News - LA Realtors

Navigating Fair Housing Advertising Standards: A Guide for Real Estate Professionals

Fri, 24 Apr 2026 19:04:04 GMT

Advertising violations are among the most common sources of fair housing complaints against real estate professionals. Every MLS listing, Facebook post, Instagram story, and property flyer is subject to fair housing law.

One discriminatory phrase in a listing description or an improperly targeted social media ad can trigger investigations, fines, and professional consequences. For Louisiana REALTORS® members , understanding advertising standards is essential to protecting both clients and professional licenses.

What Constitutes Advertising Under Fair Housing Law?

Fair housing advertising law applies more broadly than many agents realize. Advertising includes:

MLS listings and property descriptions
Social media posts, stories, and paid advertisements
Print materials: flyers, postcards, brochures
Property signage and open house materials
Emails and text messages to prospective clients
Website listings and virtual tours

Even verbal statements made during property showings fall under fair housing protections. Additionally, visual content, like photos, videos, and graphics that suggest preferences for or against protected classes, must comply with fair housing standards.

Digital advertising introduces new compliance challenges. Facebook and Instagram ad targeting parameters, Google keyword selections, and algorithm-driven content distribution all require careful fair housing review.

Protected Classes and Advertising Implications Under the Fair Housing Law

The Fair Housing Act protects seven classes from housing discrimination: race, color, national origin, religion, sex, familial status, and disability. Understanding how each protected class appears in advertising violations helps Louisiana agents avoid common mistakes.

Race, Color, and National Origin: Avoid neighborhood descriptions that suggest demographic composition. Terms like "diverse community," language preference mentions, or cultural characterizations can signal discriminatory intent.

Religion: Do not emphasize proximity to religious institutions or include religious imagery that suggests preferences.

Sex: Avoid gendered language like "bachelor pad" or "perfect for career women." The term "master bedroom" remains legally acceptable, though some prefer "primary bedroom."

Familial Status: This is the most frequently violated category. Avoid "adults only," "perfect for retirees," "no children," "great for empty nesters," or "ideal for young professionals."

Disability: Describe accessibility features objectively without suggesting who should or shouldn't live in the property.

How to Stay in Compliance on Your MLS Listings

Focus on objective property characteristics rather than ideal occupants:

Avoid: "Perfect for large families"
Use: "Five bedrooms with bonus playroom"

Avoid: "Great for seniors"
Use: "First-floor primary suite with step-free entry"

Avoid: "Ideal for young professionals"
Use: "Walking distance to business district and restaurants"

Avoid: "Quiet, mature neighborhood"
Use: "Tree-lined streets near parks and walking trails"

When describing location and amenities, stick to factual, verifiable information: proximity to schools, shopping, parks, highways, and public transportation. Avoid subjective characterizations that could imply demographic preferences.

How to Stay Compliant on Social Media and Digital Marketing Platforms

Social media amplifies fair housing risks through targeting capabilities and visual content.

Ad Targeting: Facebook and Instagram allow demographic targeting by age, gender, location, and interests. Using age restrictions (excluding users over/under certain ages) or targeting based on parental status can violate fair housing law when advertising housing.

Image Selection: Ensure diversity in marketing photos. Consistently showing only one demographic group can suggest discriminatory preferences.

Hashtags and Captions: Avoid hashtags like #adultsonly, #retirementready, or #perfectforfamilies. Focus on property features: #openfloorplan, #updatedkitchen, #walkinglocation.

Video Tours: Apply the same standards to video content and virtual staging. Describe features, not intended occupants.

Monitor and moderate user comments on listing posts. Discriminatory comments from others on your marketing materials can create fair housing exposure.

Using the Equal Housing Opportunity Logo and Statement Properly

Display the Equal Housing Opportunity (EHO) logo on:

All advertising materials (print and digital)
Your website and social media business pages
Email signatures when conducting real estate business
Property signage when applicable

Include the EHO statement: "We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation."

Before You Publish: An Advertising Compliance Checklist

Before posting any listing or marketing content:

Review for protected class language — Remove references to age, family status, or demographic preferences
Check photos for diversity — Ensure visual content doesn't suggest preferences
Verify digital ad targeting — Confirm parameters don't exclude protected classes
Include EHO logo and statement — Display on all materials
Read from a client perspective — Does anything suggest this property isn't for everyone?
Consult when uncertain — Review with your broker before publishing questionable content

Compliant advertising expands your client reach rather than limiting it. Properties marketed with inclusive, feature-focused language attract qualified buyers across all demographics. If you have questions about specific listing language or marketing approaches, consult your broker or legal counsel before publishing.

2026 Legislative Session Scoop - Week 7 Recap

Fri, 24 Apr 2026 14:50:17 GMT

Week seven of the 2026 Regular Session was one of the most active weeks yet for legislation affecting the real estate industry. Louisiana REALTORS® remained heavily engaged as lawmakers advanced bills dealing with property disclosures, appraiser liability, rent regulation, insurance, blight, redevelopment and other issues that directly affect real estate professionals, property owners and consumers across the state.

One of the most important bills this week was HB 1166 by Rep. Kim Carver , which would require disclosures for vacant residential property. The bill was reported from House Commerce with amendments on a 14-0 vote and then amended on the House floor, ordered engrossed, and passed to third reading. Louisiana REALTORS® testified on the bill in committee and worked closely with the author to better posture the legislation. Amendments advanced by our team were accepted by the author, helping improve the bill while preserving a practical disclosure framework that increases transparency without creating unnecessary confusion in the transaction process.

Another closely watched issue this week was consumer-fee disclosure legislation. HB 617 by Rep. Mandie Landry moved this week, advancing from House Commerce and then the House floor, while HB 580 , another hidden-fee disclosure bill touching real estate transactions, remains pending. Louisiana REALTORS® is opposed to these measures in their current form to the extent they apply to real estate professionals because they are not well-tailored to the realities of real estate transactions, where many costs are negotiated, variable or controlled by third parties. Louisiana REALTORS® testified in opposition to the bills we oppose and is actively working with the author to better posture the legislation and remove real estate professionals from its scope altogether.

On HB 472 by Rep. Alonzo Knox , the rent stabilization bill, the author is expected to try to bring the measure back before the committee next week with amendments. Even so, Louisiana REALTORS® remain opposed to the bill on principle. Price gouging is already illegal under existing law, and government-imposed rent regulation is not the right answer to housing affordability challenges. Louisiana REALTORS® testified in opposition to the bill and continues to oppose the measure because policies like this risk discouraging investment, reducing housing supply, and creating further market distortions rather than solving the underlying problem.

HB 468 by Rep. Troy Hebert , which regulates the wholesale of residential real property, remains pending in the Senate Commerce Committee and continues to be an important bill for the industry. Likewise, HB 1027 by Rep. Troy Hebert , dealing with appraiser liability, had a strong week, passing the House 90-0 and moving to the Senate. Both measures are significant because they promote greater clarity, consumer protection and confidence in the real estate marketplace.

Blight and redevelopment issues also remained active. HB 284 by Rep. John Wyble , which would allow certain local governments to expropriate blighted property through a declaration-of-taking process, remains subject to call and continues to raise serious concerns about private property rights. By contrast, HB 214 and HB 217 by Rep. Chance Henry , which create tax incentives for the rehabilitation of blighted property, represent a more constructive redevelopment approach by encouraging reinvestment rather than expanding government taking authority.

Insurance legislation also remained a major focus this week, with multiple bills heard that could affect homeownership costs, market stability and post-storm recovery. Measures dealing with Louisiana Citizens assessments, pre-suit insurance claim review, the Fortified Homes Program and insurance market transparency all carry real implications for affordability and transaction viability. In Louisiana, insurance remains one of the most important issues affecting the real estate market, and Louisiana REALTORS® continues to closely track that legislation.

Taken together, week seven showed that Louisiana REALTORS® remains actively engaged where it matters most: supporting practical transaction standards, protecting private property rights, testifying for and against legislation when necessary, pushing back on unworkable regulation and rent-control-style policies, and advancing policies that strengthen housing opportunity and market stability across Louisiana.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

Consumer Guide Update: Navigating Interest Rates Shifts

Thu, 23 Apr 2026 16:52:44 GMT

NAR is pleased to share the latest consumer guide helping buyers navigate shifting interest rates. The one-page guide covers how lenders set rates, the impact of small shifts on monthly payments and strategies to get the lowest rate possible.

As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which looks at how solar installations may impact home sales transactions.

2026 Legislative Session Scoop - Week 6 Recap

Fri, 17 Apr 2026 16:51:15 GMT

Louisiana REALTORS® spent week six of the Legislative Session actively engaged on several bills at the Capitol impacting core industry priorities, including private property rights, affordability, redevelopment and transaction-related regulations. Most of the meaningful activity remained in the House, where lawmakers continued advancing measures with direct implications for the real estate market.

HB 284 by Rep. John Wyble , which would authorize certain local governments to expropriate blighted property by declaration-of-taking, failed on final passage in the House Tuesday by a 48-47 vote, and remains subject to reconsideration.

Meanwhile, HB 472 by Rep. Alonzo Knox , which would authorize rent stabilization at the local level, was voluntarily deferred in committee following testimony from Louisiana REALTORS® and our partners at the Louisiana Apartment Association effectively ending its path this session. This marks a significant win, as rent control policies do not address housing supply challenges and instead risk further market distortion.

In House Commerce, several key bills moved forward. HB 1027 by Rep. Troy Hebert , which clarifies that appraisers are not liable for a seller’s failure to meet smoke and carbon monoxide detector requirements, passed committee unanimously and is now slated for a House floor vote. This common-sense measure protects appraisers and helps preserve efficiency in the transaction process.

HB 673 by Rep. Tammy Phelps , which would have imposed new security camera mandates on certain blighted properties, was also voluntarily deferred following industry opposition.

Additionally, HB 426 by Rep. Phelps , which addresses criminal blighting and expands enforcement liability, remains under consideration. Louisiana REALTORS® is monitoring this bill closely to ensure efforts to address blight do not unintentionally discourage investment or redevelopment.

We continue to track broader market integrity and redevelopment efforts. HB 468 by Rep. Hebert , addressing residential wholesaling, has now moved to the Senate after unanimous House passage.

HB 217 by Rep. Chance Henry , which provides tax incentives for the rehabilitation of blighted property, also remains active in the Senate and represents a constructive approach to redevelopment.

Looking ahead, the House Commerce Committee will consider HB 1166 by Rep. Kim Carver next week, which addresses disclosure requirements for vacant residential property. Louisiana REALTORS® supports clear, consistent consumer disclosures and have been working closely with the author and the Louisiana Real Estate Commission to ensure the bill is structured to promote transparency while maintaining practical standards and avoiding unintended liability for real estate professionals.

Overall, the House carried the bulk of real estate activity this week, while the Senate saw limited movement on major REALTOR® priorities. As the session continues, Louisiana REALTORS® remains focused on protecting private property rights, opposing harmful market interventions, supporting responsible redevelopment and advancing policies that strengthen real estate transactions for both consumers and our members.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

Fair Housing Red Flags: How Agents Can Recognize and Respond to Client Discrimination Requests

Thu, 16 Apr 2026 18:52:02 GMT

One of the most professionally challenging situations Louisiana real estate agents face is when a client expresses discriminatory preferences during a property search or listing process. These moments test both legal knowledge and interpersonal skills.

Understanding that "I'm just doing what my client wants" provides no legal protection is critical. Agents carry independent liability for fair housing violations regardless of who initiated the discriminatory request.

This guide provides recognition strategies, response scripts, and documentation practices to help Louisiana REALTORS® members navigate these difficult conversations while maintaining compliance and professional integrity.

How to Recognize Discriminatory Client Requests in Real Estate: Common Red Flags

Discriminatory requests range from explicit to coded. Louisiana agents should recognize these warning signs:

Explicit Protected Class Statements: Direct mentions of race, religion, national origin, or other protected classes ("I don't want to live near [protected class]").

Coded Language: Phrases that suggest protected class preferences without naming them directly:

"I want a safe neighborhood" (often code for racial/ethnic composition)
"Good schools" (can signal demographic preferences rather than school quality)
"People like us" or "our kind of people"
"Changing neighborhood" or "established area"
"Quiet neighbors" (can suggest familial status preferences)

Age and Family Preferences: "No children nearby," "adult community," "active neighbors," "quiet building."

Demographic Questions Before Property Criteria: Clients who ask about neighborhood demographics before discussing budget, size, commute, or other objective criteria.

Geographic Steering Requests: Directing you to avoid certain areas without objective reasons related to budget, commute, or specific amenities.

Can Real Estate Agents Be Held Liable for Client Discrimination?

Yes. Louisiana real estate professionals must understand three critical legal realities:

Independent Liability: Agents are independently liable for fair housing violations. You cannot delegate legal responsibility to your client. Even if a client explicitly instructs discriminatory actions, compliance makes you personally liable.

NAR Code of Ethics Article 10: REALTOR® members must provide equal professional service regardless of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. This is a professional ethical standard in addition to legal requirements.

License Law Implications: The Louisiana Real Estate Commission enforces fair housing compliance at the state level. Violations can result in fines, license suspension, and permanent professional consequences.

Financial and reputational damage from fair housing violations can be career-ending. Complaints, investigations, and litigation create public records that follow agents indefinitely.

How Agents Can Redirect Discriminatory Conversations: Sample Scripts and Strategies

When a Client Makes an Explicit Discriminatory Statement

Script: "I understand you have preferences, but I'm legally prohibited from selecting properties based on [protected class]. Let's focus on the criteria that matter for your search: budget, size, commute time, school quality, and specific amenities. What's most important to you?"

Immediately reframe the conversation to lawful, objective criteria. Document this conversation in your records.

When a Client Uses Coded Language

Client says: "I want a safe neighborhood."

Your response: "Safety is important to everyone. Let's look at objective data: crime statistics, police response times, street lighting, and neighborhood watch programs. What specific safety features matter most to you?"

Client says: "I want good schools."

Your response: "Here are the school ratings, test scores, student-teacher ratios, and program offerings for this area. Which academic factors are priorities for your family?"

Provide objective, verifiable data. Avoid subjective characterizations or demographic discussions.

When a Client Asks About Neighborhood Demographics

Script: "I can't provide demographic information or characterize neighborhoods in those terms, but I'm happy to share objective data: property values, appreciation trends, tax rates, amenities, school performance, and commute times. I can also drive you through neighborhoods so you can observe them personally and decide what feels right for you."

Offer factual information and opportunities for personal observation without demographic commentary.

Declining Client Representation: Setting Fair Housing Boundaries as an Agent

If a client persists in discriminatory requests after you've explained your legal obligations, you must decline representation.

Professional withdrawal script: "I've explained my legal obligations under fair housing law, and I cannot assist with property searches based on [protected class]. If you'd like to work with me using lawful criteria, such as budget, property features, location preferences based on commute or amenities, I'm happy to help. Otherwise, I need to step back from this representation."

Document the withdrawal decision and your reasons. Notify your broker immediately.

Situations requiring withdrawal:

Client explicitly requests discrimination after education
Client asks you to violate fair housing law
You cannot provide equal professional service while representing this client
Client's requests create unmanageable liability exposure

How to Document Discriminatory Requests for Your Protection

Careful documentation protects you if a client later files a complaint or if fair housing investigations arise.

What to document:

Date, time, and context of the conversation
Exact language the client used (quote directly when possible)
Your response and the education you provided about fair housing obligations
Whether the client revised their search criteria to lawful terms or you declined representation
Any witnesses present during the conversation

How to document:

Written memo to file immediately after the conversation
Email to your broker summarizing the situation
Detailed notes in your CRM or transaction management system
Save all text messages and emails containing discriminatory language

Retain documentation according to Louisiana record retention requirements and your brokerage policies.

How to Navigate Common Scenarios: Practical Applications

Scenario 1: Buyer says, "I don't want my kids going to school with those people."

Response approach: Immediately educate on fair housing law . Redirect to objective school quality metrics: test scores, programs, teacher qualifications. If client persists, decline representation and document thoroughly.

Scenario 2: Seller instructs, "Don't show this house to anyone under 40."

Response approach: Explain familial status and age protections under fair housing law. Offer to market to all qualified buyers using compliant advertising. If the seller insists on discriminatory terms, withdraw from the listing and document.

Scenario 3: Client asks, "Is this a family building or is it mostly singles?"

Response approach: Describe unit features, building amenities, and occupancy limits if applicable. Avoid demographic characterizations. Offer to provide objective information about the building and neighborhood.

Agent Resources for Challenging Fair Housing Situations

You don't have to navigate these situations alone:

Consult your broker immediately when discriminatory requests arise
Louisiana REALTORS® members' legal resources provide guidance on complex situations
NAR fair housing materials offer scenario-based training and response scripts
Louisiana Real Estate Commission provides regulatory guidance
Fair housing continuing education strengthens your ability to recognize and respond to violations

Protecting Clients, Communities, and Your Professional Future

These conversations are uncomfortable, but they're essential to lawful and ethical practice. By recognizing discriminatory requests early, responding with clear education and redirection, and drawing firm boundaries when necessary, you protect yourself, your clients, and the integrity of the real estate profession in Louisiana.

Fair housing compliance isn't just about avoiding violations. It's about expanding opportunity, serving communities equitably, and upholding the professional standards that define membership under National and Local Associations.

Consumer Guide Update: Financing a Renovation When You Buy

Fri, 10 Apr 2026 16:54:35 GMT

NAR is pleased to share the latest consumer guide that helps buyers learn about conventional, FHA and VA mortgage options that let them fold in the cost of renovations or repairs. Renovation financing can help buyers compete in low-inventory markets, customize a home to their needs and build equity faster.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which discusses lessening the impact of changing mortgage rates

2026 Legislative Session Scoop - Week 5 Recap

Fri, 10 Apr 2026 16:53:44 GMT

This week at the Capitol, Louisiana REALTORS® saw meaningful movement on several issues that directly impact the real estate industry. Most notably, HB 468 by Representative Troy Hebert, a key part of our legislative agenda, passed the House unanimously, 96–0, and now heads to the Senate. The bill creates a clear framework for regulating residential real estate wholesaling, strengthens disclosure requirements and gives the Louisiana Real Estate Commission enforcement authority, including penalties for violations. That vote margin speaks for itself and reflects strong bipartisan support for greater transparency and accountability in this market segment.

We are also closely engaged on legislation tied to blight, redevelopment and property rights. HB 217 by Representative Chance Henry, which authorizes an optional property tax exemption for blighted or derelict properties that have been rehabilitated, and ties that exemption to local redevelopment plans, passed the House floor by an 84–12 vote. It is now moving through the Senate process. Louisiana REALTORS® supports HB 217 because it creates another tool to encourage redevelopment, return distressed property to productive use and strengthen communities when implemented responsibly.

Louisiana REALTORS® also support Representative John Wyble’s HB 284 , which would authorize certain parishes and municipalities to address blighted property through a declaration-of-taking process in limited jurisdictions. HB 284 is currently subject to a call on House final passage. While any proposal involving expropriation deserves careful attention, we support the goal of giving communities practical tools to deal with truly blighted and abandoned property that drags down surrounding neighborhoods, depresses property values and slows local recovery.

Insurance remains one of the biggest issues of the session and continues to affect housing affordability and market stability across Louisiana. Lawmakers are working on proposals to reduce premiums, increase competition and improve the overall insurance climate. The Fortified Roof Program continues to generate significant discussion and, candidly, a fair amount of noise, but Louisiana REALTORS® and our coalition partners are actively monitoring all avenues to ensure the final result is practical and beneficial for homeowners, and the broader real estate market. These conversations remain closely tied to tort reform, which continues to be a major part of the effort to address insurance costs and availability.

We are also monitoring HB 673 by Representative Phelps , which would authorize the state fire marshal to require owners or lessees of abandoned or blighted structures to install and maintain exterior security cameras and retain footage for at least 30 days. Louisiana REALTORS® opposes this bill because it creates a costly new mandate on property owners without addressing the root causes of blight, and it could create additional liability and compliance burdens for property owners, property managers and others involved in distressed property. At this time, the bill remains pending in the House Commerce Committee and is slated to be heard next week.

We also remain actively engaged on several other priorities within our legislative agenda including ongoing work on vacant property disclosure and efforts to provide greater clarity on appraiser liability related to carbon monoxide detector requirements. In particular, we are working closely with the Louisiana Real Estate Commission and Representative Carver to position HB 1166 in the strongest and most workable posture possible, with a clear focus on protecting Louisiana real estate agents and their clients from unnecessary liability, reducing confusion in the transaction process, and ensuring that any new disclosure requirements are practical, fair and clearly defined. Our goal is to ensure the final product supports consumer transparency without imposing undue burdens on our members and not exposing agents across Louisiana to unintended risk.

As the session continues, Louisiana REALTORS® will remain focused on protecting consumers, supporting responsible redevelopment, defending private property rights and advancing sound policy that strengthens the real estate market for our members and the clients they serve.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

Selling Your Home in Louisiana: A Timeline from Listing to Closing

Thu, 09 Apr 2026 17:06:02 GMT

Selling a home in Louisiana involves more steps than many sellers anticipate. From the moment you decide to list to the day you hand over the keys, the process typically spans several weeks, and each stage requires decisions that can affect your final outcome.

Understanding what to expect at every phase helps you stay prepared, avoid delays, and make the most of your sale. A real estate professional can guide you through each of these stages, providing expertise to protect your interests and help the transaction move forward efficiently.

Preparing Your Home Before It Hits the Market

The preparation phase is one of the most important and most underestimated parts of the selling process. Homes that are well-prepared before hitting the market tend to attract stronger offers and sell faster.

During this stage, most sellers focus on:

Decluttering, deep cleaning, and completing deferred maintenance
Making cosmetic improvements such as fresh paint or updated fixtures
Scheduling professional photography and considering staging
Reviewing comparable sales and setting a competitive list price

Working with an experienced real estate agent can help ensure your home is priced accurately . If you price it too high, it can deter buyers, but pricing it too low leaves money on the table. An agent can also advise which pre-listing improvements are worth the investment and connect you with trusted local contractors if needed.

Listing Your Home for Sale on the MLS

Once your home is listed on the MLS , the focus shifts to generating interest and managing showings. Your agent will coordinate showings, communicate feedback from prospective buyers, and keep you informed about market activity.

Offer timing varies depending on local market conditions , price point, and property type. In a competitive market, offers may arrive within days. In slower conditions, the listing phase can extend several weeks.

Your real estate agent will help you evaluate each offer , looking beyond the purchase price to assess contingencies, financing terms, and the buyer's proposed closing timeline, so you can make an informed decision.

Accepting an Offer and Going Under Contract

Once you accept an offer, the transaction enters its most active and detail-intensive phase. Several parallel processes unfold during this period, and your agent will help you manage each one.

Buyer's Inspection

The buyer will typically hire a home inspector within the first week or two under contract. Sellers should expect the inspector to evaluate the home's structure , systems, and major components. If the inspection reveals issues, the buyer may request repairs or credits. Your agent will advise you on how to respond strategically.

Appraisal

If the buyer is financing the purchase, the lender will order an appraisal to confirm the home's market value supports the loan amount. If the appraisal comes in below the agreed purchase price, your agent will help you navigate the options, including renegotiating the price, challenging the appraisal, or pursuing another mutually acceptable resolution.

Title Search and Clearance

A title company will conduct a search to confirm the property can be transferred free of liens or ownership disputes. Louisiana's property records can carry complications from successions or prior ownership, so this step is essential. Any title issues that surface must be resolved before closing can proceed.

Loan Approval and Underwriting

During this period, the buyer's lender is finalizing the mortgage. Sellers have a limited role here, but your agent will maintain communication with all parties to flag any potential delays early.

Closing On the Sale and Transferring the Property

In Louisiana, the transfer of property is formalized through an act of sale, a notarized document executed before a notary public, rather than the closing table format used in many other states. The notary will prepare the act of sale and oversee the signing process.

On closing day, sellers should expect to:

Sign the act of sale and any required transfer documents
Provide keys, garage openers, and any applicable warranties or manuals
Receive net proceeds, typically via wire transfer or check

The entire signing appointment generally takes one to two hours. Your real estate professional will confirm all closing details in advance and ensure you arrive prepared.

Work With a Licensed Real Estate Agent to Sell With Confidence

Selling a home in Louisiana involves legal requirements, negotiation, and coordination across multiple parties. A knowledgeable agent brings the experience to manage the process on your behalf, from pricing strategy and listing preparation to contract negotiations and closing-day logistics.

Members of Louisiana REALTORS® are held to a strict code of ethics and are committed to protecting your interests throughout the process. Find a qualified real estate professional to help you with the sale of your home today.

2026 Legislative Session Scoop - Week 4 Recap

Fri, 03 Apr 2026 14:00:27 GMT

This week, the Legislature remained in high gear, and several items relevant to Louisiana’s real estate market moved into focus. The biggest headline for our industry this week was HB 468 by Rep. Troy Hebert , our wholesaling/consumer-protection bill, was slated to be heard on the House floor, however was bumped due to floor congestion and out-of-order bills. It is now expected to be reset for next Tuesday. This bill remains one of the clearest “market integrity” efforts on the board with clearer rules for non-traditional transactions, stronger transparency and better consumer protections.

We also continued substantive policy work behind the scenes. We are actively engaging with Rep. Carver on a vacant land disclosure bill he has authored, and we appreciate that he is welcoming our input and guidance as the language is refined. Our goal is straightforward: ensure any vacant land disclosure framework is practical, reduces confusion and avoids unintentionally shifting liability or enforcement burdens onto real estate professionals.

In addition, we were pleased to deepen our relationships at the Capitol this week. We had the privilege of hosting a lunch for the Governor’s Office, enjoyed meeting Governor Landry’s team, and look forward to working with them in a constructive, solutions-oriented manner as the session continues.

Finally, Rep. Hebert also filed an additional measure that aligns with our legislative agenda and speaks directly to transaction risk management: HB 1027 , which would limit liability for licensed real estate appraisers in situations involving smoke and carbon monoxide detector compliance. The current law already provides that real estate agents are not liable for a seller’s failure to comply with Louisiana’s detector requirements in one- or two-family dwellings. HB 1027 would extend that same liability protection to licensed appraisers by amending R.S. 40:1581(F). This is a clean, common-sense clarification that helps prevent appraisers from being pulled into compliance disputes that properly belong with the seller’s statutory obligations.

Next week, committees are scheduled to hear multiple bills relevant to real estate, including measures involving construction and roofing standards (often tied to insurance and mitigation), property rights/expropriation, and property tax and adjudicated property issues that can influence housing supply and neighborhood reinvestment. We will stay closely engaged and will flag any bills or amendments that materially affect transactions, homeownership costs or private property rights.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

Cookbook for the REALTORS® Relief Foundation!

Thu, 02 Apr 2026 17:26:12 GMT

Louisiana REALTORS® is compiling a cookbook of Louisiana flavor with a REALTOR® heart in support of the REALTORS® Relief Foundation . And we have two ways for you to get involved:

Join us in contributing your favorite recipe using this online form. If you want to include a picture with your recipe, send to info@larealtors.org and reference recipe title in email subject.
Or share your creativity by designing the cover artwork for the cookbook. A small committee will review all entries and choose one to print on the cover.

Stay tuned for more details on when you can grab your own copy of the cookbook! Cover artwork and recipes are due by April 17th.

2026 Legislative Session Scoop - Week 3 Recap

Fri, 27 Mar 2026 15:53:30 GMT

Week three of the Regular Session kept real estate issues in the conversation, even as lawmakers continued to focus heavily on workforce, tax and insurance policy.

On the property tax front, measures to reshape assessments and exemptions, including proposals for a new blight rehabilitation exemption and additional relief for seniors, remain parked in the House Ways and Means Committee as stakeholders work through fiscal and local government concerns. These bills matter because they will influence long-term carrying costs, redevelopment incentives and how tax burdens are shared across residential and commercial property.

Homestead related legislation, including parish level authority to increase the exemption amount, is also in the queue, signaling that the broader structure of Louisiana’s homestead system is officially on the table, not just the dollar figure. For homeowners and buyers, this debate goes directly to affordability. For local governments, it raises revenue stability and service delivery questions. There also has been movement on several identical pieces of legislation that would instruct parish assessors to develop a process for homeowners to permanently register for the homestead exemption for the duration that they own and live on the property.

We are actively tracking legislation that will directly shape how investor activity and non-traditional transactions are recognized and regulated in Louisiana’s real estate market.

This includes HB 468 by Troy Hebert , a key component of the Louisiana REALTORS® legislative package that targets the wholesale of residential real estate, which was heard in the House Commerce Committee on Monday. The bill is currently positioned for a floor vote early next week. As drafted, HB 468 represents a major step in the right direction for consumer protection in Louisiana, advancing needed guardrails through potential disclosure, registration, and practice standards that could redefine how assignment contracts and “off-market” transactions intersect with licensed brokerage activity.

In parallel, HB 292 by Delisha Boyd passed the House on final reading, 86-3, and is on its way to the Senate. Together, these measures represent a coordinated policy effort to bring greater structure and transparency to emerging transaction models, while preserving the integrity of the traditional brokerage framework.

Finally, the broader policy backdrop remains important: the Governor continues to push income tax changes and cost of living relief, while business and industry groups are prioritizing insurance, workforce and energy — each a key driver of long run housing demand and investment. As these debates evolve, we’ll keep you updated on what moves, what stalls and what it all means for your clients, your pipeline and private property rights across Louisiana.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

Webinar Recording - 2026 Tax Season Updates from Greg Kennedy, CPA

Thu, 26 Mar 2026 21:32:19 GMT

Tax Questions & Updates for 2026 Webinar Recording Now Available

Louisiana REALTORS® is committed to providing timely resources that help members stay informed and positioned for success in their businesses. If you missed our recent Tax Questions & Updates for 2026 webinar , the full recording is now available to watch at your convenience.

During this informative session, tax professionals from Greg A. Kennedy, CPA, APC walked REALTORS® through several of the most common tax questions facing independent contractors in the real estate industry. The discussion focused on practical strategies and considerations that can impact how REALTORS® structure their businesses and manage their tax obligations.

Topics covered in the webinar included:

Whether forming an LLC makes sense for your real estate business
When an S Corporation election might offer potential tax advantages
How to evaluate whether you may be paying more in taxes than necessary
Important tax considerations for independent contractor real estate professionals
Planning ahead for 2026 tax changes and business decisions

This session was designed to help REALTORS® better understand their options, ask the right questions of their tax advisors, and make informed decisions about how their businesses are structured.

Whether you are newly licensed, considering changes to your business entity, or simply looking to ensure you are managing your taxes efficiently, this webinar offers valuable insights from experienced tax professionals.

Louisiana REALTORS® will continue to provide educational resources and timely updates to help members navigate the business side of real estate with confidence. Stay tuned for additional webinars and training opportunities throughout the year.

Consumer Guide Update: Staging Your House For A Sale

Fri, 20 Mar 2026 17:27:26 GMT

NAR is pleased to share the latest consumer guide that explains the concept of home staging, offers DIY staging tips and missteps and shares the latest NAR member sentiment on how staging can help buyers better visualize the property as their future home and potentially net sellers a higher price.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which discusses home mortgage options that allow buyers to fold in renovation costs.

2026 Legislative Session Scoop - Week 2 Recap

Fri, 20 Mar 2026 12:48:05 GMT

With legislative work wrapped for week two of the session, here is your look back at what took place inside the halls of the Capitol.

This week was defined by one major theme: workforce. Across both chambers, lawmakers moved a substantial package of measures focused on workforce development and reforms to Louisiana’s labor and workers’ compensation systems.

House Labor Committee

One of the busiest areas of activity was the House Labor Committee, which met Thursday morning and took up a slate of bills tied to employment policy, workforce structure and independent contractor issues like measures on portable benefits. The committee’s work underscored the broader push this session to modernize Louisiana’s workforce.

Workers’ Compensation Reform

The conversation around workers’ compensation reform also gained serious momentum. On the House side, additional labor-related bills addressed independent contractor definitions and other employment law issues. This week marked one of the first major pushes of the session on labor and workforce policy.

House & Governmental Affairs

Beyond labor-focused legislation, activity also continued in other key committees. In the House & Governmental Affairs Committee, lawmakers advanced multiple bills dealing with the timing of bond and tax elections.

Tax, Commerce and Property

Looking back at the broader week-two agenda, the Legislature also began considering several tax, commerce, and property-related measures, including proposals impacting property tax assessments, homestead exemptions, and the issues affecting private property.

While workforce dominated the week, these issues are starting to gain traction as the session moves forward.

A portion of our legislative package will be heard next week as HB 468 moves to the House Commerce Committee and HB 292 moves to the House Civil Law and Procedure Committee. Be on the lookout for any potential calls-to-action for these, or any other upcoming bills.

Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.

2026 Legislative Session Scoop - Week 1 Recap

Fri, 13 Mar 2026 03:29:27 GMT

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.

How Policy Impacts Your Real Estate Pipeline: The Direct Link Between Legislation and Listings

Wed, 11 Mar 2026 16:14:04 GMT

In real estate, most agents track interest rates, inventory levels, and days on market. Fewer track legislation.

But here’s the reality: policy decisions made at the local and national levels often impact your pipeline before market data ever reflects the shift.

Property tax changes, insurance reform, development regulations, and lending rules directly influence listing inventory, buyer demand, pricing power, and closing timelines. If you’re focused on business growth, legislation is not background noise. It’s a leading indicator.

How is Legislation a Lead Indicator for Real Estate Inventory?

Legislation doesn’t respond to the market. It reshapes it.

When lawmakers adjust tax structures, insurance regulations, lending standards, or development rules, those decisions influence:

Seller motivation
Buyer qualification
Housing supply
Negotiation leverage
Overall transaction velocity

For example, if holding costs increase due to higher property taxes or insurance premiums, long-term homeowners may accelerate plans to sell . Conversely, tighter lending standards can shrink the buyer pool overnight, increasing days on market.

The agents who understand these shifts early can anticipate inventory changes before competitors even recognize a trend.

How Do Property Tax Changes Influence Seller Motivation?

Property taxes are more than a line item. They influence long-term ownership decisions.

In Louisiana, parish-level reassessments can significantly increase a homeowner’s assessed value. When property values rise, escrow payments often follow. Even if a home’s market appreciation builds equity, rising monthly costs can push owners toward downsizing or relocating.

Key ways property tax changes affect listings:

Higher escrow payments reduce affordability for fixed-income homeowners
Increased assessments can motivate long-time owners to capitalize on equity
Shifts in exemptions or millage rates impact holding costs

For real estate agents, monitoring property tax policy discussions can provide insight into potential inventory waves months before they appear in MLS data.

How Do Insurance Reform Efforts Influence Louisiana Home Sales?

In Louisiana, insurance is often the determining factor in whether a deal survives.

Recent insurance carrier exits, premium spikes, and stricter underwriting requirements have reshaped buyer qualification across many markets. In coastal and storm-prone areas, insurance costs now significantly impact debt-to-income ratios.

Legislative efforts to stabilize the insurance market can directly affect:

Buyer affordability
Lender approval confidence
Seller concessions
Inspection negotiations

If roof-age requirements tighten or underwriting guidelines change, sellers may need to invest in improvements before listing. If premiums rise again, buyer pools can shrink quickly.

Agents who stay informed about insurance legislation are better equipped to prepare sellers for realistic pricing and advise buyers on true affordability.

How Do Development Regulations Affect Housing Supply?

Housing inventory does not exist in a vacuum. It is heavily influenced by development policy.

Zoning regulations, permit timelines, floodplain rules, and infrastructure requirements determine how quickly new homes can enter the market. In Louisiana, flood-mitigation standards and parish-level development approvals often shape suburban growth patterns.

When development slows due to regulatory constraints:

New construction supply tightens
Resale homes become more competitive
Price sensitivity increases
Builders adjust pricing strategies

On the other hand, policy that encourages development can gradually increase inventory, shifting negotiation leverage back toward buyers.

For long-term business planning, agents should view development legislation as a multi-year pipeline indicator.

Do Mortgage Policy Shifts Affect Home Sales Activity?

Mortgage policy directly impacts how many buyers can participate in the market.

Changes in loan limits, debt-to-income guidelines, appraisal rules, or FHA and VA program adjustments can either expand or contract the buyer pool.

Even subtle lending rule shifts can result in:

Increased conditional approvals
More appraisal scrutiny
Longer underwriting timelines
Reduced offer strength

When lending tightens, agents must adjust expectations and focus on stronger buyer preparation. When lending expands, first-time buyer activity often increases.

Staying informed about mortgage regulation updates allows agents to anticipate shifts in demand before they impact showing activity.

Which Policy Updates Could Shape Future Housing Inventory?

Looking ahead, several policy areas could shape the real estate landscape in Louisiana:

Continued insurance market stabilization efforts
Potential property tax reform discussions
Infrastructure and coastal resilience funding
Development zoning adjustments
Mortgage guideline changes at the federal level

Tracking legislative sessions , insurance commissioner updates, and parish council discussions provides early insight into market direction.

Policy awareness is a competitive advantage.

Using Policy Trends to Strengthen Your Real Estate Strategy

Understanding legislation helps agents build authority and protect transactions.

Agents who can explain how policy impacts pricing, affordability, and supply position themselves as trusted advisors rather than transaction facilitators.

Policy-informed real estate agents can:

Advise sellers on timing strategies
Prepare buyers for financing realities
Anticipate inventory shifts
Adjust marketing and pricing strategies proactively

This strengthens listing consistency, referral volume, and long-term business growth.

Agents who treat legislation as a business-growth tool rather than background noise are better positioned to protect their revenue, anticipate change, and build resilient pipelines.

If you want to grow your business in Louisiana’s evolving real estate market, start watching policy as closely as you watch interest rates.

Because your next listing may be decided long before the sign ever goes in the yard.

