HART Act

The HART Act requires anyone buying multiple residential properties (like apartments, condos, or single-family homes) in a single year to report these acquisitions to the Federal Trade Commission (FTC), treating all such purchases as one transaction. It directly affects real estate investors and large property buyers who acquire residential properties for rental or investment purposes, excluding properties bought for personal use or short-term rentals like hotels. Key provisions include amending the Clayton Act to mandate these reports, exempting personal-use properties, and directing the FTC to update regulations for enforcement. This aims to improve transparency around large-scale residential property ownership changes under antitrust oversight.