Live! from President's Circle in Orlando

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- Welcome to a very special edition

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of the advocacy Scoop
podcast, where we are pleased

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to be coming live from Orlando.

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- We do want to talk a little
bit about President Circle,

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and I know everyone here knows
what the program's all about,

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but we have some listeners
that might not know about it

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and might want to get
on the track to join.

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So tell, tell us a little
bit about, about PC

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and some of the latest stats.

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- Sure. Well, first off,
I do wanna mention that

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with very kind introductions from the,

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the voice of God here.

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But Patrick Newton has
had a promotion recently

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and just yesterday was announced
as our new Vice President

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of Advocacy, communications and outreach.

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So a round of applause for Patrick.

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Patrick also is the one who
makes me do this podcast,

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which shows why he is the right guy

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to be running our communications
and all of our outreach.

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So congratulations there. Alright,

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- So tell us, we're,

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we're at about 1600
people in PC this year.

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- 1600? Yeah. All right.

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Well, I know because we
ran out of chairs earlier,

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so apologies for those of
you who were looking for it.

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So we had around 1100 members
as the goal for the year,

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but last year we hit 140% of that goal.

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So hopefully we'll be able to top that.

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But because I don't do math,
Patrick did this math for me,

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out of the 530,000 RPAC investors, so

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that's roughly the population
of Atlanta, 530,000.

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We have 1600 members currently.

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So you all aren't the 1%,
but you're the 3% of the

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- 0.3%
- Point three.

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Yeah. Yeah. 0.3%. Sorry.

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You are the 0.3 percenters
of, of who we have

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as our investors and what
you do with this program

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and what you do with those contributions

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that you are making directly

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to a bipartisan slate of candidates.

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As we heard from the videos,

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as we heard from the two
members who were here yesterday,

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they come up to the advocacy team

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and say like, Hey, how do I get on

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that President's Cup Golden Circle thing?

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You know? And they, they,

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they talk about it back in
dc It has become a program

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that other organizations, they
don't even try to replicate

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because it's, it's so
difficult for them to do

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- That.

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Yeah. Thank you for being here.

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And we, we had some awesome
PC speakers here in person

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yesterday, of course, Luke Reya

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and Katie Britt to, to New faves of ours.

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- Senator Britt has been like texting me.

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Oh my gosh, that was absolutely amazing.

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Thank you for thinking of it.

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I know Congressman Correa,
when they come out here

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and actually see this program,

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it just makes a huge difference

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and we're striving to do more.

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One of the things that President
Circle program over the

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last couple of years
since the pandemic, is

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that we've actually been
going out to the states

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and having in-person
events in their district,

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in their state with all of you, so

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that we can help them get
those numbers, get to goal,

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and then have that face-to-face contact.

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- Well, well, president Circle
talk, we do want to get,

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so last year on the podcast
we did a lot of primers,

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so we kind of wanted,
went through each part

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of n NA's advocacy operation and,

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and sort of explained it to, so

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that our members can know all the things

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that Shannon's magical kingdom.

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See, I got another Disney joke
in your, your Magical Kingdom

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and advocacy does, because
there's, there's just so much.

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This year we're trying to focus a

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little bit more on current events.

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So when we do wanna talk
about what's been going on in

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Washington, especially the last 30 days,

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but let's just check in on
like our federal priorities,

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because we do have, we do, we've sort

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of refreshed those recently.

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- So we're talking about tomorrow
land or fantasy land here.

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Which one is it? So, so

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as you all are aware,
as advocacy pros here,

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we have our legislative initiatives

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that we push out every year.

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And congratulations to Patrick

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and his team for last month,

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putting together our
first ever advocacy week

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that combined our realtor
party training conference,

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our public policy coordinating
committee, FPC training.

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Do we have any FPCs in the house? Woo.

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Federal political coordinators.

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And if you don't know that, I don't,

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I'm, I'm impressed you're here.

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But for our FPC training

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and also our policy summit,
which ended the week,

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we had about 900 folks in
DC and the reviews are back.

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I think you got a, I think
you got five stars, Patrick.

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- Yeah, well, you know, it's,

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it's like everybody left the conference.

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I was like, five stars. Five stars,

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- Five stars,
- Like when I get out of my Uber.

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But yeah, it was, it was like four

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and a half out of five was the, was the,

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- Which is the highest that
we've had for any of these types

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of events, including the, the

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realtor party training conference.

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And so during that event,
we unveiled our, another one

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of your, your passion
projects fly in.realtor,

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where we include all

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of our legislative priorities
going into the year.

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So FPCs met with their
members of Congress.

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We have had these meetings
ongoing with the advocacy team.

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Last year we had 5,000 different meetings

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or contacts, but between
our advocacy team and FPCs

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and folks around the country,

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and we are hitting the
ground running this year,

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we've already met with all 72

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of the brand new members of Congress.

