The REALTORS® Land Institute is committed to representing and increasing exposure for the issues that matter most to land professionals. We keep our members up to date with the latest news from DC on the Clean Water Act / Waters of the United States (WOTUS), 1031 Like-Kind Exchange Tax Reform, Endangered Species, and more. RLI is also proud to take a stand and engage on many local issues that hit home for our members.
The Institute has a voice through its member-driven Government Affairs Committee, and as an RLI Member so will you! Make sure to visit the RLI Advocacy Center regularly for the latest legislative updates impacting the land industry.
RLI monitors and takes action on an array of issues that impact landowners and land real estate professionals. We work in close partnership with NAR advocacy to have a voice in Washington, D.C. to promote and protect private property rights.
As part of the Clean Water Act, WOTUS, gives the EPA and Army Corps of Engineers (Corps) authority to regulate "navigable" waters defined in the statute as "the waters of the United States" (WOTUS). The current definition is unclear causing burden and cost to property owners and developers.
Property rights covers a range of issues where restrictions are placed on a property owner that impact their freedom to buy, sell, and utilize property as protected in the Fifth Amendment. Specific issues of concern include land use restrictions and exactions, Open Fields, and foreign land ownership.
Section 1031 of the U.S. tax code allows for an investor to defer paying capital gains taxes on the sale of an investment property as long as gains from the sale are invested into a similar "like-kind" property. The 1031 has been under frequent attack as policymakers see its use as "tax-dodging."
The land is one of our most valuable resources. RLI members are passionate about its protection while preserving the rights of private property owners. We monitor legislation like the Endangered Species Act, Executive Orders such as the 30x30 initiative and other issues like the Colorado River allocation.
The REALTORS® Land Institute, along with the National Association of REALTORS®, gets involved in a variety of tax policy issues where legislation and changes to the tax code negatively impact property owners and investors, and our members as real estate professionals.
As technology progresses and markets shift, new issues that impact real estate emerge such as the use of drones and artificial intelligence. Other issues are long standing such as zoning and permitting, and legislation like the Farm Bill which impacts farmers and our nation's food security.