The housing laws that could derail a sale — and why Realtors need to pay attention

The National Association of Realtors (NAR) recently held its NXT 2026 conference, where speakers highlighted several housing laws that could potentially disrupt property sales. Specifically, they pointed to right of first refusal, just cause eviction, and source of income protections as key risks that Realtors need to be aware of. These laws can have significant implications for property owners and sellers, and it's essential for Realtors to understand their impact.

The right of first refusal, for instance, gives a tenant or other party the right to purchase a property before it's sold to an outside buyer. This can create uncertainty and delay sales, as property owners may be hesitant to list their properties for sale if they're not sure if the tenant will exercise their right of first refusal. Similarly, just cause eviction laws, which require landlords to have a valid reason to evict a tenant, can make it more difficult for property owners to regain possession of their properties. Source of income protections, which prohibit landlords from discriminating against tenants based on their source of income, can also create challenges for property owners who may not want to rent to tenants who receive government assistance.

As a result, Realtors need to stay informed about these laws and their potential impact on property sales. They should advise their clients about the risks and opportunities associated with these laws and help them navigate the complex regulatory landscape. Going forward, it's essential to watch how these laws evolve and how they may affect the housing market. Realtors should also be aware of any changes to these laws and adjust their strategies accordingly to ensure smooth transactions and minimize potential risks for their clients.

Originally reported by housingwire.com. LeaseNews adds analysis for real estate & property readers.