The National Association of Realtors announced on July 11 that the bipartisan 21st Century ROAD to Housing Act has been signed into law, following nearly two years of advocacy efforts by its members and leadership.
Shannon McGahn, executive vice president and chief advocacy officer of the National Association of Realtors, said, “On behalf of more than 1.4 million REALTORS, we thank the members of Congress and the Administration who came together to advance legislation that will benefit families and communities in every congressional district and ZIP code across the country. The 21st Century ROAD to Housing Act reflects years of bipartisan work and a shared commitment to addressing one of America’s most pressing challenges. Over the last 21 months, REALTORS from every state partnered with NAR’s advocacy team to make housing a national priority.”
McGahn continued, “Today’s achievement is the result of years of persistence, trust, and collaboration. NAR leaders testified before Congress, worked with lawmakers on both sides of the aisle, provided technical expertise as the legislation evolved, and mobilized thousands of REALTORS to advocate directly with their elected officials.” She also said, “This law combines nearly 50 carefully negotiated measures to increase housing supply, improve affordability, expand access to homeownership, strengthen housing finance, and support veterans. For REALTORS, this law is more than a legislative victory. It shows what sustained advocacy and bipartisan leadership can accomplish to expand housing opportunities and strengthen communities nationwide.”
The National Association of Realtors is involved in all aspects of residential and commercial real estate transactions nationwide. According to the official website, it functions as the leading trade association for real estate professionals; supports diversity and inclusion within its membership; encompasses around 1,200 local boards along with 54 state and territorial associations; works toward empowering real estate professionals in protecting property rights; delivers resources such as research statistics and education; maintains headquarters in Chicago with an additional office in Washington D.C.
Consumer guides about navigating homebuying or selling processes are available through facts.realtor.