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We've already had meetings
with the transition team

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for the White House, for hud,

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for FHFA and others.

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So these are all important
things that we're doing.

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But the, the key is
what are those policies

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that we are fighting for

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with these connections that we have?

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And so the first one

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that you heard from
our speakers yesterday,

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and you're all aware of
the expiring provisions

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of the Tax Cut and Jobs Act,

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I worked at the Treasury department

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and that's, you know, that
was seemed like forever ago.

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And now we're right back into it.

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And these are the key
provisions that we're going

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to make sure either don't expire

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or that are changed as we move forward.

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So that includes Inc asking for provisions

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that would impact housing
supply and bring down costs.

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We know that there are likely

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to be multiple bites at the
Apple with the tax bill,

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the ones that they have to keep,

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and then the ones that
they strive to add onto it.

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But we have things like the
more homes on the Market act

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that would decrease the capital
gains penalty that you have

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for selling investment property.

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And that would incentivize
more folks to sell homes

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and potentially get more owner
occupants into those homes.

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We have the supporting
the revitalizing downtowns

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and Main Streets Act that I spoke

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with Senator Britt about yesterday.

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That's the commercial conversion.

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Converting them into residential units

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and having tax credits
to spur that growth,

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that Neighborhood Homes Investment Act

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that we have long supported

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and has long had bipartisan support,

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but just needs that little
bit extra effort in the Senate

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to get it through the committee.

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And then they support,

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we also support the Yes in
My Backyard, the YIMBY Act,

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which had near unanimous
support in the House

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of Representatives last year,

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but still hasn't gotten
over that finish line.

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So these are the asks that
we have when we're meeting

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with members of Congress to
support these bills, to serve

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as co-sponsors and to push

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that they actually move
through the legislative

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- Process.

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Well, speaking of meeting
with members of Congress,

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and you just said this a second
ago, last year, 5,000 plus

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meetings with members of Congress

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and their staff between the
lobby team and our FPCs.

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We were doing the math
on that, it's like 14 a

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day on average.

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I mean, there's no other organization

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period that can pull that

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- For just 14 meetings a
day. Yeah, right. Two can

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- Have.

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Well, and stellar, you know,
we, we, we broke that up

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as well because your
advocacy dues, what was it,

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like $6 a month?

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- About $70 a year

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that goes specifically
from NAR dues into the

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advocacy efforts.

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And I don't, I have the back
of the envelope map, I think

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that was about 17, like six a
month cents a day or something

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- For
- All these advocacy efforts. Drop

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- $6 a month and, and all of her efforts.

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And, and speaking of all
those meetings, like one

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of the things that came out of
those meetings last year was

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the real estate caucus and caucuses.

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You know, we both worked
in the, in the house

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as congressional staff and,
and there's lots of caucuses

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and you know, it's
different than a committee.

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You have to register a caucus,
it has to be bipartisan.

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They have to, you know, it has
to be a group of, you know,

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people, members of the house

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who have like a common mission or goal.

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And so we've been working

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to get this real estate
caucus introduced for a couple

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of years, and last year we did it.

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And now it's

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- Exactly, so during the
legislative meetings last year in

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May, we worked with members of Congress

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to unveil the introduction
of the Real Estate Caucus

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that started with four
members, two Republicans,

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two Democrats, including
Congressman Correa,

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who you met yesterday.

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And it is expanded, it did expand

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to 52 at the end of last year.

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And we just had three more members join.

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So we're at 55 members of
the Real Estate Caucus now.

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But what's important is not
just the why it was created,

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which is to ensure that even
if you're not on a committee

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that is directly handling
real estate issues,

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that's primarily the House
Financial Services Committee

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where I used to work or the
Senate Banking Committee

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or the Tax Writing Committees.

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But there could be folks
on other committees

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who have a background
in real estate and they,

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or a passion in real estate
and they want to hear more.

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And they're looking for
information like the great research

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that Dr. Lawrence Yoon
and his team put together.

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So it's not just that's the
why and that's the when or

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or the, the who belongs to it.

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But the, when this was developed
in spring of last year,

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maybe some conversations at a
tiki bar, ask Ryan Rusal about

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that later at the hotel bar.

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But it was developed over the spring

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and then it was launched

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during the legislative meetings in May.

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During that time, we had a
massive class action settlement.

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We were in the news

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and there were, are, there were other

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factors that were involved.

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And we found that these
members of Congress said,

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let's get this done.

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Now we understand there's
misinformation out there about the

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industry and we understand that,

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that we have these relationships

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and that we can go out there

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and help to better explain
this to our colleagues.

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So the fact that that came
out in May of last year,

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I think is very significant.

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- Well, let's, let's move on now.

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'cause we we're about 30 days plus

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into the new administration.