How Real Estate Regulations and Recent Policy Updates Protect Louisiana Homebuyers

Wed, 11 Mar 2026 15:57:20 GMT

Purchasing a home in Louisiana is one of the largest financial commitments most people will ever make. From navigating inspections and financing to understanding insurance requirements and closing procedures, the process involves multiple moving parts that can quickly become complicated.

Recent updates to Louisiana real estate laws and mandatory transaction forms are intended to make that process clearer and more secure. By strengthening disclosure standards, formalizing written agreements, and reinforcing professional oversight, these regulatory changes are designed to enhance consumer protection and reduce risk.

Here’s how those updates directly benefit today’s homebuyers.

What Recent Real Estate Regulation Updates Mean for Homebuyers

Recent updates to Louisiana real estate regulations focus heavily on transparency and documentation. Buyers now see clearer agency agreements, written compensation disclosures, and standardized forms that outline exactly who represents whom in a transaction.

Why does that matter?

Because misunderstandings used to create risk. In the past, some buyers were unclear about:

Who their agent legally represented
How compensation worked
What duties were owed to them

Today’s written agreements eliminate ambiguity. Buyers know from the beginning:

Who is advocating on their behalf
What services are included
How compensation is structured

Transparency protects everyone. It reduces disputes, strengthens communication, and sets expectations early, before negotiations even begin.

How Property Disclosure Requirements Protect Buyers

One of the most important consumer protection tools in Louisiana real estate is the property disclosure requirement .

Under Louisiana law, sellers must provide a detailed property disclosure document outlining known material defects. This includes information about:

Roof condition
Plumbing and electrical systems
Structural issues
Prior water damage
Flood zone status
Foundation concerns

Property disclosure requirements are not optional guidelines. They are enforceable legal obligations under Louisiana law. Sellers are required to disclose known defects, and failing to do so can expose them to legal liability and potential financial penalties.

For buyers, this means fewer surprises after closing.

In a state like Louisiana, where flood history, drainage, and insurance costs can significantly impact property value, mandatory disclosures are critical. They provide early warning signs and allow buyers to:

Conduct informed inspections
Negotiate repairs or pricing
Make confident purchase decisions

Strong disclosure laws directly reduce post-sale disputes and financial risk.

Professional Real Estate Licensing Standards Provide Agent Accountability

Consumer protection doesn’t stop at paperwork. It extends to the professionals guiding the transaction.

Louisiana real estate licensing standards require:

Pre-licensing education
State examinations
Continuing education
Adherence to a professional code of conduct

Oversight is provided by the Louisiana Real Estate Commission , which enforces compliance and disciplines violations when necessary.

This structure creates accountability.

Licensed real estate professionals are required to understand contract law, agency duties, ethics, and regulatory updates. They must complete ongoing education to remain active. This reduces the risk of incompetence and increases professionalism across the industry.

For homebuyers, that translates into knowledgeable guidance backed by regulatory oversight.

How Regulations Help Prevent Real Estate Fraud in Louisiana

Fraud prevention is another critical focus of modern real estate regulations.

Louisiana transactions now emphasize:

Written agreements for representation
Detailed escrow and trust account handling procedures
Clear documentation trails
Identity verification safeguards

These processes create audit trails and accountability at every stage of a transaction.

Consider the difference between a regulated transaction and a private, unrepresented sale. In regulated transactions:

Funds move through monitored accounts
Required disclosures are documented
Agreements are standardized
Timelines are structured

In unregulated or informal transactions, buyers may unknowingly expose themselves to avoidable risks. Regulatory safeguards significantly reduce that exposure.

Why Working with a Licensed Real Estate Professional Matters More Than Ever

Real estate regulations are designed to protect consumers, but those protections only work when they are applied correctly throughout the transaction.

A licensed real estate professional helps ensure that:

Required disclosure forms are completed accurately and reviewed in detail
Contract deadlines and contingency periods are properly tracked
Inspection terms are structured to protect the buyer’s interests
Negotiations are grounded in current market conditions
All regulatory requirements are followed from contract to closing

Without professional guidance, buyers are often left to interpret complex legal documents and statutory requirements on their own. While online resources can provide general information, they cannot replace transaction-specific expertise or real-time problem-solving.

Regulations establish the legal safeguards. Professional representation ensures those safeguards are properly executed and fully leveraged to protect your investment.

Before navigating your next purchase alone, consider this: When one of the largest investments of your life is on the line, is it wiser to interpret legal documents independently or to work with a licensed professional trained to protect your interests?

2027 LR Officer Elections, RVPs & NAR Director Applications

Mon, 09 Mar 2026 12:00:39 GMT

The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application.

An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.

Application deadline is Friday, April 24, 2026.

For questions or if you need assistance, please contact Norman Morris, CEO.

2025 Awards Nominations

Mon, 09 Mar 2026 12:00:39 GMT

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.

REALTOR® of the Year

The REALTOR® of the Year award was first established in 1958 to recognize a REALTOR® who has contributed most to the advancement of his profession and the community at large during the current year. Subsequently, each individual so selected is recognized by the Louisiana REALTORS® at its annual meeting and by the National Association of REALTORS® at its annual convention.

Lawrence R. Demarcay, Jr. Distinguished Service Award

The Lawrence R. DeMarcay, Jr. Distinguished Service Award is given in honor of Lawrence R. DeMarcay, Jr., a distinguished Louisiana REALTOR® who served as President in 1982. It recognizes the member who has contributed greatly to the REALTOR® organization.

The Lawrence R. DeMarcay, Jr. Distinguished Service Award is not an award given every year, but when there is a qualified and deserving recipient, we present this award to that REALTOR® member who has provided guidance and leadership to this great organization.

Consumer Guide Update: Spotting Deepfake Scams in Real Estate

Fri, 06 Mar 2026 17:25:05 GMT

NAR is pleased to share the latest consumer guide to help buyers and sellers protect themselves from deepfake scams in real estate. The guide explains how AI-generated audio or video might be used to impersonate real people involved in a real estate transaction to divert down payments or closing funds to bad actors. The guide offers tips to spot and avoid deepfake traps during the sale or purchase of a home.

As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor. Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which offers home staging tips.

2026 Legislative Session Preview

Fri, 06 Mar 2026 03:13:28 GMT

2026 Legislative Session: What Louisiana REALTORS® Are Focusing On

The 2026 Legislative Session starts Monday, March 9th, and for REALTORS® across Louisiana, this is the time when policy decisions will directly impact property rights, housing affordability and consumer protection.

As the session begins, Louisiana REALTORS® is entering focused, prepared, and proactive. The housing market is stabilizing, mortgage rates are easing and financing capacity has improved. However, supply constraints remain. That means state-level policy matters now more than ever.

Our job is simple, protect property rights, defend consumers and strengthen the real estate marketplace.

Consumer Protection: Bringing Clarity to Wholesaling Practices

One major focus this session is consumer protection. Louisiana REALTORS® is advancing a bill that addresses unregulated wholesaling practices.

Unregulated wholesaling has created confusion and risk in the marketplace. In some cases, consumers believe they’re entering into traditional transactions when they’re not. The proposed legislation aims to bring clarity and transparency, ensuring that individuals engaged in real estate transactions for compensation operate within proper regulatory guidelines.

This is about protecting consumers. It’s about protecting sellers, particularly vulnerable homeowners, from misleading practices. And it’s about preserving integrity in our marketplace.

Property Management: Extending Security Deposit Timelines

Another priority is property management reform. Louisiana REALTORS® is supporting a bill to extend the security deposit return window from 30 days to 60 days.

The current 30-day timeline does not reflect today’s operational realities, especially in larger or disaster-impacted markets. Extending the return period allows property owners and managers to properly assess damages, obtain contractor estimates, and ensure accurate reconciliation.

This balances fairness to tenants with practical realities for housing providers. It’s modernization, not rollback.

Property Rights and Housing Supply

Beyond individual bills, broader policy themes will also shape the session. Private property rights remain foundational. Louisiana REALTORS® will oppose regulatory overreach that devalues ownership.

At the same time, policies that increase housing supply through streamlined development and reduced permitting friction are critical.

If we want affordability, we must address supply. That’s the structural issue.

Legislative Climate: Engagement is Key

The political environment this year shows strong interest in economic growth and reform, aligning closely with REALTORS® priorities. But alignment requires active engagement. Louisiana REALTORS® will be present, constructive, and firm where necessary.

How Members Will Stay Informed

Members can expect:

Clear communication from Louisiana REALTORS® leadership
Real-time updates on key legislative developments
Targeted calls to action when timing matters

When REALTORS® speak with one voice, Louisiana policymakers listen. This session will shape Louisiana’s housing landscape for years to come. Louisiana REALTORS® will continue leading, protecting property rights, strengthening consumer protections and advancing policies that promote opportunity across our state.

The Cost of Staying Silent: Why Legislative Engagement Matters for Real Estate Agents

Fri, 06 Mar 2026 02:37:07 GMT

Real estate legislation and housing policy are evolving at an accelerated pace at both the national and state levels. Issues such as compensation structures, disclosure standards, insurance reform, zoning regulations, and consumer protection are no longer abstract policy debates. They are active initiatives reshaping how transactions are structured, how buyers qualify, and how brokerages manage risk.

When real estate agents step back from these conversations, the outcome is simple: other stakeholders step forward. And those stakeholders ultimately influence the rules that govern your contracts, your compliance requirements , and your earning potential.

How New Real Estate Regulations Can Impact Agent Transactions

Lawmakers across the country are actively revisiting how residential real estate operates. From compensation transparency and disclosure standards to insurance reform and zoning policy, regulatory activity is expanding at both the national and state levels.

These changes directly affect:

Contract structure
Buyer qualification
Inspection and insurance timelines
Closing costs
Brokerage risk exposure

Legislation does not stay theoretical for long. A single statutory revision can change compliance standards overnight, disrupt closings, or increase liability.

For real estate agents, understanding housing policy is no longer optional. It is a core component of protecting your business .

Why Real Estate Agents Should Engage in Legislative Advocacy

Policy does not pause when industry professionals disengage. It moves forward, shaped by those who show up.

If real estate agents are absent from legislative briefings and advocacy discussions, other stakeholders step in to influence the outcome.

The result can mean:

Increased regulatory burdens
Less influence over industry standards
Reactive compliance instead of proactive input
Greater transaction uncertainty

The stakes extend beyond commissions. Property rights, housing access, and market stability are all affected. Without consistent engagement, agents risk losing their voice in decisions that directly shape their business.

The Role of Agents in Shaping Real Estate Policy Decisions

History consistently demonstrates that organized agent participation influences legislative outcomes.

When members engage through coordinated calls, in-person meetings, testimony, and policy discussions, lawmakers listen. Adjustments are made. Language is clarified. Proposed bills are refined to reflect real-world transactional realities.

Effective advocacy follows a simple chain reaction:

Engagement > Access > Influence > Protection.

Legislators need practical insight. Agents provide it. Agents understand how policies play out in contracts, inspections, financing approvals, and client negotiations. That perspective carries weight, but only when it is present in the conversation.

Association advocacy efforts are strengthened by member involvement. Engagement amplifies credibility.

How Housing Policy Knowledge Strengthens Your Real Estate Business

For modern real estate professionals, legislative awareness is part of professional competence .

Clients increasingly expect agents to understand market forces beyond pricing trends. Insurance shifts, zoning changes, appraisal updates, and disclosure requirements all impact transaction outcomes. Agents who understand policy developments are better equipped to guide clients through risk and uncertainty .

Participation also reinforces authority. An agent who understands housing legislation and can articulate its implications builds trust quickly. In a competitive market, expertise differentiates professionals from license holders.

Advocacy is also forward-looking risk management. Instead of reacting to regulatory change, engaged agents anticipate it.

Professionalism today includes policy literacy.

Why Real Estate Agents Should Attend Upcoming Advocacy Events

Legislative activity is ongoing, and several housing-related issues remain under discussion. Topics such as housing affordability, property insurance reform, zoning policy, and consumer disclosure standards continue to evolve at both the state and national levels.

Advocacy events and legislative briefings give agents the opportunity to:

Hear directly from policymakers about proposed changes
Ask questions about legislation that may affect transactions
Provide real-world industry feedback
Build relationships with decision-makers
Demonstrate unified industry representation

Participation is not merely ceremonial. Lawmakers pay attention to attendance and engagement. A strong showing signals that the real estate industry is informed, organized, and invested in responsible policy.

If decisions impacting contracts, commissions, and compliance are on the agenda, agent participation matters in real time.

Ways Real Estate Agents Can Participate in Legislative Advocacy Now

Engagement does not require political expertise. It requires presence.

Simple steps every real estate agent can take this month:

Register for the next advocacy day
Attend a legislative briefing session
Subscribe to policy updates
Respond to calls-for-action from your association
Connect with local representatives

Even small actions compound when multiplied across membership. Participation strengthens the profession’s collective voice.

Regulations will continue to evolve. Housing policy will continue to be debated. Market rules will continue to be refined.

The only variable is whether agents help shape those outcomes.

Agent advocacy ensures that policymakers hear from professionals who understand contracts, client needs, financing realities, and community impact. Without participation, the profession forfeits influence.

Join us for the Spring Into Action Legislative Conference, May 13-14, 2026, with the annual REALTOR® Day on May 13.

The Extra Value in Every Spot Plan: Discounts, Rewards, and More

Mon, 02 Mar 2026 15:01:20 GMT

Article provided through SPOT Pet Insurance partnership

Key Points

Save on everyday pet essentials: Spot Perks includes access to over $2,500 in available discounts1 from top pet care brands.
More Perks: Spot connects pet parents to savings on health products, food, gear, and more.
Added value, same price: Spot Perks comes with every plan — no extra enrollment or added cost required.

Pet Insurance That Gives You More Than Coverage

At Spot, we know caring for your pet goes far beyond vet visits — it’s about giving them the best every day. That’s why every Spot Pet Insurance plan includes access to Spot Perks, a collection of curated deals, discounts, and offers from trusted pet brands.

With over $2,500 in available savings, Spot Perks helps pet parents save on everything from high-quality food and

treats to health tech and pet sitting services. It’s one more way Spot supports pets — not just during the unexpected, but in everyday life.

What Are Spot Perks? Smart Savings for Modern Pet Parents

Spot Perks connects you with discounts from leading pet brands to make caring for your pet more affordable. Every plan includes access to hand-picked offers covering a wide range of categories:

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Save on Everyday Pet Essentials

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Spot’s Added Value: Coverage + Everyday Savings

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How Spot Perks Work

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FAQs: Spot Perks and Added Value

What are Spot Perks? Spot Perks is a curated collection of deals and discounts from top pet brands that help pet parents save on
everyday essentials, services, and products.
How do I access Spot Perks? You can find the latest Spot Perks offers by logging in to your Spot account. Each offer includes a direct link or promo code to redeem with the partner brand.
Do I have to pay extra for Spot Perks? No — access to Spot Perks is included with every Spot Pet Insurance plan at no additional cost.
Are the Spot Perks deals exclusive to Spot customers? Spot Perks are curated offers from partner brands. While some deals may also be publicly available, Spot brings them together in one convenient place to make saving easier for pet parents.
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Key Takeaway

With Spot, you get more than pet insurance — you get a community built around making pet care easier and more affordable.

Spot Pet Insurance helps cover the eligible costs of accidents, illnesses, and emergencies. But with Spot Perks, you also get access to

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Jesus Vasquez, Author

Jesus Vasquez is a front‑end engineer at Spot Pet Insurance who powers the blog with his technical skill. Devoted pet lover he

co‑parents a clever Jack Russell Terrier escape artist and an affectionate but jealous Irish Terrier mix—both rescued pals.

Property Value Enhancements Real Estate Agents Need to Know in 2026

Tue, 24 Feb 2026 23:11:27 GMT

The era of making minimal updates and expecting immediate buyer demand has passed. In 2026, property value is no longer assumed. It must be demonstrated. Buyers are more analytical, appraisers are increasingly conservative, and inspection processes are more rigorous than ever.

This shift favors real estate agents who provide strategic, informed guidance to their clients. Agents who understand which improvements genuinely support market value, and which simply add unnecessary expense, are better positioned to price homes accurately , defend those prices with confidence, and navigate transactions with fewer disruptions.

Energy-Efficient Home Upgrades That Increase Property Value

Energy efficiency has shifted from a value-added feature to a baseline expectation in today’s market. Buyers are increasingly evaluating homes through the lens of ongoing affordability, factoring in monthly utility costs alongside mortgage payments, particularly as insurance premiums and energy expenses continue to rise.

Improvements that consistently support market value include:

Updated HVAC systems
Smart thermostats
Energy-efficient windows
Enhanced insulation and air sealing

While these upgrades may not always enhance listing photos, they play a critical role in reducing buyer hesitation. More importantly, they strengthen a home’s position during negotiations by reinforcing confidence in long-term ownership costs and overall efficiency.

Kitchen and Bathroom Renovations That Support Resale Value

In 2026, extensive luxury remodels do not automatically translate into higher property value. In some cases, they can work against sellers when the scope or finish level exceeds neighborhood expectations and comparable sales .

Buyers consistently prioritize:

Clean, functional layouts
Updated fixtures and hardware
Neutral, timeless finishes that do not require immediate replacement
Improved lighting and practical storage

Improvements that often fail to deliver a full return include:

Ultra–high-end materials in mid-range markets
Highly personalized or design-forward choices
Full gut renovations without strong comparable support

An agent’s value lies in helping sellers align renovation decisions with local market realities and price ceilings, rather than design trends or social media influence.

Designing Home Offices and Flex Spaces That Appeal to Today’s Buyers

Remote work has not disappeared, but buyer expectations around it have become more refined. In 2026, purchasers are no longer looking for improvised solutions; they expect spaces that are intentionally designed to support work and daily living.

Today’s buyers prioritize:

Clearly defined workspaces rather than makeshift setups
Sound control and a degree of privacy
Reliable, high-quality internet infrastructure

The value of these areas lies in their flexibility, not simply their size. Spaces that can easily transition between a home office, guest room, or hobby area appeal to a broader range of buyers and help minimize hesitation during showings.

High-ROI Exterior Upgrades That Help Homes Sell Faster

Curb appeal is no longer simply aesthetic; it is a strategic factor in buyer decision-making. In more cautious markets, first impressions strongly influence how receptive buyers are to a home’s interior and how much flexibility they are willing to extend during negotiations.

Exterior improvements that consistently support return on investment include:

Fresh exterior paint
Updated or enhanced front entry doors
Improved landscaping and proper drainage
Clearly defined outdoor living spaces

Covered patios and functional outdoor areas are particularly valuable in 2026, not as luxury additions, but as practical extensions of everyday living space. Agents who encourage sellers to invest in exterior improvements often see shorter time on market and reduced pricing pressure as a result.

Smart Home Features Buyers Actually Value in 2026

Smart home technology does not need to be elaborate to add value. In 2026, buyers are focused on functionality and reliability rather than novelty or excessive automation.

Features that tend to support market value include:

Smart locks and integrated security systems
Leak detection and automatic water shutoff technology
User-friendly systems built on widely supported platforms

Agents should advise caution with:

Overly complex or difficult-to-manage systems
Proprietary technology that buyers may not understand or trust
Features that require extensive instruction to operate

When positioned correctly, smart home features should be framed as risk-mitigation and convenience enhancements, not as flashy upgrades that complicate ownership.

Maintenance and Preventive Repairs Help Preserve Property Value

Maintenance-focused improvements are often overlooked by sellers, but they play a critical role in protecting a transaction. Real estate agents should ensure these items are addressed early, as they frequently determine the outcome of inspections and negotiations.

High-impact improvements that help reduce renegotiation risk include:

Roof repairs or replacement
Electrical system updates
Plumbing improvements
Drainage corrections and foundation work

While these upgrades may not generate visible excitement, buyers quickly recognize their absence. Addressing them in advance limits buyer leverage during inspections and helps keep negotiations focused and manageable.Top of Form

Today’s buyers are looking for homes that reflect smart investment, proper maintenance, and long-term affordability. Real estate agents who understand these evolving value drivers are better equipped to guide sellers toward smarter investment decisions, position themselves as strategic advisors, and help create smoother, more predictable deals in an increasingly discerning market.

Consumer Guide Update: Seller Checklist: 15 Things to Do Before Every Showing

Fri, 20 Feb 2026 17:20:22 GMT

NAR is pleased to share the latest consumer guide offering sellers 15 essential steps to take before every showing—from picking everything off the floor to wiping fingerprints from the refrigerator. By following these steps, and consulting with an agent who’s a REALTOR®, sellers can maximize their chances of selling their home more quickly and for top dollar.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which offers tips to help buyers avoid deep fake scams in real estate.

Enhancing Your Home's Property Value: Smart Improvements That Pay Off

Wed, 18 Feb 2026 22:55:35 GMT

Whether you’re planning to sell soon or simply want to protect your investment, enhancing your property value is one of the most effective ways to build long-term equity.

As the trusted voice in real estate , our members see firsthand how smart improvements, proactive maintenance, and informed decisions influence how buyers perceive a home. While every property is different, there are proven strategies that consistently support stronger value and smoother sales.

How Does Curb Appeal Affect Property Value in Louisiana?

Curb appeal sets expectations before a buyer ever steps inside. In Louisiana, where heat, humidity, and heavy rain can quickly impact a home’s exterior, upkeep plays an even larger role.

Value-boosting improvements include pressure washing siding and walkways, refreshing exterior paint, maintaining landscaping with proper drainage, and updating exterior lighting and house numbers. These updates are relatively affordable and help signal that a home has been well cared for.

Which Kitchen and Bathroom Updates Add the Most Value?

Kitchens and bathrooms remain two of the most influential areas for buyers. The goal is not always a full renovation, but thoughtful updates that improve function and appearance.

High-impact improvements include replacing dated fixtures and hardware, improving lighting, refreshing cabinets with paint, and choosing moisture-resistant materials. Buyers tend to respond best to spaces that feel clean, current, and move-in ready.

VIEW SELLER RESOURCES

How Can Energy Efficiency Improve Property Value?

Energy efficiency has become a key consideration for many buyers, especially in warmer climates. Homes that help reduce utility costs and improve comfort often stand out in the market.

Sealing windows and doors, adding insulation, installing smart thermostats, and maintaining HVAC systems can all enhance a home’s appeal. These improvements support long-term value while enhancing everyday life.

Why Is Preventive Maintenance So Important for Property Value?

Deferred maintenance can quietly undermine a home’s value. Buyers and inspectors often see unresolved issues as potential risks, even when cosmetic updates are present.

Addressing roof and gutter issues, ensuring proper drainage, fixing plumbing leaks, and resolving electrical or foundation concerns early helps preserve value and avoid surprises during inspections. Well-maintained homes typically move through the selling process more smoothly.

Do Neutral Design Updates Really Help a Home Sell Faster?

Neutral design choices consistently appeal to a broader range of buyers. Light, neutral paint colors , durable flooring, and timeless finishes allow buyers to imagine their own style in the space.

Homes with neutral updates often photograph better, show more consistently, and attract stronger interest across a wider audience.

How Do Local Market Conditions Impact Which Home Upgrades Are Worth It?

Not all improvements deliver the same return in every neighborhood. Pricing trends, buyer expectations, and the surrounding market all influence which upgrades make financial sense.

A real estate agent can help homeowners evaluate which improvements align with their local market , helping them avoid over-improving and focus on updates that truly support value.

What Are the Best Ways to Enhance Property Value?

The most effective approach combines strong curb appeal, strategic updates to key areas, energy efficiency improvements, and consistent maintenance. When these efforts are guided by market knowledge, homeowners are better positioned to protect their investment and maximize results.

Frequently Asked Questions About Enhancing Property Value

Enhancing property value doesn’t require doing everything at once. With thoughtful planning, proactive care, and informed guidance, homeowners can make improvements that support both short-term goals and long-term investment value.

If you’re not sure where to start, consult a knowledgeable, professional real estate agent who understands your local market. They can help you identify which improvements will deliver the greatest return and guide you toward decisions that truly strengthen your home’s value.

2026 Louisiana Housing Market Forecast: Key Trends Agents Must Prepare For

Tue, 10 Feb 2026 18:39:05 GMT

Leading housing economists project a gradual shift toward a more balanced housing market in 2026, driven by modest inventory gains and the potential for lower interest rates to improve buyer affordability.

However, broad forecasts do not close deals. They provide context, not strategy.

Align Pricing Strategy With Local Market Conditions

The agents who will win in 2026 are not the ones quoting national projections. They are the ones who understand exactly what is happening in their ZIP code, their school district, and their specific price tier. Market balance may be returning in the broader context, but conditions on the ground can vary dramatically from one neighborhood to the next.

Buyers and sellers are increasingly aware that real estate is local, and they expect their agent to understand the nuances that broad statistics simply cannot capture. Success this year depends on translating big-picture trends into hyper-local insight and using that knowledge to price accurately, negotiate strategically, and advise clients with confidence .

Master Hyper-Local Market Data for Effective Pricing Strategy

When clients cite trends reported by organizations such as the National Association of Realtors or articles in The Wall Street Journal, those insights provide helpful macro-level context. However, they do not account for neighborhood inventory levels, buyer demand in specific school zones, insurance challenges tied to certain parishes, or the impact of nearby new construction.

An effective pricing strategy in 2026 requires analyzing:

Active and pending listings within a tight radius
True comparable sales , not just price per square foot averages
Days on market segmented by price tier
Concession trends and inspection renegotiations
Seasonal demand patterns within that micro-market

A subdivision with strong relocation activity may support firmer pricing, while a nearby neighborhood with rising inventory could require more aggressive positioning. These distinctions matter.

Use Micro-Market Trends to Avoid Overpricing

Overpricing in a cautious market no longer results in minor adjustments. It often leads to extended days on market , increased buyer skepticism, and greater negotiating leverage for buyers.

Agents who study hyper-local absorption rates, track price reductions in real time, and monitor buyer showing activity can position listings strategically from day one. Instead of relying on outdated assumptions about appreciation, successful agents ground their recommendations in current neighborhood performance.

The difference between a home that sells in three weeks and one that lingers for three months often comes down to how well pricing aligns with local demand, not national optimism.

Strengthen Negotiation Strategies with Local Market Insights

Understanding local market conditions also shapes negotiation strategy . For example:

In neighborhoods where inspection requests are trending higher, proactive pre-listing repairs may preserve leverage.
In areas with rising insurance premiums, anticipating buyer concerns early can prevent contract fallout.
In price brackets where inventory is tightening, sellers may have room to limit concessions.

Local insight informs every stage of the transaction, from marketing timelines to contract structuring.

Build Client Confidence Through Market Expertise in 2026

Consumers can access data on their own. What they cannot access as easily is interpretation. In 2026, agents who succeed are those who translate raw numbers into clear guidance:

What does this mean for my pricing?
How strong is buyer demand right now in my neighborhood?
Should we list immediately or wait?
How competitive will we need to be during negotiations?

When agents demonstrate command of hyper-local conditions, they build confidence and reduce friction throughout the transaction. Listings are priced more strategically. Buyers make more informed offers. Contracts are less likely to unravel under pressure.

The 2026 Louisiana housing market will not reward guesswork, hype, or recycled national talking points. It will reward discipline, data, and local mastery. Agents who adapt their pricing strategy, sharpen their negotiation skills, and confidently interpret local market conditions for their clients will be able to separate themselves from the competition.

Insights for this blog were taken from the following articles:

https://www.nar.realtor/magazine/real-estate-news/nar-2026-forecast-summit-predicts-positive-recovery-with-regional-affordability-hurdles

https://www.realtor.com/research/2026-national-housing-forecast/

Consumer Guide Update: Are You Ready to Invest in Real Estate?

Fri, 06 Feb 2026 17:17:10 GMT

NAR is pleased to share the latest consumer guide offering clients factors to consider when deciding whether real estate investment is right for them. The guide’s nine questions will help potential buyers think through the investment decision with the help of a real estate professional who’s a REALTOR®.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, a checklist of 15 things sellers should do before every showing.

Temple Provides Update on Fortified Roof Benchmark Discounts

Thu, 05 Feb 2026 22:37:28 GMT

From the Louisiana Department of Insurance:

Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations.

“With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.”

Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark.

Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.

Big Savings on the Supplies You Use Every Day

Thu, 29 Jan 2026 16:47:04 GMT

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Understanding How Debt Can Affect You When Applying for a Mortgage

Fri, 23 Jan 2026 22:29:28 GMT

Having debt doesn’t automatically disqualify you from buying a home . Plenty of buyers have student loans, car payments, or credit cards, and still close successfully.

What does derail transactions isn’t debt itself. It’s realizing halfway through the process that your buying power isn’t what you thought it was.

Understanding how debt affects your mortgage approval isn’t just helpful; it’s deal protection. Most buyers assume lenders only care about income and credit score. Debt is often treated like an afterthought.

But debt directly affects:

How much house you qualify for
What loan programs are available
How competitive your offer can be
Whether your deal survives underwriting

Here’s what buyers need to know before they fall in love with a house they can’t comfortably afford.

How Do Lenders Assess Debt When Applying for a Mortgage?

Your lender will look at your debt-to-income ratio (DTI) to determine your ability to manage monthly payments. DTI is the percentage of your gross monthly income that goes toward debt payments.

While buyers tend to focus on interest rates and purchase price, lenders are watching this number closely from the very first conversation through final underwriting.

What Do Lenders Consider to be Debt or Not?

When lenders talk about debt, they’re focused on monthly obligations . But not everything you pay monthly is considered debt for mortgage qualification purposes.

Debt includes:

Auto loans
Student loans (even deferred ones)
Credit cards (minimum monthly payments)
Personal loans
Lines of credit
Co-signed loans (yes, even if “someone else pays it”)

Commonly overlooked debts:

Buy-now-pay-later plans
Business debt that shows on personal credit

Everyday living expenses, such as utilities, groceries, phone bills, childcare, or regular savings contributions, aren’t considered debt by lenders and don’t factor into your mortgage approval.

However, just because these costs aren’t counted doesn’t mean they’re optional. From a real-world budgeting standpoint,

they matter a lot.

These expenses determine how comfortably you can live once the mortgage payment is added to the mix. Buyers who ignore them often find themselves feeling stretched, even if they technically qualify on paper.

How Debt Impacts How Much House You Can Comfortably Afford

Debt doesn’t just affect mortgage approval; it affects comfort.

Most buyers only hear “You’re approved up to X amount” and assume that number represents a comfortable, realistic budget. In reality, that figure often reflects the maximum a lender is willing to approve, not the amount that makes sense for your day-to-day life.

That maximum approval assumes nothing changes: no new debt, no rising living expenses, no unexpected costs. Even a small shift, such as a higher insurance quote or a slightly larger loan payment, can push the DTI ratio too high or to a level that is uncomfortable for buyers when all of your monthly obligations are factored in.

There’s a massive difference between being approved and being comfortably approved. The second one leads to better decisions.

Assess Debt Before You Start House Hunting

If you’re 3 - 6 months out from buying, review your debt to assess how it may affect your mortgage approval and get a better understanding of what you can comfortably afford.

Helpful steps to take include:

Talk to a lender early, preferably before browsing listings
Avoid new credit unless absolutely necessary
Ask whether paying down debt actually improves your scenario
Keep credit card balances low relative to limits
Be honest about co-signed or shared obligations

A coordinated plan between buyer, lender, and agent almost always leads to a smoother experience.

How a Real Estate Agent Can Help You Navigate Debt During the Homebuying Process

Working with a knowledgeable Real Estate Agent can help manage expectations and keep transactions intact.

That includes:

Working closely with lenders to align numbers and goals
Setting realistic price ranges before showings
Helping buyers understand trade-offs between price, debt, and comfort
Keeping deals on track when financial questions arise mid-transaction

When everyone is on the same page early, surprises are rare, and closings are far less stressful.

The smartest homebuyers aren’t the ones with zero debt. They’re the ones who understand their numbers before the first showing .

If you’re thinking about buying, start with clarity, not listings. The right agent and lender will help you build a plan that works in the real world, not just on paper.

Consumer Guide Update: Thinking of Selling? 7 Factors to Consider

Fri, 23 Jan 2026 16:29:12 GMT

NAR is pleased to share the latest consumer guide offering homeowners factors to consider when deciding whether to sell their home. The guide includes seven discussion points to help potential sellers think through the decision with the help of a real estate professional who’s a REALTOR®.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which will look at factors to consider when deciding whether to purchase real estate as an investment.

Standing Out in the Real Estate Industry: Goals Agents Can Set to Build Trust

Thu, 15 Jan 2026 01:55:30 GMT

The real estate industry doesn’t need louder voices in 2026; it needs clearer ones. Buyers and sellers are more cautious, more skeptical, and far more educated than they were a few years ago. They’re also exhausted by hot takes, half-truths, and social media “experts” who have never written a contract in their life.

If you want to set yourself apart in 2026, your goals shouldn’t just focus on volume. They should focus on trust, specialization, experience, and local credibility. Here’s how to do exactly that.

Build Your Reputation as a Knowledgeable Market Insider

Goal: Become the agent people trust for clarity, not hype.

Most consumers aren’t confused because they lack information. They’re confused because they’re getting too much of it, and most of it conflicts. This is where standout agents step in.

Instead of repeating headlines or manufacturing urgency, position yourself as a knowledgeable voice who explains what’s happening and why it matters.

That means committing to consistent market education, such as:

Monthly “what’s actually happening in the market” updates that explain trends in plain English
Explainer content that debunks Zillow estimates, TikTok real estate myths, and outdated advice
Quarterly buyer or seller workshops, either virtually or locally, that walk people through the process step by step

When clients understand the why behind pricing, timelines, and negotiations, they make better decisions, and they trust you more in the process.

Specialize in One Niche Instead of Chasing Everyone

Goal: Be the agent for a specific audience.

Trying to market yourself to everyone usually results in connecting with no one. Agents who stand out focus on serving a clearly defined group exceptionally well.

Choosing a niche sharpens your messaging, improves your systems, and attracts clients who already feel understood before the first call.

Strong niche opportunities include:

First-time buyers managing student loan debt and affordability concerns
Downsizers and retirees navigating equity, timing, and lifestyle changes
Relocation and corporate buyers who value efficiency and local expertise
Investors operating within specific price points or property types

This shift toward specialization aligns with broader industry trends reflected in National Association of Realtors research: today’s consumers want agents who understand their situation, not just the market in general. They want to hire problem-solvers with relevant experience.

When your marketing speaks directly to one audience, the right clients lean in, and the wrong ones quietly step aside.

Focus on Providing an Exceptional Client Experience

Goal: Deliver an experience clients talk about long after closing.

In a crowded market, the transaction itself isn’t what sets you apart. The experience does.

Agents who consistently stand out set intentional standards around communication , expectations, and education. That includes:

Clear response-time expectations and consistent update schedules
Buyer and seller roadmaps that outline each phase of the transaction before it starts
Proactive education that prevents surprises, stress, and last-minute confusion

But the experience shouldn’t end at the closing table.

Follow-up that goes beyond a thank-you gift, like checking in, providing value, and staying relevant, can turn one-time clients into repeat business and referrals.

Spoiler alert: referrals don’t come from contracts; they come from how people felt working with you.

Strengthen Your Local Authority, Not Just Online Presence

Goal: Be known in your community, not just on social media.

A strong online presence matters, but real estate is still deeply local. Trust is built where people live, not just where they scroll.

Agents who set themselves apart invest in local authority by:

Partnering with local businesses and service providers
Sponsoring neighborhood events, school programs, or community initiatives
Creating hyper-local content focused on schools, developments, zoning updates, and neighborhood changes

National platforms or viral videos can’t replicate this type of local authority. It proves to clients that you’re not just selling homes in the area; you’re invested in the community.

Local always beats viral when it comes to real estate trust.

Standing out as a Real Estate Agent isn’t about louder marketing, trend-chasing, or pretending every market shift is “great news.” It’s about being the agent clients trust when things feel uncertain, and the professional they recommend when the dust settles.

Agents who set intentional goals around education, specialization, client experience, and local authority don’t just win transactions. They win confidence. They earn loyalty. And they build businesses that aren’t dependent on market conditions to succeed.

Consumer Guide Update: How to Make Your Home More Energy Efficient

Fri, 09 Jan 2026 16:08:55 GMT

NAR is pleased to share the latest consumer guide offering guidance for homeowners facing high utility bills. The guide shares smart upgrades and practices to make your home more energy efficient, reduce monthly costs and encourage owners to consult with an agent who’s a REALTOR®.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which will look at factors to consider when deciding whether to sell your home.

CALL FOR NOMINATIONS: Region 10 RVP

Sun, 04 Jan 2026 14:47:57 GMT

Louisiana REALTORS® is accepting applications for the 2028 Region 10 RVP on the National Association of REALTORS® Board of Directors to be voted on by the Board of Directors of Louisiana REALTORS® on Wednesday, March 4, in Bossier City, Louisiana. Eligible candidates can submit the application at the link below by Monday, February 16, 2026, by 5:00 p.m. to be considered for this position.

Selected applicant will then proceed through the candidate background process with NAR, and elected by the NAR Board of Directors in October.

For questions or if you need assistance, please contact Norman Morris, CEO.

Real Resolutions: Setting Goals for Sustainable Growth as a Real Estate Agent

Fri, 02 Jan 2026 03:11:36 GMT

January is a natural reset for real estate professionals . New goals are set with the intention of creating better results, stronger systems, and more balance.

However, the difference between a resolution that delivers results and one that fades by spring often comes down to execution.

These are the core resolutions every agent should consider, and the common pitfalls that arise when they are overlooked.

Resolution #1: Set Clear Activity-Based Goals

Why it matters:
Without activity-based goals, income targets become vague and difficult to execute. Agents who skip this step often spend the year reacting instead of intentionally building momentum.

Defining how many conversations, appointments, and transactions are required provides structure and keeps progress measurable throughout the year.

Resolution #2: Limit Focus to a Few Core Priorities

Why it matters:
Failing to prioritize often leads to chasing too many initiatives at once. When attention is spread across too many goals, results tend to be inconsistent and difficult to evaluate.

