; and (2) by adding at the end the following new paragraph: (2) Process for appointment A vacancy in the position of Executive Director shall be filled by an individual nominated and appointed to such position by the Council, except that the Council may not appoint any nominee who is not confirmed by approval of 75 percent of the aggregate of all members of the Council and the advisory board under section 207 pursuant to an election in which each such member’s vote is given identical weight. If the Council is unable to agree on an Executive Director, the chairperson of the advisory council shall act as interim Executive Director. . 505. Conforming amendment The table of contents in section 101(b) of the McKinney-Vento Homeless Assistance Act ( 42 U.S.C. 11301 note) is amended by striking the items relating to sections 209 and 210 and inserting the following: Sec. 209. Encouragement of State involvement. . VI Revenue related to housing speculation and displacement 601. Amendments to the tax code (a) In general Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: 50B Real property-related taxes Sec. 5000E–1. Luxury real property transfers. Sec. 5000E–2. Real property secrecy transfer tax. Sec. 5000E–3. Mass landlord rental tax. 5000E–1. Luxury real property transfers (a) In general There is hereby imposed on the sale or exchange of real property a tax equal to 5 percent of the amount realized from such sale or exchange. (b) Limitation The tax imposed by this section shall not apply to a sale or exchange of property unless the amount realized from such sale or exchange (or from a series of related sales or exchanges of which such property is a part) is at least $10,000,000. (c) Liability for tax (1) In general The tax imposed by this section shall be paid ½ by the transferor and ½ by the transferee. (2) Exceptions (A) Property transferred to tax-exempt In the case of property transferred to a tax exempt entity, or a State or local government (or political