MLS & Associations

NAR: Why election day was a good day for Realtors

Trade group won vast majority of races it supported, but Realtor issues remain at risk
  • The National Association of Realtors won more than 90 percent of the federal, state and local races it supported this election round.
  • The trade group anticipates Trump's election will lead to less regulation at the federal level.
  • NAR expects a "perfect storm" of legislation next year as Congress takes up bills having to do with tax reform, flood insurance, and reform of Fannie Mae and Freddie Mac.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

For the nation's 1.2 million Realtors, election day was about more than Donald Trump's selection as our next president. The National Association of Realtors spent tens of millions to support local, state and federal candidates across the country and won over 90 percent of those races, according to Jerry Giovaniello, NAR's senior vice president of government affairs and chief lobbyist. "It was a great night for us," he said in a live post-election webcast Wednesday from the trade group's Washington, D.C., headquarters. How the RPAC-backed races shook out Bill Brown NAR, through its Realtor political action committee (RPAC), spent $25 million on congressional races this election round -- the most in RPAC's history, said NAR 2017 President Bill Brown in the webcast. The trade group supported 426 U.S. House races and 32 U.S. Senate races with those funds -- contributing to both Republicans and Democrats, he said. This includes 47 "Opportunity Races" in which NAR put out...