Focusing on a small number of priorities allows for stronger execution and clearer progress tracking.

Resolution #3: Use Past Performance to Guide Future Goals

Why it matters:
Ignoring historical data can result in unrealistic expectations and unsustainable growth plans. Without a clear understanding of previous performance, agents may underestimate the time and systems required to support higher production .

Reviewing prior results ensures goals are grounded in reality and aligned with capacity.

Resolution #4: Build Systems to Support Every Goal

Why it matters:
Relying on motivation alone often leads to inconsistency. When systems are not in place, progress slows as soon as motivation fades.

Repeatable processes such as CRM workflows and marketing calendars help maintain momentum regardless of energy levels or market conditions.

Resolution #5: Align Goals With Current Market Conditions

Why it matters:
Goals that fail to account for shifting market conditions can quickly become misaligned. Without flexibility, agents may find themselves pursuing strategies that no longer fit buyer or seller behavior.

Regular review and adjustment keep goals relevant and achievable.

Resolution #6: Set Goals That Respect Personal Capacity

Why it matters:
Goals that ignore personal limits often lead to burnout, reduced service quality, and long-term dissatisfaction. Overextension can undermine both performance and client experience .

Sustainable goals protect time, energy, and consistency.

Resolution #7: Break Annual Goals Into Quarterly Benchmarks

Why it matters:
Annual goals without interim checkpoints reduce urgency and delay necessary adjustments. Waiting until year-end to assess progress limits the opportunity to correct course.

Quarterly benchmarks provide accountability and maintain forward momentum.

Resolution #8: Commit to Tracking Key Metrics Consistently

Why it matters:
Without regular tracking, it becomes difficult to identify problems early or understand what is driving results. Avoiding the numbers often leads to missed opportunities and reactive decision-making.

Tracking a core set of metrics provides clarity and direction.

Resolution #9: Include Client Experience in Goal-Setting

Why it matters:
Focusing exclusively on volume can weaken service quality and limit referrals. Client experience plays a critical role in long-term business growth and reputation .

Incorporating service benchmarks ensures growth does not come at the expense of trust or relationships.

Resolutions That Lead to Real Results

Finding success in real estate does not come from setting goals alone, but from executing them consistently. Effective goal-setting requires clarity, structure, and regular evaluation. When agents commit to these resolutions, growth becomes more predictable, manageable, and sustainable throughout the year.

Top Homebuyer Myths You Need to Stop Believing Before You Start House Hunting

Fri, 19 Dec 2025 23:26:54 GMT

When today’s buyers start their home search, they usually come prepared with excitement, enthusiasm… and a surprising amount of misinformation. Between social media “experts,” outdated advice from friends, and internet rabbit holes, myths spread fast, and they can derail a solid deal if they’re not addressed early.

Here are the most common misconceptions buyers bring to the table, and the realities every agent wishes they understood from the start.

Myth #1: “We don’t have enough money for a down payment .”

Reality: Most buyers purchase with 3–5% down, and many qualify for 0% down through VA or USDA loans.

Years ago, putting 20% down was more common because lending rules were different and loan programs were limited. Today, buyers have far more flexible options.

Conventional loans may require as little as 3% down. FHA loans start at 3.5% down. And eligible buyers using VA or USDA programs can purchase a home with no money down at all.

Myth #2: “We’ll wait for rates to drop.”

Reality: Perfect timing rarely exists, but the right home does. Interest rates fluctuate constantly, and trying to predict the ideal moment to enter the market when rates drop is a losing game.

Here’s what buyers often miss: If the right home hits the market in the right location, at the right price, with the features you truly want, then hesitating over a fraction of a percentage point can cost more than it saves. Home prices, competition, and local inventory shifts can impact affordability just as much as rates do.

Agents often recommend purchasing the home that fits your life now, and refinancing later if rates drop. Refinancing is a normal part of homeownership, and plenty of buyers use it to improve their long-term financial picture once the market shifts.

Myth #3: “New construction doesn’t need an inspection.”

Reality: New homes need inspections just as much as older ones, and in some cases, even more.

“Brand new” doesn’t mean “flawless.” It means the house was built recently by humans, and humans occasionally miss things. Even the best builders with great reputations can overlook small but important details during the construction process, like wiring issues, improper drainage, or insulation gaps. A third-party inspection ensures that buyers catch any problems before closing , saving money (and headaches) down the road.

Myth #4: “My credit score is fine.”

Reality: Credit apps are great for giving you a general sense of where you stand, but they’re not using the same scoring models lenders use. They can often be off by 20-40 points, which can affect loan programs, interest rates, or even approval itself.

A buyer who thinks their credit is “good enough” may discover late in the process that their real score puts them in a higher rate bracket or disqualifies them from certain low-down-payment options.

This is exactly why agents push buyers to get professionally preapproved early. A lender will pull all three credit bureaus, verify income and debt, and give you a true picture of your buying power. No guessing. No surprises.

Myth #5: “Zestimates are accurate.”

Reality: Automated estimates are just that, automated. Zestimates and other online home value tools are fun to look at, but they’re built on algorithms, not actual knowledge of your neighborhood or market conditions . They pull from public data, tax records, and broad regional trends, none of which tell the full story of an individual property.

Agents use real data, comparable sales, and on-the-ground experience to determine value accurately when pricing a home or determining an offer strategy.

Homebuying is a big decision, and the right agent does far more than open doors. They make sure buyers understand the process, the market, and the realities behind the noise to keep everything moving in the right direction. If you’re considering entering the market, find a knowledgeable real estate agent who can help you navigate all the nuances that come with purchasing a home.

Commissioner Tim Temple Announces SureChoice and Elevate Homeowners Rate Decreases

Fri, 12 Dec 2025 16:27:45 GMT

From the Louisiana Department of Insurance:

Commissioner Tim Temple has approved SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate Reciprocal Exchange’s requests for a 7.5% average rate decrease on the companies’ 73,000-plus homeowners policyholders and 17,000-plus dwelling policyholders. SURE is the second largest homeowners insurer in Louisiana and writes approximately 8% of the market. The change takes effect on Feb. 16, 2026. Rate changes are statewide averages, so each policyholder’s rate change will vary based on their individual risk.

SURE indicated its decreases are primarily driven by a reduction in reinsurance costs. Reinsurance is essentially insurance that insurance companies buy to protect against catastrophic losses. Many Louisiana homeowners insurance companies buy reinsurance to protect against severe losses caused by a hurricane or named storm.

“Since taking office, I’ve met several times with reinsurers to determine how we can encourage them to invest more capital in the Louisiana homeowners market, as well as how we can reduce the risk—and the cost—associated with that investment,” said Commissioner Temple. “Reinsurers consistently brought up the need for Louisiana to amend the three-year rule, clarify our catastrophe claims process and put far more emphasis on resilience and mitigation programs. While we still have a long way to go before all Louisianans can benefit from these changes, we have made great strides and are beginning to see the results of our hard work.”

Consumers may review all property and auto rate filings online with the Louisiana Department of Insurance’s new user-friendly rate filing search tool .

Consumer Guide Update: Can’t Pay Your Mortgage? You Have Options

Fri, 12 Dec 2025 15:15:16 GMT

NAR is pleased to share the latest consumer guide offering guidance for homeowners facing financial hardships. The guide shares immediate steps to take if you’ve missed a mortgage payment, including contacting your mortgage servicer to learn about various mortgage relief options, and encourages owners to consult with an agent who’s a REALTOR®.

For ease of reference, below is a list of the most recent guides:

Be on the lookout for the next consumer guide, which will offer energy efficiency tips.

Market-Proof Your Real Estate Business With These 5 Foundational Systems

Fri, 12 Dec 2025 00:12:14 GMT

Real estate is an industry defined by change. Market fluctuations, shifting interest rates, economic uncertainty, and seasonal slowdowns can challenge even the most experienced agents. While you can’t control the market, you can control how well your business is prepared for it.

The most resilient and consistently successful agents share one common trait: they rely on well-designed business systems, not market momentum. These systems create structure, predictability, and long-term stability no matter what the market is doing.

Below are five foundational systems every real estate professional should build and refine to ensure durability in any market environment .

1. Build a Predictable and Sustainable Lead Pipeline

A strong pipeline is the foundation of a stable real estate business. Instead of relying on seasonal spikes or unpredictable lead surges, top-performing agents intentionally cultivate a variety of lead sources, including:

Past clients and sphere of influence
Local partnerships and community involvement
Referral networks (lenders, builders, insurance agents)
Social media and educational content
Monthly or quarterly market updates

Consistency is key. Establishing a weekly rhythm for outreach, reviewing your conversations-to-appointment ratios, and tracking progress helps ensure your pipeline remains active year-round.

2. Implement Marketing Strategies That Endure Through Market Cycles

Marketing should operate continuously, not only when business slows down. A consistent, value-driven marketing strategy builds trust, establishes authority, and keeps your name top-of-mind for future clients.

Effective long-term marketing includes:

Consistent social media presence , especially video
Monthly email newsletters
Local content and market insights
Community-based engagement
A structured content calendar to guide your posting schedule

This approach ensures you're visible, relevant, and providing value even when the market shifts.

3. Strengthen Lead Management to Maximize Conversion Rates

Many agents don’t struggle with generating leads. They struggle with managing them. Without a structured system, follow-up becomes inconsistent, and potential clients slip through the cracks.

A comprehensive lead management system should include:

A CRM with automated reminders and workflows
Lead categorization (hot, warm, cold)
Follow-up scripts tailored to each lead category
Long-term nurturing for leads not ready to buy or sell
Automated check-ins for inactive contacts

Research shows that the majority of conversions happen after multiple follow-ups. A disciplined lead management process significantly improves conversion rates without requiring additional lead spend.

4. Establish Financial Systems That Support Long-Term Stability

Financial organization is an essential component of running a true business, not just a sales operation. Clear financial systems provide clarity, protect profitability, and help you plan for slower seasons.

Your financial setup should include:

Separate business and personal accounts
Monthly reviews of income, expenses, and profitability
Automated savings for taxes
A defined marketing and reinvestment budget
Tracking cost per lead and cost per closed transaction

By understanding your financial performance, you gain the ability to make informed decisions based on data rather than uncertainty.

5. Deliver a Consistent, High-Quality Client Experience

A refined client experience system is one of the most effective ways to generate repeat and referral business. Exceptional service not only leads to strong relationships. It builds long-term loyalty.

A systemized client experience may include:

A clear onboarding process
Defined communication expectations
Transaction milestones and proactive updates
Branded touchpoints or “signature” experiences
A structured follow-up plan for 12–36 months post-closing
Regular client care touches such as annual check-ins, holiday outreach, and homeownership tips

A memorable, professional experience encourages clients to return and refer others, creating a stable business that is less dependent on market conditions.

Building a market-proof real estate business doesn’t happen overnight. It happens by intentionally developing and refining systems that support consistency, client satisfaction, and financial health.

By strengthening these five foundational systems, you create a business that is predictable, resilient, well-positioned for long-term success, and able to thrive in any market cycle.

Market Preparedness for Real Estate Agents: How to Educate Your Clients Before They Start Home Shopping

Thu, 04 Dec 2025 21:21:50 GMT

If you’ve been in real estate longer than five minutes, you already know: the smoothest transactions start way before the house hunt ever begins. The buyers who show up preapproved, informed, and realistic? Those are the dreams. That’s why educating clients before they start home shopping isn’t just good service; it’s self-preservation. Here’s how to get ahead of the chaos and create confident, prepared buyers from day one.

Mortgage Preapproval Should Be Your Buyer’s First Step

Let’s be clear from the start: buyers should obtain a preapproval before they begin scheduling showings, not afterward, and not only once they find a home they like. Preapproval is the essential first step in a well-prepared home search .

Most consumers confuse prequalification with preapproval, but the two aren’t the same. Prequalification offers only a surface-level estimate, while a true preapproval provides verified financial details, clearly defining a buyer’s purchasing power and demonstrating to sellers that they are serious and well-prepared.

Why this matters so much:

It prevents heartbreak when they fall in love with a home outside their true price range.
It strengthens their offer in a competitive market.
It gives them clarity on monthly payments, loan types, and cash-to-close .

Breaking Down the True Timeline of a Home Purchase vs. TV Expectations

Thanks to the influence of popular renovation shows, many buyers assume the process moves quickly, from deciding they’re ready to buy to being fully moved in, with the time it takes the show to have a commercial break.

Here’s where you step in.

Walk buyers through what the actual process looks like:

Consultation
Preapproval
Home search
Offer + negotiations
Inspection period
Appraisal
Underwriting
Closing

Explain how long each phase usually takes in your market. Spell out what can slow things down, such as repairs, appraisal gaps, incomplete paperwork, lender delays, and title issues. Once clients understand the moving parts, they’re less likely to panic when everything doesn’t move at light speed.

Setting Buyer Expectations Early Leads to Smoother Transactions

Well-prepared clients make more informed decisions, which leads to stronger contracts, smoother negotiations, and significantly fewer unnecessary complications throughout the process.

What They Can Actually Afford

Buyers hyper-focus on the home price, but it’s the monthly payment that really matters. Break it down for them:

Taxes
Insurance
PMI
HOA
Utilities
Maintenance and repairs

Once they see the real numbers, they make decisions with fewer surprises.

Helping Buyers Navigate the Current Housing Market

Let them know whether they’re walking into a competitive market , a balanced one, or something softer. Explain:

Days on market
Supply and demand
Typical negotiation wiggle room (or lack of it)
How fast they’ll need to make decisions

No one likes hearing “You need to make an offer today,” but if that’s the reality, preparing them early helps.

Creating a Smooth Buyer Experience Through Effective Communication

Set expectations about how you will communicate with your buyers . Let them know:

How often you’ll check in
Your preferred communication method
What requires an immediate response
What’s normal vs. what’s a red flag

Clarity cuts down the chaos.

Explaining Your Role as a Real Estate Agent to New Homebuyers

You know you do a lot. You also know clients don’t always know that.

Break down your role clearly:

Market analysis
Offer strategy + negotiations
Contract review
Coordination with lenders, inspectors, and title companies
Keeping deadlines on track
Solving problems before they blow up

When clients understand your value from the start, they trust your guidance, and they follow it.

When buyers are educated before they ever step into a home, the entire process becomes more efficient. The search is more focused, contracts are cleaner, and stress is significantly reduced for everyone involved. Preparing clients early also reinforces your role as a trusted expert .

Invite prospective buyers to schedule a consultation with you, so they can begin their homebuying journey with clarity, confidence, and the right expectations from the very start.

2026 Changes to Purchase Agreement and Property Disclosure

Tue, 02 Dec 2025 22:20:41 GMT

By: Eric Landry, Breazeale Sachse & Wilson, L.L.P.

Louisiana REALTORS® Legal Counsel

Below are highlights of the changes to mandatory forms effective January 1, 2026.

Louisiana Residential Agreement to Buy or Sell: Specific Changes

Overall, several changes were made to re-order the agreement in an effort to have the agreement more closely track the sequence of events in a typical transaction. This resulted in relocation of several sections and corresponding changes to line number references in various places throughout the agreement.

Property Disclosure Document: Specific Changes

Check out more about mandatory forms from LREC.

Consumer Guide Update: 8 Tips for Selling Your Home in Winter

Tue, 02 Dec 2025 15:10:59 GMT

NAR is pleased to share the latest consumer guide offering tips to those selling a home during the winter months. The guide also points out advantages to seasonal sales, including motivated buyers and fewer homes on the market, and encourages buyers to work with an agent who’s a REALTOR®.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, offering guidance to homeowners who find themselves falling behind on their mortgage.

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Mon, 01 Dec 2025 15:53:22 GMT

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Consumer Guide Update: Hiring a Remodeling Contractor

Fri, 21 Nov 2025 15:08:32 GMT

NAR is pleased to share the latest consumer guide about hiring a remodeling contractor. The guide suggests questions clients should ask and red flags to watch out for. It also encourages buyers to work with an agent who’s a REALTOR®, who can guide them in identifying trusted contractors.

As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor. Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which offers tips for selling a home in winter.

Special Report From the November 17, 2025, Board of Directors Meeting

Fri, 21 Nov 2025 15:05:11 GMT

The Wrap on 2025: A Year of Challenge—and Tremendous Progress

The National Association of REALTORS® Board of Directors and Delegate Body meetings on Monday capped off a week of governance meetings, education and networking at NAR NXT, The REALTOR® Experience.

At the Board of Directors meeting, the association’s 2026 officers were installed; NAR Treasurer Craig Sanford presented a report on the association’s financial position; and board members approved recommendations from the Finance Committee, Professional Standards Committee and Leadership Team.

Board Actions

Board members approved four Professional Standards Committee recommendations to modernize the Code of Ethics and bring it into alignment with the 2024 legal settlement:

Amended Article 6 to expand transparency by ensuring that real estate referral fees are disclosed to clients and customers (later narrowly defeated by the Delegate Body).
Amended Article 7 , regarding disclosure of compensation from more than one party, to limit its disclosure and approval requirements to a REALTOR®’s client or clients. (Written agreements with buyers, required under the 2024 settlement agreement, may include compensation from both the buyers and the listing side. The change makes clear that there is no obligation to disclose the contents of a buyer-broker agreement to sellers or their brokers.)
Deleted Standard of Practice 3-4. The SOP’s requirement to disclose a variable rate commission was predicated on a unilateral offer of compensation in the MLS. The elimination of this SOP is another step in modernizing the Code with regard to the settlement practice changes.
Updated the language of Standard of Practice 17-4 to ensure compliance with the tenets of the settlement agreement by reinforcing that compensation awarded in arbitration may not exceed the amount outlined within the terms of the buyer representation agreement.

The Article 7 and Standard of Practice changes go into effect Jan. 1, 2026.

Board members approved BDO USA as the audit and tax services provider for NAR, effective with the 2025 fiscal year audit. Sanford reported that membership stands at 1,491,126 members, 6.5% over the budgeted number for 2025. The projected membership for 2026 is 1.2 million.

Finally, the board approved an amendment to the NAR Constitution to give local and state associations more time to appoint NAR directors. The deadline was extended from Sept. 15 to Oct. 31 of the year prior to service.

Special Recognitions

Directors welcomed the 2025 Distinguished Service Award winners to the stage. The DSAs, named at the REALTORS® Legislative Meetings in June 2025, are Brooke Hunt of Flower Mound, Texas, and Jim Cormier of Blaine, Minn. Hunt thanked all those who contributed to her journey and said, “no one gets here without the support of others.” Cormier said a comment made by an NAR keynote speaker, early in his career, has stuck with him: “You’ll get what you want in life if you help others get what they want.”

NAR 2025 President Kevin Sears gave special thanks to CEO Nykia Wright and San Francisco broker Vince Malta for their leadership. Malta, who was NAR’s 2020 president, stepped back onto the Leadership Team in 2024 to fill a sudden vacancy and remained on the team through 2025.

Sears, a broker from Springfield, Mass., surprised two volunteer leaders with a President’s Award for their extraordinary service in 2025:

Dawn Ruffini of Wilbraham, Mass., chaired the 2025 Strategic Planning Committee
Ezekiel “Zeke” Morris of Chicago served as 2025 REALTOR® Party Director

CEO Nykia Wright closed the meeting with her own thank you. Sears—who stepped into the presidency a year early—is only the second two-term president in NAR’s 117-year history. Wright said she’ll remember him “for carrying the association through its most turbulent and darkest period ... He made the load easier to carry … I’m grateful to have had him along with me on this journey.”

2026 Leadership

At the conclusion of the Board of Directors meeting, the 2026 Leadership Team officially took office. They are:

Leadership Team

Kevin Brown, President (California)Christine Hansen, President-Elect (Florida)Colin Mullane, First Vice President (Oregon)Craig Sanford, Treasurer (Arizona)Kevin Sears, Immediate Past President (Massachusetts)Asa Fleming, VP of Advocacy (North Carolina)Bobbi Howe, VP of Association Affairs (Missouri)

Regional Vice Presidents

Region 1: Michael Hickey (Vermont)Region 2: Nick Manis (New Jersey)Region 3: Christopher Suranna (Washington, D.C.)Region 4: Hagan Stone (Tennessee)Region 5: Keith Henley (Mississippi)Region 6: Ralph Mantica (Ohio)Region 7: Dana Keegan (Wisconsin)Region 8: Brandon Martens (South Dakota)Region 9: Nate Johnson (Missouri)Region 10: Russell Berry (Texas)Region 11: David Barber (Colorado)Region 12: Drew Coleman (Oregon)Region 13: Melanie Barker (California)

Delegate Body Actions

Changes to the NAR’s Constitution and Code of Ethics Articles also require approval by two-thirds of the Delegate Body. Following the board meeting, the Delegate Body met to consider three constitutional amendments and two changes to the Code of Ethics. The Delegate Body:

Approved a constitutional amendment that no fewer than 10% of the Executive Committee be REALTORS® whose primary focus is commercial real estate, as approved by the Board of Directors in November 2024
Approved a constitutional amendment to say that the Executive Committee include a commercial practitioner who has served as chair, vice chair, or liaison of an NAR commercial-related committee or forum for a two-year term, as approved by the Board of Directors in June 2025
Approved extension of the deadline for NAR director appointments, as approved by the Board of Directors at Monday’s meeting
Narrowly defeated the amendment to Article 6 of the Code of Ethics that real estate referral fees be disclosed to clients and customers, a motion approved by the Board of Directors at Monday’s meeting
Approved the amendment to Article 7 of the Code of Ethics regarding disclosure of compensation from more than one party, as approved by the Board of Directors at Monday’s meeting

Executive Committee Actions

The day before the board meeting, NAR’s Executive Committee:

Unanimously approved the 2026-28 Strategic Plan
Approved a set of 18 recommendations to update the Multiple Listing Policy Handbook
Supported a uniform, nationwide adoption of a requirement for community associations to disclose master insurance policies and related documents to buyers
Supported reforms to preserve the long-term viability of the National Flood Insurance Program, including limiting or excluding coverage for properties with excessive flood loss claims
Reaffirmed support for federal tax policies that assist owners whose real and personal property is threatened by, damaged or destroyed by national disasters
Modified NAR’s policy on 1031 exchanges in support of elimination of the 45-day and 180-day rules
Voted to support digital transaction technologies proposed in federal legislation
Approved a new policy on public land use that encourages protection of property rights, sustainable resource use, long-term conservation and ecosystem protection, public access and recreation, science-based management, and local input and decision-making
Approved a new policy in support of financial and other incentives for voluntary private land conservation

Reducing Your Cash to Close: Tips from Real Estate Agents

Thu, 20 Nov 2025 21:47:51 GMT

Your offer has been accepted, your loan is approved, and you’re on your way to owning your new home! The last step before getting the keys is bringing your cash to close on closing day.

This amount includes your down payment and closing costs, which typically range from 2% to 5% of the home’s purchase price. For example, if you’re buying a $300,000 house, you may need an additional $6,000–$15,000 beyond your down payment.

The good news? There are several ways to lower your upfront costs and make homeownership more affordable. A knowledgeable real estate agent can help you explore all your options so you can save money and move into your new home with confidence. Here are some practical ways to reduce your cash to close.

1. Comparison Shop for Services with the Help of Your Agent

When your lender issues your Loan Estimate, look closely at the section labeled “Services You Can Shop For.” This includes things like title insurance, pest inspections, and survey fees.

You’re not required to use the vendors listed on the estimate. You can compare prices from other providers to find better rates. Your real estate agent can help you identify trusted local professionals who provide quality services at fair prices.

2. Let a Skilled Agent Negotiate Seller Concessions

In some cases, you can negotiate for the seller to cover part (or even all) of your closing costs. These are called seller concessions, and they’re a great way to reduce the amount you need to bring to closing.

Every situation is different, and what’s possible depends on your loan type and how competitive the offer needs to be. Your real estate agent can help you explore your options and structure an offer that strengthens your position without pushing you beyond your budget.

3. Explore Lender Credits to Reduce What You Pay at Closing

Some lenders offer what’s called lender credits, which allow you to pay less upfront by agreeing to a slightly higher interest rate on your loan. In return, the lender helps cover part of your closing costs. This can be a smart option if you’re short on cash now and plan to refinance or sell within a few years.

4. Reduce Cash to Close With Down Payment Assistance Programs

There are many down payment assistance and grant programs available through federal, state, and local organizations, especially for first-time homebuyers or those who meet certain income or location requirements.

An experienced real estate professional can point you toward programs that may apply to you and connect you with lenders familiar with these options. Taking advantage of assistance can significantly lower your out-of-pocket costs and make it easier to move forward with your purchase.

5. Save on Prepaid Interest by Closing at the End of the Month

Here’s a simple but effective tip: schedule your home closing near the end of the month. This reduces the amount of prepaid interest you’ll owe, which covers the time between closing and your first mortgage payment.

By shortening that window, you can save a few hundred dollars and every little bit helps when you’re budgeting for a move.

Real Estate Agents Help You Make the Most of Your Homebuying Budget

Buying a home is one of the biggest financial decisions you’ll ever make. By understanding your options and planning ahead, you can reduce your cash to close, minimize stress, and feel confident on closing day.

If you’re preparing to buy or just beginning your search, connect with a knowledgeable real estate agent. The right agent will guide you through each step , introduce you to trusted lenders and service providers, and help you find a home that fits both your lifestyle and your budget.

The Value of Continuing Education for Louisiana Real Estate Agents

Fri, 14 Nov 2025 14:18:54 GMT

The real estate industry never stands still. Market trends shift, technology evolves , and client expectations continue to rise. For real estate professionals, staying relevant means staying educated. Continuing education and professional designations, such as the Graduate REALTOR® Institute (GRI) , help you navigate this changing landscape with confidence.

Investing in your education doesn’t just keep you compliant; it positions you for long-term success. Agents who commit to lifelong learning often see higher earnings, more referrals, smoother transactions, and increased confidence in every client interaction.

Building Professional Excellence Through Ongoing Education

Continuing education is more than a requirement for license renewal. It’s a commitment to excellence. CE courses help agents strengthen their understanding of key topics that shape their business, including legal updates, ethics, marketing, and technology.

When you invest time in professional growth, you show clients and colleagues that you take your career seriously. That effort builds credibility and ensures you’re ready to provide a professional and knowledgeable experience at every stage of the transaction.

Financial Benefits of Earning Real Estate Designations

Education is one of the few investments that continually pays off. According to the National Association of REALTORS® (NAR) , agents who hold professional designations typically earn more income than those who do not.

Designations demonstrate your expertise and trustworthiness . Clients notice that. They want to work with professionals who go beyond the basics. When you invest in your skills, you become the clear choice for buyers, sellers, and referrals. Over time, that credibility leads to more transactions and greater financial stability.

Improve Communication and Client Satisfaction

Real estate transactions can be complex and emotional. Continuing education helps you handle challenges with confidence and skill. Whether you’re negotiating repairs, explaining contract terms, or guiding first-time buyers, knowledge gives you the ability to lead.

Educated agents make fewer mistakes, communicate clearly , and solve problems quickly. This leads to smoother closings and happier clients. That confidence helps your clients feel secure and gives you the foundation to grow your business with purpose.

Knowledge and Credibility Drive Client Loyalty

Clients notice when they’re working with a true professional. Agents who invest in continuing education stand out for their insight, attention to detail, and ability to anticipate issues before they arise.

Those positive experiences turn into repeat business and referrals. When you provide knowledgeable guidance, clients are more likely to recommend you to their friends, family, and colleagues. Over time, your education becomes one of your most powerful marketing tools.

Designations Open Doors for Leadership Opportunities

Earning designations like the GRI, ABR, or SRS builds a foundation that prepares you for future certifications, brokerage leadership, and even roles within professional associations.

Continuing education also broadens your professional network. Through classes, workshops, and events, you’ll connect with peers who share your drive for excellence. These relationships often lead to mentorship opportunities, partnerships, and leadership positions within the industry.

Continuing Education Builds Long-Term Success for Real Estate Agents

It’s easy to think of continuing education as another professional expense, but the truth is, it’s an investment that compounds over time. Each new skill you learn adds value to your business, your clients, and your confidence.

When you prioritize professional growth, you’re not only improving your career but also building a reputation as a trusted, knowledgeable expert who clients can count on.

In today’s competitive real estate market, the most successful professionals are those who keep learning. Designations and continuing education courses provide the tools, knowledge, and credibility you need to build a lasting career.

If you’re ready to sharpen your skills, grow your business, and reach new goals, explore the designation and CE courses available through Louisiana REALTORS® and take the next step toward becoming the best version of yourself professionally and personally.

Advance Your Real Estate Career in Louisiana with the Graduate, REALTOR® Institute Designation

Thu, 06 Nov 2025 21:05:46 GMT

In today’s real estate market, success requires more than motivation and a friendly smile; it demands knowledge, professionalism , and a deep understanding of every facet of the business. Whether you’re helping first-time homebuyers or marketing luxury properties, clients expect expertise at every step.

That’s where the Graduate, REALTOR® Institute (GRI) designation comes in. Recognized nationwide, this advanced education program helps real estate professionals strengthen their skills, gain credibility, and set themselves apart as trusted industry leaders.

What Is the GRI Designation?

The Graduate, REALTOR® Institute (GRI) is a professional development program established by the National Association of REALTORS® (NAR) to give real estate professionals a deeper understanding of both technical and practical aspects of real estate.

Designed for agents who want to elevate their expertise beyond the basics of licensing, the GRI designation covers a wide range of subjects, from negotiation and market analysis to lead generation and pricing strategy. Earning the GRI designation shows clients and colleagues that you are committed to continuous learning and providing the highest level of service.

While GRI courses are recognized nationally, they are customized by each state to reflect local laws, regulations, and market trends, making the Louisiana GRI program especially relevant for agents serving this unique market.

Designations Build Real Estate Knowledge and Confidence

The GRI program provides instruction in the essential areas that drive real estate success. Topics include:

Legal and Regulatory Issues – Understand Louisiana-specific real estate laws, disclosure requirements, and contracts.
Business Development and Marketing – Learn how to attract and retain clients through modern, ethical marketing strategies .
Professional Standards and Ethics – Gain insight into NAR’s Code of Ethics and how it shapes trusted relationships.
Contracts, Negotiations, and Risk Management – Master the details that protect your clients and your business.

Each course builds practical knowledge that can be applied immediately in your daily business, helping you serve clients more effectively and confidently .

Understanding the Louisiana GRI Curriculum and Its Benefits

In Louisiana, earning your GRI designation requires completing 12 credits, totaling 96 hours of instruction through courses designed specifically for our state’s real estate professionals. The curriculum provides a solid foundation of skills that make you more confident and effective in the field.

Louisiana REALTORS® has partnered with Dynamic Directions to offer designation classes throughout the year. Many sessions are available in both in-person and online formats, making it easier for busy agents to participate.

Whether you’re just starting your career or have years of experience, the Louisiana GRI program is designed to fit your schedule and help you advance at your own pace. It also serves as a stepping stone to advanced designations such as the Certified Real Estate Brokerage Manager (CRB) or the Certified International Property Specialist (CIPS), making it an ideal first step for anyone looking to elevate their career.

Invest in Your Professional Growth with Continued Education

Earning the GRI designation isn’t just about adding letters after your name; it’s about demonstrating a lasting commitment to excellence, education, and ethical practice.

When you invest in your professional growth , your clients notice. You become more than an agent; you become a trusted advisor who guides people through one of life’s biggest decisions with confidence and care.

Ready to elevate your expertise? Learn more about the Louisiana GRI program and start your journey toward becoming a more knowledgeable, credible, and respected real estate professional.

Consumer Guide Update: Real Estate Contract Contingencies

Fri, 31 Oct 2025 16:28:33 GMT

NAR is pleased to share the latest consumer guide about contract contingencies and clauses that buyers and sellers may encounter in a real estate transaction. The guide defines common contingencies and clauses and helps consumers understand what happens if the terms aren’t fulfilled.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which focuses on working with a remodeling contractor.

Louisiana’s 2025 First Extraordinary Session

Thu, 30 Oct 2025 18:25:31 GMT

2025 Extraordinary Legislative Session Wrap-up

At the call of Governor Landry, the Louisiana Legislature convened a three-week extraordinary session beginning Thursday, October 23. While adjournment was scheduled for no later than 6:00 pm on Thursday, November 13, 2025, the work of this session has been completed and the House and Senate adjourned Sine Die on Wednesday, October 29, 2025.

During this first extraordinary session of 2025, legislators were tasked to address 2026 election plans, with the top item from the Governor being “To legislate relative to the election code, election dates, election deadlines, and election plans for the 2026 election cycle, and to provide for the funding thereof if necessary.”

During this session, two bills were passed by legislators and sent to the Governor for executive approval. SB 1 provides for adjustments regarding certain elections held in calendar year 2026, and SB 2 changes election dates for the spring 2026 statewide election for submission of proposed constitutional amendments.

The passage of these bills, upon signature by the Governor, will shift the closed party primary scheduled for April 18 to May 16. This date shift is also applicable to the five constitutional amendments vote. Also, there will be a date shift for the party primary runoff, from May 30 to June 27. The candidate qualifying opening date will also shift from January 14 to February 11.

The legislative actions this extraordinary session are in response to the pending decision from the United States Supreme Court regarding the U.S. House map for Louisiana’s six districts.

PAR Louisiana has provided commentary pertaining to the work of redistricting and the switch to closed primaries here .

Please be sure to reach out to your Louisiana REALTORS® staff with any questions. We appreciate the opportunity to serve you!

Why Real Estate Professionals Must Stay Current with Technology

Fri, 24 Oct 2025 13:45:30 GMT

Technology is transforming the real estate industry at lightning speed. Today’s buyers and sellers expect a seamless, digital-first experience, and real estate professionals who embrace modern tools gain a major competitive edge. From AI-powered insights to immersive property tours, the right technology makes transactions faster, easier, and more client-focused.

Technology Matters in Real Estate

Most homebuyers now begin their search online, often before ever contacting an agent. They research neighborhoods, compare mortgage options, and explore listings from the comfort of their phones or laptops. By the time they reach out to a professional, they’ve already formed expectations about what the process should look like.

For agents, staying current with technology isn’t just about convenience; it’s about survival in a competitive industry. A strong digital presence and the ability to deliver accurate, interactive experiences show clients that you understand their needs and can guide them with confidence.

Here’s how technology creates an advantage for today’s real estate professionals:

Build trust faster: Clients are more confident in agents who use tools like market analysis software, mortgage calculators, and virtual tours.
Streamline the process: Digital contracts, e-signature apps, and scheduling platforms eliminate unnecessary delays and paperwork.
Stay competitive: A polished social media presence, immersive property videos, and targeted online ads help agents stand out in crowded markets.
Expand your reach: Online marketing and virtual showings attract relocation clients and investors who may never visit in person until closing.

In short, technology has become one of the most powerful tools for building relationships, simplifying transactions, and ensuring client satisfaction. Real estate professionals who embrace these tools position themselves as trusted experts in an ever-evolving market.

Essential Technology Tools for Real Estate Agents

To get the most out of technology, it’s important to focus on tools that directly improve the client experience and streamline your workflow.

Some of the most impactful include:

Virtual showings and 3D tours: Virtual home tours , drone photography, and detailed floor plans let buyers explore properties anytime, anywhere. These tools save time and attract more qualified buyers, especially out-of-town clients.
Data-driven platforms: Customer Relationship Management (CRM) systems, lead-tracking tools, and market analysis software give agents deeper insights into client behavior and local trends. This helps you provide accurate advice and close deals more efficiently.
Social media marketing: Platforms like Instagram, Facebook, LinkedIn, and TikTok are powerful lead-generation engines . Consistently posting engaging content, highlighting listings, and showcasing your expertise positions you as a go-to resource in your market.
Mobile-friendly apps: Tools for e-signatures, document sharing, and scheduling keep transactions moving quickly while improving communication with clients on the go.

Enhancing Client Relationships Through Smart Tech Use

While technology can make your business more efficient, it should never replace the personal relationships at the heart of real estate. The best agents use technology to enhance, not overshadow, the human side of the transaction.

By mastering these tools, you can deliver a smoother, more professional experience while maintaining the trust, empathy, and guidance your clients value most. In doing so, you’ll not only keep pace with a digital-first world but also set yourself apart as a forward-thinking, resourceful real estate professional.

Consumer Guide Update: Understanding Condo Ownership

Fri, 17 Oct 2025 16:25:41 GMT

NAR is pleased to share the latest consumer guide that is ideal for first-time buyers and empty nesters. It explains the differences between condominium and single-family ownership and the due diligence recommended before purchasing a condo.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which focuses on understanding seller and buyer contract contingencies.

2025 Fall Governance Meetings Recap

Fri, 17 Oct 2025 14:47:54 GMT

Louisiana REALTORS® wraps up 2025 and looks forward to 2026!

Louisiana REALTORS® gathered in Baton Rouge from October 7–8 for the 2025 Fall Governance Meetings, a dynamic two-day event filled with professional development, strategic planning and member engagement.

The day before the conference offered the conclusion to the 2025 LR Leadership Program with participants graduated from the yearlong program after a half-day session. The 2025 graduates include: Torri Byrd, Shawn Carter, Bradley Cook, Stefany Deroche, Mignon Richard Díaz, Alfra Dixon, Thaddeus Dixon, Glen Elliott, Yvonne Graham, Charlotte Johnson, Michelle LaBanca, Slagle McGuffee, Ellen Monroe, Matt Noel, Ros Pack, Tiffany Pellerin, Latonia Riggs, Shannon Rodi Nash, Trish Skellham, Rebecca Slone and Charlotte St. Romain.

Additionally, a sold-out, full-day AI-Powered Real Estate Professional Certification course led by industry expert Matthew Rathbun blew away attendees and had them leaving the session with such invigoration.

