Industry News

NAR announces real estate priorities

'Keeping banks out of real estate' a top concern

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The National Association of Realtors 2004 legislative and regulatory agenda will focus on increased regulatory oversight, expanding housing opportunities, promoting favorable real estate tax initiatives, increasing the transparency of the real estate transaction and keeping big banks out of the real estate business. These issues were selected by NAR leaders who gathered at NAR's 2004 Legislative/Regulatory Policy Meeting in Washington last week to determine the association's top policy priorities for the second session of the 108th Congress. "Policies favorable to home ownership have contributed to the dynamic housing market that has been the engine of our economy over the past three years," said NAR President Walt McDonald, broker-owner of Walt McDonald Real Estate in Riverside, Calif. "However, homeowners and the real estate industry face serious issues this year. We are particularly concerned about the recent regulation by the Office of the Comptroller of the Currency that al...