National Association of Realtors® Applauds Introduction of 21st Century Internet Act

Washington, D.C. – July 17, 2018 (nar.realtor) The National Association of Realtors® commends Rep. Mike Coffman for his introduction of the 21st Century Internet Act. Rep. Coffman’s bill comes in response to the Federal Communications Commission’s 2017 decision to dismantle net neutrality regulations, with the legislation ensuring that Internet Service Providers, or ISPs, cannot block or throttle online content or services.

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In November 2017, the FCC, under chairman Ajit Pai, released a plan to dismantle landmark regulations that ensure equal access to the internet, clearing the way for internet service companies to charge users more to see certain content and to curb access to some websites. Realtors® were vocal opponents of rules proposed by the FCC to create a two-tiered internet by allowing ISPs to charge companies a premium to boost website download speeds. Virtual net neutral practices are essential to ensuring that real estate content may be freely and efficiently distributed online, particularly as the marketing of real estate is increasingly conducted online through streaming video and other services.

The new legislation secures into law the “four corners of net neutrality,” focusing on providing consumer protection for those accessing and doing business online. The bill also requires ISPs to publicly disclose management practices, prohibits ISPs from engaging in unfair or deceptive acts, and ensures that both broadband equipment and services are accessible to and usable by individuals with disabilities.

National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement in support of the 21st Century Internet Act:

“Nearly all of America’s 1.3 million Realtors® depend on open access to affordable, high-quality internet service to adequately serve clients, market properties and conduct business. Rep. Mike Coffman’s 21st Century Internet Act is a much-needed response to the FCC’s decision to repeal net neutrality regulations and preserve equal, unencumbered internet access for small businesses and consumers across the country.

“NAR applauds the Congressman for his work on this legislation and pledges to continue working with Congress and the FCC to protect our members’ ability to freely share lawful content on the internet.”

Realtor® Iona Harrison, past president of the Maryland Association of Realtors®, also commended Representative Coffman and the legislation while speaking at a press conference with the congressman this morning in Washington, D.C., and offered this statement:

“When we talk about the future of net neutrality, what we’re really talking about is the future of the internet and the future of commerce in this country. Make no mistake, this is a Main Street issue. Representative Coffman’s 21st Century Internet Act will protect both consumers and small businesses, and on behalf of my colleagues across the country, I want to thank him for introducing this much-needed legislation.”

The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Media Contact:

Wesley Shaw
(202) 383-1193
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Bipartisan Support for Net Neutrality

Source: Statista

On Wednesday, the U.S. Senate voted 52-47 in favor of overturning the FCC’s decision to repeal net neutrality. The regulation, put in place by the FCC under the Obama administration in 2015, essentially ensures that all internet traffic is treated equally by internet service providers and prevents them from blocking or prioritizing content from certain companies over others. In December 2017, the FCC had decided to repeal the current set of rules, arguing that net neutrality would limit internet freedom and stifle investment and innovation.

As our chart, based on a recent poll commissioned by the nonpartisan group Voice of the People, illustrates, Americans are surprisingly united in their support of current net neutrality rules. 86 percent of the registered voters polled by Nielsen Scarborough oppose the FCC’s plans to repeal net neutrality rules, with similar numbers found across all political camps.

While yesterday’s ruling was a major win for Democrats and net neutrality advocates, it was only a first step: to roll back the FCC’s decision using the Congressional Review Act, Democrats need a majority vote in the House as well as the president’s signature, which is unlikely considering he publicly supported the FCC’s decision in December.

Net Neutrality Infographic

NAR Media Discusses Net Neutrality and Its Impact on Real Estate

What’s the expected impact on real estate if the FCC votes to reverse net neutrality? Net neutrality is the set of policies that seek to promote an open internet. NAR looks at the issue with David Charron of MRIS and Melanie Wyne of NAR Government Affairs.