The first official day of the conference held focus on professional development and networking. Tuesday opened with an informative session entitled Professional Liability 101 from Rice Insurance Services Center, offering critical insights into E&O and risk management. RPR's session brought a wealth information to attendees and offered a hands-on learning experience for the tools offered online. Targeted sessions like the Local AE Meeting and the YPN Advisory Council Open Meeting provided space for peer exchange and innovation. The day concluded with a festive Opening Reception sponsored by Louisiana YPN, bringing members together to celebrate and connect.

The next day offered collaboration and celebration with Closing the Affordability Gap, presented by the Louisiana Housing Corporation, equipping REALTORS® with tools to better serve clients in today’s market. Regional caucuses followed, allowing members from across Louisiana to discuss local issues and share best practices. The Board of Directors Meeting brought the governance portion of the event to a close with strategic decisions for the year ahead. At the Board Meeting, Chris Brock, Northeast REALTORS® of Louisiana; Trish Leleux, Greater Central LA REALTORS® Association; Synde Devillier, Bayou Board of REALTORS®; Scott McCubbin, Bayou Board of REALTORS®; Amber Morrow, Greater Fort Polk Area REALTORS®; and David Moses, Greater Central LA REALTORS® Association; were elected as 2026 At-Large Directors.

The grand finale? A spirited LSU Pregame Fan Experience and the highly anticipated Installation Ceremony, where new leadership was formally welcomed in a celebration of community and commitment.

Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Winter Leadership Conference, March 3-4, 2026, at the Live! Casino & Hotel in Bossier City.

We would like to thank our sponsors Greater Baton Rouge Association of REALTORS® (GBRAR) , Zillow , Dax Roy Appraisals, Supra, American Home Shield, Guard Home Warranty fo r their generous support in helping make this conference happen!

When Is the Best Time to Sell My Home: Insights from Real Estate Professionals

Thu, 16 Oct 2025 14:16:20 GMT

Selling your home is one of the biggest financial decisions you’ll ever make, and timing plays a critical role in how much you walk away with and how quickly your house sells. While some seasons bring more buyers to the market, other factors, like local trends and your personal circumstances, can be just as important.

The good news? You don’t have to figure it out alone. A knowledgeable real estate agent can help you identify the best time to sell based on your goals and your local market conditions.

Why Timing Matters in Real Estate

The housing market is driven by supply and demand. When more buyers are looking for homes than there are properties available, prices rise. On the flip side, when inventory is high, buyers may have the upper hand.

Interest rates also impact buyer demand . Lower rates typically attract more buyers to the market, while higher rates may dampen activity. Beyond the numbers, sellers also need to consider personal logistics, such as moving schedules, school calendars, and career changes.

Seasonal Trends in the Housing Market

While every market is unique, there are common patterns throughout the year:

Spring and Summer: Traditionally, the busiest time of year for home sales. Families prefer to move when kids are out of school, curb appeal is at its peak, and longer daylight hours make showings easier. However, more homes on the market also mean more competition.
Fall: Buyer activity slows slightly, but those still searching are often motivated to close before the holidays. With fewer homes listed, sellers may face less competition.
Winter: The buyer pool is smaller, but serious. Homes listed during winter often attract committed buyers who need to move for work or personal reasons. With less inventory available, your home can stand out.

Local Market Conditions Matter

Real estate is hyper-local. A national headline might say the market is cooling, while your neighborhood is experiencing a surge in demand. Job growth, new developments, school zones, and even weather patterns can all affect buyer behavior in your area.

That’s why working with a local agent who knows your market inside and out is so important. They can help you avoid relying on national averages that don’t reflect what’s happening in your backyard.

Personal Factors to Consider

The “right” time to sell isn’t only about market trends; it’s about your life. Ask yourself:

Are you financially ready? Consider your equity, mortgage payoff, and the cost of your next move.
Do you need more space, or is it time to downsize?
Are you relocating for work or family?
How flexible are you with timing?

Balancing your personal situation with market conditions will help you decide when selling makes the most sense.

How a Real Estate Professional Can Help

Selling a home involves more than putting a sign in the yard. A skilled agent can:

Provide a Comparative Market Analysis (CMA) to determine the best list price.
Share insights on local buyer demand and seasonal trends.
Recommend cost-effective upgrades to maximize your home’s value.
Market your home effectively with professional photography, online listings, and targeted advertising.
Handle showings, negotiations, and paperwork to streamline the process.
Advise on when to list, how to stage for the season, and how to adjust strategy if needed.

With expert guidance, you can avoid costly mistakes and position your home to sell faster and for the best possible price.

Getting Started with the Selling Process

No matter when you sell, preparation is key. Focus on repairs, fresh landscaping, and staging to make your home as inviting as possible . Set realistic expectations based on current market conditions and lean on your agent for advice every step of the way.

By working with a trusted real estate professional, you’ll gain the insight and support needed to choose the right moment and maximize your results.

Ready to explore your options? Reach out to a local real estate professional today and take the first step toward a successful home sale.

Charting the Future of NAR: An Update to Members

Mon, 13 Oct 2025 03:47:04 GMT

Open letter from Nykia Wright, CEO of the National Association of REALTORS®

REALTORS®,

As CEO of the National Association of REALTORS®, I am committed to leading this organization with transparency, accountability, discipline and focus.

That commitment is not just a guiding principle or a tagline. It’s at the foundation of every effort we make to rebuild trust and reimagine how this association can serve you better or help you get you to your next transaction.

In that spirit of transparency, I want to update you on our progress to transform this organization.

Listening First: Crafting a Strategic Plan Grounded in Member Input

Before we can make change, we must listen and learn. Throughout 2025, the association’s leadership has solicited feedback from more than 100,000 NAR members through forums, surveys and focus groups. We’ve met with hundreds of real estate industry leaders—from large enterprise firms to regional brokerages—and we’ve empowered state and local association executives to host broker summits of their own. We will continue to meet with members and leaders from across the industry to share our progress on transforming the association and consistently receive feedback on our work.

While time consuming, that effort has been time well spent. We aim to ensure that every voice, in every corner of the industry, has a chance to be heard. This process is guiding the development of NAR’s 2026–2028 Strategic Plan, which will chart the course for how the association modernizes, operates and serves members in the years ahead.

Our goal is simple: to ensure there are no surprises about NAR’s direction and intention. Transparency is not a one-time effort; it’s the new normal.

Setting the Standard: Delivering on Our Value Proposition

Every organization must be clear about its purpose—especially during times of change.

At the heart of our transformation is a renewed focus on member experience. That’s why the 2026–2028 Strategic Plan will have a new Value Proposition that’s centered on you.

NAR’s Value Proposition for 2026–2028:

“NAR empowers REALTORS® by helping them thrive in their businesses. It achieves this goal by advocating on their behalf, providing market intelligence and research tools, offering professional development and education, maintaining high standards, and elevating the REALTOR® brand. By supporting REALTORS®, NAR protects and advances the right of Americans to own real estate.”

This statement reinforces that everything NAR does should be relentlessly focused on member success—whether through advocacy that defends and advances the industry, tools and education that sharpen competitiveness, or data and insights that make REALTORS® indispensable in every market.

To accomplish this, the Strategic Plan will build a better member experience and modernize the association. Some of the major projects within the strategic plan will include:

Overhauling our financial systems to enhance processes, strengthen audit capabilities and increase transparency
Managing legal risks
Modernizing legacy systems and increasing efficiencies by using the latest technology and AI across budgeting, contracting, operations, member support and more
Elevating the REALTOR® brand value and visibility through social media, national storytelling and an overhaul of the NAR consumer ad campaign
Refreshing the new member onboarding experience
Enhancing dynamic dashboards that offer real-time market insights exclusive to members, in collaboration with RPR

Increasing Fiscal Transparency With a 2025 Annual Report

For the first time, NAR is publishing an Annual Report. This report will add additional context to our 2024 990 filing, include details on NAR’s operations and priorities throughout 2025, and outline our goals for 2026.

The report will provide valuable information about how NAR is staying accountable to its members, the industry and consumers and how it operates with the highest levels of financial diligence. It will not resemble a publicly traded corporate financial statement, but it will represent a new level of transparency for NAR.

Next Steps

The work of transformation is ongoing—and it belongs to all of us. The combination of our annual report and strategic plan will provide an unprecedented level of transparency into how the association is currently situated and where it’s going. We are eager to share more information about both of these when they are finalized.

Equally important, we will continue to listen to inform what we do and enhance how we operate on your behalf. Like our commitment to transparency, our listening and learning will not stop—it’s another part of the new normal at NAR.

I look forward to hearing more from you about how NAR can enhance the value we provide members, the industry and consumers.

To every REALTOR® who shared their ideas, feedback and critiques, thank you. To those who haven’t yet had the opportunity, we’re listening. Reach out. Participate. Be heard.

In my short but intense tenure at NAR, I have learned that our greatest strength is our members. If we continue to work together, we will build an association that reflects the professionalism, resilience and leadership that real estate professionals who are REALTORS® bring to our communities.

Thank you,

Nykia Wright

Essential Etiquette Tips for Real Estate Professionals

Tue, 07 Oct 2025 18:46:00 GMT

As a real estate professional, you have the privilege of guiding clients through one of the biggest financial and emotional decisions of their lives: buying or selling a home . Entrusting you with such a responsibility means professionalism, integrity, and courtesy should always be at the forefront of your work.

From first impressions to follow-up communication, the way you conduct yourself impacts not only your reputation but also your long-term success in real estate. These etiquette tips for agents will help you stay polished, professional, and client-focused in every interaction.

Why Etiquette Matters in Real Estate

Real estate transactions are complex, often involving clients, fellow agents, lenders, inspectors, title companies, and countless moving details. With so many parties working toward the same goal, even small lapses in professionalism can create confusion, delays, or unnecessary tension.

For buyers and sellers, this process represents one of the biggest financial and emotional milestones of their lives. The way you present yourself, communicate, and manage these relationships directly shapes their experience. Good etiquette isn’t simply about being polite; it’s about building credibility, establishing trust, and showing clients that you respect their time, investment, and emotions.

Practicing proper etiquette also sets you apart in a highly competitive industry. Buyers and sellers have plenty of options when choosing an agent. Demonstrating professionalism through punctuality, clear communication, and courteous interactions positions you as the agent they can rely on. It also strengthens your reputation within the industry, making other professionals more likely to want to collaborate with you.

Ultimately, etiquette is about more than good manners; it’s a tool for protecting your professional image , fostering strong client relationships, and creating a smooth, positive transaction process that benefits everyone involved.

Key Etiquette Tips for Agents

1. Make a Strong First Impression

Dress professionally: Choose attire that reflects confidence and respect for your clients and the industry.
Maintain eye contact and composure: Body language speaks volumes. Project confidence, warmth, and attentiveness.
Answer your phone professionally: Use a polite, welcoming greeting that reflects your role as a trusted advisor.

2. Respect Clients’ Time

Be punctual: Arriving on time for meetings and showings demonstrates reliability.
Respond promptly: Reasonably answer texts, emails, and phone calls related to real estate. Delays can create unnecessary stress for clients.

3. Handle Homes with Care

Leave every property as you found it: Whether you’re showing a listing or previewing homes, respect the homeowner’s space.
Provide honest feedback: Be tactful yet transparent when sharing insights with clients or colleagues.

4. Keep Communication Clear and Accurate

Verify information before sharing: Double-check listing details, documents, and marketing materials. Accuracy builds trust and avoids misunderstandings.
Follow up consistently: Keep clients informed at every stage of the process to reduce anxiety and increase confidence.

5. Maintain Professionalism Online

Separate personal and professional accounts: Consider keeping personal social media private and maintaining a professional presence for your real estate brand.
Share valuable content: Post market updates, home tips, and industry insights that position you as a trusted resource.
Stay positive and respectful: Online comments reflect your professionalism just as much as in-person interactions.

Modern Etiquette in a Digital-First World

With many buyers starting their home search online, digital professionalism is more important than ever. Ensure your emails, texts, and video calls are polished and client-focused. Use proper grammar, avoid slang, and make sure your online listings are accurate, detailed, and accompanied by high-quality photos.

Professional etiquette isn’t about rigid rules; it’s about showing clients and colleagues respect, courtesy, and reliability in every interaction. By following these etiquette tips for real estate agents , you’ll create lasting impressions, strengthen relationships, and set yourself apart in a competitive market.

2024 Legal Hotline Year in Review

Fri, 03 Oct 2025 16:44:55 GMT

Eric B. Landry, JD and Kristin E. Oglesby, JD

Breazeale, Sachse & Wilson, LLP

301 Main Street, Suite 2300

Baton Rouge, Louisiana 70801

The following is a summary of the questions and answers from the 2024 Hotline. The Louisiana REALTORS® maintains a hotline for their Brokers to answer questions affecting the real estate industry as a whole. The hotline does not provide legal advice but provides general information. It is important to note that the laws and court decisions affecting these responses to these questions may change as new laws are passed and new court decisions are published. We cannot comment on or provide advice with respect to specific transactions. These responses are for general information only.

Note that some of the responses provided herein were generated prior to the National Association of Realtors (“NAR”) Settlement going into effect. That is, on August 17, 2024, several practice changes affecting compensation and communication in residential real estate transactions went into effect.

Please click on the link below to access a fully-indexed summary of the questions and answers from the 2024 hotline.

DISCLAIMER: These materials are to be used for informational purposes and should not be construed as specific legal advice. These materials are not designed to cover every aspect of a legal situation for every factual circumstance that may arise regarding the subject matter included.

This publication is for reference purposes only and association members or other readers are responsible for contacting their own attorneys or other professional advisors for legal or contract advice. The comments provided herein solely represent the opinions of the authors and are not a guarantee of interpretation of the law or contracts by any court or by the Louisiana Real Estate Commission.

Consumer Guide Update: How to Protect Against Real Estate Wire Fraud

Fri, 03 Oct 2025 16:20:42 GMT

NAR is pleased to share the latest consumer guide that explains why real estate transactions are targets for wire fraud, how scammers work, and ways buyers can protect themselves against fraud.

Also, note that updates have been made to the “Home Selling Tips for Privacy and Safety” to reflect the input of MLSs and NAR’s appraiser members. A link to the updated guide is below.

For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which focuses on understanding condo ownership.

How a Pre-Listing Inspection Can Keep Your Sale on Track

Wed, 24 Sep 2025 16:04:23 GMT

When you’re selling your home , the last thing you want is for the deal to fall apart right before closing. Unfortunately, that can happen more often than you might think. The good news is there’s a way to protect yourself from unwanted surprises and keep your sale moving forward smoothly: a pre-listing inspection.

Common Reasons Home Sales Fall Through

Even when a home is under contract, there’s no guarantee the sale will make it to the closing table. One of the most common reasons a deal falls through is the home inspection . If significant issues are uncovered during that process, buyers may decide the house isn’t the right fit after all.

Home Inspection Findings Can Impact a Sale

A home inspection can reveal problems that buyers weren’t expecting, from structural concerns to costly repairs. When that happens, buyers often face an important decision: ask the seller to make fixes, renegotiate the price, or walk away entirely.

If the seller isn’t prepared or willing to address repairs, it can create stress and uncertainty for the buyer. For many, that’s enough to cause them to back out of the deal rather than take on the expense or responsibility themselves.

Protect Your Home Sale With a Pre-Listing Inspection

One of the best ways to stay ahead of these challenges is by scheduling a pre-listing inspection before putting your home on the market.

A pre-listing inspection is exactly what it sounds like: a professional inspection you complete before listing your home for sale. It allows you to see what a buyer’s inspector is likely to find, giving you the chance to fix problems or prepare for negotiations before they ever come up.

Benefits of a Pre-Listing Inspection

1. Tackle Repairs on Your Terms
You’ll know about potential issues in advance and can decide whether to fix them before buyers ever step through the door.

2. Avoid Price Drops and Last-Minute Renegotiations
When buyers uncover problems after you’re under contract, it often leads to concessions, like lowering your price or offering repair credits. A pre-listing inspection helps prevent those surprises.

3. Build Buyer Confidence
Having an inspection report ready shows buyers you’ve taken care of your home and are serious about selling. That transparency builds trust and can help your home sell faster with fewer back-and-forth negotiations.

Is A Pre-Listing Inspection Right for You?

Not every situation calls for a pre-listing inspection, but it’s an option worth considering before listing your home. An agent can help you decide if it makes sense for your home and your area.

An experienced agent will:

Help you prioritize which repairs matter most to buyers in your market.
Advise on whether to fix or disclose each issue.
Make sure you’re following local disclosure requirements.

Spending a few hundred dollars on a pre-listing inspection could save you thousands in repair costs, price reductions, or canceled contracts later on. More importantly, it gives you peace of mind knowing you’ve done everything possible to keep your sale on track.

Ready to sell with fewer headaches and more peace of mind? Partner with an agent that is a REALTOR® today and take the first step toward a successful sale.

Consumer Guide Update: 5 Home Selling Tips for Privacy and Safety

Fri, 19 Sep 2025 16:18:13 GMT

NAR is pleased to share the latest consumer guide that helps sellers ensure they don’t inadvertently reveal private information during the transaction, including at showings. This guide was created by NAR's Property Data Security Work Group, and we thank the members of that group for bringing this important topic to light.

As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides:

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which focuses on how buyers can protect themselves against wire fraud in real estate transactions.

Safety Tips Every Louisiana Real Estate Professional Should Know

Fri, 19 Sep 2025 14:35:15 GMT

The real estate industry offers exciting opportunities, but it also comes with risks that professionals can’t ignore. Real Estate Professionals frequently meet new clients in unfamiliar settings, often alone, and sometimes at odd hours. According to the National Association of REALTORS® 2024 Member Safety Report , agents feel most at risk during property showings (32%) and first meetings with new clients in secluded locations (28%).

In Louisiana, where agents work across diverse environments, from busy New Orleans neighborhoods to rural and isolated properties, staying alert and following safety protocols is especially important. Every interaction carries its own considerations, and preparation is the key to feeling confident and secure on the job.

Common Safety Risks for Agents in Louisiana

Several common scenarios can increase the likelihood of unsafe situations:

Meeting unknown clients : Interactions with strangers who haven’t been properly vetted.
Isolated showings: Touring vacant homes or rural properties without nearby support.
Predictable schedules: Having showing times or routines that are easy to track.
Data security risks : Carrying sensitive client or property information.
Handling valuables: Managing cash or overseeing homes with valuable possessions.

By recognizing these risk factors, real estate agents can take proactive steps to reduce vulnerabilities before problems arise.

How Real Estate Agents Can Stay Safe Before Meeting Clients

The first step to protecting yourself is preparation. Client screening and meeting protocols can significantly reduce risk.

How to Safely Screen Real Estate Clients: Always request basic details such as full name, phone number, and email. Verify their information through the MLS, referrals, or social media. Genuine clients won’t hesitate to provide it.
Best Public Places to Meet Real Estate Clients: Avoid secluded homes for first meetings. Instead, meet at your office or a public spot like a coffee shop, library, or restaurant. These settings give you a chance to evaluate the client while staying visible and secure.
Choosing Accessible and Visible Locations: When public spaces aren’t an option, prioritize well-lit areas with strong cell phone reception and easy parking.

Safety Tips During Property Showings

Showings often carry the greatest risks, so planning ahead is essential.

Preparing for a Safe Real Estate Showing: Share your schedule, property address, and client details with your broker, assistant, or a trusted colleague. Research the layout, exits, and neighborhood in advance. Drive by during daylight hours when possible to familiarize yourself with the area.
Staying in Control During Property Tours: Enter homes first, maintain awareness of exits, and keep yourself positioned between the client and the door when practical. Always have your phone and keys within reach.
Technology Tools to Keep Agents Safe: Use GPS tracking or check-in apps to share your location. Some platforms will automatically alert your office if you don’t check in within a set timeframe. Panic button devices can also provide extra protection.

Open House Safety Tips for Real Estate Agents

Unlike private showings, open houses involve multiple strangers entering at once, making vigilance critical.

How to Manage Visitors Safely at Open Houses: Require all guests to sign in with names and contact information. This not only improves accountability but also generates valuable leads. Consider bringing a colleague as backup , which makes it easier to manage groups and creates an additional layer of safety.
Preparing the Property for Agent and Client Safety: Walk through beforehand to check locks, secure valuables, and identify exit routes. Limit access to basements, attics, and private spaces like closets.

Best Safety Tools and Resources for Real Estate Agents

Don’t underestimate the value of having the right tools. Your smartphone should always be charged and accessible, but backup options are equally important. Carry a portable charger to avoid dead batteries during long days. Safety apps can alert emergency contacts instantly, while wearable panic buttons and GPS trackers add an extra safeguard.

Investing in these resources sends a clear message: your safety is a top priority. While you hope to never need them, having these tools available provides peace of mind and professional security.

Staying safe means being proactive, prepared, and aware in every situation , from your first client meeting to an open house. Prioritizing your safety not only protects you but also strengthens your ability to serve your community with professionalism and peace of mind.

Professional Safety Training Benefits Available for Louisiana Real Estate Agents

Thu, 11 Sep 2025 00:43:11 GMT

The real estate profession is both exciting and fulfilling, but it also comes with unique safety challenges. Agents frequently meet new clients in unfamiliar locations, host open houses without assistance, and travel to properties during evenings or weekends. Recognizing these risks, Louisiana REALTORS® prioritizes member safety by offering resources and training designed to keep you protected, prepared, and confident in every situation.

Understanding the Safety Challenges Agents Face

While helping clients buy and sell homes is rewarding, it often requires agents to work in circumstances that can increase their vulnerability. Meeting strangers at vacant properties, hosting open houses alone, or traveling to multiple locations in a single day can all create unpredictable situations. Even something as simple as sharing personal contact information online can put agents at risk.

According to the National Association of REALTORS® (NAR), nearly one in three agents who are REALTORS® has faced a situation that made them fear for their safety or the security of their personal data. These risks aren’t limited to physical threats; cybercrime, wire fraud, and identity theft are growing concerns in today’s digital marketplace.

Professional safety training equips agents with the knowledge and strategies needed to handle these challenges. By learning how to recognize potential red flags, set boundaries with clients, implement safe showing practices, and protect sensitive information online, agents can work more confidently and reduce the likelihood of harm.

Ultimately, prioritizing safety doesn’t just protect you; it reassures your clients, strengthens trust, and upholds the professionalism of the entire real estate industry.

Essential Safety Skills Every Agent Should Learn

Louisiana REALTORS®, along with the National Association of REALTORS®, offers a range of professional development programs designed to keep members safe both in the field and online, including:

Safety Awareness Training
Learn how to spot red flags, trust your instincts, and take preventive steps when meeting new clients or entering unknown properties.
Self-Defense Basics
Hands-on training in simple moves that can help you escape a dangerous situation and protect yourself until help arrives.
Emergency Response Planning
Know what to do if an emergency arises during a showing, open house, or client meeting. Training covers communication strategies, exit planning, and how to contact local authorities quickly and effectively.
Cybersecurity Awareness
With more transactions happening online, real estate agents are prime targets for wire fraud and phishing scams. Training also includes tips for protecting client data and avoiding online threats.

Investing in safety training doesn’t just keep you protected, it also builds your professional confidence. When you feel secure, you can focus more fully on serving your clients. In addition, clients appreciate knowing their agent prioritizes safe practices, which builds trust and strengthens relationships.

Practical Safety Tips Agents Can Use Right Away

While ongoing training is critical, there are also small steps agents can take today to enhance safety:

Always meet new clients in your office or a public place before showing a property.
Share your schedule and location with a colleague, friend, or family member.
Park on the street rather than in driveways to avoid being blocked in.
Keep your cell phone charged and accessible during appointments.
Trust your instincts. If something feels off, reschedule or bring a colleague.

Safety is not a one-time lesson; it requires continuous awareness and preparation. Louisiana REALTORS® is committed to equipping members with the knowledge and tools to stay protected in every situation.

Your safety is your most valuable asset. By participating in professional safety training, you not only safeguard yourself but also uphold the professionalism of the real estate industry in Louisiana.

Consumer Guide Update: Do You Need Private Mortgage Insurance?

Fri, 05 Sep 2025 16:14:41 GMT

NAR is pleased to share the latest consumer guide that outlines requirements for private mortgage insurance and how it protects lenders and consumers.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which focuses on ways to protect your privacy when selling your home.

Breaking Down Updates on Construction from the 2025 Legislative Session

Thu, 04 Sep 2025 22:31:47 GMT

Construction Update: Act Nos. 239 and 422

Eric Landry, Breazeale, Sachse & Wilson, L.L.P.

Louisiana REALTORS® Counsel

ACT No. 239

Summary: Act 239 became effective as of August 1, 2025 and mandates that municipalities and parishes must issue permits and conduct inspections for roof construction and reroofing projects in accordance with the Louisiana State Uniform Construction Code Council's adopted versions of the International Building Code and the International Residential Code. The act applies to all buildings, not just one- and two-family dwellings, and requires compliance with Chapter 15 of the IBC for most structures and Chapters 8 and 9 of the IRC for one- and two-family dwellings.

Details : This proposed act would add to La. R.S. 40:1730.23 and require any Louisiana municipality or parish that issues construction permits to also issue permits for and conduct inspections of all roof construction and reroofing projects. For all buildings other than one- and two-family dwellings, the permit issuing authority must comply with Chapter 15 of the International Building Code. For one- and two-family dwellings, it must comply with Chapters 8 and 9 of the International Residential Code. Note: Chapters 8, 9, and 15 of the International Residential Code are adopted and promulgated by the La State Uniform Construction Code Council.

ACT No. 422

Summary: Amends the laws regarding licensed contractors to address numerous factors, including: (i) starting January 1, 2026, any person who advertises working on any portion of a roofing system on a residential structure for which the project value is $7,500 or more shall hold the classification of Residential Roofing or Residential Construction; (ii) expands definition of “Residential Contractor” to include any person performing home improvement for which the project value is $7,500 or more, (iii) adds definitions for "Residential roofing" and "Residential roofing contractor", and requires residential roofing contractors to pass the residential roofing trade examination and meet all other licensure requirements of a residential contractor; (iv) removes “triplexes and fourplexes” from “residential structure” definition.

Details :

Modifies R.S. 37:2150.1 definitions:

Added (7) " Employee " means a worker whose employer deducts taxes from his wages and reports his annual earnings to the Internal Revenue Service using a W-2 form.
Changes the dollar amount in (10) “Home Improvement” definition from “$7,500 or more but is less than $50,000 ” to when “seven thousand five hundred or more .
Expands the definition of (11) “Home improvement contractor” to any person who undertakes or attempts to undertake or submits a price or bid “ or offers to construct, supervise, superintend, oversee, direct, perform, or in any manner assume charge of a home improvement project for which the project value is at least seven thousand five hundred dollars but less than fifty thousand dollars . A home improvement contractor shall not perform any structural work that is integral to the structural integrity of any new or existing structure, including but not limited to footings, foundations, outside walls, skeleton, bearing columns and interior load bearing walls, floor slabs, or roofing systems to any type.”
Adds definition (12) "License" means any form of license or registration the board is authorized to issue in accordance with this Chapter.
Extends dollar threshold in (14) “Mold remediation contractors” to $7,500 or more.
Extends dollar threshold in (16) “Plumbing Contractor” to $10,000 or more .
Expands definition of “ Residential Contractor ” to include: (i) Any person bidding or performing home improvement for which the project value is $7,500 or more, and (ii) Any person performing the installation of a modular home with a value equal to or greater than $50,000.
Adds definition: (20) " Residential roofing " means the construction, alteration, repair, improvement, demolition, putting up, tearing down, furnishing labor, or furnishing labor together with materials or equipment, or the installation of materials or equipment for any phase of roofing specific to a residential structure for which the project value is seven thousand five hundred dollars or more.
Adds definition: (21) " Residential roofing contractor " means any person who undertakes to, attempts to, or submits a price or bid, or offers to construct, supervise, superintend, oversee, direct, perform, or in any manner assume charge of a residential roofing project for which the project value is seven thousand five hundred dollars or more.
Removes “triplexes and fourplexes” from “residential structure” definition.
Adds that a residential structure more than three floors in height may be built by a person holding a building construction and residential construction license.

Additional Licensing requirements for Contractors:

§2156. Applications; licenses; fees; renewals

Now states that a person licensed or registered by the board shall bid, contract, conduct all business transactions, and perform work in the name as it appears on the current license or registration and the official records of the State Licensing Board for Contractors.
Now states that licenses dependent on insurance requirements or certifications shall not be eligible for multiple-year renewal.
Gets rid of the board’s discretion in charging delinquent fees following the expiration date of a license.
Now states that licenses or classifications issued based on certifications or credentials shall expire upon the expiration date of the credential or certification.
Now states that all applications are considered active for a period of one year after the date of submission. Applications not completed for any reason shall be considered invalid after that time.
No longer treats applications for renewal as a new application after one year from date of its expiration. An application for a new license must be submitted and upon approval, a new license shall be issued.
Applicants shall state the classifications for which he is applying from the list of major classifications. This list was expanded to include “mold remediation” and home improvement”.
An applicant for a license or registration is now required to submit a financial statement.
New minimum net worth requirements:
Residential and commercial licenses, their subclassifications, and all specialty classifications with the exception of labor only specialty, shall have a net worth of fifty thousand dollars or more .
Home improvement, mold remediation, and labor only specialties shall have a net worth of twenty-five thousand dollars or more .
Each applicant, principal, and designated qualifying party is now required to complete their own application and pass a background check. There is a list of what the investigation will relate to.

§2156.3. Installation of solar energy equipment and systems

A Solar Energy Equipment license is now required to install solar energy equipment or systems if the project value is $10,000 or more.
An applicant for this license must hold one or more or the following licenses: building construction, electrical, mechanical, or residential construction.

Adds §2156.4 Residential Roofing : which states,

Starting January 1, 2026, any person who advertises bid, quote or estimate to construct, supervise, direct, oversee, or perform any construction, modification, repair, or maintenance, etc. of any portion of a roofing system on a residential structure for which the project value is $7,500 or more shall hold the classification of Residential Roofing or Residential Construction.
A residential roofing contractor shall pass the r esidential roofing trade examination and meet all other licensure requirements of a residential contractor.

§2157. Exemptions

Now requires an affidavit of exemption to obtain a building permit to perform any work on a legally established church.
Similar exemption requirement for owners of a property who supervise home projects, when they do not build more than one residence per year.

§2158. Revocation and suspension of licenses; issuance of cease and desist orders; debarment; violations; penalty; criminal penalty

License may be revoked for any misrepresentation or fraudulent use of a license for any purpose by any person other than whom the license was issued.
Allows for revocation of license for failure to notify board within 30 days of any change to the information provided in original application.
Also allows revocation of license for failure to notify board of a criminal, civil, or administrative action within 30 days. This applies to the licensee or a principal.
License may also be revoked for failure to obtain permit to perform or begin work, misrepresenting the value or scope of work, failure to obtain inspections, failure to have written contract signed and dated by all parties , failure to bid, contract, or perform in the name as appears on license or registration, failure to maintain or provide board with requested docs and info within 5 business days of request.

Consumer Guide Update: What Is the VA Home Loan Guaranty?

Wed, 20 Aug 2025 19:54:05 GMT

NAR is pleased to share the latest consumer guide focused on how the VA Home Loan offers a great path to homeownership for current and former military service members.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which outlines requirements for private mortgage insurance and how it protects lenders and consumers.

Where AI Fits into Real Estate Marketing Today

Tue, 19 Aug 2025 13:27:35 GMT

In real estate, eye-catching photos often serve as the first step to grabbing a buyer’s attention. However, today’s buyers expect more than just great images. They want clear, timely information and a personalized experience that helps them feel confident in their decisions. To meet these expectations, Agents in Louisiana need marketing strategies that are both innovative and effective.

Luckily, AI tools make it easier than ever to create compelling listings, reach serious buyers faster, and save valuable time. For example, some platforms offer 3D tours and interactive floor plans, providing immersive buyer experiences. At the same time, AI chatbots can instantly answer buyer questions, keeping prospects engaged around the clock.

Write Better Real Estate Listing Descriptions with AI

A clear and compelling listing description can make a powerful first impression on potential buyers. AI writing tools, such as ChatGPT and Jasper.ai, help to quickly transform property details into polished, professional descriptions, saving time, especially when managing multiple listings.

Additionally, the Realtors Property Resource (RPR) offers an AI ScriptWriter free with your NAR membership. It uses MLS data to generate scripts for videos and social media posts, giving a ready-made foundation for marketing content.

You should always review and personalize AI-generated content. Your local knowledge of what resonates with buyers is what transforms a basic description into one that truly stands out.

Tools That Help Agents Reach Motivated Buyers

Reaching the right audience is key to successful marketing. AI-powered platforms, such as Facebook Ads Manager and Google Ads, enable targeted listings to buyers who are most likely to take action by analyzing search patterns and location data.

Beyond advertising, customer relationship management (CRM) tools like Follow Up Boss utilize AI to prioritize leads, automate follow-ups, and nurture client relationships efficiently , allowing for a focus on closing deals.

This targeted approach not only boosts listing views but also connects with serious buyers in the right places, thereby increasing the chances of meaningful sales.

Crafting Consistent, Personalized Listing Posts with AI

Promoting listings on social media takes time , especially when juggling multiple properties. AI tools help generate captions, headlines, email drafts, and other marketing content based on the details provided.

Design platforms like Canva Magic Studio offer AI-powered features for quickly creating branded flyers, social posts, and presentations, eliminating the need for proficiency in graphic design. For video content, tools like Pictory and Synthesia simplify the production of polished property tours or agent introductions with AI-generated voiceovers.

While it’s essential to personalize posts with local insights or community highlights, AI provides a strong starting point for maintaining consistent and polished marketing without spending hours on every message.

How Agents Can Maintain Authority While Using AI Tools

AI can help agents market more efficiently, but only when used wisely. As more agents incorporate AI into their day-to-day tasks, it’s important to understand how to get the most value from these tools while avoiding common pitfalls:

Always Review and Revise: AI can assist, but it’s not flawless. Never publish content without checking for grammar issues, awkward phrasing, or incorrect info.

Your Knowledge Comes First: Think of AI as an assistant, not a replacement. Your industry knowledge and experience are what truly matter in gaining client trust and closing deals.

Keep Your Voice: AI can tend to sound overly formal or robotic. Make sure your personality and tone come through in the final draft so your clients still feel like they’re hearing from you .

Check for Compliance Issues: Review content carefully to avoid Fair Housing violations or MLS rule conflicts. AI won’t catch these, and the consequences can be serious.

Fact-Check Everything: AI sometimes produces inaccurate or outdated information. Always verify property details, stats, and neighborhood facts before using them in marketing materials.

Balancing AI and Personal Touch in Louisiana Real Estate Marketing

AI doesn’t replace the expertise, instincts, or relationships that make you successful. It simply helps you do more with the time and knowledge you already have. Whether you’re refining a listing description or managing a multi-property marketing plan, the right tools make it easier to keep everything consistent, professional, and on pace with your goals.

For real estate agents in Louisiana, blending AI into your day-to-day process helps you stay focused on what really matters while continuing to guide clients with clarity , confidence, and a local touch they can trust.

On the Ballot in November 2026

Fri, 15 Aug 2025 23:12:13 GMT

Natalie S. Cooper, CIC, CISR

Assistant Governmental Relations Director & Political Field Representative

Louisiana REALTORS®

During the 2025 Louisiana Regular Legislative Session, Rep. Shane Mack (R – Livingston) introduced HB 300 which proposed a Constitutional Amendment to increase the income threshold for the purposes of qualifying for the special assessment level. Currently, the income threshold for the purposes of qualifying for the special assessment level is $100,000.

Louisiana last raised this threshold by a vote in 2020, applying to individuals who are permanently disabled or 65 years or older.

The 2025 passed bill, now Act 220, results in a Constitutional Amendment Louisianians will see on the statewide ballot on November 3, 2026. The ballot will read, “Do you support an amendment to increase the maximum amount of income a persona may receive and still qualify for the special assessment level for residential property receiving the homestead exemption?”

If the Constitutional Amendment is successful on the statewide ballot it will be effective January 1, 2027.

How to Prep Your Home for a Quick (and Profitable) Sale: Tips from a REALTOR®

Wed, 13 Aug 2025 15:00:14 GMT

Selling your home is a big move, both emotionally and financially. And if you're looking to sell quickly and for top dollar, preparation is everything. A few strategic updates can dramatically affect a home's market appeal. In today’s real estate market, buyers are looking for move-in-ready homes that feel fresh, neutral, and well-maintained.

Here are the top REALTOR® approved home prep tips to help you attract more offers and close faster , with better profit.

1. Simple Curb Appeal Tips to Attract Buyers

Buyers start forming opinions the second they pull up to your curb. A tidy exterior suggests a well-cared-for interior. You don’t need a major landscaping overhaul; simple fixes go a long way:

Trim overgrown hedges and edge your lawn.
Add a fresh coat of paint to your front door.
Power wash the walkway and siding.
Upgrade hardware like door handles, house numbers, and porch lights.

A small investment here can make a big impact on buyer perception.

2. Declutter Your Home to Maximize Space

Clutter not only makes spaces look smaller, but it also makes it harder for buyers to imagine themselves living in the home. Maximize your home’s space by packing non-essentials early:

Remove excess furniture to open up rooms.
Box up personal photos and collectibles.
Clear off countertops, especially in the kitchen and bathroom.

Pro tip: Rent a storage unit to keep your belongings out of sight while keeping them organized.

3. Refresh Your Home with Paint and Lighting Updates

Bold colors and dim rooms can be deal-breakers. Refreshing walls with neutral tones, such as soft grays or warm whites, instantly modernizes the space. Lighting also plays a key role:

Swap out outdated fixtures for modern, budget-friendly options.
Open blinds or curtains to let in natural light.
Use daylight bulbs for a clean, bright glow throughout the home.

