February 21, 2024


Making a New Home

NAR to Members: Don’t Panic Over PRO Act

2 min read

A invoice passed by the U.S. Dwelling could have an affect on Realtors who are independent contractors, but NAR claims it’s doing work with senators to involve a Real estate agent exception in the monthly bill.

WASHINGTON – The Countrywide Association of Realtors® (NAR) is cautioning associates not to worry about passage of the Safeguarding the Suitable to Manage (Pro) Act in the U.S. House of Associates – a monthly bill that could have broad implications for the unbiased contractor position of hundreds of thousands of Us residents.

Various current viewpoint parts in business publications have incorrectly depicted the invoice as nearing imminent passage in the Senate and becoming legislation with unfavorable phrases for Realtors®.

“NAR’s advocacy crew labored with lawmakers in the Property to be certain Realtors would not be negatively impacted, and to guidance an modification that would guard existing condition definitions of ‘employer’ and ‘employee,’” suggests NAR Chief Advocacy Officer Shannon McGahn. “We are at this time performing to make certain this language is integrated in the Senate edition.”

McGahn provides that NAR will carry on pushing for unbiased contractor protections, even if the Senate declines to act on the bill: “Our advocacy group has released a vigorous energy to teach lawmakers on how indispensable the unbiased contractor classification is to our sector and ensure the monthly bill does not utilize to Realtors.”

Senate Republicans are united in opposition to the legislation, as are some Democrats. It normally takes 60 votes to advance legislation in the Senate.

“There has always been bipartisan fascination in a serious estate-particular exemption for any ABC take a look at laws,” McGahn states.

Supply: Realtor Magazine staff members

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