With this bill in place, all stakeholders from buyers to brokers can expect greater predictability and accountability in a process that has long needed reform.
At its Mid-Year Meeting, NAR also officially rescinded its “Non-Commingling Rule,” which was an optional policy that permitted Multiple Listing Services to limit display of listings online.
The Realtor delegation representing every state and territory rallied around several core issues that require Congressional action. These priorities were: expanding housing opportunity, protecting the Realtor business model and supporting homeownership for all Americans.
The board action brings greater clarity to Standard of Practice 10-5, which prohibits members of NAR from harassing any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.
NAR remains committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American dream within reach for more families.
The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
Signed into law by Gov. Kathy Hochul on May 3, 2023, as part of the 2023-2024 New York State budget bill, Section 1377 of the Public Health Law will take effect on Nov. 3, 2025.
These requirements aim to balance seller choice with the need for a transparent, cooperative marketplace, ensuring buyers and agents have equitable access to property information.
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