4. The Value of Minor Home Repairs

Even minor repairs signal to buyers whether the home has been well maintained . Take time to fix:

Leaky faucets
Squeaky doors
Loose cabinet handles
Cracked tiles or chipped paint

For extra peace of mind, consider a pre-listing home inspection so you’re not caught off guard by issues later.

5. Easy Staging Tricks That Make a Big Impact

You don’t need to hire a professional stager to make your home shine. Focus on showcasing space and potential:

Rearrange furniture for better flow.
Use light, minimal decor and clean linens.
Add mirrors to reflect light and make rooms feel larger.

Pro tip: Stage the living room, kitchen, and primary bedroom; these are the rooms buyers focus on most.

6. Capture Buyer Attention with Professional Photographs

Online listings are your home’s first showing. Professional photos enhance your home’s best features and drive more interest:

Hire a real estate photographer who knows how to shoot for lighting and space.
Include a virtual tour or video walkthrough if possible.

Homes with professional images sell faster and for a higher price.

7. Prep Before Every Showing to Create an Inviting Atmosphere

Details matter when buyers walk through the door. Before every showing:

Set the thermostat to a comfortable temperature.
Turn on all lights and open blinds.
Place a vase of fresh flowers or bake cookies for a welcoming scent.
Remove pets and their items if possible.

These small efforts create an inviting atmosphere that buyers remember .

Preparing your home the right way can be the difference between a quick sale and weeks on the market. A seasoned agent can help you highlight your home’s best features, avoid costly mistakes, and attract serious buyers fast. If you’re unsure where to start or want a customized prep plan, find a REALTOR® who understands your local market and can guide you through every step, from staging to pricing to negotiating top offers.

What’s new in smart home technology?

Tue, 12 Aug 2025 15:50:04 GMT

Meet the AI revolution for luxury homes

From Tech Helpline

When selling a luxury home, forget asking Alexa or Google turn on the lights. Those systems are flip phones compared to the newest smart-home tech. The most advanced generation of smart home technology is powered by more advanced AI, turning luxury properties into uber-smart homes.

AI-driven systems like Josh.ai and Crestron are changing what’s possible, offering greater personalization, advanced automation, and seamless integration across every part of a home.

Luxury buyers expect more than convenience. They can now purchase homes that anticipate their needs. Here’s a look at the hottest smart home tech for affluent buyers and how it can help elevate your luxury listings.

Beyond voice commands: AI-powered home control

New technology is moving beyond the role of simple voice assistants to AI-powered home control systems that learn independently and adapt.

Josh.ai understands natural language and adapts to user behavior over time. If a homeowner dims the lights at sunset, plays jazz in the evening, and turns on the fireplace, Josh.ai picks up on the pattern and does it automatically. It’s also privacy-focused: it keeps your data secure without selling your personal information.

Crestron’s home automation system connects lighting, security, climate, and video and audio systems, removing the need for multiple apps or remotes.

These systems don’t just follow commands, they anticipate them, creating a genuinely intuitive home experience.

AI-driven security and biometric access

Security isn’t just about keeping a home safe. For high-end buyers, it’s about convenience and control. AI-powered security systems are eliminating passwords, codes, and keys.

Face-recognition door access systems from Swiftlane or Lockly let homeowners open locked doors with a glance. The most advanced models offer adjustable access levels – time restrictions or temporary access that expires – based on who’s at the door.

AI-enhanced security cameras like Deep Sentinel pair AI with human intervention to analyze behavior instead of just detecting motion; it filters out false alarms – like blowing leaves or animals in your yard – and detects real threats.

These features streamline security while adding sophistication, giving buyers peace of mind without any extra effort.

Smarter windows and climate control

Luxury homes are embracing AI for effortless energy efficiency and climate comfort.

Smart glass like View Smart Windows tints automatically based on light levels, keeping spaces comfortable without blinds or shades.

AI-driven climate control systems like the Nest thermostat that learns from your behavior can be paired with Flair Smart Vents to intelligently redirect airflow to improve room temperature consistency throughout the home.

The Ecobee Smart Thermostat with voice control also features a hands-free calling intercom. Crestron’s Horizon smart thermostats , which integrate with Josh.ai and multi-zone heating and cooling systems, adjust the temperature based on room occupancy, outdoor weather, and personal preferences.

Buyers looking for a high-tech, energy-conscious home will see these features as both practical and luxurious.

AI-powered kitchens and home automation

Luxury kitchens are getting a serious upgrade with AI-powered appliances that make daily life easier.

Miele’s Dialog Oven scans food and adjusts temperature and cooking time in real-time, guaranteeing perfect results. This new tech delivers new cooking methods, such as “cooking a fish in ice or veal tenderloin in beeswax without melting ice or wax.”

LG’s InstaView fridge with AI Vision automatically recognizes “stored food items, suggesting recipes based on available ingredients and user preferences, and tracking inventory and expiration date.”

Wellness and entertainment go high-tech

Many luxury homebuyers will be attracted by a smart home that can also enhance their well-being.

Smart circadian lighting like Ketra works with Lutron lighting controls and shade, changing throughout the day to mimic natural sunlight and improve mood and sleep.

AI-powered home theaters, like the one from Control4 , automatically adjust the picture and sound quality, delivering the perfect movie experience.

For buyers who value wellness and entertainment, these features make a home feel both cutting-edge and comfortable.

A word of caution

Even the smartest home is only as reliable as its power and internet connections. When one is down, so is the tech. Luxury buyers investing in these advanced AI-enabled home systems should consider backup solutions to keep systems up and running. A whole-home generator ensures uninterrupted power during outages, while satellite internet services like Starlink provide connectivity even if the local network options go down.

Why smart home technology matters to you as an agent

Smart home technology is moving well beyond simple automation: it’s now adaptive, predictive, and intuitive. Luxury buyers expect smart homes that feature the latest tech. Explaining how these innovations enhance security, energy efficiency, entertainment, and daily life helps you market high-tech homes more effectively. It also lets you connect better with affluent buyers by winning their trust as their advisor and local expert . Because when buyers see a home that thinks for itself, they’re more likely to see the added value.

Need help with smart home technology?

If you are trying to troubleshoot an issue with smart home technology, or have questions about AI powered gear , Tech Helpline is ready to assist, helping more than 730,000 real estate pros in North America solve their technology issues every day. Tech Helpline is only a chat, email or phone call away.

Consumer Guide Update: 10 Tips for Packing Smartly for a Move

Fri, 08 Aug 2025 19:48:14 GMT

NAR is pleased to share the latest consumer guide focused on planning and packing tips to make moving homes less stressful and more strategic.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for the next consumer guide, which will help explain the VA home loan guaranty and who is eligible.

3 Ways AI Can Make Your Property Listings Look Better

Fri, 08 Aug 2025 15:46:20 GMT

When buyers scroll through online listings, the visuals often make the first impression and sometimes the final decision. In a competitive market, high-quality photos, videos, and tour s aren’t just nice extras. In today’s competitive market, they’re the standard. But you don’t have to be a professional photographer or a tech expert to create strong visuals. With a few simple AI tools, you can quickly enhance your listings and help them stand out from the crowd.

1. How Virtual Staging Helps Sell Homes Faster

Empty rooms can feel cold or unfinished in listing photos. AI-powered virtual staging lets you add realistic furniture and décor digitally. This helps buyers imagine what the space could look like without the hassle or cost of traditional staging. Display a side-by-side comparison of a room before and after virtual staging , making it easier for clients to envision the space's potential.

For REALTORS® , this is especially helpful when working with new builds, vacant homes, or properties that need updating. Instead of explaining what could go in a space, you can show it.

2. Improve Property Photos with AI Editing Tools

Sometimes the lighting isn’t perfect in a photo. AI tools can help by automatically adjusting brightness and sharpening images. You can also fix common issues captured in photos in just a few clicks.

The goal isn’t to mislead. It is to present the property in its best light while staying true to what buyers will see in person. These minor improvements can make a big difference in how a listing is received online.

3. Add Virtual Walkthroughs to Real Estate Listings with AI Tools

Today’s buyers often want to explore a home before ever stepping foot inside. With the help of AI, it’s easier than ever to turn a simple set of photos into a virtual walkthrough . Some tools can even build guided tours automatically, which gives potential buyers a chance to move through the home at their own pace from their phone or laptop.

This is especially useful for out-of-town buyers or busy clients who want a better feel for the property before scheduling a showing. It adds value to your listings and saves everyone time.

Help Your Louisiana Listings Stand Out in a Crowded Market

AI isn’t about replacing your skills. It’s here to support your work. These tools make it easier to create polished, professional listings that grab attention and generate interest. By improving how your properties look online, you give buyers a better first impression and give yourself a stronger chance at closing the deal.

For REALTORS® in Louisiana, combining digital tools with local market knowledge is a powerful way to stand out. When you pair technology with trusted experience, you offer clients the clarity, confidence, and support they need at every step.

Gear Up for a Summer of Savings

Mon, 04 Aug 2025 14:12:07 GMT

Stock up and save on summer must-haves

Leverage your LR membership to stock up on essential office and back-to-school supplies this summer. From must-have office items to classroom necessities, we have everything you need to bring efficiency and excitement to your workspace or learning environment. Let ODP Business Solutions help you prepare for a productive year ahead with all the supplies you need.

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Consumer Guide Update: State and Local Tax (SALT) Deductions

Mon, 28 Jul 2025 14:03:50 GMT

NAR is pleased to share the latest consumer guide focused on state and local tax (SALT) deductions . This guide explains federal tax law changes that temporarily quadruple the amount of state and local taxes (SALT) that taxpayers can deduct and will make homeownership more accessible and affordable, especially for people in higher-tax states.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on August 6, which will cover packing tips and tricks.

Now Accepting: 2026 At-Large Board of Directors Applications

Fri, 25 Jul 2025 19:59:12 GMT

The Louisiana REALTORS® Board of Directors will elect six (6) LR At-Large Directors at its October 8th meeting. Qualifications and an application for the position can be found below.

LR At-Large Directors

The election of six (6) Directors At-Large to serve a two (2) year term on the Board of Directors of Louisiana REALTORS® will be held during the Louisiana REALTORS®' Fall Board of Directors meeting.

According to the Louisiana REALTORS® Constitution & Bylaws, any member who is a REALTOR ® in good standing for five (5) consecutive years is eligible to apply.

Once elected, Directors must complete at least one Louisiana REALTORS®-offered Board Orientation prior to attending their first meeting.

Applications have now closed.

A Breakdown of Top Client Questions REALTORS® Hear — And How to Respond

Wed, 16 Jul 2025 20:32:20 GMT

As a REALTOR® in Louisiana, your expertise goes beyond the basics. You understand how our state’s unique environment, economy, and regulations impact the buying and selling process. It’s no surprise that the number one reason buyers choose to work with a REALTOR® is for your knowledge and expertise. When you confidently answer your client’s most challenging questions with relevant, local insights, you build trust and help them make informed decisions that protect their investments.

When Is the Best Time to Buy or Sell a Home in Louisiana?

Timing the market perfectly is impossible, but Louisiana’s market does have seasonal and regional trends worth noting. Hurricane season (June to November) can slow market activity, especially in coastal areas, as buyers and sellers wait to see how storms affect homes and neighborhoods. However, in the months following hurricanes, there is often a surge in activity due to repairs, insurance payouts, and the relocation of displaced residents.

Share local data like average days on the market, active listings, and price trends in the client’s target area—whether that’s Baton Rouge, Lake Charles, or Lafayette. Urban markets tend to have different cycles than rural parishes. Ultimately, the best time to act is when your client’s finances and life situation align with their goals. Encouraging readiness over timing helps avoid missed opportunities.

How Can I Determine If a Property Is Located in a Flood Zone?

Flood risk is one of the most critical considerations for buyers and sellers in Louisiana. FEMA’s flood maps are the official source for flood zone designations, but they can be complex and sometimes outdated due to recent storms or changes in floodplain management.

As a REALTOR®, it’s essential to stay informed on local flood zone updates by regularly consulting your parish floodplain office or local government resources. This ensures you provide accurate, up-to-date information to clients about flood risks and insurance requirements. Offering clear explanations and connecting clients with trusted insurance professionals adds valuable support during the home buying or selling process.

What Does Flood Zone Status Mean for Homeowners?

Living in a flood zone comes with financial and practical implications. Flood insurance is usually mandatory if the home is financed through a federally regulated lender, and premiums can be costly depending on the zone’s risk level. Explain that standard homeowner policies typically exclude coverage for flood damage, making flood insurance an essential protection measure.

Additionally, flood zone status can affect property resale value and the ability to get certain loans. Some buyers hesitate to purchase homes in high-risk zones, which may impact negotiations. Encourage clients to consider flood mitigation options, such as elevating homes, installing sump pumps, or making landscaping improvements to reduce risk and lower insurance costs over time.

Why Are Home Inspections Important When Buying a House?

Home inspections are crucial in Louisiana because weather and climate conditions can hide costly problems. Roof damage from hurricanes, foundation issues caused by shifting soils, mold growth due to humidity, and termite infestations are common concerns.

Encourage buyers to use inspections as a tool not only to uncover defects but also to estimate future maintenance costs. Note that inspections can serve as a negotiation tool for repairs or price adjustments, helping buyers avoid unexpected expenses after closing.

How Long Does the Home Buying or Selling Process Take?

The timeline can vary significantly, but in Louisiana, factors such as weather disruptions, lender delays, and local permitting can prolong the process. For example, after hurricanes, lenders may experience a backlog, and insurance inspections can take longer to complete.

Outline the typical steps clearly: listing or searching, offers and negotiations, inspections, appraisals, financing approval, title work, and closing. Set realistic expectations and recommend strategies to expedite the process, such as having documents ready in advance or selecting lenders familiar with Louisiana’s market nuances.

Taking the time to deepen your knowledge in these key areas enables you to offer clear and confident guidance that clients trust. By understanding local market trends, flood risks, financing, and negotiation strategies, you become a valuable resource who helps clients make informed decisions and builds a strong reputation as a trusted REALTOR® in Louisiana.

How REALTORS® Can Simplify the Homebuying Process for First-Time Homebuyers

Fri, 11 Jul 2025 19:45:21 GMT

Buying a home for the first time can be a daunting experience. Between the paperwork, the jargon, and the high stakes, even excited buyers can feel confused or anxious. As a Louisiana REALTOR®, your ability to simplify the process not only eases your client’s stress but also builds trust and increases your chances of referrals down the line. The good news is that breaking complex topics into clear, manageable steps is easier than you think.

Set yourself apart with Louisiana REALTORS® GRI designation

How to Explain the Mortgage Process to First-Time Homebuyers

For most buyers, financing is the first significant hurdle. Terms like “DTI,” “PMI,” and “fixed-rate vs. adjustable” can easily confuse someone new to the process. Break things down into plain language and focus on what buyers need to do at each step, such as getting pre-approved, comparing loan options, and understanding how their credit score or debt-to-income ratio affects their approval. If your clients qualify for Louisiana-based programs for first-time buyers, walk them through how those benefits work.

If you can recommend lenders who are patient and educational, do so. Helping your clients build a solid financial foundation early in the process gives them (and you) greater confidence moving forward.

What Should Be on a First-Time Buyer Timeline in Louisiana’s Market?

One of the most effective ways to alleviate buyer anxiety is to provide a clear timeline . From house hunting to closing, explain the process in stages: pre-approval, search, offer, inspection, appraisal, underwriting, and finally, closing. A visual checklist or progress bar can go a long way in helping clients feel more in control.

Setting expectations about how long each stage usually takes—and what delays might arise—helps to keep things transparent. This is especially important in Louisiana’s competitive markets, where inventory may be scarce, or appraisals may take longer due to high demand.

How to Prepare Buyers for Home Inspections and Appraisals

Many first-time buyers are unsure what a home inspection actually includes —or worse, they expect it to guarantee a perfect house. Explain early on that inspections are about identifying potential issues , not providing a pass/fail grade. Emphasize the difference between major structural issues and minor cosmetic repairs and help walk them through what happens if problems are uncovered.

Just like inspections, appraisals play a crucial role in the home buying process by verifying the home’s condition and value before the sale is finalized. This step protects buyers by ensuring they aren’t overpaying. Explain to clients that the appraiser will assess the home’s condition, location, and comparable sales in the surrounding area. If the appraisal comes in lower than expected, it can affect the loan amount and may require renegotiating the price or adjusting the down payment. Preparing buyers for this possibility helps reduce surprises and sets realistic expectations.

Common First-Time Buyer Questions—and How to Answer Them

New buyers often come with repeat concerns:

“What if interest rates go up before I close?”
“How much are closing costs, really?”
“What happens if something breaks right after I move in?”

Prepare answers that are honest but reassuring. Use simple language and provide ballpark numbers or examples where possible. A good strategy is to create a quick-reference FAQ you can share during your first buyer consultation or post on your website or social media. Being proactive shows your expertise and prevents surprises later on.

Tips for Making the Homebuying Process Less Overwhelming

The key to simplifying everything is pacing. First-time buyers don’t need to know every step at once—they just need to know what’s next. Focus on one stage at a time and provide guidance just before it’s needed. Reassure clients that they’re not expected to know it all and that your job is to help them navigate every step.

Finally, use positive reinforcement. Celebrate wins—like getting pre-approved or having an offer accepted. These checkpoints help clients see their homebuying journey moving forward and build confidence along the way.

Helping first-time buyers doesn’t have to mean long explanations or endless emails. With the right tools and clear communication, you can make the process feel less like a maze and more like a guided path. For REALTORS® in Louisiana, the ability to simplify complex steps is one of the best ways to turn a one-time client into a lifelong referral source.

Consumer Guide Update: Buying a Historic Property

Fri, 11 Jul 2025 13:57:47 GMT

As recently previewed, NAR is pleased to share the latest consumer guide on Buying a Historic Property. From lasting craftsmanship to period-specific charm, historic homes offer one-of-a-kind appeal but often come with unique considerations. This guide outlines how a home may qualify as historic, renovation restrictions, inspection tips, available financial incentives, and more.

Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients so that they have the information they need to find success in their homebuying or selling journey. Please remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Going forward, NAR will publish consumer guides on a bi-weekly cadence, so please look out for the next consumer guide in two weeks, which will cover new SALT deductibility provisions coming out of newly signed tax legislation.

How REALTORS® Help Home Sellers Navigate Multiple Offers with Confidence

Thu, 03 Jul 2025 20:48:39 GMT

When your home hits the market and multiple offers start rolling in, it can feel like hitting the jackpot. But with that excitement comes complexity. How do you know which offer is truly the best? What if choosing the wrong one delays your sale or causes it to fall through? This is where an experienced REALTOR® becomes an invaluable ally.

Navigating multiple offers isn't just about choosing the highest bid. It's about weighing all the factors that affect your bottom line, timeline, and peace of mind. Here's how REALTORS® guide sellers through this critical phase with strategy and confidence.

1. Evaluating and Comparing Offers Strategically

When multiple offers come in, it's tempting to focus on the one with the highest price. But price alone doesn't tell the whole story. The strongest offer strikes a balance between financial appeal and low risk, offering flexibility and a high likelihood of a smooth closing. That's where a skilled agent brings value: by helping you interpret the true worth of each offer and organizing them for easy comparison.

Using structured tools like offer summary sheets or comparison spreadsheets, your real estate agent breaks down critical elements such as:

Financing Type : Cash offers typically close faster and carry fewer risks, while mortgage-backed offers may involve more steps and potential delays.
Contingencies : From inspections to financing, contingencies can affect the security of a deal . Fewer or more flexible contingencies generally indicate a stronger offer.
Escalation Clauses : Some buyers include clauses that automatically outbid others up to a limit. Your realtor highlights these so you can spot serious competition.
Seller Concessions or Repair Requests : Offers may include requests for repairs or assistance with closing costs, which can impact your actual net proceeds.
Closing Timeline : The buyer's flexibility on move-in dates can make a big difference if you're coordinating with another transaction.
Earnest Money Deposit : A substantial deposit signals the buyer's commitment and reduces the risk of the deal falling through.

By organizing this information side-by-side, your REALTOR® gives you a clear, objective view of your options. This clarity helps you choose the offer that best fits your goals , not just the one that looks good on paper.

2. Guiding Sellers on Counteroffers and Negotiation Tactics

Even in a multiple-offer situation, you may not receive an offer that perfectly aligns with your goals. That's where an experienced agent's negotiation expertise becomes critical. They help you craft thoughtful counteroffers — not just asking for more money but fine-tuning terms to reduce risk and better match your timeline.

Common negotiation strategies include:

Increasing the purchase price or leveraging escalation clauses
Removing or shortening contingencies (like inspection or appraisal)
Adjusting the closing date to align with your next move
Asking for higher earnest money to demonstrate buyer commitment

Your REALTOR® also helps manage the dynamics between buyers. When handled poorly, counteroffers can backfire or scare off strong prospects. But experienced agents know how to create a competitive yet respectful environment.

3. Ensuring Legal and Contractual Clarity

Real estate contracts are legally binding documents filled with complex language, deadlines, and conditions. Misunderstand a clause, overlook a deadline, or fail to comply with local disclosure laws, and your sale could be delayed or fall through entirely.

That's why a knowledgeable REALTOR® is essential. They carefully review each offer to ensure:

All legal requirements are met, including disclosures and compliance with state and local regulations.
The contract language is clear and enforceable, protecting you from loopholes or vague terms that could lead to disputes.
Deadlines and contingencies are realistic and clearly outlined to avoid confusion or missed obligations.

Additionally, they serve as a liaison between you and any legal professional involved, working closely with real estate attorneys, escrow officers, and transaction coordinators to ensure everything proceeds smoothly, from contract execution to final closing documents.

4. Emotional Support and Decision Confidence

Selling a home isn't just a financial transaction; it's also an emotional one. Your house holds memories, milestones, and meaning. That emotional connection can complicate decision-making, especially when you're faced with multiple strong offers, some of which may come with personal buyer letters or sentimental appeals.

This is where your REALTOR® steps in as both a strategic advisor and a steadying presence. They help you filter emotional bias and focus on what matters most: your long-term goals.

Agents offer objective advice grounded in market trends and real estate expertise. They also serve as a buffer during negotiations, shielding you from the direct back-and-forth with buyers, which can become stressful or overwhelming. This professional distance allows you to stay calm and focused, even when emotions run high.

With a trusted REALTOR® by your side, you're not just making a smart financial move; you're making it with clarity, confidence, and peace of mind.

While receiving multiple offers is a seller's dream, without the right guidance, it can quickly become overwhelming. Thinking about selling your home ? Get expert support through every offer, every negotiation, and every decision. Connect with a top-rated REALTOR® today and sell with confidence.

Signs You’re Ready to Buy a Home in Louisiana (And How a Local Realtor® Can Help You Take the Next Step)

Fri, 27 Jun 2025 18:00:01 GMT

Are you wondering if now’s the right time to stop renting and start putting down roots in Louisiana? Maybe you’re watching friends or coworkers buy homes, or you're feeling stuck as rent prices climb each year. The idea of owning your own home might feel out of reach—or just overwhelming. While buying a home is one of the biggest financial decisions you’ll make, you don’t have to do it alone. A licensed Louisiana Realtor® can walk you through every step: from assessing your readiness and explaining your financing options to helping you find the right home and negotiating a smart offer. Here’s some signs you’re ready to buy, and how a local expert can help you take the leap.

1. You’re Ready to Build Equity

If you’re frustrated by unpredictable rent increases and the feeling that your money is going toward someone else’s investment, homeownership can offer the financial stability you're craving.

A fixed-rate mortgage keeps your monthly housing payment predictable and helps you build equity over time. But navigating your financing options can be tricky—especially with so many loan types and requirements.

That’s where a REALTOR® steps in: they’ll help you understand what you can afford, connect you with trusted local lenders, and show you homes in areas where your mortgage could be lower than your rent.

2. You Have Money for a Down Payment

Whether it’s $3,000 or $30,000, having savings set aside for a down payment, closing costs, or emergencies is a strong sign you’re ready. And here’s a common misconception—you don’t need 20% down to buy a home in Louisiana.

Many first-time buyers qualify for low or no down payment programs , especially in rural or qualifying areas.

A REALTOR® can help you:

Tap into Louisiana Housing Corporation programs
Find homes eligible for USDA Rural Development loans
Connect with lenders offering FHA, VA, or grant-based assistance

3. Your Credit Score Could Qualify You for a Mortgage

If your credit score is on the rise—especially above 620—you’re in a better position than many buyers realize. Higher credit scores often mean better interest rates and lower monthly payments.

Still working on your credit? A REALTOR® can refer you to lenders who understand your unique financial picture and offer guidance on how to qualify. They’ll help you take a realistic look at where you stand now—and what you can do next to reach your goals.

4. You’re Planning to Stay in One Place for a While

Homeownership makes the most sense when you plan to stick around for at least 3–5 years. If you're laying down roots in your community, starting a family, or pursuing a long-term job, buying a home in Louisiana may be the right move.

REALTORS® don’t just help you buy a house—they help you find a home in the right neighborhood , near schools, employers, and amenities that match your lifestyle. They’ll also help you think long-term, weighing factors like resale value and future growth potential.

5. You’re Ready for More Space or Personalization

Renting often means limited space, outdated finishes, and strict rules about what you can and can’t change. If you're dreaming of a backyard, home office, or kitchen you can finally update your way, it might be time to own.

A REALTOR® will listen to what matters most to you—space, layout, location—and help you find homes that fit your needs and budget. They’ll also help you assess which homes might need cosmetic updates and which are move-in ready.

6. You Know How Much Home You Can Afford

If you’ve plugged your income and expenses into a mortgage calculator or gotten pre-approved by a lender, you're ahead of the game. Understanding your monthly payment, estimated taxes, and insurance gives you confidence to move forward.

But interpreting that information in the context of the local market takes experience. A Louisiana REALTOR® can translate your pre-approval into real, active listings, ensuring your expectations match the market. They’ll also help you factor in hidden costs like flood insurance or homeowner association fees, so you avoid surprises.

7. You’re Ready to Talk to a REALTOR®

If you’re curious enough to talk to a REALTOR®, even just to ask questions, you're already taking a smart step forward. REALTORS® serve as your advocate , negotiator, and educator, guiding you through everything from mortgage pre-approval to closing day. With a local expert on your side, the path to homeownership becomes far less intimidating—and far more achievable.

Take the First Step Toward Homeownership in Louisiana

Buying a home isn’t just about finances—it’s about freedom, stability, and building a future. And you don’t have to figure it out on your own.

During National Homeownership Month, now is the perfect time to explore your options. Whether you’re ready to buy or just gathering information, a Louisiana REALTOR® can help you make confident, informed decisions—every step of the way.

Consumer Guide Update: Making Your Home More Energy Efficient

Wed, 25 Jun 2025 20:56:37 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on Making Your Home More Energy Efficient. This guide helps homeowners understand how to reduce energy usage, make cost-effective upgrades, and improve the efficiency and appeal of their home whether they are planning to sell or stay.

Be on the lookout for next week’s guide on Wednesday, which will cover buying a historic property.

Consumer Guide Update: Working with a Real Estate Attorney

Fri, 20 Jun 2025 20:51:45 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on Working with a Real Estate Attorney. This guide explains how real estate attorneys can assist throughout the homebuying process, including reviewing contracts, resolving title issues, and ensuring legal documents are properly completed.

Be on the lookout for next week’s guide on Wednesday, which will cover making your home more energy efficient.

2025 Legislative Session Wrap-up

Tue, 17 Jun 2025 21:14:03 GMT

2025 Regular Legislative Session Wrap-up

The 2025 Louisiana Legislative Session adjourned on Thursday, June 12. Your Louisiana REALTORS® advocacy team was very active and successful during the 60-day legislative session. Your volunteer leadership and staff worked with state legislators on several real estate industry related issues. Legislators debated and voted on many issues including, but not limited to: 

State/local taxes
Homestead exemption 
Blighted property 
Property and auto insurance reform / tort reform 
Contractor Licensing Board and Code Council
Property management

Louisiana REALTORS® was able to produce positive outcomes on the following legislative items: 

PROPERTY INSURANCE AND FORTIFIED HOMES 

HB 121 by Rep. Roy Daryl Adams, D-Jackson:  

HB 121 provides prohibitions relative to public adjusters and home improvement contractors.  

Prohibits adjusters from doing repair work on homes they review for repairs.  
LR supported this bill and was signed into law by the Governor and is now Act 144, effective August 1 ^st .

HB 122 by Rep. Stephanie Berault, R-Slidell and Rep. Tehmi Chassion, D-Lafayette:  

HB 122 creates the Louisiana Roof Registry through the Department of Insurance.  

This registry will include a list of all roofs that are certified as Fortified.
LR supported this bill and was signed by Governor and is Act 62, effective August 1 ^st .

HB 145 by Rep. Roger Wilder III, R-Denham Springs:  

HB 145 supported by LR, increases the tax deduction amount allowed to no more than $10,000 for upgrading a home to the state uniform construction code and fortified standards.

The bill increases the maximum amount of the construction code retrofitting deduction and expands the deduction to cover costs associated with "fortified home" standards compliance.  
The bill limits the amount of the deduction to 50% of the costs paid or incurred to retrofit a residential structure or $5,000, whichever is less.
It retains the 50% limit on the costs paid or incurred but increases the maximum amount of the deduction from $5,000 to $10,000 per retrofitted residential structure.
HB 145 was signed by the Governor on June 20, and becomes Act 473, effective January 1, 2026.

HB 329 by Rep. Troy Hebert, R-Lafayette: 

HB 329 provides for the disposition of proceeds from certain taxes and fees collected by the Department of Insurance. The new law establishes a permanent funding source for the Louisiana Fortify Homes Program. The bill had eight co-authors and was signed by the Governor. Act 79 is effective July 1, 2026.

The first $5 million collected from surplus lines tax dollars (surplus lines tax on all non-admitted lines of business written in Louisiana is 4.85% of base premium) will fund the Louisiana Fortify Homes Program.  
Increases specified LDI licensing fees (by $15) for dedication to the Louisiana Fortified Homes Program from each of the following: first-time applicant fee, application to add lines fee, renewal company appointment or individual fee for one line, and each producer renewal fee for two or more lines; each public adjuster license fee for business entities, residents and non-residents.

HR 341 by Rep. Beau Beaullieu, R-New Iberia:

HR 341 requests the Louisiana Department of Insurance to conduct a comprehensive study on incentives and standard benchmarks for integration into the Louisiana Fortify Homes Program. The resolution passed. 

HB 345 by Rep. John Wyble, R-Franklinton:  

HB 345 provides for notices relative to residential property insurance. LR was in support of this bill.

Amends Policyholder Bill of Rights, requiring carriers to notify policyholders of written intent to non-renew at least 60 days in advance, amended from 30 days, except for nonpayment of premium. Applicable to personal lines. (Commercial lines is already 60 days) 
Also affords a limited grace period for surviving spouse to 60 days. 
The insurer shall include in the notice the cause for which the insurer is failing to renew the policy. 
HB 345 had four co-authors, was signed by the Governor and is Act 182, effective July 1, 2026.

HB 356 by Rep. Jacob Braud, R-Belle Chasse:  

HB 356 creates the Stated Value Homeowner's Policy Act, which allows insurers to offer a stated value policy option to homeowners, providing insurance coverage based on a stated value of the residential property as declared by the homeowner, rather than solely on the market value of the property.

The bill authorizes a homeowner's agent to request a stated value policy on behalf of the homeowner. The proposed law requires homeowners electing a stated value policy to submit to insurers a written payoff statement from the financial institution or other entity holding a mortgage on the property to accurately reflect the outstanding balance or nature of the mortgage on the property at the time of applying for or renewing the insurance policy.
It further requires homeowners to provide a mortgage certificate from the clerk of court indicating the presence or absence of a mortgage on the property.
The bill also adds limitations on liability for assessors or their employees for performing or failing to perform their duties.
The House voted 82-12 to concur in the Senate amendments, sending the bill to the Governor’s desk for his signature. There are 46 co-authors.
This Act shall become effective upon signature by the governor or, if not signed by the governor, upon expiration of the time for bills to become law without signature by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If vetoed by the governor and subsequently approved by the legislature, this Act shall become effective on the day following such approval.
HB 356 was signed by the Governor on June 30, and becomes Act 480, effective June 30, 2025.

SB 28 by Sen Kirk Talbot, R-River Ridge:  

SB 28 would create a state income tax credit of up to $10,000 for homeowners who install storm-resistant roofs that meet fortified standards set by the Insurance Institute for Business and Home Safety.

The goal is to encourage upgrades that could reduce hurricane damage and potentially lower insurance premiums.
The credit would be available to owner-occupied homes with a homestead exemption, excluding new construction, mobile homes and condominiums.
It would apply to qualifying expenses incurred on or after July 1, 2025, and is nonrefundable, though unused portions could be carried forward for up to three years.
The program is capped at $10 million in credits per year and would sunset after December 31, 2031.
LR was in support of this bill, which had five co-authors.
The bill was signed by the Governor and is now Act 404, effective June 20, 2025.

SB 52 by Sen. Patrick McMath, R-Covington:

SB 52 provides an individual income tax exemption for grants from the Louisiana Fortify Homes Program. LR supported this bill, which had nine co-authors. It was signed by the Governor, is now Act 32, and is immediately effective. 

Grant amounts received on or after January 1, 2025, shall be exempt from inclusion in the recipient's taxable income for purposes of state individual income tax as provided in R.S. 47:293(9)(a)(xxvii).

SB 136 by Sen Kirk Talbot, R-River Ridge:  

SB 136 by Sen. Talbot would require insurers to provide personalized rate transparency reports to consumers when offering or renewing homeowners and auto insurance policies.

The reports would break down premium costs by key categories such as reinsurance, claims, commissions and profits, and would have to be written in clear, easy-to-understand language.
The bill was signed by the Governor and is now Act 428, effective January 1, 2026.

SB 137 by Sen Kirk Talbot, R-River Ridge:  

SB 137 by Sen. Talbot would require property and auto insurers to notify the state insurance commissioner within 10 days if they decide to pause, stop or resume writing new policies in any geographic area of the state.

Insurers must disclose the effective date, the lines of insurance affected, the area impacted and a brief explanation for the action.
While the notifications would be confidential and not subject to Louisiana’s public records law, the bill gives regulators more visibility into market shifts that have left some homeowners scrambling for coverage in recent years.
The new reporting rule does not apply to short-term pauses tied to incoming natural disasters like hurricanes.

The Louisiana Department of Insurance will oversee the implementation and can issue rules to enforce the law. The bill was signed by the Governor and becomes Act 429. It is effective January 1, 2026.

REAL ESTATE

HB 6 by Rep. Stephen Jackson, D-Shreveport:  

HB 6 sought to criminalize owners of rental properties that receive payments in full, from tenants for utility services in which the owner knowingly fails to pay the utility bill. 

LR was able to place amendments onto the legislation giving the owner 60 days to rectify the oversight and does not apply to failed payments due to honest mistakes.
HB 6 seeks to go after the party responsible for paying the bill.
This legislation also states it does not apply in a situation where a tenant fails to pay the owner or property manager for their utility payment. 
HB 6 has been signed by the Governor and becomes Act 231, effective August 1 ^st .

HB 139 by Rep. Shane Mack, R-Livingston: 

HB 139 was opposed by LR because parts of the legislation conflicted with the settlement terms of the National Association of REALTORS® lawsuit.

HB 139 contained added additional language on real estate advertising that was vague and ambiguous.  
Finally, HB 139 would have limited contractual freedom.
HB 139 was deferred in the House Commerce Committee in April and was not brought up again for consideration.

HB 256 by Rep. Dixon McMakin, R-Baton Rouge: 

HB 256 changes the terms of the Louisiana Real Estate Commission members from one (1) six-year term to two (2) four-year terms.

LR supported the LREC on this legislation, which had two co-authors.  
SB 256 has been signed by the Governor and becomes Act 256, effective June 11, 2025

HB 288 by Rep. Delisha Boyd, D-New Orleans: 

HB 288 brought the Louisiana Real Estate Appraisal Board in line with new national standards required for the appraisal industry.

LR supported this legislation.  
HB 288 has been signed by the Governor and becomes Act 263, effective January 1, 2026.

HB 300 by Rep. Shane Mack, R-Livingston: 

HB 300 , a Constitutional Amendment, increases the income threshold for purposes of qualifying for the special assessment level.

The constitutional amendment will be on the statewide ballot on November 3, 2026. 
The proposition will read, “Do you support an amendment to increase the maximum amount of income a person may receive and still qualify for the special assessment level for residential property receiving the homestead exemption?”
If successful on the statewide ballot, it will be effective January 1, 2027.
Sent to the Secretary of State as Act 220.

HB 512 by Rep. Tammy Phelps, D-Shreveport: 

HB 512 would have created a criminal penalty for real estate agents and property managers if the owner of the property did not comply with or correct their blighted property with the municipality.

LR offered an amendment to exempt agents and property managers from this legislation.
The bill failed to pass the House of Representatives before adjournment.

HB 578 by Rep. Julie Emerson. R-Carencro: 

HB 578 dealt with sales tax issues.

LR was not able to get an MLS exemption from this tax; however, LR was successful in having the local sales tax rate applied to all members in the parish where the local association is located.
HB 578 has been signed by the Governor and becomes Act 384, effective June 20, 2025.

AUTO INSURANCE / TORT REFORM

Key pieces of legal reform legislation intended to reduce the costs of automotive insurance and reduce the number of frivolous lawsuits have been signed by the Governor:  

HB 148 by Rep. Jeff Wiley, R-Gonzales:

HB 148 became Act 11.

The bill, supported by the Governor and opposed by the insurance commissioner, gives the insurance commissioner more latitude to reject rate increases deemed to lead to “unreasonably” high profits.
Sen. Kirk Talbot, R-River Ridge, amended the bill to return actuarial guardrails.

HB 431 by Rep. Emily Chenevert, R-Baton Rouge:

HB 431 became Act 15.

