The National Assn. of REALTORS® takes two positions on the issue of preempting state law. It is an advocate of preemption by virtue of its support of the "Small Business [Un]Fairness Act", legislation that will let associations circumvent and circumcise state regulations in health care benefit delivery. It opposes preemption, however, in the matter of banks gaining entry into the real estate sales arena. NAR has requested an opportunity to testify before the Federal Deposit Insurance Corp. (FDIC) about a petition by the Financial Services Roundtable to issue preemption regulations for state banks. NAR lists the following concerns:
1. potential negative impacts on consumers in states with strong consumer protections,
2. disregarding federalism principles by broadening preemption of state laws, and
3. the risks of increased industry concentration and reduced competition.
Interestingly enough, those same concerns are the ones cited by consumer advocates in the matter of Association Health Plans.
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