Author: www.nar.realtor - Washington Report

The current Geographic Targeting Order (GTO) is effective beginning April 30, 2022 until October 26, 2022, and includes additional jurisdictions.

HUD announced the establishment of an exclusive 30-day listing period for the sale of foreclosed formerly FHA-insured properties to Owner-Occupant Buyers, Governmental Entities, and HUD-approved nonprofits.

NAR along with staff of local and state associations met with senior staff of Fannie Mae to discuss issues that have arisen from the recently implemented safety and reserving requirements.

Learn about the items of note to the real estate industry that were included in President Biden’s full $5.8 trillion budget request, which will need to pass Congress.

Check out the new Department of Justice’s information on web accessibility and the Americans with Disabilities Act (ADA).

The independent contractor regulation updated the definition of “employer” under the Fair Labor Standards Act (FLSA), adopting an economic realities test for classifying workers as employees or independent contractors.

On March 10, 2022, the Senate passed by a vote of 68-31, H.R. 2471, the Consolidated Appropriations Act of 2022, a $1.5 trillion omnibus spending package that will keep the government running and funded through September 30.

Check out NAR’s response to the Federal Housing Finance Agency’s (FHFA) proposed strategic plan for 2022-2024.

NAR submitted a comment letter in response to the Financial Crime Enforcement Network’s (FinCEN) Advance Notice of Proposed Rulemaking (ANPRM) on anti-money laundering regulations for the real estate sector.

New rule, if finalized, will sweep more U.S. waters under jurisdiction of the federal Clean Water Act, leading to more delays in building more homes.