This is the comparative fault legislation that changes Louisiana’s system so that individuals found to be primarily responsible for their own injury (51% or more at fault) are no longer eligible to collect damages from others.
This shift from pure comparative fault to modified comparative fault aligns Louisiana with most of the country and helps reduce unfair liability. 
The bill has 40 co-authors.

HB 434 by Rep. Jason Dewitt, R-Tioga:

HB 434 became Act 16.

This legislation is the expansion of “No Pay, No Play,” which increases the minimum amount of damages an uninsured driver must suffer before they can seek compensation from another party.
This change encourages drivers to maintain insurance coverage and helps reduce unnecessary claims. 
The bill has 32 co-authors.

HB 436 by Rep. Gabe Firment, R-Pollock:

HB 436 became Act 17.

The legislation deals with immigration status and damages, and limits the ability of individuals who are not lawfully present in the United States to recover certain types of damages in civil lawsuits.

HB 450 by Rep. Michael Melerine, R-Shreveport:

HB 450 became Act 18.

This legislation repeals the Housely Presumption, which infers an injury is automatically caused by an accident unless proven otherwise.
This shifts the burden back to plaintiffs to show a clear connection between an incident and the injury being claimed.  
The bill has 47 co-authors and was effective May 28, 2025.

SB 231 by Sen. Mike Reese, R-Leesville:

SB 231 by Sen. Mike Reese, R-Leesville, addresses the evidentiary aspect of medical expenses paid by insurance, limiting damage awards to the amount actually paid.

The bill would allow judges and juries to see evidence of both billed and paid amounts, but limit recovery to only what was actually paid in cases where private insurance and Medicare are used.
The House amended the bill to remove the language subjecting Medicaid and workers’ compensation claims into the evidentiary changes.
The author concurred in House amendments.
SB 231 was signed by the Governor on June 30, and becomes Act 466, effective January 1, 2026.

OTHER LEGISLATION

HB 519 by Rep. Brian Glorioso, R-Slidell:

HB 519 prohibits the use of a wireless telecommunication device while operating a motor vehicle. LR opposed this bill, which has been introduced many times in past legislative sessions. Provides relative to the operation of a motor vehicle while using a wireless telecommunication device.  

Defines: autonomous vehicle, hands-free wireless telephone, lawfully stationary, motor vehicle, wireless telecommunications device. 
"Lawfully stationary" means any motor vehicle that has stopped, is in park or neutral, or is standing while in gear and not moving, while also in a travel lane or on the shoulder of a public road or highway, including when such action is necessary to observe or avoid conflict with traffic or in compliance with the directions of law enforcement or a traffic control device or signal.
"Wireless telecommunications device" means a cellular telephone, a text messaging device, a personal digital assistant, a stand-alone computer or other electronic device, or any other substantially similar portable wireless device that is readily removable from the vehicle and is used to write, send, or read text or data through manual input.
The term "wireless telecommunications device" shall not mean any device or component that is permanently affixed to a motor vehicle, or a device used hands-free. 
The bill had 11 co-authors. The bill has been signed by the Governor and becomes Act 288; before January 1, 2026, law enforcement shall only issue a written warning.

Consumer Guide Update: Real Estate Auctions

Fri, 13 Jun 2025 20:49:14 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on Real Estate Auctions. This guide explains how real estate auctions work, the different types of auctions buyers may encounter, what risks to consider, and what steps buyers should take before bidding.

Be on the lookout for next week’s guide on Wednesday, which will cover real estate attorneys.

Update from 2025 REALTORS® Legislative Meetings

Fri, 06 Jun 2025 13:58:17 GMT

The National Association of REALTORS® Board of Directors approved a 2026 budget with no dues increase and passed a Professional Standards Recommendation to clarify language in NAR Code of Ethics Standard of Practice 10-5, which prohibits harassment of any person or persons protected under Article 10 of the Code.

A day earlier, the Executive Committee approved another Professional Standards change, revising language for Policy Statement 29 designed to ensure state and local associations can fairly and consistently enforce the Code of Ethics.

Learn more about the changes.

Read the revised Code of Ethics and Standards of Practice.

Board members also approved a consent agenda to elect the 2026 officers and regional vice presidents . Christine Hansen of Ft. Lauderdale, Fla., was elected 2026 President-Elect, and Colin Mullane of Ashland, Ore. was elected 2026 First Vice President.

The meeting opened with a video message from President Donald Trump, who welcomed REALTORS® to Washington and thanked them for support of the House-passed tax reform. NAR routinely invites the U.S. president to address REALTORS® at the Washington meetings. Over NAR's history, nine sitting presidents have addressed the association.

Board Actions

Approved a series of Finance Committee recommendations, accepting the association’s financial statement, approving the 2026 operating and advocacy budgets, and keeping dues at $156. The board actions also redirect $35 of the $45 Consumer Advertising Campaign assessment to operating funds. This change positions NAR to make its next settlement payment in February 2026 and maintain a balanced budget without raising total dues. The remaining $10 for the Consumer Advertising Campaign will fund optimized, metrics-driven activities that reach and engage consumers in critical markets. NAR CEO Nykia Wright and President Kevin Sears explained the shift at the opening session of the conference .

Amended Standard of Practice 10-5 to give state and local associations greater clarity in how to fairly and consistently enforce Article 10 of the Code of Ethics. The amended Standard of Practice says that REALTORS®, in their capacity as real estate professionals, in association with their real estate businesses, or in their real estate-related activities, shall not harass any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.

Made a series of recommendations to the Standards of Practice to bring the language in line with the terms of NAR’s 2024 settlement.

Approved a motion to make one member of the Executive Committee a commercial practitioner who has served as chair, vice chair or liaison of an NAR commercial-related committee or forum to serve a two-year term and be independent of the 10% commercial representation requirement outlined in the NAR Constitution.

Approved a recommendation from the Credentials and Campaign Rules Committee to amend qualifications for president-elect, first vice president and treasurer effective Jan. 1, 2026. Qualifications for top-line officers are now aligned with those already in place for regional vice presidents.

Approved recommendations from the Member Accountability Committee related to applications for volunteer leadership and the Statement of Appropriate Event Conduct. The goal of the recommendations is to ensure members found in violation of the NAR Member Code of Conduct are properly disclosed.

Award Winners

NAR President Kevin Sears announced the 2025 Distinguished Service Award winners James P. Cormier , AHWD, C2EX, of Minneapolis-St. Paul, and Brooke S. Hunt , AHWD, E-PRO, SFR, SRS, C2EX , of Flower Mound, Texas. In addition, the group recognized the winner of the 2024 William R. Magel Award, Anne Marie DeCatsye , CEO of the Canopy REALTOR® Association and Canopy MLS in the Charlotte, N.C., metro area.

REALTORS® Relief Foundation

During the meeting, REALTORS® Relief Foundation President Greg Hrabcak appealed to board members to make a tax-deductible donation. The fund provides housing assistance to victims in the immediate aftermath of a disaster; 100% of funds donated go to disaster relief. “We’ve had devastating wildfires in California, tornadoes in Missouri and Kentucky and flooding in West Virginia, and we’re still in the first half of this year,” Hrabcak said. Before the meeting ended, directors had donated more than $41,000.

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Fri, 06 Jun 2025 00:06:38 GMT

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How to Leverage National Homeownership Month in Your Marketing

Thu, 05 Jun 2025 17:41:54 GMT

Every June, National Homeownership Month shines a spotlight on the importance of homeownership in building strong communities and creating generational wealth. For REALTORS® across Louisiana , this isn’t just a celebration; it’s a prime opportunity to showcase your value, connect with potential clients, and position yourself as a trusted expert in your local market.

Whether you’re working in Baton Rouge, Shreveport, Lafayette, or anywhere in between, here’s how you can use Homeownership Month to elevate your real estate marketing and better serve your community.

Use Social Media to Promote the Value of Homeownership

National Homeownership Month is the perfect time to amplify your message across the platforms where your audience already spends time. Focus your energy on the channels that give you the best return:

Facebook is ideal for reaching local buyers and homeowners, especially Gen X and Boomers. Share success stories, post listing updates, and go live to answer common homeownership questions.
Instagram is a visual-first platform great for showing off home features, before-and-after stories, and quick homeownership tips via reels or carousels. Use local hashtags to get discovered.
TikTok is gaining ground with Millennial and Gen Z buyers . Short, informative videos on topics like "3 things to know before buying your first home" or "What $300K gets you in [Your City]" can perform well.
LinkedIn is a great place to show thought leadership and connect with professionals. Share insights on generational wealth , homeownership statistics in Louisiana, or your community involvement.

Keep your content educational, encouraging, and community-focused. Example ideas include:

Local homeowner success stories (with permission)
Quick reels explaining mortgage terms or equity
Spotlights on Louisiana neighborhoods
First-time homebuyer tips or grant program highlights

Include hashtags like #HomeownershipMonth, #LARealtors, #OwnYourFuture, and always tag Louisiana Realtors to boost visibility and engagement.

Highlight Local Housing Stats and Trends in Louisiana

People want to work with agents who truly understand their market, and Homeownership Month is the perfect excuse to show off your expertise. Sharing housing data doesn’t have to be dry. When done well, it becomes a powerful way to build trust with both buyers and sellers.

Try these tactics:

Post infographics or stories about average home prices, days on market, or inventory levels in your parish.
Write a blog or record a short video explaining what’s influencing the market right now: interest rates, job growth, infrastructure projects, or school improvements.
Compare this year’s trends to past years to highlight how Louisiana’s housing market is evolving.
Break it down by audience: What does this data mean for first-time homebuyers? For homeowners thinking about selling ? For investors?

When you make local data relatable and easy to digest, you become the expert clients remember and refer.

Host or Partner on Community Real Estate Events or Workshops

Looking to build meaningful, real-world connections during Homeownership Month? Hosting or sponsoring a local event is a great way to put yourself in front of buyers, sellers, and community partners while offering helpful, no-pressure education.

Consider:

First-time buyer workshops —host in person at a coffee shop or virtually over Zoom. Cover basics like how mortgages work , what credit scores lenders want , and how to start saving for a down payment .
Lender Q&A panels —team up with a mortgage expert to answer top financing questions.
Home tours + food truck social —invite the community to tour available homes while enjoying local bites.
Local giveaways —partner with home stagers, inspectors, or moving companies to offer a prize that promotes your network and supports local businesses.

Don’t forget to promote your event through your email list, social channels, and neighborhood Facebook groups. The more accessible you make the experience, the more trust you’ll build.

Collaborate with Other Louisiana REALTORS® or Affiliates

You don’t have to do this alone. Collaborating with fellow professionals during Homeownership Month not only eases your workload; it expands your reach and brings new energy to your content.

Here are a few ways to work smarter, not harder:

Co-host an Instagram Live with another REALTOR® in a different part of the state to talk market trends.
Create a joint newsletter or blog featuring tips from agents, lenders, and inspectors across Louisiana.
Start a short video series featuring different members of your local REALTOR® association sharing their “why” behind helping clients become homeowners.

By showing that you’re connected, resourceful, and community-focused, you’ll position yourself as a true partner, not just a salesperson.

Update Your Website and Email Marketing to Reflect the Moment

Your website and email are often the first places potential clients go to learn about you, so don’t miss the chance to align those channels with the Homeownership Month message.

Make quick but impactful updates like:

A homepage banner or pop-up celebrating Homeownership Month
A dedicated landing page with tips for first-time buyers or current listings
A timely email newsletter featuring blog content, local market stats, and a reminder to schedule a consultation

Not sure what to say? Keep it simple:

“This June, we’re celebrating homeownership and the incredible impact it has on Louisiana families. Whether you’re ready to buy your first home or just exploring what’s possible—I’m here to help.”

Pair it with a clear CTA like “Let’s talk about your goals.”

As a Louisiana REALTOR®, you don’t just help people buy and sell homes. You help them find belonging, stability, and a path toward financial freedom. Let your marketing this month reflect that purpose. Show your community that you're here to help them, not just move in, but move forward.

What Homeownership Means for Building Wealth—Talking Points for Your Buyers

Mon, 02 Jun 2025 12:00:23 GMT

June is National Homeownership Month—a time to celebrate the value of homeownership and the role it plays in building stronger families, neighborhoods, and communities. It's also the perfect opportunity to reinforce the financial benefits of owning a home , especially with buyers who are on the fence.

As a Louisiana REALTOR®, your guidance can be the tipping point. Below are key insights and ready-to-use talking points to help you show your clients how homeownership is more than just a place to live—it's a smart strategy for long-term wealth building, especially right here in our state.

Why Homeownership Builds Wealth

Equity Accumulation Over Time

One of the simplest—but most powerful—ways homeowners build wealth is by paying down their mortgage . With every monthly payment, your client owns a little more of their home. That ownership, or equity, is real, tangible wealth they can later tap into or pass down.

Example Talking Point:

"With every mortgage payment, you're building equity—something you don't get when you're renting."

Property Value Appreciation

Historically, home values tend to appreciate over time. While real estate markets fluctuate, the long-term trend shows that buying property can lead to significant gains. And in many parts of Louisiana—from Baton Rouge to Lafayette to Lake Charles—housing markets have shown strong, steady growth.

Example Talking Point:

"The home you buy today in Louisiana could be worth significantly more in just a few years—especially in high-demand areas like Acadiana or Greater New Orleans."

A Built-In Savings Plan

A mortgage acts as a forced savings account . Rent is gone the moment it's paid, but mortgage payments contribute to an asset your client can later sell or refinance. In a state where property taxes are comparatively low, the monthly cost of owning a home is often closer to—if not lower than—rent.

Example Talking Point:

"Owning a home helps you build wealth without even thinking about it. Every payment is an investment in your future."

Stat: In many Louisiana cities, the average rent for a 3-bedroom apartment is around $1,200–$1,500, while the monthly mortgage for a similarly priced home (with 5–10% down) could be lower, especially with favorable local mortgage programs.

Real-World Talking Points You Can Use

Here are a few quick, confidence-building lines you can use during buyer consultations or listing presentations:

"You're investing in yourself, not your landlord."
"Real estate is one of the few appreciating assets you can live in."
"You'll lock in your housing cost instead of facing rising rents every year."
"You can borrow against your home equity if you ever need it—something renters can't do."

These statements not only reassure buyers but also help them see the long-term benefits clearly.

Homeownership Creates Generational Wealth

For many Louisiana families, a home is more than shelter—it's the largest asset they own. That asset can become a stepping stone for the next generation through inheritance, equity sharing, or even funding college tuition or retirement through refinancing or downsizing.

Example Talking Point:

"This isn't just a home for today—it's a foundation your family can build on for years to come."

Encourage your clients to think long-term. Framing the conversation around generational wealth often helps buyers see the bigger picture.

Tackling Common Homebuyer Concerns

What if the market shifts?

Homeownership is a long-term investment . While the market may have ups and downs, values generally rise over time. If your buyer stays put for several years, they're likely to benefit from appreciation.

What if I move in a few years?

Help your buyer consider rental potential or the equity they'll have gained. In many Louisiana markets, even a short time in a home can yield a solid return—especially when compared to paying rent.

Tools and Resources for Educating Buyers

Equip yourself (and your clients) with simple tools to visualize the benefits:

An equity calculator to show growth over time
Rent vs. own cost comparison charts
Success stories or testimonials from past clients
Infographics you can share on social media
A quick email campaign or handout summarizing these key points

National Homeownership Month gives you a timely reason to reach out, educate, and convert leads. Use the talking points above in your consultations, social media, and open houses to guide buyers toward a confident "yes."

Whether you're working with first-time buyers or seasoned investors, reminding them of the wealth-building power of homeownership can be the insight that earns their trust—and their business.

Recent Advocacy Wins

Fri, 30 May 2025 14:24:32 GMT

NAR works diligently to make an impact on vital issues like housing supply and affordability, property rights and fair housing—that's The Advocacy Effect.

[ LEARN MORE ]

2025 NAR Advocacy Highlights

Recent advocacy wins:

Protected your Independent Contractor Status
Preserved the 1031 Like-Kind Exchange
Ensured continuity of the National Flood Insurance Program
Defeated 11 harmful tax changes in Congress

[ SEE THE IMPACT ]

Empowering Your Success Through Advocacy

As a champion for property rights and homeownership, you can help drive meaningful change by tapping into NAR’s extensive toolkit of programs, grants and resources—all designed to fuel your success and amplify your impact.

Advocacy Scoop Podcast : episodes packed with real-time perspectives on critical legislation impacting the real estate industry → [ Listen Now ]
Fairhaven 2.0 Simulation: training that brings real-life scenarios and fulfills NAR’s Fair Housing Requirement. → [ Start Now ]
Community Outreach Grants: Apply for funds that increase your association’s visibility and community impact → [ See How ]
REALTOR® Party: help elect REALTOR® champions who protect our members' interests on Capitol Hill. → [ Participate ]
REALTORS® Political Action Committee (RPAC): invest in advocacy that protects their business. → [ Learn More ]

Consumer Guide Update: Assistance Programs

Wed, 28 May 2025 17:05:53 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on assistance programs. This guide explains how to identify the right assistance program for your needs, the types of expenses these programs can help with, and what steps to take to access support.

Be on the lookout for next week’s guide on Wednesday, which will cover real estate auctions.

Consumer Guide Update: Buyer’s vs. Seller's Market

Fri, 23 May 2025 16:24:10 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on Buyer’s vs. Seller’s Markets. This guide explains how knowing whether conditions favor buyers or sellers can help consumers make smarter, more confident decisions when buying or selling a home.

Be on the lookout for next week’s guide on Wednesday, which will cover assistance programs.

Tax Reform Bill Clears House With Key Real Estate Provisions

Fri, 23 May 2025 14:50:24 GMT

The House of Representatives early this morning passed the One Big Beautiful Bill Act that delivers significant wins for the real estate sector, reinforcing tax provisions long championed by the National Association of REALTORS®.

NAR’s advocacy team successfully secured its top five tax priorities in the bill, including an enhanced small business tax deduction, a strengthened state and local tax deduction, and protections for the mortgage interest deduction. The bill also makes the current lower individual tax rates permanent and increases the child tax credit, moves that could help increase homeownership access for more American families.

In addition to NAR’s top tax priorities, the bill includes a broad range of other NAR-supported provisions—such as enhancements to the Low-Income Housing Tax Credit, estate tax certainty, renewed Opportunity Zone incentives, and the creation of tax-advantaged child investment accounts that can be used for qualified expenses of the beneficiary such as first-time home purchases—all of which strengthen housing affordability, investment, and generational wealth.

“We appreciate House leaders for taking this important step with a bill that supports hardworking families and strengthens the real estate economy. With lower tax rates, SALT relief, and new incentives for small businesses and community development, this proposal brings real benefits to everyday Americans,” says Shannon McGahn, NAR executive vice president and chief advocacy officer.

“While significant changes are possible as this bill moves to the Senate, NAR will stay closely engaged with lawmakers to ensure real estate remains a central focus,” McGahn says. “We are committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American Dream within reach for more families.”

In a recent national survey commissioned by NAR, Americans expressed strong support for retaining provisions in the 2017 Tax Cuts and Jobs Act critical to the real estate economy and homeownership. Fully 76% of voters are aware of efforts to extend the Tax Cuts and Jobs Act. Among those familiar with the law, support grows significantly when specific provisions are highlighted—86% back lower income tax rates for individuals and married couples, 83% support a new 20% deduction for independent contractors and small businesses earning under $400,000, and 80% favor tax incentives aimed at spurring investment in underserved communities.

The national survey of 1,000 registered voters was commissioned by NAR and conducted by Public Opinion Strategies and Hart Research April 3–6, 2025. It has a margin of error of 3.10%.

Below is a summary of the provisions included in the current bill:

Top Five NAR Tax Priorities

1. Qualified Business Income Deduction (Section 199A)

The bill permanently increases the QBI deduction from 20% to 23%.
This deduction benefits more than 90% of NAR members, who are classified as independent contractors or small business owners.
83% of voters said they supported the 20% tax deduction for independent contractors and small businesses making less than $400,000 a year, according to NAR’s national poll.

2. State and Local Tax Deduction (SALT)

The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty. Thus, whether taxpayers are single filers or married couples filing a joint return, they can deduct a maximum of $40,000 in state and local taxes. The income cap and deduction both grow 1% every year over a 10-year window.

3. Individual Tax Rates

Current individual tax rates, lowered as part of the TCJA, are made permanent and indexed for inflation, aiding taxpayers and improving affordability for prospective homebuyers.
86% of voters support the lowered income tax rates for individuals and married couples, according to NAR’s national poll.

4. Mortgage Interest Deduction (MID)

The draft preserves and makes permanent the MID at its current level, maintaining a key tax benefit for homeowners and supporting housing market stability.
There had been concern MID might be reduced or eliminated as a budget offset
91% of voters support maintaining tax incentives such as the mortgage interest deduction for homeowners, according to the NAR poll.

5. Business SALT and 1031 Like-Kind Exchanges

The draft bill protects Section 1031 like-kind exchanges, which are often erroneously regarded as a tax loophole.
It also includes no changes for most businesses deducting state and local taxes (sometimes referred to as “Business SALT").
While the bill does provide limits in state-level business SALT workarounds for certain high-income professionals (e.g., law firms, hedge funds, consulting businesses, and other services), the provisions do not appear to impact real estate professionals.

Additional Positive Tax Provisions for Real Estate Economy

Low-Income Housing Tax Credit (LIHTC)
Key provisions from the LIHTC Improvement Act will be included to support affordable housing development.
Child Tax Credit Increased to $2,500 (2025–2028)
Temporarily raises the child tax credit through 2028 and then indexes it for inflation starting in 2029.
The child tax credit supports families and could help with housing affordability.
Creation of Tax-Advantaged Child Investment Accounts
Can be used for qualified expenses of the beneficiary such as first-time home purchases.
Permanent Estate and Gift Tax Threshold Set at $15 Million (Inflation-Adjusted)
Prevents a significant drop in exemption levels and supports generational wealth transfer, aligning with NAR priorities.
No Top Tax-Rate Increase
The proposed 39.6% top rate was removed from the bill.
Restoration of "Big 3" Business Tax Provisions
Full expensing of research and development (R&D)
Bonus depreciation
Fixes to interest expense deduction limits
Immediate Expensing for Certain Industrial Structures
Applies to structures used in manufacturing, refining, agriculture and related industries.
No Change to Carried Interest Treatment
Opportunity Zones
Renewed with revised incentives to encourage targeted investment, including in rural areas.
80% of voters expressed support for tax incentives for investors to encourage economic growth and development in underserved and poorer communities, according to NAR’s recent national poll.

How a REALTOR® Can Help You Use Home Equity to Make Your Next Move

Wed, 21 May 2025 14:13:26 GMT

If you've been thinking about moving but aren't sure how to afford it, there's a good chance you're sitting on the answer: your home equity. Many homeowners don't realize how much equity they've built—or how a REALTOR® can help them turn it into the key to their next home.

Understanding your equity is more than just knowing a number—it's about knowing how to use it to reach your goals. That's where an experienced real estate professional can make all the difference.

What Is Home Equity?

Home equity is the portion of your home you truly own. It's calculated by taking your home's current market value and subtracting what you still owe on your mortgage. For example:

Home value: $400,000
Mortgage balance: $250,000
Equity: $150,000

Over time, your equity grows as you pay down your loan and as your home appreciates in value—especially in strong housing markets.

How a REALTOR® Can Help You Understand Your Equity

Most homeowners have a general idea of what their house is worth—often based on online estimates or what they've heard from neighbors. But while those sources can offer a ballpark figure, they rarely reflect the full picture. That's because real estate values are influenced by many nuanced factors , including market conditions, recent comparable sales (known as "comps"), and even buyer demand in your specific neighborhood.

This is where a REALTOR®'s expertise makes a real difference. They can prepare a Comparative Market Analysis (CMA)—a detailed report that goes far beyond a Zestimate or automated valuation.

A CMA evaluates:

Recent home sales in your area that closely match your home's size, features, and condition
Current listings and pending sales to show how your home compares to active competition
L ocal market trends , such as rising or falling demand, time on the market, and seasonal shifts
Neighborhood factors like school ratings, walkability, and community amenities that impact value

With this data in hand, you'll learn:

How much your home is worth today, based on real-time market activity—not outdated estimates
What buyers are paying in your area, so you can understand how your home fits into the current landscape
How much equity you've likely built up once your market value is compared to your remaining mortgage balance

This isn't just useful information—it's the foundation for making a confident, informed decision about your next move. Whether you're upsizing, downsizing, or simply exploring your options, knowing your true home value puts you in control of your financial future.

How a REALTOR® Helps You Put Your Equity to Work

Once you know how much equity you've built, the next step is understanding how to strategically use it—and that's where a knowledgeable REALTOR® becomes your most valuable resource.

Home equity is more than just a number on paper. It's a powerful financial tool that can open doors to new opportunities, and your REALTOR® can help you decide which path makes the most sense for your personal goals and current situation.

Here are a few common ways homeowners use their equity:

Make a larger down payment on your next home: The more equity you apply to your next purchase, the stronger your buying position. A larger down payment can reduce your monthly mortgage, help you avoid private mortgage insurance (PMI), or even allow you to move into a higher-value home than you thought possible.
Pay off debts or cover closing costs: Some homeowners choose to use a portion of their equity to eliminate high-interest debt, pay off student loans, or cover the closing costs and moving expenses associated with buying and selling. This can free up monthly cash flow and reduce financial stress as you transition into your next home.
Fund home renovations to increase resale value : If your home needs updates or repairs before hitting the market, equity can be used to finance those improvements. Strategic renovations—like updating kitchens or bathrooms, replacing flooring, or enhancing curb appeal—can boost your home's value and help it sell faster and for a higher price.

Your REALTOR® will help you evaluate these options in the context of your financial goals, timeline, and local market conditions.

Your home isn't just where you live—it's also one of your greatest financial assets. With the right guidance, you can turn your equity into the next step toward a home that better fits your life. Reach out to a local REALTOR® for a free home valuation and personalized guidance. Your next move might be more within reach than you think.

2025 Spring Into Action Conference Recap

Fri, 16 May 2025 19:04:38 GMT

Louisiana REALTORS® successfully hosted their annual Spring Into Action Legislative Conference in Baton Rouge on May 6-7, 2025.

The two-day event provided REALTORS® the latest in industry changing issues while engaging in conversations with the state’s legislators and their peers. The conference kicked off with a pre-conference Appraiser Day hosting education devoted to that specialty. That evening, the LARPAC fundraising event celebrated Cinco de Mayo with the 80s cover band The Spazmatics and both live and silent auctions.

The next day, REALTOR® Day, began with a breakfast expo with tabletop one-on-one discussions with partners of the real estate industry. Attendees then took part in education sessions on fair housing, code of ethics and professionalism. After a luncheon full of legislative updates from Louisiana REALTORS®, Senate President Cameron Henry, Jr. and NAR President Kevin Sears, attendees braved the weather and headed to the Capitol to advocate to lawmakers about the key issues impacting the real estate industry. The conversations continued at the Legislative Reception later that evening. From in-depth legislative updates to face-to-face meetings with our elected officials, this event brought our community together to amplify our voices and shape the future of real estate.

Other conference highlights included a reception for our YPN members, local leadership forums and governance meetings. On Wednesday, Misty Ingersoll was elected as the 2026 Secretary/Treasurer and Marsha McGraw-Barbera was elected as NAR Small Board rep by the LR Board of Directors.

Additionally, the following were elected to their 2026 positions by means of acclamation: David Favret, President-Elect; Kyle Straughn, Region I RVP; Tim Castle, Region II RVP; Leslie Victory Ortego, Region III RVP; Sabrina Pierre, Region IV RVP; Cindy Dyer, NAR Medium Board; David McKey, NAR State Allocated Specialty Director. Congratulations to Eloise Gauthier on receiving the REALTOR® of the Year Award!

Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Fall Governance Meetings and Installation, October 6-8, 2025, at the Renaissance Hotel in Baton Rouge.

Take a peek of a quick recap on the day in the video and below!

We would like to thank our sponsors La Capitol Federal Credit Union , Guard Home Warranty , realtor.com , The CCIM Institute Louisiana Chapter , CRS and Women's Council of REALTORS® Louisiana for their generous support in helping make this conference happen!

The Role of REALTORS® in Disaster Relief and Community Recovery

Thu, 15 May 2025 17:47:52 GMT

In Louisiana, disaster recovery isn’t just a phase; it’s a way of life. From hurricanes and floods to tornados and wildfires, our communities have weathered more than their fair share of storms. And in the aftermath, while first responders and volunteers are on the ground offering immediate help, REALTORS® are already thinking long-term: How do we help our neighbors rebuild not just their homes, but their lives?

Across the state, Louisiana REALTORS® are stepping up in big and small ways to support recovery, rebuild housing stability, and restore communities. Here’s how they do it and why it matters.

How REALTORS® Help Communities Rebuild After a Disaster

When disaster strikes, the housing market doesn’t pause; it shifts. Families may be displaced. Homes may be damaged or destroyed. Rental properties become scarce. And neighborhoods face long, difficult paths to recovery. REALTORS® are often among the first professionals to help families navigate these transitions.

Whether it’s helping a family find temporary housing, working with insurance adjusters, or guiding sellers through storm-related repairs before a sale, REALTORS® understand the unique challenges that come with disaster recovery.

Their expertise in local zoning, rebuilding requirements, and market conditions makes them essential partners in restoring stability to communities in crisis. And because they live and work in the neighborhoods they serve, their motivation is deeply personal.

Disaster Relief Support from Local REALTOR® Associations

Louisiana REALTORS® aren’t just helping one-on-one, they’re mobilizing as a force for organized relief. Local REALTOR® associations across the state have led donation drives, coordinated volunteer cleanups, and provided emergency funding to those affected by storms.

The Louisiana REALTORS® Relief Fund , for example, offers financial support to families facing sudden housing crises after natural disasters. These funds help pay for essentials like temporary lodging, home repairs, or rental deposits, getting families back on their feet faster.

By working with local emergency response agencies and long-term recovery organizations, REALTOR® associations help ensure housing stability remains a priority in every stage of disaster response.

Helping Homeowners Navigate Insurance, Repairs, and Resale

After the immediate crisis passes, homeowners are often left with tough questions:

Is my home still safe to live in?
Can I afford repairs?
Should I sell and start over?
What’s my home even worth now?

REALTORS® provide the guidance needed to make informed, confident decisions in uncertain times. They can help connect homeowners with home inspectors , trustworthy contractors, and insurance adjusters. They know which disclosures are legally required when selling a home with past damage and how to market it effectively despite a difficult history.

With a REALTOR® on your side, you’re not just reacting to a disaster. You’re strategically rebuilding your future.

Why REALTOR® Advocacy Matters in Disaster Planning and Recovery

Behind the scenes, Louisiana REALTORS® are also advocating for smarter housing policies that protect communities before, during, and after disasters. From working with lawmakers to improve floodplain maps and infrastructure to supporting state and federal disaster relief legislation, REALTORS® are using their voices to shape safer, more resilient housing systems.

Their advocacy ensures that real-world experience—what families go through during evacuations, what rebuilding truly costs, what delays homeowners face—is reflected in the policies that impact Louisiana’s most vulnerable communities.

REALTORS®: Your Partners in Recovery and Resilience

Disasters test the strength of a community. REALTORS® help rebuild it.

Whether they’re organizing supply drives, walking clients through FEMA paperwork, or fighting for stronger housing protections, Louisiana REALTORS® are doing far more than buying and selling homes. They’re restoring hope, one family at a time.

If you’ve been impacted by disaster, or want to prepare for the next one, connect with a local REALTOR® who understands your community and your needs.

Consumer Guide Update: Your Home and Estate Planning

Wed, 14 May 2025 18:23:14 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on estate planning. This guide explains how estate planning can help homeowners protect their property and ensure it is passed on according to their wishes, covering tools like wills, trusts, and title planning.

Be on the lookout for next week’s guide on Wednesday, which will cover the differences between a buyer’s market and a seller’s market.

Consumer Guide Update: Mortgage Interest Tax Deductions

Fri, 09 May 2025 18:02:27 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on mortgage interest tax deductions. This guide explains how the deduction works, when it may be useful, and how NAR is working to preserve the tax benefits of homeownership.

Be on the lookout for next week’s guide on Wednesday, which will cover estate planning.

The Power of Homeownership: How REALTORS® Help Build Generational Wealth

Tue, 06 May 2025 15:27:00 GMT

For many families in Louisiana, owning a home is more than just a milestone. It’s a turning point. Homeownership opens the door to long-term financial security, family stability, and the ability to build wealth that lasts for generations. Whether you're buying your first home or guiding clients through the process as a REALTOR®, understanding how homeownership creates generational wealth is key to making confident, future-focused decisions.

Let’s explore how real estate can be a powerful financial tool and how REALTORS® across Louisiana help make it possible.

How Homeownership Builds Long-Term Financial Security

When you buy a home, you’re not just putting a roof over your head; you’re investing in an asset that can grow in value over time. As you pay down your mortgage, you build equity. That equity becomes a powerful financial resource you can borrow against, leverage, or pass on.

Unlike rent, which disappears each month, mortgage payments contribute to ownership. Over time, appreciation in property value combined with consistent equity growth can lead to substantial financial gains. This is how many families build the foundation for wealth that supports not just their own futures but their children’s futures, too.

Why Working with a REALTOR® Gives Buyers a Competitive Advantage

Buying a home is one of the most important financial decisions a person will ever make. Having a trusted REALTOR® on your side means having an expert who knows the market, negotiates on your behalf, and ensures you’re making smart, informed decisions.

REALTORS® bring deep knowledge of Louisiana’s neighborhoods, school zones, property taxes, and home values. They stay up-to-date on home financing options , local ordinances, and available programs that may help you save money or qualify for assistance. In competitive markets, this guidance can make the difference between getting your dream home or missing out.

For REALTORS®, helping clients build wealth through real estate isn’t just about closing deals; it’s about building lasting relationships and stronger communities.

Overcoming Common Homebuying Challenges in Louisiana

Many aspiring homeowners worry that buying a home is out of reach. From saving for a down payment to managing credit scores and navigating fluctuating interest rates, the process can feel overwhelming. But it doesn’t have to be.

REALTORS® in Louisiana are equipped with the tools and local insights to help clients overcome these hurdles. They can connect buyers with first-time homebuyer programs, explain financing options like FHA loans or rural development loans, and help prepare offers that stand out, even in a competitive market.

In addition, REALTORS® advocate for clients who may face systemic barriers to homeownership. By promoting fair housing practices and educating buyers, REALTORS® play a vital role in expanding access to wealth-building opportunities across all communities.

The Role of Real Estate in Building Generational Wealth

Real estate has long been one of the most reliable ways to build and pass down wealth. A home can be the first major asset in a family's financial portfolio and one that continues to grow in value year after year. It can fund college tuition, launch a small business, or become a legacy for future generations.

In Louisiana, where homeownership brings not just financial benefits but deep community roots, the impact is even more powerful. REALTORS® understand this. That’s why they work tirelessly to guide, protect, and empower their clients every step of the way, from that first showing to the day they hand over the keys.

Take the First Step Toward Building Wealth Through Homeownership

If you’re ready to turn rent payments into equity and dreams into a generational legacy, it’s time to connect with a REALTOR®. Whether you're buying your first home or helping others find theirs, working with a Louisiana REALTOR® is one of the smartest decisions you can make. Find a trusted REALTOR® near you and start your path to generational wealth today.

NAR President Kevin Sears Shares Details on Multiple Listing Options for Sellers

Tue, 06 May 2025 13:08:56 GMT

Following NAR’s announcement of its new MLS policy, Multiple Listing Options for Sellers, NAR President Kevin Sears has recorded a video message to share additional details about the policy, how it came to be, and how it will benefit consumers.

As the real estate industry continues to analyze and digest the new policy and NAR’s assessment of its Clear Cooperation Policy, President Sears shares his perspectives and insight into the decision-making process. As part of the continued conversation, the NAR leadership team continues to speak with agents, brokers, MLS executives, and association executives ahead of the September 30 deadline to implement Multiple Listing Options for Sellers.

Additional resources remain available at facts.realtor , including a comprehensive set of frequently asked questions .

Consumer Guide Update: Overcoming Barriers to Homeownership

Fri, 02 May 2025 17:52:13 GMT

As we previewed last week, NAR is pleased to share the latest consumer guide focused on overcoming barriers to homeownership. April is Fair Housing Month, and this guide covers the many laws, programs, financing options, and real estate professionals that help promote housing affordability and accessibility for all.

Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover mortgage interest deductions.

Luxury Meets Affordability

Mon, 28 Apr 2025 20:16:43 GMT

Enjoy exclusive savings with the LR Avis and Budget Car Rental Savings Program! Save up to 25% with Pay Now, plus enjoy double upgrades and special offers. Benefit from complimentary Avis Preferred® and Budget Fastbreak® memberships to skip the counter at most airports. Choose "Pay Later" for flexible reservations with no cancellation fees. Stay safe with our CDC-compliant safety programs. Maximize your travel budget with this exclusive membership perk!

Book now with Budget using offer code B203962 and coupon UUWZ007 .

Book now with Avis using offer code B203962 and coupon UUWA012 .

Consumer Guide Update: Understanding & Protecting Yourself from Title Fraud

Fri, 25 Apr 2025 17:46:19 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on title fraud. This guide covers common tactics criminals use to steal property titles and how current and prospective homeowners can protect themselves.

Be on the lookout for next week’s guide on Wednesday, which will cover “Overcoming the Barriers to Homeownership” in honor of Fair Housing Month.

Consumer Guide Update: Buying Land and Building a New Home

Thu, 17 Apr 2025 22:43:14 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on buying land and building a new home. This guide covers how to find land for sale, explains construction loans, and weighs the pros and cons of building a custom home.

Be on the lookout for next week’s guide on Wednesday, which will cover property title theft.