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It, it feels a little bit like 30 years

253
00:10:16,560 --> 00:10:19,110
and a lot has happened
in the last 30 days.

254
00:10:19,110 --> 00:10:24,000
There's been a lot of new secretaries

255
00:10:24,000 --> 00:10:26,130
and, and, and directors
and things of agencies.

256
00:10:26,130 --> 00:10:27,960
And so let's sort of popcorn through these

257
00:10:27,960 --> 00:10:31,110
'cause we're, you know, don't
want to go too long on this,

258
00:10:31,110 --> 00:10:33,390
but we've issued a lot
of letterers of support

259
00:10:33,390 --> 00:10:34,800
and for some of these, these folks.

260
00:10:34,800 --> 00:10:37,320
So tell us about the, the
new HU secretary first.

261
00:10:37,320 --> 00:10:40,260
- Sure, sure. So this is
a, a, a season two of the,

262
00:10:40,260 --> 00:10:41,370
the Trump administration.

263
00:10:41,370 --> 00:10:43,470
And so we have a lot of references

264
00:10:43,470 --> 00:10:46,230
and relationships from, from season one.

265
00:10:46,230 --> 00:10:48,870
And one of those is Scott
Turner, who was confirmed

266
00:10:48,870 --> 00:10:50,550
as a new HUD secretary.

267
00:10:50,550 --> 00:10:53,760
He did work in the White House
previously on the opportunity

268
00:10:53,760 --> 00:10:56,970
zones initiatives and
wealth building areas.

269
00:10:56,970 --> 00:10:59,280
And so we have great
relationships through many

270
00:10:59,280 --> 00:11:00,660
of our, our former colleagues.

271
00:11:00,660 --> 00:11:04,260
And then he went on to
become a legislator in Texas,

272
00:11:04,260 --> 00:11:06,645
and he Texans here who Oh,

273
00:11:09,090 --> 00:11:12,870
oh, that's kind of like a
plurality of the, so, so, okay.

274
00:11:12,870 --> 00:11:15,450
So heard from our, our, our folks in Texas

275
00:11:15,450 --> 00:11:16,980
that they had a great relationship with

276
00:11:18,300 --> 00:11:19,380
Scott Turner back there.

277
00:11:19,380 --> 00:11:22,110
So we did a letter to support him.

278
00:11:22,110 --> 00:11:24,420
And so he has come out

279
00:11:24,420 --> 00:11:27,360
with some pretty significant
cuts in the budget

280
00:11:27,360 --> 00:11:28,710
and this is happening across the board

281
00:11:28,710 --> 00:11:29,730
and I know we'll, we'll we'll get

282
00:11:29,730 --> 00:11:31,170
to all of those issues too.

283
00:11:31,170 --> 00:11:35,400
And so we have had some
communications with HUD officials

284
00:11:35,400 --> 00:11:37,800
and others saying, these
are our priorities.

285
00:11:37,800 --> 00:11:40,710
We want to make sure that
Fair Housing is being enforced

286
00:11:40,710 --> 00:11:44,040
and it's being enforced
with in a way that is

287
00:11:45,660 --> 00:11:47,640
not going to be diminished
because of these cuts.

288
00:11:47,640 --> 00:11:52,140
And that the staff who we
work with at the, at FHA and

289
00:11:52,140 --> 00:11:54,310
and others, that this isn't
going to impact the ability

290
00:11:54,310 --> 00:11:56,350
of people to, to buy and sell homes.

291
00:11:56,350 --> 00:11:57,670
And so they have been hearing

292
00:11:57,670 --> 00:12:00,850
that we are tracking these
staff cuts very closely

293
00:12:00,850 --> 00:12:03,100
to monitor the impact
that it will have on any

294
00:12:03,100 --> 00:12:06,460
of the public policy or, or
the programs that we work with.

295
00:12:06,460 --> 00:12:08,770
So we, I had the opportunity to meet

296
00:12:08,770 --> 00:12:11,440
with Mr. Turner about a month or so ago.

297
00:12:11,440 --> 00:12:13,180
And so he has, he's very excited

298
00:12:13,180 --> 00:12:14,950
to develop this relationship as well.

299
00:12:14,950 --> 00:12:18,100
- Nice. Let's check in an
FHFA, this is an important one

300
00:12:18,100 --> 00:12:20,740
'cause Fannie and Freddie Regulator,

301
00:12:20,740 --> 00:12:21,740
- Fannie and Freddie Regulat.

302
00:12:21,740 --> 00:12:25,090
So I did meet with, so
Bill Pulte is the nominee

303
00:12:25,090 --> 00:12:26,830
and he's going through
that confirmation process

304
00:12:26,830 --> 00:12:28,930
and I did meet with him while
we were in line together

305
00:12:28,930 --> 00:12:32,440
for about three hours
in at an inaugural ball.

306
00:12:32,440 --> 00:12:33,610
Oh. It was quite the show.

