On July 4th, President Trump signed the One Big Beautiful Bill Act into law - and it’s a game changer for the real estate economy! In this special, bonus episode, Patrick and Shannon break down NAR’s key wins in the bill that support homeowners, drive investment in housing supply and strengthen the real estate sector, which accounts for nearly one-fifth of the nation's GDP.

The U.S. Senate is deep in debate over the “One Big Beautiful Bill Act,” with lawmakers hoping to get it signed into law by the Fourth of July. But the Senate’s version won’t look exactly like the one passed by the House—so what’s up for negotiation, and what could get washed away in the process? Shannon and Patrick break down where NAR’s top tax priorities stand, what’s transpired so far, and how a “Byrd Bath” could change everything.

In this episode of the Advocacy Scoop, Shannon and Patrick take the stage live at the REALTORS® Legislative Meetings in Washington to highlight NAR’s tax reform wins and reveal what NAR Advocacy is doing behind the scenes as the legislation moves to the Senate. They also unveil NAR’s new 2025 federal advocacy priorities and give listeners the scoop on an exciting new NAR member tax survey and an exclusive national poll on capital gains. BONUS CONTENT: Following this month’s episode, hear a panel of NAR tax experts go in-depth on the tax bill.