5 Negotiation Secrets Smart Buyers Use to Get Better Deals—And How a REALTOR® Can Help

Wed, 16 Apr 2025 16:09:00 GMT

Negotiating a real estate deal can be overwhelming, especially for buyers who don’t have experience with the process. From understanding market value to knowing when to walk away, having the right strategy can make all the difference. That’s where a REALTOR® becomes an invaluable asset. With expert knowledge, strong negotiation skills, and market insight, a REALTOR® can help buyers secure the best possible terms. Here are five key negotiation strategies smart buyers use—and how working with a REALTOR® provides a competitive edge.

1. Leverage Market Knowledge to Make Smarter Offers

One of the biggest mistakes buyers make is assuming a listing price reflects a home’s actual value. The real estate market is constantly shifting, and pricing is influenced by many factors such as recent comparable sales, inventory levels, and seasonal trends. A well-informed buyer is always in a stronger position to negotiate effectively.

How a REALTOR® Helps:

Provides a Comparative Market Analysis (CMA) to determine a property’s true market value.
Tracks local market trends to identify whether it’s a buyer’s or seller’s market.
Analyzes pricing patterns to ensure offers are competitive but not overinflated.

2. Understand the Seller’s Motivation to Strengthen Your Position

Every seller has different motivations for listing their home. Some need to relocate quickly, while others may be waiting for the best offer. Understanding these motivations can help buyers craft offers that appeal to the seller’s priorities beyond just price.

How a REALTOR® Helps:

Communicates with the listing agent to gather insights into the seller’s situation .
Crafts offers that align with the seller’s needs, such as a quicker closing or flexible move-out dates.

3. Spot Hidden Deals in Stale and Expired Listings

Homes that remain on the market for an extended period often indicate an opportunity for negotiation. Sellers may be more willing to lower their price or offer better terms to close the deal.

How a REALTOR® Helps:

Identifies stale listings where sellers may be open to price reductions.
Searches expired listings and contacts owners who may still be interested in selling off-market.

4. Negotiate Like a Pro by Keeping Emotions in Check

Buying a home is an emotional process, but letting emotions drive decisions can lead to overpaying or accepting unfavorable terms. The most successful buyers remain objective throughout negotiations.

How a REALTOR® Helps:

Serves as a buffer between buyers and sellers to keep negotiations professional.
Provides objective advice to prevent buyers from overbidding due to emotional attachment.
Keeps the focus on securing the best possible deal rather than rushing the process.

5. Know When to Walk Away

Sometimes, the best negotiating tactic is being willing to walk away. If a seller refuses to budge on price or contingencies, buyers who are prepared to move on often gain the upper hand.

How a REALTOR® Helps:

Identifies potential deal-breakers, such as overpriced homes or costly inspection issues.
Ensures buyers have alternative options so they don’t feel pressured to settle.
Uses strategic timing, knowing when to push forward and when stepping away may prompt a seller to reconsider.

Why a REALTOR® is Essential in Negotiations

Having an expert negotiator on board can save buyers time, money, and stress. A REALTOR®:

Handles tough negotiations to secure the best possible deal.
Uses market insights to craft strong, strategic offers.
Protects the buyer’s best interests throughout the entire transaction.

With the right REALTOR® leading the negotiation, buyers can confidently navigate the process and maximize their chances of securing the perfect home at the best price. Ready to start the search? Connect with a local real estate expert today!

Consumer Guide Update: Deeds and Titles

Fri, 11 Apr 2025 22:39:09 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on deeds and titles. This guide covers the difference between a deed and a title, common types of deeds, and title searches and insurance.

Be on the lookout for next week’s guide on Wednesday, which will cover buying land / constructing a new home.

How to Handle Fair Housing Complaints: A Step-by-Step Guide for REALTORS®

Thu, 10 Apr 2025 16:19:21 GMT

Fair housing laws are a critical component of the real estate industry, ensuring that everyone has equal access to housing opportunities. As a Louisiana REALTOR®, understanding how to handle fair housing complaints properly is essential to protecting your reputation, maintaining compliance, and serving your clients fairly.

This guide will walk you through the step-by-step process of handling fair housing complaints so you can navigate these situations professionally and in accordance with the law.

Understanding Fair Housing Laws in Louisiana

The Fair Housing Act (FHA) prohibits discrimination in housing based on race, color, national origin, religion, sex (including gender identity and sexual orientation), disability, and familial status. In Louisiana, state laws also reinforce these protections, and additional local ordinances may apply in certain municipalities.

Failing to comply with fair housing regulations can result in serious legal and financial consequences, making it imperative for REALTORS® to understand their responsibilities.

6-Step Approach for Handling and Preventing Fair Housing Complaints

Step 1: Stay Calm and Professional When a Complaint is Filed

Receiving a fair housing complaint can be stressful, but it’s important to remain calm and approach the situation professionally. Complaints can be filed by potential buyers, renters, or third-party organizations, and they don’t always mean that a violation has occurred.

Listen carefully to the complaint without making immediate judgments.
Reassure the complainant that their concerns are taken seriously.
Avoid making any statements that could be interpreted as dismissive or defensive.

Step 2: Review the Fair Housing Complaint and Gather Relevant Documentation

Once you receive a fair housing complaint, review the details carefully. This may come from a client, a local fair housing agency, or the Louisiana Real Estate Commission (LREC) .

Key documents to gather include:

Correspondence (emails, text messages, phone logs)
Advertising materials related to the property in question
Transaction records, applications, or screening criteria used
Any notes or logs related to interactions with the complainant

Having clear documentation can help you determine whether there is merit to the claim and how to respond appropriately.

Step 3: Consult Your Broker and Legal Counsel

If you receive a formal complaint, notify your broker immediately. Brokers often have experience dealing with fair housing issues and can provide valuable guidance.

Additionally, seeking advice from a real estate attorney who specializes in fair housing laws can help ensure that you follow the correct legal procedures. Never attempt to resolve a fair housing complaint without consulting the appropriate professionals.

Step 4: Respond to the Complaint in a Timely Manner

Most fair housing complaints are filed with the U.S. Department of Housing and Urban Development (HUD) , a local fair housing office, or the Louisiana Human Rights Commission . Each agency has specific deadlines for responding to a complaint.

If the complaint is from HUD, you will typically have 10 days to respond.
If it’s filed through a local agency, check with them to confirm the response deadline.

Your response should be factual, professional, and supported by documentation. Avoid emotional language or defensive tones in your written response.

Step 5: Cooperate with Investigations and Mediation

If the complaint progresses, an investigation may take place. This can involve:

Interviews with involved parties
Review of transaction records
Requests for additional documentation

In some cases, mediation may be offered as an alternative to legal proceedings. Mediation can be a beneficial way to resolve disputes without litigation, especially if the issue resulted from a misunderstanding or miscommunication.

Step 6: Implement Fair Housing Best Practices to Prevent Future Complaints

To minimize the risk of fair housing complaints in the future, REALTORS® should take proactive steps, including:

Regular Fair Housing Training – Stay up to date with fair housing regulations by attending Louisiana REALTORS® and LREC training sessions .
Consistent Screening and Marketing Practices – Ensure that all applicants and clients are treated equally, using objective criteria.
Clear and Inclusive Communication – Avoid language in advertisements or discussions that could be perceived as discriminatory.
Documentation of All Transactions – Keeping thorough records helps protect you if a complaint arises.

Fair housing complaints can be a serious matter, but handling them professionally and in accordance with legal requirements will protect both your reputation and your business. By understanding fair housing laws, responding appropriately, and implementing best practices, you can ensure compliance and foster a fair and inclusive housing market.

Provide Your Input on the Residential Agreement to Buy or Sell & Residential Property Disclosure Forms

Thu, 03 Apr 2025 16:44:48 GMT

Provide Your Input on Mandatory LREC Forms

Louisiana REALTORS® and the Louisiana Real Estate Commission (LREC) will once again convene a joint workgroup to review the Residential Agreement to Buy or Sell and the Residential Property Disclosure forms . The Joint Louisiana Real Estate Commission and Louisiana REALTORS® Forms Workgroup consists of REALTORS® and real estate licensees who are active in the industry, title attorneys, and educators and meets every other year to discuss any necessary changes for these forms. Brokers and agents can submit their feedback about these documents by filling out the form below and responses will be provided to the Joint Workgroup to review when it meets this spring.

The deadline to submit comments is April 30, 2025.

How REALTORS® Can Be Advocates for Fair Housing in Their Communities

Thu, 03 Apr 2025 16:41:48 GMT

As a Louisiana REALTOR®, your role extends beyond buying and selling homes. You have the power to shape communities and ensure fair housing opportunities for all. Fair housing advocacy is not just about compliance with the law; it’s about fostering inclusive, diverse, and thriving neighborhoods.

By actively promoting fair housing in your community, you can strengthen public trust, enhance your professional reputation, and contribute to a more equitable real estate market. This guide outlines actionable steps Louisiana REALTORS® can take to be champions for fair housing in their communities.

Understanding the Importance of Fair Housing Advocacy

The Fair Housing Act (FHA) was established to eliminate discrimination in housing based on race, color, national origin, religion, sex, disability, and familial status. Louisiana’s fair housing laws align with these federal protections, ensuring equal access to housing opportunities statewide.

However, disparities still exist in many communities. As a REALTOR®, you are in a unique position to help close these gaps by advocating for fair housing practices, educating clients and colleagues, and supporting policies that promote equal housing opportunities.

Educate Yourself and Your Clients on Fair Housing Laws

A strong foundation in fair housing laws is essential for any REALTOR® who wants to be an advocate. Staying informed helps you recognize discriminatory practices and ensures you can educate clients on their rights. Take advantage of the following to keep yourself and your clients up to date:

Attend Fair Housing Training – The Louisiana REALTORS® association and the Louisiana Real Estate Commission (LREC) offer workshops and certifications on fair housing laws and best practices .
Follow Local and National Updates – Housing laws evolve, so keep up with changes through HUD, LREC, and professional real estate organizations.
Provide Educational Materials – Offer clients and community members information on fair housing rights, resources, and complaint procedures.

Promote Inclusive and Equitable Housing Practices

Ensuring fairness in all real estate transactions is a direct way to advocate for fair housing . Your actions set the tone for how buyers, sellers, landlords, and renters perceive and interact with the housing market. Some best practices for REALTORS® include:

Using Neutral and Inclusive Language – Avoid phrases that imply preference for certain demographics in listings and conversations.
Ensuring Equal Treatment for All Clients – Offer the same level of service, responsiveness, and access to listings to every client.
Advocating for Fair Lending Practices – Help clients navigate mortgage options while ensuring they aren’t subjected to discriminatory lending practices.

Support Fair Housing Organizations and Initiatives

Advocacy goes beyond individual transactions. REALTORS® can make a meaningful impact by supporting organizations that work toward housing equality. Get involved by:

Partnering with Local Fair Housing Groups – Check out your local area for regional fair housing agencies that work to combat discrimination.
Participating in Housing Assistance Programs – Volunteer for initiatives that provide financial education, homebuyer assistance, and housing support for marginalized communities.
Supporting Affordable Housing Policies – Engage with local policymakers to promote initiatives that increase access to affordable and diverse housing.

Engage with Your Community to Promote Fair Housing Awareness

Active engagement with the communities you serve strengthens fair housing advocacy efforts and helps build trust among residents. You can make an impact by:

Hosting Fair Housing Seminars – Organize informational events to educate homebuyers, renters, and landlords about their rights and responsibilities.
Partnering with Schools and Community Centers – Work with educators and local leaders to promote financial literacy and homeownership education.
Using Your Platform for Awareness – Share fair housing resources on your website, social media, and client communications.

Fair housing advocacy isn’t just a legal obligation—it’s an opportunity to create stronger, more inclusive communities. By educating yourself and others, promoting equitable housing practices , and engaging with local organizations, Louisiana REALTORS® can lead the way in ensuring equal access to housing for all.

Consumer Guide Update: Alternative Listing Options

Thu, 03 Apr 2025 13:44:02 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on alternative listing options. This guide covers the role that MLSs play in marketing a home, office exclusive and delayed marketing exempt listing options, and the disclosure required when filing an exempt listing.

For additional information and helpful resources on the new Multiple Listing Options for Sellers policy, please check out facts.realtor .

Be on the lookout for next week’s guide on Wednesday, which will cover deeds and titles.

Consumer Guide Update: Navigating Multiple Offers

Fri, 28 Mar 2025 13:38:16 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on navigating multiple offers. This guide covers the basics of what sellers need to know, including how offers can vary, how to evaluate them, making counteroffers, and negotiation strategies.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover the new MLS policy and what it means for consumers.

Consumer Guide Update: Homeowners Associations

Fri, 21 Mar 2025 14:49:00 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on homeowners associations (HOAs). This guide covers the basics of what prospective buyers need to know, including who runs HOAs, how monthly fees are applied, rules HOAs enforce, and the pros and cons of living in an HOA community.

For additional information, we encourage you to check out this REALTOR® Magazine article on the nuances of how homeowners associations can affect real estate transactions.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover navigating multiple offers.

Louisiana Real Estate Legislation Advocacy: How REALTORS® Can Make a Difference

Mon, 17 Mar 2025 17:14:29 GMT

A significant factor in the real estate sector is legislative advocacy, which makes sure that rules and legislation serve the needs of brokers and their customers. REALTORS® advocate for the rights of their clients and the real estate market in addition to being agents who help with property transactions. Here are some benefits and opportunities that REALTORS® can provide through legislative advocacy .

Protecting Property Rights

REALTORS® can promote laws that protect homeowners' and investors' property rights by engaging in legislative lobbying. REALTORS® can impact legislation to stop the misuse of eminent domain, zoning restrictions, and other policies that might violate property rights by participating in lobbying campaigns.

Promoting Housing Affordability

Legislation encouraging ethical lending practices or incentivizing developers to build affordable housing units are examples of measures that REALTORS® can support. Through efforts like legislative lobbying, housing can be more accessible to greater amounts of people and families by removing obstacles to owning a home.

Advocating for Fair Housing Practices

REALTORS® can support fair housing laws and fight housing discrimination through advocacy initiatives. REALTORS® can back laws that guarantee everyone, regardless of color, ethnicity, religion, gender, disability, or other protected traits, equal access to housing options.

Influencing Tax Policies

REALTORS® can support tax laws that help investors and homeowners alike, such as capital gains tax reforms for real estate transactions, programs to relieve property taxes, or tax incentives for homeownership. REALTORS® can assist in easing homeowners' financial burdens and boosting the real estate market by supporting advantageous tax laws.

Supporting Economic Growth

A REALTOR'S® legislative advocacy can support legislation that encourages real estate development, expedites regulatory procedures, and draws local investments, which can promote economic growth. REALTORS® can contribute to the expansion of the economy, the creation of jobs, and a rise in property values by supporting pro-growth legislation.

REALTORS® must engage in legislative lobbying to defend property rights, advance affordable housing, push for fair housing practices, impact tax laws, and encourage economic expansion. By actively participating in advocacy campaigns, Realtors can influence legislation to better serve the needs of their clients and the real estate industry as a whole.

Consumer Guide Update: Marketing Your Home

Fri, 14 Mar 2025 14:45:58 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on marketing a home. This guide covers several methods for sellers to consider, including setting up showings, hosting open houses, and maximizing the visual appeal of a home through staging and/or cosmetic updates.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover homeowners associations.

A REALTOR®’s Guide to Client Success Through Advocacy

Mon, 10 Mar 2025 20:05:26 GMT

REALTORS® are entrusted with a significant responsibility: to guide clients through one of life's most significant transactions—the purchase or sale of a home. In fulfilling this duty, advocacy emerges as a cornerstone of the profession, empowering REALTORS® to champion their clients' best interests at every turn.

Understanding Client Needs

Advocacy begins with a deep understanding of a client's unique needs, preferences, and goals. By actively listening to their concerns, aspirations, and priorities, a plan can be tailored to meet their specific requirements and ensure a personalized real estate experience that exceeds expectations.

Negotiating on Behalf of Clients

Effective advocacy requires skillful negotiation on behalf of a client, leveraging expertise and market knowledge to secure favorable terms and outcomes. Whether negotiating purchase prices, contract terms, or inspection repairs, our commitment to advocating for a client's best interests drives successful transactions and fosters trust and confidence.

Providing Transparent Communication

Clear and transparent communication is essential for effective advocacy, ensuring that a client remains informed and empowered throughout the process. By maintaining open lines of communication, promptly addressing questions and concerns, and providing honest and objective guidance, a collaborative partnership is created.

Navigating Complex Transactions

Real estate transactions can be complex , requiring careful navigation of legal, financial, and logistical details. As advocates, REALTORS® serve as trusted advisors, leading during each step of the transaction with diligence, professionalism, and unwavering support.

Protecting Client Interests

Above all, advocacy involves a steadfast commitment to protecting a client’s interests and advocating for their rights. Whether safeguarding confidentiality, ensuring compliance with legal and ethical standards, or advocating for fair treatment in negotiations.

Advocacy is not just a professional obligation—it's a fundamental principle that defines the role as REALTOR®. As advocates, REALTORS® have the privilege and responsibility to guide their clients toward their real estate goals, forging lasting relationships built on trust, transparency, and shared success.

Consumer Guide Update: Seller Disclosures

Fri, 07 Mar 2025 20:12:49 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on seller disclosures. This guide covers the basics of what home characteristics sellers are required to disclose to help potential buyers make informed decisions and protect sellers from legal liability.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover tactics for marketing your home.

How a REALTOR® Can Help Market Your Home to Attract Buyers

Fri, 07 Mar 2025 15:17:20 GMT

Selling your home is more than just putting up a "For Sale" sign—it’s about making sure the right buyers see it at the right time. A skilled REALTOR® does more than list your property; they implement strategic marketing tactics to maximize exposure and attract serious buyers. Here’s how an agent can help market your home effectively.

1. REALTORS® Provide Professional Listing and Pricing Strategy

A REALTOR® knows how to craft an attractive and compelling listing. They write a professional property description that highlights your home's best features and ensures it is positioned correctly in the market. Additionally, they conduct a comparative market analysis to price your home competitively, ensuring it appeals to potential buyers while maximizing your return.

2. Attract Buyers with High-Quality Photos of Your Home

First impressions matter, and online listings are often a buyer’s first glimpse of your home. Real estate agents coordinate professional photography and virtual tours to showcase your home in the best light, making it more attractive to buyers who are browsing online.

3. Increase Your Home’s Visibility by Listing on Multiple Platforms

A REALTOR® lists your home on the Multiple Listing Service (MLS) and popular real estate websites like Zillow, Realtor.com, and Redfin. This increases visibility and ensures your home reaches a broad audience , including buyers working with other agents.

4. Leveraging Social Media to Sell Your Home

Social media is a powerful tool in today’s real estate market. Platforms like Facebook, Instagram, and LinkedIn can be used to share your listing, create targeted ads, and generate buzz about your home. Video walkthroughs and live virtual open houses are additional tools that REALTORS® can use to engage potential buyers.

5. Stage Your Home to Appeal to Buyers

A well-presented home sells faster and at a better price. An agent can provide expert advice on staging your home, whether through professional staging services or simple tips to declutter and enhance curb appeal . They know what buyers are looking for and help you make your home as inviting as possible.

6. REALTORS® Conduct Open Houses and Private Showings

Your REALTOR® can organize and host open houses , attracting both buyers and other agents who may have interested clients. They also coordinate private showings to give potential buyers a personalized experience, answering questions and highlighting the unique aspects of your home.

7. Networking and Direct Buyer Outreach Helps Find Serious Buyers

REALTORS® have extensive networks, including connections with other agents, past clients, and prospective buyers. They use these relationships to spread the word about your home and find serious buyers faster.

8. Target Potential Buyers with Email and Direct Mail Campaigns

To reach a targeted audience, REALTORS® use email campaigns and direct mail to showcase your home to potential buyers. This includes sending out listing updates, newsletters, and postcards to buyers who have expressed interest in similar properties.

Working with a skilled real estate expert to market your home is one of the most valuable decisions you can make when selling. They understand the local market, know how to price your home competitively , and have the tools and expertise to showcase its best features to the right buyers. If you’re thinking about selling, partner with a REALTOR® who will create a tailored marketing plan and guide you every step of the way to achieve the best possible price in the shortest amount of time.

Consumer Guide Update: Property Taxes

Fri, 28 Feb 2025 20:11:37 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on property taxes. This guide covers the basics of what homeowners should know, including how property taxes are calculated, which exemptions may be available, and how to appeal an assessment if needed.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover seller disclosures.

10 RPR Must-Knows for Louisiana REALTORS®

Fri, 28 Feb 2025 19:09:20 GMT

If you are a Louisiana REALTOR ^® who wants to wow clients and close more deals, then RPR ^® (Realtors Property Resource ^® ) is the tool for you. Included in your membership at no extra cost, RPR ^® provides property data, market trends, and customizable reports to help you impress clients and grow your business with confidence.

To help you hit the ground running, we’ve outlined 10 essential RPR Residential features every new user should know.

Just for You: The RPR New User Series

The RPR New User Series offers 10 fundamental “how-to” guides, covering everything from market trends and mapping to property details and reports. Here’s an overview:

1. Homepage

The user-friendly RPR Homepage is designed for efficiency, with quick access to essential tools like Shortcuts and My Markets.

2. Property Search

RPR offers powerful search capabilities. Whether by address, listing ID, ZIP, or neighborhood, you’ll find unmatched data, including side-by-side MLS vs. public record comparisons.

3. Maps

RPR’s interactive mapping tools provide robust filtering options, including distance, travel time, and flood zones. Users can explore points of interest, conduct detailed property searches, and refine results with precision.

4. Property Details

The Property Details page includes sales history, tax records, mortgage data, neighborhood insights, school ratings, and side-by-side MLS/public records comparisons.

5. Property Pricing

Use RPR’s valuation tools to refine property values, conduct a comparative market analysis (CMA), and generate pricing reports tailored to clients’ needs.

6. Neighborhoods

Help clients find the perfect location with in-depth Neighborhood Data—including demographics, economic factors, and market trends.

7. Schools

Compare schools by test scores, parent reviews, and enrollment data. Search by city, district, or type of school to meet client preferences.

8. Shareable Market Trends

Up-to-date, hyper-local housing market statistics, enabling agents to share insights across social media platforms and other marketing channels effortlessly.

9. Reports

Generate professional, customizable reports in just a few clicks. Personalize them with your branding, contact info, and even custom pages like testimonials and marketing tools.

10. RPR Mobile ™

Download the RPR Mobile™ app to access property insights on the go, create reports, and stay connected with clients wherever you are.

Take Your RPR Knowledge Even Further with Our Upcoming Webinar

Join us for an exclusive learning opportunity to enhance your real estate business with RPR’s latest tools and insights, exclusively for Louisiana REALTORS ^® . We hope you will join us!

'Welcome to RPR! Tools, Tips & Skills Every Agent Needs' Webinar for LR members

Research properties and analyze market trends to stay ahead in a competitive market.
Create standout reports that impress clients and showcase your expertise.
Utilize new prospecting and marketing tools to build your business.

Consumer Guide Update: Preparing for Homeownership

Wed, 19 Feb 2025 15:59:17 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on preparing for homeownership. This guide covers what prospective buyers should consider as they kick off the home purchase process, including the importance of credit scores, mortgage pre-approval, down payments, budgeting, and educational resources.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with potential clients to ensure they have the information they need to be successful in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover property taxes.

Consumer Guide Update: Escrow and Earnest Money

Fri, 14 Feb 2025 15:58:05 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on escrow. This guide covers what homebuyers should know about earnest money deposits, including the general terms and use cases in real estate transactions.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover preparing prospective buyers for homeownership.

2026 LR Officer Elections, RVPs & NAR Director Applications

Wed, 12 Feb 2025 15:40:34 GMT

An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.

Application deadline was March 28, 2025.

For questions or if you need assistance, please contact Norman Morris, CEO.

2024 Awards Nominations

Wed, 12 Feb 2025 15:40:30 GMT

Nominations are open now through March 28, 2025, for the Louisiana REALTORS® 2024 REALTOR® of the Year & the 2024 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.

REALTOR® of the Year

The REALTOR® of the Year award was first established in 1958 to recognize a REALTOR® who has contributed most to the advancement of his profession and the community at large during the current year. Subsequently, each individual so selected is recognized by the Louisiana REAL TORS" at its annual meeting and by the NATIONAL ASSOCIATION OF REALTORS" at its annual convention.

Lawrence R. Demarcay, Jr. Distinguished Service Award

New Homebuying Trends and How REALTORS® Can Help

Mon, 10 Feb 2025 14:30:01 GMT

The real estate industry is evolving as consumers' priorities shift in response to lifestyle shifts, technological advancements, and environmental awareness. Current trends indicate a growing need for flexible areas, smart home technologies, and energy-efficient designs as the needs of today's homes evolve.

Multifunctional Spaces in the Home

As remote work and hybrid schedules have grown in popularity, people's use of their homes has evolved. Buyers are increasingly drawn to properties with multipurpose amenities, such as gym centers, home offices, or multipurpose rooms. Open floor plans are still popular, but it's becoming more and more crucial to designate spaces for solitude and concentration.

Smart Home Integration

Modern technology has a significant impact on home-buying decisions. Smart thermostats, security systems, and voice-activated devices are no longer regarded as luxuries but as requirements. These advancements draw tech-savvy customers to houses by increasing convenience, safety, and energy efficiency.

Sustainability and Energy Efficiency for Your Home

Environmental concerns are driving up interest in homes with solar panels, energy-efficient appliances, and sustainable building materials. Buyers are favoring homes that adhere to eco-friendly principles in an effort to reduce their environmental effects and, eventually, save money on electricity costs.

Suburban Appeal for Homebuyers

Because purchasers are looking for greater space, outdoor living alternatives, and quieter neighborhoods, the epidemic has changed the desirability of suburban and rural locations. Nowadays, many homebuyers, especially families, place a high value on large yards, gardens, and a close closeness to nature.

Home Customization and Personalization

Properties that let buyers modify and alter their living areas are becoming more and more valued by buyers. The option to customize a home to suit specific requirements and preferences is quite alluring, whether it is through new building, remodeling, or adaptable plans.

Prospective homebuyers and sellers can successfully navigate the market by being aware of these trends. In today's changing real estate market, conforming to these new preferences can provide you a competitive edge, whether you want to sell your house or buy your ideal home .

Enhancing Your Property Value: The Best Strategies for Homeowners

Fri, 07 Feb 2025 20:14:45 GMT

Increasing your property value is a wise investment that can yield significant returns. Whether you're preparing to sell or want to enjoy an upgraded living space, focusing on key improvements can make a noticeable difference in your home's worth.

Boost Curb Appeal

Curb attractiveness has a big impact on home value , and first impressions count. Fresh landscaping, a well-kept grass, and an updated exterior (like new paint or contemporary siding) can all draw in potential buyers and improve the overall visual appeal of your house.

Modernize the Kitchen and Bathrooms

Buyers frequently evaluate the kitchen and bathrooms first. These spaces can be made more aesthetically pleasing and useful by updating the fixtures, installing energy-efficient appliances, and upgrading the countertops. Repainting cabinets or installing new hardware are examples of small improvements that can make a big difference.

Add Energy-Efficient Features

Energy efficiency is becoming more and more important to purchasers and homeowners. In addition to reducing utility costs, installing solar panels, energy-efficient windows, or a smart thermostat increases the value of your home . These improvements show long-term cost benefits and appeal to purchasers who care about the environment.

Increase Usable Space

Increasing the amount of usable space in your house can greatly increase its worth. Think of turning an attic into a functional space, adding a deck, or finishing a basement. For prospective purchasers, these improvements increase space footage and offer greater versatility.

Maintain and Upgrade Systems

The optimal operation of your home is ensured by routine maintenance of vital systems, including the HVAC, plumbing, and electrical systems. Because newer systems are frequently more energy-efficient and require less maintenance, upgrading outdated systems can boost buyer trust.

Highlight Smart Home Technology

Features like voice-activated gadgets, smart lighting, and security systems are becoming more and more common in homes. In addition to making life easier, these technologies attract tech-savvy consumers seeking contemporary conveniences.

You may increase your property's worth and enjoy a more cozy, useful area by making thoughtful improvements and maintaining it. To get the most out of your investment, concentrate on upgrades that fit your budget and appeal to your target demographic.

A REALTOR® can help you prepare your home to be sold with their experience and expertise.

Consumer Guide Update: Pricing Your Home

Thu, 06 Feb 2025 14:37:42 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on pricing homes. This guide covers the different factors that influence a home’s price, how agents can determine the asking price, and what sellers should know about home pricing.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will be on escrow.

Ready to Sell Your Home This Year? Make Sure the Price is Right.

Mon, 03 Feb 2025 20:55:12 GMT

Pricing your home correctly from the start is one of the most important steps you can take to ensure a smooth and successful sale . While it may be tempting to aim high and hope for negotiations, overpricing can lead to fewer showings, extended time on the market, and, ultimately, a lower sale price than you might have achieved with a strategic approach.

Homes Priced Too High Push Buyers Away

Overpricing your home can discourage potential buyers from even scheduling a showing . Today’s buyers are well-informed and have access to online tools that allow them to compare prices, features, and recent sales in your area. If your home is significantly more expensive than comparable properties, many buyers will skip over your listing entirely. This could narrow your pool of potential buyers and make it harder to generate interest.

Overpriced Homes Sit on the Market Longer

Homes that are priced too high often stay on the market longer than they should. In real estate, there’s a psychological effect where buyers equate “time on the market” with “trouble.” Lowering the purchase price to attract more buyers could create more negative perceptions, leaving buyers wondering if the house has hidden issues. Even if your home is in excellent condition, the longer it sits unsold, the more difficult it becomes to attract serious offers.

Understand the Factors That Influence Your Home’s Value

Determining the right price for your home starts with an understanding of the factors that influence its value:

1. Current Trends in Local Housing Markets

Real estate markets vary widely by location, and even neighborhoods within the same city can see different trends. Factors such as job growth, population shifts, and the availability of housing in your area will directly impact demand and pricing.

2. Condition of Your Home

Buyers are willing to pay more for properties that are well-maintained, updated, and move-in-ready.

3. Interest Rates and Affordability for Buyers

Higher interest rates reduce purchasing power, meaning buyers may prioritize competitively priced homes that offer the most value for their budget.

4. Comparative Market Analysis (CMA)

A CMA evaluates sales prices of recently sold homes, active listing prices, and market conditions to give you reliable data you can use to price your home.

A REALTOR® Can Help You Price Your Home

Pricing your house competitively is key to attracting serious buyers, reducing time on the market, and maximizing your return. One of the most important steps you can take to price your house appropriately is to partner with a trusted and experienced agent in your local market.

A REALTOR® can help you understand your local market and provide you with a comparative market analysis, helping you set a price based on data, not guesswork. This ensures your house will be positioned well in the current market.

Beyond pricing, a REALTOR® brings local expertise, offering insights into trends and buyer preferences specific to your area. They can also help you anticipate buyer questions or concerns, giving you the edge in negotiations.

They can recommend minor upgrades or cosmetic changes that can significantly boost your home’s appeal and justify its price. If your home has major issues, a REALTOR® can help prioritize which repairs will have the biggest impact on your asking price .

Agents offer guidance on how to market your home effectively and help you highlight your home’s best features to attract the right buyers and keep your home from sitting on the market.

By partnering with a trusted REALTOR®, you gain access to valuable expertise, market insights, and strategic guidance that can help you sell your home . A skilled agent understands the nuances of your local market, from buyer preferences to current trends, and will help you set a competitive price that attracts serious offers without undervaluing your property. Don’t let overpricing be the obstacle that prevents a successful sale. Find a trusted local REALTOR® today.

Consumer Guide Update: Preparing to Sell Your Home

Fri, 31 Jan 2025 01:51:24 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on preparing consumers to sell their home. This guide covers common steps sellers may consider taking to ready their home for listing and viewing by potential buyers, such as repairs or cosmetic updates, pre-sale inspections, and staging.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover the factors that go into pricing a home.

Consumer Guide Update: Fire Damage and Policy Coverage

Fri, 24 Jan 2025 17:17:41 GMT

We’ve all been following news of the devastating fires in Los Angeles, and our thoughts are with all those who have been affected. As real estate professionals, we know how important insurance is for homeowners whose properties are threatened by natural disasters such as wildfires. With that said, NAR’s latest consumer guide is focused on fire damage and policy coverage. This guide explains which fire incidents are and are not covered under a standard homeowners insurance policy, what to do if a homeowner cannot secure coverage for damage from wildfires, and information on Fair Access to Insurance Requirements insurance policies.

The guide also provides contact information for the REALTORS® Relief Foundation as it continues accepting support for victims of the Los Angeles wildfires. If you’d like to make a donation, you can text RRFCAStrong to 71777 or visit rrf.realtor by 1/31/25 to ensure 100% of your donation is earmarked for wildfire victims.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover steps sellers should consider taking when preparing to sell their home.

Short-Term, Long-Term, and Continuous Goals Every REALTOR® Should Set

Fri, 17 Jan 2025 18:30:01 GMT

A successful REALTOR® is always striving to improve their skills, expand their network, and elevate their career. The best type of goals for any professional are SMART goals. SMART goals are objectives that are specific, measurable, attainable, relevant and time-bound.

Short-Term Goals for a REALTOR®

Increase Listings: Set a goal to list a certain number of properties in a predetermined amount of time.
Close More Deals: Decide how many deals you want to close in a specific time frame.
Establish Your Online Presence: Make sure your website is SEO-optimized and keep an active social media presence .
Develop a strategic network by going to industry events, joining regional real estate associations , and making connections with other experts.
Obtain Real Estate Certifications: To focus on particular facets of real estate, obtain certifications such as ABR, CRS, or SRES.

Long-Term Goals for a REALTOR®

Financial Objectives: Establish yearly revenue targets and create a strategy to meet them.
Career Advancement: Take into account working as an investor, broker, or team leader.
Establish a Solid Reputation: Put your energy into establishing a solid reputation for honesty and quality.
Give Back to the Community: Donate your time to charity and local groups.
Work-Life Balance: To prevent burnout and preserve a healthy lifestyle, make work-life balance a top priority.

Continuous Improvement Goals for REALTORS®

Stay Up-to-Date: Keep up with the latest industry trends, technologies, and regulations.
Master Negotiation Skills: Hone your negotiation skills to achieve the best possible outcomes for your clients.
Enhance Marketing Strategies: Continuously refine your marketing strategies to attract more clients.
Develop Strong Client Relationships: Build long-lasting relationships with clients through excellent service and communication .
Seek Mentorship: Find a mentor to guide you and provide valuable advice.

Keep in mind that SMART goals—Specific, Measurable, Achievable, Relevant, and Time-bound—will keep you motivated and allow you to monitor your progress. You can have a prosperous and satisfying real estate career by concentrating on these objectives and persistently pursuing them.

Consumer Guide Update: Flood Insurance

Thu, 16 Jan 2025 17:17:18 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on flood insurance. This guide explains what flood insurance is and what it covers, when homeowners are required to purchase a policy, and the difference between National Flood Insurance Program and private insurance policies.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover other supplemental insurance policies, including fire insurance.

5 Benefits of Setting Goals for Success as a REALTOR®

Tue, 14 Jan 2025 15:31:07 GMT

Real estate success is not something that just happens. For REALTORS®, the secret to creating a successful business and attaining long-term success is establishing specific, achievable goals. Having clear goals can help you stay motivated, direct your daily efforts, and stay on track to achieve your professional and personal objectives, regardless of your level of experience.

1. Goals Provide Direction and Focus

It's easy to become bogged down in daily duties in the fast-paced real estate sector. By establishing objectives, such as reaching a specific number of sales, growing your clientele, or refining your marketing tactics , you create a path to success. Setting goals helps you prioritize tasks that yield results and keep you focused on what is really important.

2. Motivation and Accountability

REALTORS® have something to aim for when they have goals, which can boost their motivation and output. You may celebrate your progress along the road and maintain your energy by breaking your goals down into smaller, more manageable milestones. Furthermore, responsibility is created when you discuss your objectives with a team, partner, or mentor, which motivates you to remain dedicated and on course.

3. Improved Time Management

One of the most critical resources for successful REALTORS® is time. Setting clear goals makes it easier to prioritize your work and manage your time more effectively . If your objective is to expand your network of referrals, for instance, you can concentrate on following up with clients, organizing events, or networking with specialists in the field instead of getting distracted by unimportant pursuits.

4. Measurable Progress and Growth

Establishing objectives enables you to track your development over time. You can see measurable results by monitoring your targets, whether they are to boost yearly sales, enhance your closing ratio, or expand your online presence . This progress ensures steady growth for your organization by keeping you engaged and assisting you in identifying opportunities for improvement.

5. Long-Term Vision and Success

While short-term objectives are necessary, they should be part of a larger plan. Setting long-term goals as a REALTOR®, such as reaching a particular revenue threshold, entering new areas, or assembling a team, guarantees that your current efforts will support future achievements.

REALTORS® can maintain their organization, motivation, and focus by establishing meaningful and achievable goals. Setting goals is essential for establishing a clear route to long-term success. Can we link this article somewhere else in this post? I like it, just don’t find it relates to “refining your marketing tactics”

Consumer Guide Update: Homeowners Insurance

Fri, 10 Jan 2025 16:12:26 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on the appraisal process. This guide covers what an appraisal is, the data that is analyzed as part of the process, and how lenders use the appraisal value to help determine how much money a buyer can borrow.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover inspections.

Navigating a Challenging Real Estate Market: How a REALTOR® Can Help

Tue, 07 Jan 2025 22:13:30 GMT

If you’re searching for a home, you’ve likely noticed that it’s more challenging than ever to find the perfect one. Between historically low inventory levels, inflation, and high interest rates, finding the right home can feel overwhelming. However, with the right guidance and strategy, your dream home is still within reach. Working with an experienced REALTOR® can make all the difference.