307
00:12:33,610 --> 00:12:36,760
We, people were waiting in
line in the freezing cold full

308
00:12:36,760 --> 00:12:40,990
black tie strappy shoes and it
was like 12 degrees outside.

309
00:12:40,990 --> 00:12:43,840
So anybody who went to the
inauguration and got Yep.

310
00:12:43,840 --> 00:12:46,540
Did you make it in? Made it in. Okay.

311
00:12:46,540 --> 00:12:47,890
I know many people who didn't,

312
00:12:47,890 --> 00:12:50,080
but I did get an opportunity to hang out

313
00:12:50,080 --> 00:12:51,280
with Bill Pulte there.

314
00:12:51,280 --> 00:12:54,460
And so he comes from a real
estate development background.

315
00:12:54,460 --> 00:12:58,480
I had worked on economic
revitalization in Detroit.

316
00:12:58,480 --> 00:13:01,360
We have great relationships with the staff

317
00:13:01,360 --> 00:13:02,620
and his transition team.

318
00:13:02,620 --> 00:13:06,190
And so we have put together
a letter of support for him.

319
00:13:06,190 --> 00:13:07,390
And one of the key areas,

320
00:13:07,390 --> 00:13:09,460
and I I think Lawrence
hit on this earlier,

321
00:13:09,460 --> 00:13:13,570
is if there is a change in how Fannie

322
00:13:13,570 --> 00:13:16,990
and Freddie the, to the larger
GSEs are handled, you know,

323
00:13:16,990 --> 00:13:20,050
they've been in conservatorship
since the financial crisis.

324
00:13:20,050 --> 00:13:22,660
But our, our concern is
that if we are doing this,

325
00:13:22,660 --> 00:13:24,310
that we have our eyes wide open on

326
00:13:24,310 --> 00:13:26,080
what are those market implications

327
00:13:26,080 --> 00:13:29,410
and that the number one priority
is that there is no change

328
00:13:29,410 --> 00:13:31,090
to the 30 year fixed rate mortgage

329
00:13:31,090 --> 00:13:34,210
that has guaranteed more
people having access to a home

330
00:13:34,210 --> 00:13:36,460
and having access to
equity than anything else

331
00:13:36,460 --> 00:13:38,410
that's happened in our
housing finance system.

332
00:13:41,560 --> 00:13:44,110
- Alright. Secretary of Labor,

333
00:13:44,110 --> 00:13:45,700
we have a good relationship here.

334
00:13:45,700 --> 00:13:47,410
- Fantastic relationship.

335
00:13:47,410 --> 00:13:50,470
So this Lori Chavez Reamer,
who is a former member

336
00:13:50,470 --> 00:13:52,450
of Congress from the
great state of Oregon.

337
00:13:52,450 --> 00:13:55,930
Any Oregonians here, Jenny got
your folks here. Fantastic.

338
00:13:55,930 --> 00:13:57,460
We have a fantastic relationship

339
00:13:57,460 --> 00:13:59,710
with the former
congresswoman in her office.

340
00:13:59,710 --> 00:14:00,790
And so she called me up

341
00:14:00,790 --> 00:14:02,920
and said, Hey, I'm having a meeting

342
00:14:02,920 --> 00:14:05,110
with President-elect Trump

343
00:14:05,110 --> 00:14:07,960
and I would like to be able
to say that if nominated

344
00:14:07,960 --> 00:14:09,580
for the Department of
Labor, that I'll have the

345
00:14:09,580 --> 00:14:11,050
support of the realtors.

346
00:14:11,050 --> 00:14:13,600
And I said, well, I don't know
who else could be nominated.

347
00:14:13,600 --> 00:14:14,950
You know, we could have somebody here,

348
00:14:14,950 --> 00:14:17,110
but yes, if you are the one
who is nominated, we have

349
00:14:17,110 --> 00:14:19,660
that fantastic relationship
that you will have the support

350
00:14:19,660 --> 00:14:21,670
of your National Association of Realtors.

351
00:14:21,670 --> 00:14:23,680
Chavez Dreamer is very well respected

352
00:14:23,680 --> 00:14:24,850
in the labor community.

353
00:14:24,850 --> 00:14:26,320
Her dad is a teamster.

354
00:14:26,320 --> 00:14:28,540
She had the support of the
teamsters, met her dad.

355
00:14:28,540 --> 00:14:31,900
He's fantastic. So we have
to look at the whole of what

356
00:14:31,900 --> 00:14:33,250
that person is standing for

357
00:14:33,250 --> 00:14:36,010
and that she has fully supported n ar

358
00:14:36,010 --> 00:14:37,960
and our ability to maintain

359
00:14:37,960 --> 00:14:39,340
that independent contractor status.

360
00:14:39,340 --> 00:14:40,480
And we're very excited to work with

361
00:14:40,480 --> 00:14:41,680
her as this moves forward.

