HR 3700 – NAR Launches Call for Action

REALTOR Call for Action (click here to respond)

H.R. 3700 was passed by the U.S. House 427-0.

Despite passing with NO OBJECTIONS, the U.S. Senate has not acted on H.R. 3700.  

This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:

  • Removing a burdensome and expensive FHA Condo approval process
  • Reducing FHA restrictions on the number of condos available to homebuyers
  • Permanently streamlining Rural Housing Service loan processing
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