realestate

Bills Target Real Estate Regulations with Sweeping Reforms

Texas targets NAR's speech code, while Florida seeks to abolish real estate commission.

T
he National Association of Realtors' (NAR) speech code, aimed at preventing discrimination through hate speech, is under fire in Texas. Meanwhile, Florida lawmakers are pushing to abolish its real estate commission. These developments are part of a flurry of legislative activity across the US that could significantly impact the real estate industry.

    In Texas, Senate Bill 2713 targets trade groups with ethics codes around hate speech. The bill's sponsor, Senator Mayes Middleton, argues it will ensure professional advancement is based on merit and conduct, not ideological conformity. However, this conflicts with NAR's Standard of Practice 10-5, which prohibits Realtors from using harassing or hate speech.

    NAR adopted the policy in 2020 after a surge in complaints about discriminatory online posts by Realtors. The goal was to prevent bias against protected groups and ensure equal treatment under the Fair Housing Act. However, some agents have been scrutinized for statements they didn't consider hate speech, sparking controversy.

    The Texas bill has gained significant support during public hearings and is likely to pass before the legislative session ends in June. If it becomes law, individuals who believe they've been denied membership due to their protected status or free speech could bring legal action and collect damages.

    In Florida, House Bill 1461 seeks to eliminate several boards, including the Florida Real Estate Commission (FREC), which oversees home sales and regulates real estate agents. The bill aims to streamline the industry by eliminating redundant organizations. However, Florida Realtors President Tim Weisheyer believes the legislation will not pass this year, but rather become a topic of discussion for the next 12 months.

New York State lawmakers propose sweeping real estate regulations reforms in Albany.