362
00:14:41,680 --> 00:14:42,760
We actually think she might get some

363
00:14:42,760 --> 00:14:44,260
more democratic support.

364
00:14:44,260 --> 00:14:47,500
- Oh, nice. You're do you,
do you ever get one of those

365
00:14:47,500 --> 00:14:49,300
popups on your, on your
phone that tells you

366
00:14:49,300 --> 00:14:50,320
how much screen time?

367
00:14:51,260 --> 00:14:53,945
- Oh, are, are we sharing
screen time right now, Patrick?

368
00:14:53,945 --> 00:14:55,490
- No, I just wanted, like,
she, you run this whole

369
00:14:55,490 --> 00:14:56,540
place off of your phone.

370
00:14:56,540 --> 00:14:58,490
It's, it is like, it's just blowing up all

371
00:14:58,490 --> 00:15:00,350
the time with people and it,

372
00:15:00,350 --> 00:15:02,360
- It's about 20 hours a day of screen time

373
00:15:02,360 --> 00:15:03,740
that I, I have on my phone.

374
00:15:04,760 --> 00:15:06,320
- So quickly.

375
00:15:06,320 --> 00:15:10,310
Let's just CFPB, we did a
letter of support there, right?

376
00:15:10,310 --> 00:15:12,560
- Letter of support there.
We've had a long relationship

377
00:15:12,560 --> 00:15:16,520
with Jonathan McKernan
from, from his staff days,

378
00:15:16,520 --> 00:15:18,080
and he's at the FDIC right now.

379
00:15:18,080 --> 00:15:19,280
And this is one of those areas

380
00:15:19,280 --> 00:15:22,850
where the CFPB has an
interim director right now

381
00:15:22,850 --> 00:15:25,280
who I've known and worked
with for many, many years.

382
00:15:25,280 --> 00:15:28,460
And we had an issue come up as
soon as there was a directive

383
00:15:28,460 --> 00:15:29,870
that went out for CFPB

384
00:15:29,870 --> 00:15:32,780
to basically a stop work
order while we're waiting

385
00:15:32,780 --> 00:15:35,690
for somebody to come in to just pens down.

386
00:15:35,690 --> 00:15:38,030
This one was more extreme
than what we've heard before,

387
00:15:38,030 --> 00:15:42,050
but it's not atypical when an
administration changes from

388
00:15:42,050 --> 00:15:43,310
one president to the other

389
00:15:43,310 --> 00:15:46,550
and they're waiting for a
cabinet official to come in

390
00:15:46,550 --> 00:15:50,330
for folks to say anything
that you're working on, slow,

391
00:15:50,330 --> 00:15:52,640
slow it down and let's wait
until we have somebody in here

392
00:15:52,640 --> 00:15:55,370
to help maybe redirect it or end it.

393
00:15:55,370 --> 00:15:58,520
Or oftentimes what they wanna
do is just make some changes

394
00:15:58,520 --> 00:15:59,870
and then take full credit for it.

395
00:15:59,870 --> 00:16:01,550
So we're used to that.

396
00:16:01,550 --> 00:16:02,780
And so one issue that came up is

397
00:16:02,780 --> 00:16:05,650
that if they do this stop
work order, that there's a,

398
00:16:05,650 --> 00:16:09,965
a program called a POR, AP OR that is a,

399
00:16:09,965 --> 00:16:12,710
a report that comes out on a weekly

400
00:16:12,710 --> 00:16:14,120
basis, I think twice a week.

401
00:16:14,120 --> 00:16:17,030
And there was a chance that
that would not come out.

402
00:16:17,030 --> 00:16:19,880
And so all the trade
associations are drafting these

403
00:16:19,880 --> 00:16:20,990
strongly worded letters

404
00:16:20,990 --> 00:16:23,180
and saying, you know, this
is why, you know, we have

405
00:16:23,180 --> 00:16:24,200
to, we have to change this.

406
00:16:24,200 --> 00:16:27,170
And said, we can do that,
that it, that's needed.

407
00:16:27,170 --> 00:16:29,210
If we think that this is
that severe of an issue,

408
00:16:29,210 --> 00:16:31,880
however, we can also make
a couple phone calls.

409
00:16:31,880 --> 00:16:34,430
And we made a couple phone
calls and that report went out.

410
00:16:34,430 --> 00:16:38,060
They realized that that was
needed for, for folks to be able

411
00:16:38,060 --> 00:16:39,410
to access their mortgage

412
00:16:39,410 --> 00:16:40,670
and to be able to close on their homes.

