Federal Issues
Coalition Files Suit to Stop WOTUS Rule
March 16, 2023
At the end of last year, the Environmental Protection Agency's and Army Corps of Engineers' (the Agencies') final Waters of the United States ("WOTUS") rule was released and scheduled to take effect on March 20, 2023. The National Association of REALTORS®, as part of a large coalition, has filed a lawsuit in the U.S. District Court for the Southern District of Texas to stop the rule from going into effect.
The lawsuit challenges the legality of the rule, which purports to clarify the Agencies' definition of WOTUS. Instead of providing much-needed clarity to the regulated community, the rule instead vastly expands the Agencies' authority over dry land and water features regardless of the physical connection to actual navigable waters. In February of this year, NAR submitted their comments on the proposed rule.
About the 400N Market Brief
The 400 North Association of REALTORS® (400N) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 770.845.4008.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the 400 North Association of REALTORS®
The 400 North Association serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the 400 North Association has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Forsyth, Dawson and Lumpkin area. The Association has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.