Thomas M. Stevens has been named the new head of the National Association of Realtors. He will be leading the battle between Realtors and the Presidents tax commissions, which wishes to reduce the mortgage deduction on luxury properties (or shacks in the northeast.).
Thomas M. Stevens, a prominent Washington area real estate broker, was installed as president last week of the powerful National Association of Realtors, taking the top post as the trade group faces an unprecedented array of attacks.
From the proposal to cut back mortgage interest deduction to economists’ worries about the housing bubble to government officials alleging antitrust violations to bankers trying to push their way into the home brokerage business, NAR officials are feeling pretty much under siege. Real estate agents are being depicted as fat and happy, stodgy and resistant to change, particularly by other businesses that want to get a bigger share of the lucrative real estate market. via The Washington Post
For Thomas Stevens full biography, click here.
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