🔑 How the Big Beautiful Bill Delivers—and Why RPAC Made It Possible

The Senate’s passage of the Big Beautiful Bill marks a defining moment for the housing sector—delivering long-sought financial relief to American homeowners and powerful protections for the professionals who serve them. As the House prepares to give its final approval, the National Association of REALTORS® (NAR) is celebrating a series of wins that directly benefit families, agents, brokers, and investors alike. These victories are the result of years of persistent advocacy—and RPAC is the engine that made them happen.

🏠 For Homeowners: More Financial Flexibility and Renewed Incentives

The bill cements several homeowner-friendly provisions that enhance affordability, especially in high-tax and high-cost markets:

• Lower Individual Tax Rates (Permanent): More take-home pay means greater financial confidence and increased purchasing power.

• Mortgage Interest Deduction (Permanent): Preserving this deduction helps keep the dream of homeownership within reach for first-time and move-up buyers.

• Quadrupled SALT Deduction Cap (Five Years): Raising the state and local tax deduction limit from $10,000 to $40,000 provides meaningful relief for homeowners in high-property-tax states.

Together, these provisions remove financial barriers, ease the burden on middle-class families, and promote long-term housing stability.

🏢 For REALTORS® and the Real Estate Industry: A Stronger, More Competitive Landscape

Real estate professionals and small brokerages also stand to gain significantly from the bill:

• Enhanced & Permanent QBI Deduction (Section 199A): Independent contractors and small firms—who make up the bulk of the industry—can continue deducting up to 20% of qualified business income.

• Protection of Business SALT and 1031 Like-Kind Exchanges: These tools are essential for keeping investment dollars flowing into communities and allowing REALTORS® to advise clients with confidence on long-term wealth strategies.

This legislative package doesn't just protect REALTOR® livelihoods—it empowers the profession with stability, growth potential, and a renewed ability to serve clients more effectively.

🗳️ The Unsung Hero: RPAC’s Power Behind the Policy

None of these wins happened overnight. They were the result of sustained advocacy, deep relationships with lawmakers, and data-backed policy development—all driven by the REALTORS® Political Action Committee (RPAC).

RPAC played a crucial role by:

• Electing REALTOR®-championed candidates across party lines

• Building trust and access at every level of government

• Funding the research and campaigns that shaped how legislators understood the housing market

RPAC ensured that when the Big Beautiful Bill was written, NAR had a seat at the table—and the voice of REALTORS® and property owners was heard.

📣 The Message Is Clear: When REALTORS® Unite, We All Win

The Big Beautiful Bill is more than tax reform—it's a recommitment to the value of homeownership and the real estate profession. It reflects what’s possible when REALTORS® invest in advocacy, speak with one voice, and act with purpose.

Now is the time for industry professionals to:

• Educate clients on these new tax benefits

• Engage with prospects who were hesitant before

• Reinvest in RPAC to ensure future policy wins

REFERENCE:
Newton, P. (2025, July 1). Senate passes tax bill with major wins for real estate. REALTOR® Magazine. Retrieved from https://www.nar.realtor/magazine/real-estate-news/senate-passes-tax-bill-with-major-wins-for-real-estate
© 2025 National Association of REALTORS®.