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HousingWire Daily
NAHREP’s Gary Acosta on the Trump policies that could impact real estate
Nov 22, 2024
Gary Acosta, co-founder and CEO of NAHREP, dives deep into how the Trump administration's policies could reshape the real estate market by 2025. He discusses the Clear Cooperation Policy and its importance for fairness in housing listings. The conversation tackles the interplay of immigration and labor shortages in construction, proposing innovative solutions for affordable housing. Acosta emphasizes the significance of smaller lenders in the mortgage scene while advocating for consumer education and a balanced regulatory approach.
30:51
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Quick takeaways
- The incoming Trump administration may adopt a more industry-friendly regulatory approach, potentially increasing housing availability and affordability.
- Efforts to improve housing affordability will require expanding stock and optimizing the mortgage process to better serve low-income buyers.
Deep dives
Impact of Clear Cooperation Policy
The Clear Cooperation Policy mandates that real estate agents post listings on the MLS in a timely manner, promoting transparency and equal access to property information. This policy aims to level the playing field among real estate agents and prevent large brokerages from hoarding listings, potentially leading to unfair competitive advantages. Critics argue that it may favor large companies, but proponents believe it actually protects smaller agents by fostering a more equitable marketplace. The importance of this policy is underscored by ongoing legal challenges and class action lawsuits targeting widespread practices within the real estate industry.
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