413
00:16:40,670 --> 00:16:43,790
So when you actually get into
the, to the policy makers

414
00:16:43,790 --> 00:16:45,620
and you explain the consequences,

415
00:16:45,620 --> 00:16:49,010
and you do so in a way that
is respecting that they are,

416
00:16:49,010 --> 00:16:50,510
they have their own process and things,

417
00:16:50,510 --> 00:16:51,920
typically those things can happen very

418
00:16:51,920 --> 00:16:53,330
quickly. And we've seen that so far

419
00:16:53,330 --> 00:16:57,260
- And I, you know, that's,
that's where you're so great and,

420
00:16:57,260 --> 00:16:59,060
and our advocacy operation is so great

421
00:16:59,060 --> 00:17:02,300
because we don't just,
you know, fire off letters

422
00:17:02,300 --> 00:17:04,340
and statements, you
know, condemning things.

423
00:17:04,340 --> 00:17:06,380
It's like you are always
working the phones.

424
00:17:06,380 --> 00:17:08,300
I mean, I make a joke about
how much you're on the phone,

425
00:17:08,300 --> 00:17:10,490
but I mean, you're, you,
you pick up the phone,

426
00:17:10,490 --> 00:17:12,620
your phone every day and solve problems

427
00:17:12,620 --> 00:17:15,110
and get through to people
who are making the decisions.

428
00:17:15,110 --> 00:17:17,120
And that is what it's all about.

429
00:17:17,120 --> 00:17:20,480
It's so many other organizations
do, do not do that.

430
00:17:22,850 --> 00:17:23,870
- I think you all know a thing

431
00:17:23,870 --> 00:17:25,465
or two about picking up the phone and,

432
00:17:25,465 --> 00:17:26,750
and having those relationships.

433
00:17:26,750 --> 00:17:28,910
And then, and, and letters
are a very effective tool

434
00:17:28,910 --> 00:17:31,880
and we are the most
transparent organization.

435
00:17:31,880 --> 00:17:34,700
You can go on our advocacy
resources on the website

436
00:17:34,700 --> 00:17:37,760
and see every letter
that we have sent out,

437
00:17:37,760 --> 00:17:40,520
but oftentimes letters are
looked at as a press release.

438
00:17:40,520 --> 00:17:42,290
You're, you're, you're
pushing that information out

439
00:17:42,290 --> 00:17:45,470
to the public, but you're not
necessarily getting it done.

440
00:17:45,470 --> 00:17:47,540
What we've also really
increased is the use

441
00:17:47,540 --> 00:17:49,080
of our Washington reports.

442
00:17:49,080 --> 00:17:53,100
If you see that on our, on our
website, we will have weekly,

443
00:17:53,100 --> 00:17:55,170
if not near daily updates on

444
00:17:55,170 --> 00:17:57,180
what are these different
administration changes

445
00:17:57,180 --> 00:17:59,580
that are happening, how we're responding

446
00:17:59,580 --> 00:18:00,900
to it, are we monitoring it?

447
00:18:00,900 --> 00:18:03,780
Is this something that we
think we need immediate action?

448
00:18:03,780 --> 00:18:06,300
But as we have the beginning
days of this administration,

449
00:18:06,300 --> 00:18:09,480
we're making sure those
relationships are solidified

450
00:18:09,480 --> 00:18:11,250
and that those, that
communication's happening,

451
00:18:14,040 --> 00:18:16,110
- We're keeping an eye on the,
on the budget cuts and the,

452
00:18:16,110 --> 00:18:18,360
and the is it do, do, I
don't know. How do you say

453
00:18:18,360 --> 00:18:19,045
- It? I don't know how you say it either.

454
00:18:19,045 --> 00:18:20,700
- Yeah, I don't either. But we,

455
00:18:20,700 --> 00:18:22,860
we did put out a short
Washington report on that Yep.

456
00:18:22,860 --> 00:18:25,440
To address it. But you're
keeping an eye on, on all that

457
00:18:25,440 --> 00:18:26,760
and, and working with the agencies

458
00:18:26,760 --> 00:18:27,760
- And making calls.

459
00:18:27,760 --> 00:18:30,330
We made some phone calls
when the Office of Management

460
00:18:30,330 --> 00:18:34,890
and Budget said, we're going
to stop all federal funding.

461
00:18:34,890 --> 00:18:38,100
It was a kind of an oddly
worded memo that went out.

462
00:18:38,100 --> 00:18:40,230
I said, I don't think that
this is constitutional

463
00:18:40,230 --> 00:18:42,720
or this is accurate, but
let's see what the intent was.

464
00:18:42,720 --> 00:18:43,920
Again, made a couple phone calls.

465
00:18:43,920 --> 00:18:46,230
They revoked that memo,
did a clarification.

466
00:18:46,230 --> 00:18:48,240
None of our programs were
touched. All was good.

467
00:18:48,240 --> 00:18:49,740
- Alright, well we do want

468
00:18:49,740 --> 00:18:51,660
to spend some time on the tax reform bill

469
00:18:51,660 --> 00:18:52,890
because that's obviously one

470
00:18:52,890 --> 00:18:54,060
of the most consequential things.

