HART Act

The HART Act requires real estate investors to report all residential property purchases made in a single year as one transaction to the Federal Trade Commission (FTC) and Department of Justice (DOJ). It directly affects individuals or entities buying multiple residential properties (like apartments or single-family homes) for investment purposes, not for personal residence. The bill amends antitrust law to count all such annual acquisitions as a single "acquisition" for reporting, excluding properties held solely for personal use. New FTC rules will define the required reporting format and documentation to assess if large-scale property purchases might violate antitrust laws.