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\xa0In times of crisis, it\u2019s reassuring to know that you have good people in your corner. In a continuation of a series with the leadership of NAR, Brian interviews Shannon McGahn, Senior Vice President of Government Affairs for the National Association of REALTORS\xae. Brian and Shannon discuss how the organization is representing the interests of the real estate industry on Capitol Hill during the Coronavirus crisis. Topics discussed include how pandemic unemployment assistance can help those who need it; why cash flow is so important to real estate and how the pushback of the tax deadline to July 15 will help the industry; and how lending institutions can service small business with loans.

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YOU WILL LEARN:

• How NAR represents REALTORS\xae in Washington.
• How the recent CARES Act will help the industry.
• What the next round of legislation holds.

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MENTIONED IN THIS EPISODE:

Episode 203,\xa0A Home for the Brave \u2013 an Interview with Dr. Ben Carson and Brian D. Montgomery

Episode 201,\xa0This Too Shall Pass \u2013 an Interview with Dr. Lawrence Yun

Episode 205,\xa0Leading in a Crisis\xa0\u2013 an Interview with NAR\xa0President Vince Malta

www.buffiniandcompany.com/resources/bc

nar.realtor/coronavirus

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INSPIRATIONAL QUOTES FROM THIS EPISODE:

\u201cFor all the talk of a broken and partisan Washington, when this sudden crisis hit, Congress acted in an overwhelmingly quick and bipartisan problem-solving way and our job is to work with them in that fashion.\u201d \u2013 Shannon McGahn

\u201cNAR jumped to action to ensure that our members, property owners and the industry were all well represented in this response.\u201d \u2013 Shannon McGahn

\u201cWhat makes REALTORS so effective on the Hill is that we\u2019re not representing a special interest. We\u2019re representing everyone\u2019s interest. This is REALTOR members, property owners, consumers, the industry and the business as a whole.\u201d \u2013 Shannon McGahn

\u201cIt\u2019s our intention to continue working with lawmakers to ensure that, as we get out of the crisis and into recovery, that we can see that real estate plays a big picture there.\u201d \u2013 Shannon McGahn

\u201cI must say that I have had great responsiveness from all of our contacts on the Hill. They are looking for every way possible to help shake out any of these funds within the economy.\u201d \u2013 Shannon McGahn

\u201cWe\u2019re self-employed. And it\u2019s just good to know we\u2019re not all by ourselves.\u201d \u2013 Brian Buffini

\u201cObservers who were closely following the 1031 issues are encouraged to see that we might see some relief and guidance in the next week or two.\u201d \u2013 Shannon McGahn

\u201cWe work with people. So, as long as you respect the people and the process that they have to go through to come up with their decisions and to implement them, then you\u2019re going to have a better understanding of how those laws are enacted.\u201d \u2013 Shannon McGahn

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Theme Music: \xa0\u201cThe Cliffs of Moher\u201d by Brogue Wave

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