WASHINGTON (January 28, 2014) – The following is a statement by National Association of Realtors® President Steve Brown:
“NAR commends President Obama for highlighting two key policy reforms during his State of the Union address tonight that support the future of homeownership and the business of real estate.
“Realtors® welcome the President’s call for legislation to keep the dream of homeownership alive for all Americans while protecting taxpayers from the risk of costly bailouts. NAR supports bipartisan legislation in the Senate that will restructure the secondary mortgage market to encourage private capital while also preserving the government guarantee so that middle-class homebuyers continue to have access to safe, reliable mortgage products, such as 30-and 15-year fixed-rate loans.
“President Obama also called on Congress to pass legislation to curtail the frivolous patent infringement lawsuits and licensing schemes that have unnecessarily cost Realtors® and other main street businesses valuable resources. NAR is working closely with legislators and allies to draft patent reforms that will combat these abusive trolling practices.
“NAR is ready and willing to work with President Obama and Congress to develop sound policies to promote and protect the American dream of homeownership.”
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.