
But Kevin was so popular
that every time they thought,

833
00:33:34,580 --> 00:33:37,640
okay, we're done, somebody
would run in the door

834
00:33:37,640 --> 00:33:40,760
and be like, no, I, this guy I I got now I

835
00:33:40,760 --> 00:33:41,840
have some questions for him.

836
00:33:41,840 --> 00:33:43,850
Everyone kept and, and
they just kept coming

837
00:33:43,850 --> 00:33:45,620
and it's five hours.

838
00:33:45,620 --> 00:33:47,660
- They didn't even take a
bathroom break until two 15.

839
00:33:47,660 --> 00:33:49,820
It started at 10. And so, you know,

840
00:33:49,820 --> 00:33:51,860
stomachs are growling,
everyone's ready to go.

841
00:33:51,860 --> 00:33:53,270
And people kept coming in

842
00:33:53,270 --> 00:33:55,880
and asking Kevin really smart questions.

843
00:33:55,880 --> 00:33:57,440
And it was, it was a

844
00:33:57,440 --> 00:33:59,030
fantastic day. We're really proud of him.

845
00:33:59,030 --> 00:34:01,730
- And it's not just that, but
it's the first Russ Bolt told

846
00:34:01,730 --> 00:34:05,480
me this this morning, it
was the first full committee

847
00:34:05,480 --> 00:34:09,170
hearing on housing in financial
services in five years.

848
00:34:09,170 --> 00:34:11,630
- Well, since I, no, it was
actually since 2018 when I was

849
00:34:11,630 --> 00:34:13,340
staff director, but that's okay.

850
00:34:13,340 --> 00:34:16,280
But it's the first one that had that level

851
00:34:16,280 --> 00:34:17,780
of housing policy expertise.

852
00:34:17,780 --> 00:34:20,090
Some of the others were
kind of touching on housing.

853
00:34:20,090 --> 00:34:24,410
But this one, this was
a, a very serious sign

854
00:34:24,410 --> 00:34:25,850
that Congress is ready to act

855
00:34:25,850 --> 00:34:27,440
and they will in a bipartisan fashion,

856
00:34:27,440 --> 00:34:31,010
- Affordability is the word
of the, is gonna be the word

857
00:34:31,010 --> 00:34:32,090
of 2026.

858
00:34:32,090 --> 00:34:33,290
I really, I really think so.

859
00:34:33,290 --> 00:34:35,660
We're, we've never seen
momentum like this on,

860
00:34:35,660 --> 00:34:38,030
on our push for more supply. So

861
00:34:38,030 --> 00:34:39,410
- Well figure out a bunch
of things that rhyme

862
00:34:39,410 --> 00:34:42,050
with affordability and we'll
be prepared for next year. Oh,

863
00:34:42,050 --> 00:34:43,050
- No pressure.

864
00:34:43,050 --> 00:34:44,420
Well, what a great way to end the year

865
00:34:44,420 --> 00:34:45,890
and what a great way to end this episode.

866
00:34:45,890 --> 00:34:48,560
So we will see you back here in 2026.

867
00:34:48,560 --> 00:34:50,060
Well, we'll be talking strap plan

868
00:34:50,060 --> 00:34:51,860
and all the great things
ahead of us next year

869
00:34:51,860 --> 00:34:55,250
and we really appreciate
everyone for listening

870
00:34:55,250 --> 00:34:58,250
and showing up at our
NS events when we do the

871
00:34:58,250 --> 00:34:59,780
live episodes.

872
00:34:59,780 --> 00:35:01,820
It's, it's just been a great ride.

873
00:35:01,820 --> 00:35:03,140
- Thanks for listening. We appreciate

874
00:35:03,140 --> 00:35:05,150
you and Happy New Year.
We'll see you next year.

875
00:35:05,150 --> 00:35:06,170
- So that's the scoop.

876
00:35:06,170 --> 00:35:08,720
Thank you to everyone
listening to this podcast.

877
00:35:08,720 --> 00:35:09,920
Please be sure to subscribe

878
00:35:09,920 --> 00:35:12,200
and share wherever you get your podcast.

879
00:35:12,200 --> 00:35:14,930
And meet us right back here
for more advocacy scoop

880
00:35:14,930 --> 00:35:16,670
- Next time.

881
00:35:16,670 --> 00:35:19,850
Realtors are members of
the National Association

882
00:35:19,850 --> 00:35:20,690
of Realtors.