NAR works diligently in Washington, DC to improve the landscape for commercial practitioners. In 2007, we played a leading role in a major initiative — requesting a Tenancy in Common (TIC) exemption with the Securities and Exchange Commission (SEC) permitting commercial real estate professionals to receive compensation for their work in helping buyer clients select and purchase a TIC interest in a commercial property.
Here are the ongoing commercial issues we still face in 2008:
- Tenants in Common
- Terrorism Insurance
- Commercial Insurance
- Basel 1 A & II/Commercial Real Estate Lending
- Banks in Real Estate Development
- Leasehold Depreciation
- Depreciation Recapture/Capital Gains
- FASB Impact on Commercial Lending
- Forced Access
RPAC, the REALTORS® Political Action Committee, works hard to get our collective voices heard in Washington regarding these issues. RPAC is one of the most influential PACs in the country, raising millions for candidates and political committees that are willing to take a similar stand on the issues we face. And the power of those voices grows each year, affecting real industry changes — nationwide.
But we can’t do it all alone. We need the power of all of our members to inspire real change in our industry.
How to Get Involved:
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