2024 Legislative Session Wrap-up

Louisiana REALTORS® • July 18, 2024

2024 Regular Legislative Session Successes


Real Estate Licensing Law

Louisiana REALTORS® was proud to support changes to the real estate licensing law requiring all real estate licensees to have buyer agreements. HB 366/Act 690 by Rep. Paula Davis, R-Baton Rouge, passed, has been signed by the governor and goes into effect August 19.

 

Real Estate Service Agreements

Louisiana REALTORS® supported legislation making it an unfair trade practice actionable by the Attorney General to secure a real estate service agreement with a mortgage or other encumbrance. SB 506/Act 363 by Sen. Rick Edmonds, R-Baton Rouge, passed and has been signed by the governor.

 

Property Insurance

During the recent legislative session, the Legislature debated many pieces of legislation designed to attract companies writing property insurance back to Louisiana. Louisiana REALTORS® was supportive of this effort to provide confidence to the insurance industry to stimulate competition; legislation of interest that passed follows:

 

  • HB 120/Act 8 by Rep. Matthew Willard, D-New Orleans, repeals the sunset on the Louisiana Fortify Homes Program.
  • HB 611/Act 9 by Rep. Gabe Firment, R-Pollock, phases out the three-year rule for property insurance, an issue carriers have identified as a major impediment to investment in Louisiana.
  • SB 295/Act 10 by Sen. Heather Cloud, R-Turkey Creek, shifts Louisiana from "prior approval" to "file in use" and will allow insurers more flexibility to price their product and remove another burden that slows down the process. Act 10
  • SB 323/Act 3 by Sen. Kirk Talbot, R-River Ridge, establishes a process for good faith and fair dealing in the claims process, removing the ambiguity in the law that hinders swift claims resolution.

 

Louisiana Citizens

HB 428/Act 401 by Rep. Delisha Boyd, D-New Orleans, The bill allows a Louisiana Citizens’ policyholder to request to that tangible personal property be excluded from their policy. If granted, Louisiana Citizens could calculate an actuarially justified reduction in the property owner’s premium. LR supported the bill.


SB 113/Act 757 by Sen. Kirk Talbot, R-River Ridge, removes the requirement that Louisiana Citizens’ rates must be at least 10% higher than private insurance companies’ between January 1, 2025, and December 31, 2027.

 


By Louisiana REALTORS® March 13, 2026
Louisiana’s 2026 Regular Session opened this week with several developments that matter directly to REALTORS ®, property managers and housing providers, alongside some broader political shifts worth watching. HB 292: Security Deposit Return Timelines Rep. Delisha Boyd’s HB 292, which addresses procedures for returning residential security deposits, was deferred to next week. This provides additional time for stakeholders to engage with members on practical impacts for lease administration, move out inspections and documentation standards. We’ll continue working to ensure any changes to deposit law are clear, workable and do not expose housing providers to unreasonable liability. Land Use and Development: St. James Parish Decision The Louisiana Supreme Court’s recent St. James Parish decision significantly tightens the standards for overturning local land use decisions, reinforcing that zoning and permitting authority rests with parish and municipal governments as long as their decisions are not arbitrary or capricious. For real estate and development, that means more predictability if projects are aligned with adopted plans and ordinances, but also higher stakes in local elections, planning processes and parish-level negotiations. Governor’s State of the State In his State of the State address, Governor Jeff Landry reiterated his push to phase out the state income tax, expand the LA GATOR and MJ Foster scholarship and workforce programs, and replace vehicle inspection stickers with a QR code system. These programs frame a debate around long-term competitiveness, workforce readiness and household cost of living which are all key drivers of housing demand and migration patterns. Business & Market Trends The business community is focusing the session on insurance, workforce and energy. Commercial and property insurance costs remain a top concern for employers and property owners, and we are monitoring civil justice and insurance reform proposals that could affect market stability and availability. At the same time, Louisiana is seeing more than $100 billion in announced industrial and data center projects, which could reshape local markets, labor conditions and housing needs in multiple regions of the state. Please view the weekly bill tracking report at the link below provided by our lobbying team over at Harris, DeVille and Associates.
Louisiana real estate regulations are designed to protect consumers
By Louisiana REALTORS® March 11, 2026
Learn how Louisiana real estate regulations, disclosure laws, and licensing standards help protect homebuyers and create safer, more transparent transactions.
By Louisiana REALTORS® March 9, 2026
Nominations are open now through April 24, 2026, for the Louisiana REALTORS® 2025 REALTOR® of the Year & the 2025 Lawrence R. DeMarcay, Jr. Distinguished Service Award. Both awards are aimed to showcase an individual who has volunteered their time in service to the real estate industry. Recipients of the awards will be recognized during the Spring Legislative Conference. (Registration coming soon!) Please see the below links with the selection criteria and consider submitting a nomination today. Contact Donna Teekel at (225) 224-0704 or dteekel@larealtors.org with any questions.
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