Skip to main content

NAR Spent $7.7 Million on Q1 Federal Lobbying

Apr 22, 2015
Capitol Hill Nightime

The National Association of Realtors (NAR) spent $7.7 million on federal lobbying during the first quarter of this year, according to new data released by MapLight, a non-partisan research group. NAR’s first quarter lobbying output is the second largest of any trade association, with only the U.S. Chamber of Commerce (with $13.8 million in lobbying allocations) spending more.

Since 2008, NAR has spent more than $218 million in lobbying. Last year, it reached its peak to date with nearly $55 million devoted to Washington-based advocacy and outreach.

Also opening its wallet on Capitol Hill was the American Bankers Association (ABA), which spent nearly $2 million in the first quarter and $61 million since 2008, according to MapLight.

In comparison, the Mortgage Bankers Association (MBA) only spent $874,000 in its first quarter lobbying and a total of $22.4 million since 2008, while the National Association of Home Builders spent $830,000 in the first quarter and $21 million since 2008. According to MapLight, NAMB—The Association of Mortgage Professionals did not record any lobbying allocations for the first quarter of this year and spent $4.8 million between 2008 and 2014. 

About the author
Published
Apr 22, 2015
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.