471
00:18:54,060 --> 00:18:58,620
We'll, we'll have, we, you
know, we follow the news

472
00:18:58,620 --> 00:19:00,121
and politics and, and,

473
00:19:00,121 --> 00:19:02,250
and they're using this
process called reconciliation.

474
00:19:02,250 --> 00:19:04,320
And, and, and as the
president likes to say,

475
00:19:04,320 --> 00:19:06,720
it's one big beautiful bill.

476
00:19:06,720 --> 00:19:10,020
I, you know, there's somebody
back there that can do

477
00:19:10,020 --> 00:19:11,910
that way better than I can.

478
00:19:11,910 --> 00:19:14,130
- You know, Patrick, I
think this is a fantastic,

479
00:19:14,130 --> 00:19:15,570
fantastic conference.

480
00:19:15,570 --> 00:19:17,550
I really enjoy it. You
know, I love my plan

481
00:19:17,550 --> 00:19:19,620
and I love my one big beautiful bill.

482
00:19:19,620 --> 00:19:21,720
You know, people are saying
it's tremendous. It really is.

483
00:19:21,720 --> 00:19:23,730
Right? Well, it's gonna be great.

484
00:19:23,730 --> 00:19:25,830
It's gonna be having a
lot of beautiful things

485
00:19:25,830 --> 00:19:27,870
and we're gonna have my no tax on tips

486
00:19:27,870 --> 00:19:30,480
and, you know, maybe I think
I have a brand new idea.

487
00:19:30,480 --> 00:19:33,270
I don't know, what do you all
think? No Tax on commissions?

488
00:19:33,270 --> 00:19:34,445
How about that? Yeah.

489
00:19:39,360 --> 00:19:41,905
- Oh, Ryan. Oh, that wasn't
President Trump that it was.

490
00:19:41,905 --> 00:19:43,530
- Oh, you guys want me
to come out on stage?

491
00:19:43,530 --> 00:19:44,910
I say say, okay, well this is,

492
00:19:44,910 --> 00:19:46,290
I didn't know this was happening, so,

493
00:19:46,290 --> 00:19:47,290
- All right.

494
00:19:47,290 --> 00:19:48,090
Ryan Rus Bolt

495
00:19:48,090 --> 00:19:49,500
who was upset he didn't get any stage

496
00:19:49,500 --> 00:19:50,805
time apparently. So, you

497
00:19:50,805 --> 00:19:51,925
- Know, I gotta say, I think

498
00:19:55,200 --> 00:19:57,510
you all are really, really
fantastic and beautiful people.

499
00:19:57,510 --> 00:19:58,830
I think that, you know, I really love you.

500
00:19:59,760 --> 00:20:01,770
Well, you know, I let
those smarter people talk

501
00:20:01,770 --> 00:20:02,850
and I'm gonna actually go back,

502
00:20:02,850 --> 00:20:04,350
I didn't actually know
it was coming up here,

503
00:20:04,350 --> 00:20:05,700
so this is a little bit embarrassing.

504
00:20:05,700 --> 00:20:06,700
So say,

505
00:20:08,100 --> 00:20:09,245
- Well thank you Ryan.

506
00:20:14,040 --> 00:20:16,260
- Every time I say big beautiful Bill,

507
00:20:16,260 --> 00:20:19,380
or read it in my mind, I'm
hearing Ryan, Russ Bolt say it so

508
00:20:19,380 --> 00:20:22,320
- Well after that
performance, Ryan, I need you

509
00:20:22,320 --> 00:20:23,490
to open up your laptop

510
00:20:23,490 --> 00:20:26,460
and send me five things that
you did at work last week

511
00:20:30,900 --> 00:20:32,160
- For those
- No one else does. Just Ryan,

512
00:20:32,160 --> 00:20:34,860
- For those of you that
don't know Ryan, he's our

513
00:20:34,860 --> 00:20:37,685
lead on our, on our
Republican house lobbying and,

514
00:20:37,685 --> 00:20:42,210
and is is awesome and
hilarious at the same time.

515
00:20:42,210 --> 00:20:46,350
So, and is beloved by many
members of Congress because

516
00:20:46,350 --> 00:20:47,810
- He has hang out with him, competitions

517
00:20:47,810 --> 00:20:49,510
with members on like who
can do the best Trump boys.

518
00:20:49,510 --> 00:20:52,570
Yeah. It's actually quite the
bonding experience, but yes.

519
00:20:52,570 --> 00:20:54,760
Well, Ryan, you should be
monitoring the floor right now

520
00:20:54,760 --> 00:20:59,050
because we do have the first
budget bill coming to the floor

521
00:20:59,050 --> 00:21:00,460
for a 6:00 PM vote today.

