Your favorite Realtors are always looking out for your best interests both locally and nationally. Recently, Congress tried to pass a bill that would tax new home buyers a “G-fee” that would generate money for transportation. Nothing to do with real estate.
This is where you should thank your Realtor®, who are looking out for you, the consumer. We were notified of this issue by our membership in the National Association of Realtors®(NAR)….and we took action. 197,000 agents emailed or called Congress to encourage them to remove the “g-fees” from the transportation bill.
“Congress heard the more than 197,000 REALTORS®—more than 20.7 percent of all members—who responded to the REALTOR® Party’s most recent Call for Action (CFA), opposing the use of Fannie Mae and Freddie Mac guarantee fees, or “g-fees,” as a revenue stream for a multi-year surface transportation authorization bill.
Thirty-eight states and three territories hit the 20 percent mark in the most successful CFA in NAR history. As a result, Congress has approved the bill and President Obama has signed the bill into law.”
Realtor Video Update of What Congress Was Trying to Do with G-Fees
As a member of the National Association of Realtors, California Association of Realtors and the Pacific West Board of Realtors, I’m updated weekly about what is going in the real estate industry. I will keep you in alerted to bills so you can reach out to Congress and other elected officials and make your voice heard.
Meet with your local Realtors when buying or selling Southern California real estate.