NAR Letter to the House Small Business Committee for a Hearing Examing the Rulemaking Effects Out of the U.S. Department of Labor
Issue Date: October 19, 2023
NAR submitted a letter to the House Small Business Committee for a hearing examing the rulemaking effects out of the U.S. Department of Labor. The Department of Labor has jurisdiction over employment opportunities for workers across the country and its policies impact all industries, including the hardworking professionals supporting consumers in the real estate market. In the letter, NAR advocated for clarity and consistency from policymakers in an effort to minimize disruption and uncertainty around worker classification. The letter also explains the benefits of the bipartisan legislation (H.R. 5419, the "Direct Seller and Real Estate Agent Harmonization Act") that incorporates the internal Revenue Code's statutory protection for qualified real estate professionals as non-employees into the Fair Labor Standards Act.