522
00:21:00,460 --> 00:21:02,440
So we're getting real
time updates on whether

523
00:21:02,440 --> 00:21:03,640
or not those votes exist.

524
00:21:03,640 --> 00:21:06,850
I worked in congressional
leadership long enough

525
00:21:06,850 --> 00:21:08,230
to know you don't call the vote if you

526
00:21:08,230 --> 00:21:09,340
don't think you have the votes.

527
00:21:09,340 --> 00:21:12,730
So that'll be the first
tranche of this to see. That

528
00:21:12,730 --> 00:21:14,411
- Includes,
- That's tonight, right?

529
00:21:14,411 --> 00:21:15,580
That's tonight. Six o'clock
is when they're expecting it.

530
00:21:15,580 --> 00:21:18,400
So they're expect that's the 4.5 trillion

531
00:21:18,400 --> 00:21:19,780
to spend on tax cuts.

532
00:21:19,780 --> 00:21:21,760
4 trillion increase and the debt limit

533
00:21:21,760 --> 00:21:25,900
and then the 1.4 trillion in
spending cuts over 10 years.

534
00:21:25,900 --> 00:21:29,170
What the president did campaign
on is the no tax on tips,

535
00:21:29,170 --> 00:21:33,820
no tax on Social security
and fixing the salt problem.

536
00:21:33,820 --> 00:21:35,560
And we do have a SALT caucus,

537
00:21:35,560 --> 00:21:37,690
which has great overlap
with the real estate caucus.

538
00:21:37,690 --> 00:21:40,930
You knew, and those are the
areas that we would expect them

539
00:21:40,930 --> 00:21:43,150
to address in this first tranche for sure.

540
00:21:43,150 --> 00:21:45,970
- Yeah. So we're, we're on top of that.

541
00:21:45,970 --> 00:21:48,040
You guys have been working on
that for, for several years

542
00:21:48,040 --> 00:21:49,155
and we've got all of our,

543
00:21:49,155 --> 00:21:51,040
our tax information on at flying realtor,

544
00:21:51,040 --> 00:21:53,080
but the clock is ticking down for me.

545
00:21:53,080 --> 00:21:56,380
So that means you get to give
us this closing time here,

546
00:21:56,380 --> 00:21:57,880
you get to give us the scoop on something

547
00:21:57,880 --> 00:21:59,585
and this is some brand new information.

548
00:21:59,585 --> 00:22:04,090
- So we are always monitoring
what is the intensity of our,

549
00:22:04,090 --> 00:22:06,790
our membership and the
activity of our membership.

550
00:22:06,790 --> 00:22:09,910
And we just got the data
back on voter turnout

551
00:22:09,910 --> 00:22:12,640
for realtors in the 2024 election.

552
00:22:12,640 --> 00:22:15,580
Based on that, we have 89%

553
00:22:15,580 --> 00:22:19,270
of our realtor members voted
far surpassing the national

554
00:22:19,270 --> 00:22:21,760
average of 64%.

555
00:22:26,410 --> 00:22:27,820
That level of participation,

556
00:22:27,820 --> 00:22:29,410
we heard this from the senator yesterday,

557
00:22:29,410 --> 00:22:30,760
we heard this from our,

558
00:22:30,760 --> 00:22:33,640
our guests throughout the
last couple of days, is

559
00:22:33,640 --> 00:22:37,840
that it's not just that
we are here to invest,

560
00:22:37,840 --> 00:22:40,210
but that we show up at the ballot box

561
00:22:40,210 --> 00:22:42,820
and that we get people to
show up at the ballot box.

562
00:22:42,820 --> 00:22:45,760
And so those numbers are, are fantastic.

563
00:22:45,760 --> 00:22:49,090
I don't understand why they
are not a hundred percent,

564
00:22:49,090 --> 00:22:51,310
but, so you would ask
that, we're gonna make sure

565
00:22:51,310 --> 00:22:53,080
that we're working on those
numbers, getting those up

566
00:22:53,080 --> 00:22:54,550
to 90, 91%.

567
00:22:54,550 --> 00:22:57,580
But those engaged citizens
are what's making all

568
00:22:57,580 --> 00:22:59,620
of the difference and we
appreciate your leadership.

569
00:22:59,620 --> 00:23:03,070
- Yeah. So nine nine outta 10
realtors cast ballot in the

570
00:23:03,070 --> 00:23:05,560
last election and six outta 10 for

571
00:23:06,520 --> 00:23:07,520
- Yep.

572
00:23:07,520 --> 00:23:08,500
- The average American. Yep.
So we're ahead of the game.

573
00:23:08,500 --> 00:23:09,700
- Your vote matters.
- Awesome.

574
00:23:09,700 --> 00:23:11,530
- Vote matters.
- Well, thank you very much, Shannon.

575
00:23:11,530 --> 00:23:11,985
- Well thank you Patrick.