Officials with the Greater Capital Association of Realtors joined Realtors from across the country last week in Washington for the 2016 Realtor Legislative Meetings & Trade Expo.
Local real estate professionals met with regulators and lawmakers on Capitol Hill to advocate for specific issues, including protection of real estate-related tax policies, according to a prepared statement.
Nearly 9,000 Realtors attended the expo.
While in Washington, GCAR leaders met with Sen. Kirsten Gillibrand, D-N.Y.; Sen. Charles Schumer, D-N.Y.; Congressman Paul Tonko, D-N.Y.; and Congressman Chris Gibson, R-Kinderhook.
GCAR President-Elect, Joel Koval urged Tonko to preserve current real estate-related tax policies and extend the Mortgage Forgiveness Tax Relief Act, which prevents distressed homeowners from receiving excessive income tax bills on forgiven home loan debt.
Other important issues included reforming key Federal Housing Administration condo rules and ensuring Fannie Mae and Freddie Mac mortgage guarantee fees are not extended, increased or diverted away for unrelated government spending.