Understanding Current Housing Market Challenges

Multiple factors have contributed to the current challenges facing homebuyers. Understanding them can help you better prepare for the buying process .

High Demand and Limited Supply: The demand for homes has consistently outpaced the supply. Low mortgage interest rates during the pandemic spurred more buyers into the market while the number of available homes remained stagnant.
Rising Costs and Delays in New Construction: Supply chain disruptions, rising material costs, and labor shortages have slowed the pace of new home construction, adding to the inventory challenges.
Impact of Inflation: The cost of living, from groceries to gas, has increased significantly. This leaves many potential buyers with less money to allocate toward a home purchase.
Reluctance to Sell: Many homeowners are hesitant to sell. Even though they could get top dollar for their current homes, potential sellers locked into low-rate mortgages may be discouraged from entering the market due to higher interest rates and limited inventory.
Higher Mortgage Payments: Rising interest rates mean that monthly payments on home loans have become more expensive, reducing buyers’ purchasing power.

How Do These Challenges Impact Buyers?

With fewer homes available, sellers that do enter the market often charge higher prices, raising affordability concerns for many buyers. The competition is fierce, frequently leading to bidding wars as multiple buyers vie for the same property. Additionally, limited options mean buyers may need to compromise on desired features or broaden their search to include different neighborhoods. To add to the pressure, the best homes often sell within days—or even hours—of hitting the market, requiring buyers to make quicker decisions than they might prefer.

How a REALTOR® Can Help

Navigating a competitive housing market requires strategy, expertise, and preparation. REALTORS® can assist with:

Guiding You Through Preapproval: Getting preapproved for a mortgage is a crucial first step. It shows sellers you’re serious and financially ready to make an offer.
Leveraging Local Market Knowledge : REALTORS® have a deep understanding of the local market and can help you identify neighborhoods and properties that fit your criteria—even in a competitive environment.
Acting Quickly: When inventory is low, timing is everything. Agents monitor new listings and act fast to secure showings or submit offers on your behalf.
Negotiating Effectively: REALTORS® know how to craft competitive offers while protecting your interests . Even in a seller’s market, they ensure you’re not overpaying or taking unnecessary risks.
Tapping Into Off-Market Opportunities : Not all homes are listed publicly. REALTORS® can use their network to connect buyers with properties before they hit the market, giving you an edge.

While there is hope that the current challenges in the housing market will begin to ease as we move further into 2025, with the right approach and a trusted REALTOR® by your side, you can successfully navigate the process and find a home that meets your needs now. If you’re ready to start your home search or have questions about the market, contact a REALTOR® today. Let’s work together to turn your homeownership dreams into reality.

UPDATE: FinCEN Beneficial Ownership Information Requirement

Fri, 27 Dec 2024 09:34:44 GMT

On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the nationwide injunction halting further implementation and enforcement of the Corporate Transparency Act (CTA). The current order also prevents FinCEN from enforcing the Beneficial Ownership Information Reporting Rule.

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

To learn more about the decision, please see h: www.ca5.uscourts.gov/opinions/unpub/24/24-40792..pdf

For additional information regarding the state of the law and current litigation, please visit www.fincen.gov/boi . This is the official government site with key information regarding the BOI rule.

NAR will continue to keep you updated.

Consumer Guide Update: Home Inspections

Fri, 20 Dec 2024 09:44:06 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on home inspections. This guide covers what a home inspection is, why they are important for buyers and sellers alike, and common issues found during home inspections.

Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients. This ensures they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Due to the upcoming holidays, the next guide, which will cover insurance, will be published on Wednesday, January 8 ^th . We hope everyone has a wonderful holiday season!

Consumer Guide Update: The Appraisal Process

Fri, 13 Dec 2024 09:46:51 GMT

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover inspections.

FinCEN Beneficial Ownership Information Update

Wed, 11 Dec 2024 15:48:03 GMT

Last Friday, NAR engaged the Financial Crimes Enforcement Network (FinCEN), a Bureau within the Treasury Department, to request clarity from FinCEN regarding reporting requirements for reporting companies and beneficial owners under the Beneficial Ownership Information Reporting (BOIR) Rule given the recent nationwide preliminary injunction issued by a Texas federal court last week. Over the weekend, FinCEN issued the following impact statement:

"In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports...While this litigation is ongoing, FinCEN will comply with the order issued by the U.S. District Court for the Eastern District of Texas for as long as it remains in effect. Therefore, reporting companies are not currently required to file their beneficial ownership information with FinCEN and will not be subject to liability if they fail to do so while the preliminary injunction remains in effect. Nevertheless, reporting companies may continue to voluntarily submit beneficial ownership information reports. "

NAR will continue to keep you updated on any changes.

You can complete your BOI report here .

How to Prepare for Your Home Inspection

Mon, 09 Dec 2024 16:15:10 GMT

The home inspection process is an integral part of selling your home. And just like studying in school helped when it was test-taking time, there are things you can do to prepare your home for its inspection as well. The inspection report plays a huge role in not only the selling price of your home but also whether the sale will go through at all. One way to make sure that the inspection and its results go as smoothly as possible is to perform a pre-inspection.

Why Opt for a Pre-Inspection?

A pre-inspection offers a lot of advantages. First, it will prevent you from being surprised by any major issues that a buyer’s inspector may discover. With this information, you can decide how you want to proceed in terms of making repairs or accounting for them at your asking price. Possessing a pre-inspection report also shows the prospective buyer that your home is well-cared for, which can provide peace of mind as they move forward in the purchasing process.

What Do Home Inspectors Look For?

Home inspectors look at a variety of different areas throughout the home. They will assess their current condition and any other issues that can impact the operation and safety of the home. Any appliances, like the stove, oven, refrigerator, hot water heater, etc. that remain in the house will be evaluated to ensure that they are in good working order. The structural integrity of the house will also be checked. This includes the roof, foundation, windows, doors, attic and crawl spaces, and more. The home’s major systems will also be looked over. Electrical, plumbing, HVAC, and more will be a major component of an inspector’s report .

How Can You Prepare Your Home for an Inspector?

You can make the inspection process a smooth one by doing a few things in advance. Now that you know what the areas of focus will be, they can be cleaned and decluttered. Organize anything stored in the attic, change the appropriate filters, and make sure the exterior of your home is easily accessible. You can also do a quick check of your home’s essential functions. Test all light switches, check all doorknobs and locks, and ensure all toilets and faucets are working correctly. This is also the time to make any necessary repairs that you are aware of. This can be as simple as replacing old light bulbs and unclogging drains.

These are only a few of the things that can improve the results and experience of your home inspection . However, entrusting the selling process of your home to a knowledgeable, professional REALTOR® should be your first step.

Consumer Guide Update: Agency and Non-Agency Relationships

Fri, 06 Dec 2024 09:51:56 GMT

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover inspections.

The Corporate Transparency Act and Beneficial Ownership Information

Thu, 05 Dec 2024 21:13:23 GMT

The Corporate Transparency Act (made effective on January 1, 2024) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the U.S. Beginning January 1, 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity. The new reporting requirements apply to domestic and foreign companies created or registered to do business in the U.S. by filing a document with the Secretary of State (“SOS”) or similar office. While certain types of businesses are exempt from filing (e.g. tax-exempt entities, banks and credit unions, large operating companies, inactive entities), the new rules are targeted at small businesses.

Who Must File

Both domestic and foreign reporting companies are required to file reports. A company is considered a reporting company if a document was filed with SOS or similar office to create or register the entity. Corporations (including S corporations), LLCs, and other entities formed through the SOS are subject to the reporting requirements. But, because sole proprietorships, trusts, and general partnerships do not require the filing of a formal document with the SOS, they generally are not considered a reporting company and will not have a filing requirement. Foreign companies are required to file reports if they are registered with the SOS or similar office under state law.

Some companies are exempt from reporting, but many of the exempted companies are already required to report ownership information to a governmental authority. Of particular interest to you may be the exemption for large operating companies. A large operating company is any entity with (a) more than 20 full-time US employees, (b) an operating presence at a physical office within the US, and (c) more than $5,000,000 of US-sourced gross receipts reported on its prior year federal income tax return. If you meet these qualifications, you are not subject to the new reporting requirements.

What Information Must be Provided

Beneficial ownership information (BOI) must be reported for the reporting company’s beneficial owners and (for entities formed or registered after December 31, 2023) company applicants. BOI includes an individual’s full legal name, date of birth, street address and a unique ID number. The unique ID number can be from a non-expired US passport, state driver’s license, or other government-issued ID card. If the individual does not have any of those documents, then a non-expired foreign passport can be used. An image of the document showing the unique ID number must also be included with the report.

Beneficial Owners

Two groups of individuals are considered beneficial owners of a reporting company: (1) any individual who directly or indirectly owns or controls at least 25% of the ownership interests of the reporting company; or (2) any individual who exercises “substantial control” over the reporting company.

Individuals with substantial control are those with substantial influence over important decisions about a reporting company’s business, finances, and structure. Senior officers (president, CFO, general counsel, CEO, COO, and any other officer who performs a similar function) are automatically deemed to have substantial control, as are individuals with the authority to appoint or remove senior officers and board members. There is no requirement that these individuals have actual ownership in the company to be a considered a beneficial owner for reporting purposes.

Company Applicants

The company applicant is the person who actually files the document that creates or registers the reporting company (e.g., an attorney). Company applicants must provide the same information that is required of beneficial owners, but only if the reporting company is formed or registered after December 31, 2023. Because of the difficulty in tracking down information about company applicants for reporting companies that have been in existence for a number of years, reporting companies formed or registered before January 1, 2024 do not have to supply BOI for their company applicants.

FinCEN Identifiers

Individuals and reporting companies can request a FinCEN Identifier (FinCEN ID) to use in place of supplying detailed information on the report. A FinCEN ID is a unique number assigned by FinCEN which is obtained by submitting the same information as is required of a beneficial owner or reporting company. A FinCEN ID may be useful to individuals that prefer to send their personal information directly to FinCEN rather than through a reporting company, or to individuals that may be required to supply information as a beneficial owner or company applicant of several reporting companies.

Important Filing Dates

For existing reporting companies created or registered before January 1, 2024, the initial report is due by January 1, 2025. For reporting companies created or registered on or after January 1, 2024, the initial report is due 90 days after the entity’s creation or registration. For reporting companies created or registered after January 1, 2025, the initial report is due 30 days after the entity’s creation or registration.

If there is a change to previously reported information about the reporting company or its beneficial owners, an updated report must be filed within 30 days of the change. So, it is imperative that your company implement a system to identify reportable changes and file an updated report with FinCEN in a timely manner. The penalties for willfully failing to file both initial and updated reports are $500 per day that the report is late, up to $10,000, and imprisonment for up to two years.

How to File

BOI reports must be filed electronically. FinCEN’s e-filing portal, available at https://boiefiling.fincen.gov/, provides two methods to submit a report: (1) by filling out a web-based version of the form and submitting it online, or (2) by uploading a completed PDF version of the BOI report. Some third-party service providers may also offer the ability to file the BOI report through their software. The person who submits the BOI report will need to provide their name and email address to FinCEN. There is no fee for filing the report.

Elevate Your Real Estate Career: Unveiling the Benefits of Louisiana REALTORS® Membership

Thu, 05 Dec 2024 18:21:07 GMT

In Louisiana real estate, having a competitive edge is essential. Membership in the Louisiana REALTORS® association is a strategic investment in your success. Let's take a closer look at the benefits that can elevate your real estate career and empower you to be successful.

Enhance Your Real Estate Expertise

Unparalleled Education: Refine your skills with exclusive access to LR's extensive educational programs , covering the latest industry trends, legal updates, and market insights. Stay ahead of the curve with courses tailored for both new and experienced professionals.
Networking Opportunities: LR fosters a vibrant network of fellow REALTORS® across the state. Connect with seasoned professionals, build valuable partnerships, and gain access to a wealth of knowledge through local, state, and national events.

Empower Your Real Estate Business

Exclusive Resources: LR equips you with a comprehensive toolkit for success. Leverage member-only discounts on valuable resources like business tools, technology platforms, and marketing materials.
Legal and Ethical Guidance: Navigate the complex legal landscape of real estate with confidence. LR broker members enjoy access to the Louisiana REALTORS® Legal Hotline , offering prompt and reliable legal advice on real estate matters.
Enhanced Visibility: Gain a competitive edge with the prestigious REALTOR® designation. This widely recognized symbol of professionalism inspires trust and confidence in your clients and provides you with a title that only members can use - REALTOR®.

Save Time and Money

Reduced Costs: LR membership unlocks significant cost savings on essential services crucial for your business. Enjoy exclusive discounts on everything from healthcare benefits to UPS shipping and business equipment .
Streamlined Processes: LR's member-only resources simplify your workflow. Benefit from flat-rate pricing and access to valuable resources that help you manage your business more efficiently.

Beyond Business:

Community Involvement: LR empowers you to give back. Participate in community service initiatives and connect with your local community through LR's dedicated programs.
Strong Advocacy: LR champions your voice on legislative matters . The association actively advocates for policies that protect your interests and promote a healthy real estate industry in Louisiana.

Join the LR Community:

Investing in your LR membership is an investment in your career. With its commitment to education, networking, resource provision, and advocacy, LR equips you with the tools and support you need to excel in the competitive real estate landscape.

Visit the LR website today to learn more about membership benefits and take the first step towards elevating your real estate career.

Planning for Success: The Importance of Market Preparedness for REALTORS ®

Tue, 03 Dec 2024 22:28:05 GMT

In today's real estate market, success hinges on effective planning and market preparedness. As a REALTOR®, staying informed, adaptable, and proactive is crucial to managing the ever-changing market.

Understand Real Estate Market Trends

Stay Informed: Keep up-to-date with local, regional, and national market trends .
Analyze Data: Utilize data analytics tools to identify emerging patterns and potential shifts.
Monitor Economic Indicators: Pay attention to interest rates, employment rates, and GDP to gauge market sentiment.

Build Strong Client Relationships

Effective Communication: Maintain open and transparent communication with clients , keeping them informed throughout the entire process.
Personalized Service: Tailor your services to meet the unique needs and preferences of each client.
Trust and Credibility: Build trust by providing accurate information, timely responses, and professional expertise.

Leverage Technology for Your Real Estate Clients

Utilize CRM Tools: Implement a robust CRM system to manage leads, track client interactions, and streamline workflows.
Embrace Digital Marketing: Utilize social media, email marketing, and content marketing to reach a wider audience.
Virtual Tours and Remote Showings: Adapt to changing market conditions by offering virtual tours and remote showings.

Adapt to Real Estate Market Changes

Stay Flexible: Be prepared to adjust your strategies and tactics as market conditions evolve.
Embrace Innovation: Adopt new technologies and marketing techniques to stay ahead of the curve.
Continuous Learning: Invest in ongoing education and training to enhance your skills and knowledge.

Risk Management for a REALTOR®

Insurance Coverage: Ensure adequate insurance coverage to protect yourself and your clients.
Legal Compliance: Stay informed about the latest real estate laws and regulations.
Contractual Agreements: Carefully review and negotiate contracts to mitigate potential risks.

By prioritizing planning and market preparedness, REALTORS® can position themselves for success in an increasingly competitive market. By understanding market trends, building strong client relationships, leveraging technology, and adapting to change, you can achieve long-term success in your real estate career.

A Home Closing Checklist for Homebuyers

Tue, 26 Nov 2024 14:30:02 GMT

On the long and exciting journey to home ownership , there are a lot of things to do. From finding that perfect house in the ideal location for schools, commuting, and other conveniences to envisioning how you’ll decorate, renovate, and enjoy your new place, it can seem like quite a long time. Still, there is a finish line: the closing.

Getting to the closing table is the final step before your home officially becomes your home. However, before sitting down to sign, initial, and collect your keys, there are a few things you’ll want to do to ensure a smooth, easy home closing .

Take a Final Walk Through

In many instances, you’ll be able to take a final walk-through. This allows you to make sure that the house is in the agreed-upon condition that is stated in the sales agreement. You’ll also be able to confirm that any repairs or other contingencies have been made and met.

Ensure All Contingencies Have Been Addressed

Speaking of contingencies, make sure that these common ones have all been made to your satisfaction.

Home Inspection Contingency

Every buyer should have a professional home inspection done before they agree to purchase. Any findings should be addressed as part of the purchase agreement. A home inspection typically costs a few hundred dollars but could end up saving you thousands in future repairs.

Appraisal Contingency

This contingency is done by a third party hired by your lender. The purpose of this appraisal contingency is to determine and evaluate the fair market value of the home you are considering. If the appraisal comes back with a value lower than the sale price, you would be able to get out of the deal without forfeiting any money.

Financing Contingency

This contingency allows you to have the right to back out of a purchase if your mortgage arrangement falls through. From the time you agree to purchase, you’ll have a specified amount of time to arrange funding. This is why it is an excellent idea to get pre-approved before you begin the house-buying process.

Prepare the Following Documents

The following items will be needed at your closing:

Proof of homeowner’s insurance
A copy of your purchase agreement
Your home inspection reports
Any paperwork that your lender requires
A government-issued photo ID

The most important step in finding the perfect home is finding a great REALTOR® .

Diving into Designations

Fri, 22 Nov 2024 21:52:20 GMT

As a REALTOR®, you’re constantly striving to provide the best possible service to your clients. One way to differentiate yourself and enhance your professional credibility is by earning industry designations.

Real estate designations are certifications awarded by professional organizations to REALTORS® who have completed specific educational requirements and met industry standards. These designations signify specialized knowledge and expertise in various areas of real estate.

How to Choose the Right Designation

When selecting a designation, consider your career goals, interests, and your clients' needs. Here are some factors to think about:

Your Niche: If you specialize in a particular area, such as luxury homes or commercial properties, consider a designation that aligns with your niche.
Client Needs: Think about the specific needs of your clients and choose a designation that can help you better serve them.
Career Goals: If you aspire to a leadership role or want to start your own brokerage, certain designations can be particularly helpful.

Designations are offered by the National Association of REALTORS® , your state or local association like Louisiana REALTORS® , or even independent education providers . Some of the more common designations that focus on specific niches or areas of expertise include:

Customer Service: Accredited Buyer Representative (ABR) , Seller Representative Specialist (SRS) , At Home with Diversity® (AHWD) , Real Estate Negotiation Expert (RENE)
Commercial Real Estate: Certified Commercial Investment Member (CCIM) , Certified Property Manager® (CPM®)
Career Path: Certified Real Estate Brokerage Manager (CRB) , Graduate, REALTOR® Institute (GRI) , General Accredited Appraiser (GAA) , Residential Accredited Appraiser (RAA)
Niche Markets: Green Resource Certified Professional (GREEN) , Luxury Homes Certification (LHC) , Military Relocation Professional (MRP) , Short Sales and Foreclosure Resource (SFR®) , Seniors Real Estate Specialist® (SRES®)

By investing in your education and earning relevant designations, you can elevate your real estate career and provide exceptional service to your clients. Remember, continuous learning and professional development are key to success in the ever-evolving real estate industry.

Consumer Guide Update: Steps Between Signing and Closing on a Home

Thu, 21 Nov 2024 19:15:16 GMT

As previewed last week, NAR is pleased to share the latest consumer guide focused on the steps buyers should take between signing and closing on a home. This guide covers helpful information about escrow, appraisals, inspections, and other items to check off the list as buyers work toward finalizing their transaction and officially purchasing a home.

Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

The next consumer guide covering different types of agency relationships will be published on December 4 ^th .

Consumer Guide Update: Mortgages and Financing

Wed, 13 Nov 2024 16:29:30 GMT

As previewed last week, NAR is pleased to share its latest consumer guide focused on mortgages and financing. This guide covers how buyers can finance the purchase of a home, highlighting common types of mortgages, information about down payments, and the difference between federal and private loans.

As a reminder, the guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a running list of the resources published to date:

Thank you for your continued engagement with the “Consumer Guide” series, and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover the role of a REALTOR ^® between signing and closing.

Kevin Sears’ Update from the Road in Boston

Wed, 13 Nov 2024 14:15:20 GMT

I am so privileged to have spent time with so many of you this past week in Boston. Being around the energy and passion of this highly engaged group of REALTORS® gives me great belief in what our industry can continue to provide.

Watch my latest On The Road video here, where I share my 2025 priorities -- sticking to the NAR basics of protecting the consumer, and working together for the betterment of our industry, consumers and our communities. I also speak to the CTC recommendations presented to the Executive Committee and highlight some upcoming events.

I hope each of you had safe travels home, I look forward to what we can accomplish -- together -- in 2025!

View the video here and head to Magazine.realtor for an in-depth look at motions approved by NAR's governing bodies.

Elevate Your Real Estate Career: The Power of Professional Development and Designations

Tue, 12 Nov 2024 20:09:29 GMT

As a REALTOR®, staying ahead in a competitive market requires continuous learning and professional growth . Investing in your education and earning industry designations can significantly enhance your career trajectory. Let's explore how professional development and designations can benefit you.

The Importance of Professional Development

Professional development is an ongoing process that involves acquiring new knowledge and skills. It helps you stay informed about industry trends, legal updates, and technological advancements. Key benefits of professional development include:

Enhanced Knowledge and Skills: By attending conferences, workshops, and webinars, you can expand your expertise in various areas of real estate.
Improved Client Service: Staying up-to-date with the latest market trends and best practices enables you to provide superior service to your clients.
Increased Earning Potential: Clients often value agents who are knowledgeable and skilled, which can lead to higher commissions and referrals.
Boosted Confidence: Continual learning can boost your self-confidence and help you overcome challenges.
Networking Opportunities: Attending industry events allows you to connect with other professionals, build relationships, and expand your network.

The Value of Designations

Real estate designations are certifications awarded to REALTORS® who have completed specific educational requirements and met industry standards. They signify specialized knowledge and expertise in various areas of real estate. Here are some of the benefits of earning designations:

Enhanced Credibility: Designations elevate your professional status and credibility in the eyes of clients and peers.
Increased Market Value: Clients often recognize the value of working with a designated agent, which can lead to higher fees.
Expanded Career Opportunities: Designations can open doors to new opportunities, such as leadership roles within real estate organizations.
Networking Benefits: Designations connect you with a network of like-minded professionals who share your passion for real estate.
Continuing Education: Pursuing designations often requires ongoing education, keeping you up-to-date with industry trends.

By prioritizing professional development and earning relevant designations, you can position yourself as a top-tier REALTOR® and achieve long-term success in your career . Stay tuned for our next blog “Diving into Designations”.

Consumer Guide Update: Buying Your First Home

Thu, 07 Nov 2024 14:17:39 GMT

As previewed last week, NAR is pleased to share NAR’s latest consumer guide focused on first-time homebuyers. This guide covers what first-time buyers should be thinking about as they approach their homebuying journey, including the various resources and financial assistance programs available that may lessen their cost burden and help them to realize the dream of homeownership.

Be on the lookout for next week’s guide on Wednesday, which will cover mortgages and financing.

Louisiana REALTORS® YPN Advisory Council Takes Center Stage at LR Fall Governance Meetings

Thu, 31 Oct 2024 15:49:42 GMT

The Louisiana REALTORS® Fall Governance meeting was a whirlwind of activity, and the YPN Advisory Council was right in the thick of it! We had an amazing time connecting with fellow REALTORS®, sharing ideas and planning for an even bigger and better 2025.

Our First Open Advisory Board Meeting

A major highlight was our first-ever Open Advisory Council Board Meeting ! We threw open the doors and invited the general membership to join us for an open discussion about the future of the statewide YPN.

We heard some fantastic feedback on:

The current status of the YPN Advisory Council: You told us what's working and where we can improve.
Your vision for the future: We got a clear picture of where you want to see the YPN Advisory Council go in the coming years.
Programming you're craving: From leadership development to networking events, you shared your ideas for the kind of programming that will help you thrive in 2025.

This kind of open dialogue is essential to building a strong and relevant network, and we're so grateful to everyone who participated.

A New Leader Takes the Helm

To top it all off, we celebrated the appointment of our new YPN Advisory Council Chair, Shanna Braxton ! Shanna brings a wealth of experience, energy, and passion to the role, and we're incredibly excited to have her lead us into this next chapter.

What's Next for the YPN Advisory Council?

We're hitting the ground running, fueled by the energy and ideas from the Fall Governance meeting. Here's a sneak peek at what we're working on:

Developing exciting new programs based on your feedback.
Expanding our reach to connect with even more young professionals across Louisiana.
Strengthening our partnerships with local associations to create a truly collaborative network.

Stay Connected!

Want to stay in the loop on all things YPN Advisory Council? Here's how:

Join our Facebook Group: https://www.facebook.com/groups/1324889490971582 /
Attend our next meeting: Feb 3, 2025 at the LR Winter Conference in Lake Charles, La
Contact us with your ideas: lwhipp@larealtors.org

We're building a vibrant community of young real estate professionals in Louisiana, and we want you to be a part of it!

#LouisianaRealtors #StatewideYPN # YPNAdvisoryCouncil #FallGovernance #YoungProfessionals #RealEstate #Leadership #Networking #ShannaBraxton

Consumer Guide Update: 10 Questions to Ask a Seller’s Agent

Wed, 30 Oct 2024 15:26:15 GMT

As previewed last week, NAR is pleased to share the latest installment in our “Consumer Guide” series, which lists 10 important questions to ask a seller’s agent. Like its homebuyer counterpart that launched last week, this resource covers topics that home sellers should consider asking prospective agents about at the outset of their relationship to ensure it’s the right fit for them and their agent.

Thank you for your continued engagement with the guides in this series, and for sharing them with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover information relevant to first-time homebuyers.

Consumer Guide Update: 10 Questions to Ask a Buyer’s Agent

Thu, 24 Oct 2024 16:06:06 GMT

As previewed last week, we are pleased to share the latest installment in our “Consumer Guide” series, which lists 10 important questions to ask a buyer’s agent. This resource covers topics that home buyers should consider asking prospective agents about at the outset of their relationship to ensure it’s the right fit for them and their agent.

Thank you for your continued engagement with the guides in this series. We hope they continue to be helpful in setting you and your clients up for success. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover the “Top 10 Questions to Ask Your Seller Agent.”

Buying a New Home: What to Expect During the Appraisal Process

Wed, 23 Oct 2024 12:45:00 GMT

The home-buying process is full of other processes. From the pre-qualification process to the home shopping process to the inspection process to the closing process, and many more in between, it’s a lot to keep track of. With the help of a knowledgeable, professional REALTOR®, you can successfully navigate each and every one of these processes, ending up in a home that is perfect for you. However, it is still helpful to know what to expect. One of the most important and least familiar processes is the appraisal. Here is what you can expect during the appraisal.

The appraisal is the official determination of a home’s value . Based on the condition, square footage, location, and other factors like the current real estate market in an area, an unbiased, trained appraiser will provide a value of the property.

It’s important to know that the appraiser works for the lender. It is in their best interest to have the most accurate estimation of the home’s monetary value to ensure that the mortgage makes sense. With this in mind, the appraiser will look closely at areas like the home’s foundation, roof, plumbing, appliances, electrical system, and more. Once the evaluation is complete, the appraiser will return the full report to your lender; by law, they are then required to provide you with a copy.

While the appraiser is there on the lender’s behalf, they also serve an important role in protecting you as the buyer. If the appraisal comes back with a value lower than the asking price it can prevent you from making a bad deal.

Having the expertise of REALTOR® on your side can help tremendously, not only during the appraisal process but throughout the entire homebuying experience.

The Importance of Investing in Your Business as a REALTOR®

Thu, 17 Oct 2024 18:48:44 GMT

As a REALTOR®, your success depends not only on your market knowledge and client relationships, but also on how well you invest in your business. Real estate is a competitive industry, and to stand out and thrive, you need to treat your practice as a business, continually investing in the tools, resources, and strategies that help you grow.

Clients are the lifeblood of your real estate business. Investing in exceptional customer service —from personalized follow-up strategies to thank you gifts after closing—helps build strong, lasting relationships. Satisfied clients are more likely to refer you to others, provide testimonials, and come back for future transactions.

Investing in research and market analysis tools gives you the data-driven insights needed to advise your clients effectively. Whether it’s tracking local housing trends or analyzing the competition, having access to up-to-date information allows you to offer sound advice and remain a step ahead in your market.

Louisiana REALTORS® provides you access to local and statewide monthly and annual stats via FastStats Market Trends . Additionally, with Realtors Property Resource® (RPR) Access , you have access to hundreds of data sets on-the-go. You can view information from public records and listing data, demographics, psychographics, neighborhood info and more.

The real estate market is constantly evolving, with new trends , laws, and best practices emerging regularly. Ongoing education and training are essential to stay ahead of these changes. Whether it’s attending industry seminars, earning certifications, or taking specialized courses, investing in your professional development ensures you stay competitive and knowledgeable, positioning yourself as a trusted expert.

Your personal brand is one of your most valuable assets as a REALTOR®. Investing in a professional website, quality headshots, social media presence, and marketing materials helps you attract and retain clients. A strong brand sets you apart from the competition, communicates your value, and creates lasting impressions that can lead to referrals and repeat business.

Real estate is as much about who you know as what you know. Building relationships with fellow agents, lenders, inspectors, and other professionals can open doors to new opportunities. Attending industry events, joining local associations, and actively networking are all investments in your business that can lead to more leads, partnerships, and business growth.

As a REALTOR®, consistent investment in your business is crucial for growth and success. Treat your real estate practice like a business, and it will reward you with long-term success and financial growth.

Consumer Guide Update: Listing Agreements

Thu, 17 Oct 2024 16:16:46 GMT

As previewed last week, we are pleased to share the latest installment in our “Consumer Guide” series on listing agreements. This resource covers what a listing agreement is and guidance to help sellers determine the option that will work best for them.

Thank you for your continued engagement with the guides in this series, and for sharing the positive and constructive feedback that helps us to make these guides as relevant as possible for members and consumers. As you share these guides widely with your colleagues and clients, we do want to remind everyone that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover the “Top 10 Questions to Ask Your Buyer’s Agent.”

2025 NAR Committee Appointments

Thu, 10 Oct 2024 17:20:00 GMT

Please join us in congratulating the Louisiana REALTORS® who have been appointed to NAR committees for 2025. A total of 38 Louisiana REALTORS® members and staff have been selected to serve in 52 positions on NAR committees for the upcoming year.

Jodi Archer - Conventional Financing and Policy Committee, Member: At-Large

Branden Barker - Insurance Committee, Member: Affiliate Representative [IREM]

Land Use Property Rights and Environment Committee, Member: Affiliate Representative [IREM by virtue of Insurance Committee]

Bill Boyd - Board of Directors, Small Association Representative

Insurance Committee, Member: Regional Representative [Region 10]

Donna Chandler - Board of Directors, Large Association Representative

Membership Policy and Board Jurisdiction Committee, Member: At-Large

Keary Coffin - Broker Engagement Council, Member: State Representative

Tony Cornner - Board of Directors, State Allocated Director

Risk Management Issues Committee, Member: State Representative

Beth Cristin - Commercial Committee, Member: Forum Chair [Commercial Economic Issues and Trends]

Commercial Economic Issues and Trends Forum, Chair

Research Committee, Member: Forum Chair [Commercial Economic Issues & Trends Forum]

Cindy Dyer - Risk Management Issues Committee, Member: At-Large

David Favret - Meeting and Conference Committee, Vice Chair

Eloise Gauthier - Board of Directors, Regional Vice President [Region 10]

Carole Horn - Board of Directors, State Allocated Director

RPAC Trustees Federal Disbursement Committee, Member: Regional Representative [Region 10]

Scott Hughes - Research Committee, AEC Representative

Misty Ingersoll - B oard of Directors, Medium Association Representative

Multiple Listing Issues and Policies Committee, Member: State Representative

Connie Kyle - Insurance Committee, Member: At-Large

Brent Lancaster - Professional Development Committee, Member: Business Specialties Representative [CSRE]

Angela Lavalais - Housing Opportunities Committee, Member: State Representative

Tricia Leleux - FPC Advisory Committee, Member: State Representative

Marbury Little - Board of Directors, DSA Recipient

Public Policy Coordinating Committee, Member: At-Large

Ginger Maulden - Risk Management Issues Committee, Member: At-Large

Andrea McKey - Strategic Planning Committee, Member: At-Large

David McKey - Board of Directors, State Allocated Director

Insurance Committee, Vice Chair

Public Policy Coordinating Committee, Member: Committee Vice Chair [Insurance Committee]

Theresa Miller - Member Communications Committee, Member: At-Large

Craig Mirambell - Multiple Listing Issues and Policies Committee, Member: At-Large

Norman Morris - Insurance Committee, AEC Representative

Lynda Nugent-Smith - RPAC Trustees Fundraising Committee, Member: Regional Representative [Region 10]

Danette O'Neal - Smart Growth Advisory Board, Chair

Austin Polk - Risk Management Issues Committee, Member: At-Large

Prissy Reap - State and Local Issues Policy Committee, Member: At-Large

Rhonda Reap-Curiel - Board of Directors, State President

Data Strategies Committee, Member: At-Large

Summer Richard-Boudreaux - RPAC Participation Council, Member: State Representative

Matthew Ritchie - Real Property Operations Committee, Member: Immediate Past Chair

Dax Roy - RPAC Major Investor Council, Member: State Representative

Erika Sluss - Membership Policy and Board Jurisdiction Committee, Member: State Representative

Kyle Straughan - C ommitment to Excellence Committee, Member: At-Large

Jeffrey Welsh - Board of Directors, Large Association Representative

Risk Management Issues Committee, Member: At-Large

Phoebe Whealdon - Consumer Communications Committee, Member: At-Large

Ginger Wiggins - Board of Directors, Large Association Representative

Smart Growth Advisory Board, Member: At-Large

Evelyn Wolford - State and Local Issues Mobilization Support Committee, Member: At-Large

Consumer Guide Update: Fair Housing

Thu, 10 Oct 2024 16:31:25 GMT

As previewed last week, NAR is pleased to share the latest installment in our “Consumer Guide” series on fair housing. This resource covers what fair housing is and how consumers and agents have rights and responsibilities to promote a homebuying or selling process free of discrimination.

As a reminder, the guides in this series are available for download—in both English and Spanish—on facts.realtor. Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a running list of the resources published to date:

Thank you for your continued engagement with the guides in this series, and for sharing the positive and constructive feedback that helps us to make these guides as relevant as possible for members and your clients. As you share these guides widely with your colleagues and clients, we do want to remind everyone that these guides are for informational purposes only, and are not meant to enact or change any existing NAR policy.

Be on the lookout for next week’s guide on Wednesday, which will cover Listing Agreements.

Consumer Guide Updates: Multiple Listing Services

Wed, 02 Oct 2024 16:03:55 GMT

As previewed last week, NAR is pleased to share the latest installment of the “Consumer Guide” series on multiple listing services (MLSs). This resource covers what an MLS is and how it aids in the homebuying and home selling process.

Thank you for your continued engagement with the guides in this series, and for sharing the positive and constructive feedback that helps us to make these guides as relevant as possible for your members and their clients. Be on the lookout for next week’s guide on Wednesday, which will cover Fair Housing.

5 Things That May be Slowing Your Wi-Fi Speed

Tue, 01 Oct 2024 16:19:19 GMT

The need for speed: When it comes to our internet connections, there is no such thing as being too fast. We crave speed in every aspect of our lives, and our Wi-Fi is no exception.

But when your connection feels like it is starting to slow down, even the simplest tasks can feel like they’re taking an eternity. So, if your device is acting up, is your Wi-Fi connection the culprit – or the device itself? How can you tell?

Here are the five things you need to know that may slow down your Wi-Fi connection.

The distance dilemma: The further, the slower

Imagine trying to have a conversation with someone across a football field. Just like sound, your Wi-Fi signal weakens over distance. The farther your device is from the router, the slower the speed. If you’re working in your home office upstairs while your router is downstairs, the distance could impact your connection.

Real estate agents often move around. Let’s say you’re trying to show potential buyers a tour on your phone or tablet. Everything is crystal clear until you walk outside. Suddenly, your video starts buffering or cutting in and out. Frustrating, right?

That’s the distance dilemma in action. If your Wi-Fi drops when you walk to a different room, distance is likely the culprit. The Wi-Fi signal weakens the further you are from the router. This is why you might have lightning-fast speeds in your home office but struggle to load a simple webpage when you’re relaxing on the patio.

Pro tip: Consider investing in a Wi-Fi range extender to boost your signal throughout your home. Alternatively, newer mesh Wi-Fi systems can offer more consistent coverage across larger areas. Tech Helpline experts can help walk you through your options.

Interference: The invisible speed bump

Like driving on a busy highway, your Wi-Fi signal must navigate various obstacles. Walls, doors, and even large furniture can interfere with your signal.

But it’s not just physical barriers: other electronic devices, such as microwaves, cordless phones, and even baby monitors, can also interfere with your Wi-Fi, creating a traffic jam that slows down your connection. This interference can cause significant speed drops, especially if your router is near these devices.

Picture a busy open house with multiple conversations happening simultaneously. Each conversation (or device) competes for attention, leading to a noisy environment. Similarly, your neighbors’ Wi-Fi networks can interfere with yours if you’re in a densely populated area. It’s like trying to have a conversation in a crowded room – the more people talking, the harder it is to hear clearly.

Pro tip: Place your router in a central location or on a higher shelf, away from potential sources of interference. You can also switch your router to a less crowded Wi-Fi channel, as most modern routers allow you to select the channel with the least interference manually.

A congestion conundrum: The digital rush hour

Think of your Wi-Fi network as a busy intersection. The more devices connected simultaneously, the more your Wi-Fi network can become congested and slow down. Each device, from your smartphone to your smart thermostat, competes for bandwidth, which can lead to slower speeds.

Let’s say you’re hosting a conference call with a client while simultaneously your kids are playing video games online, and your spouse is streaming a video. All these activities demand bandwidth, so it should not be surprising if you have a sluggish connection. Moreover, slowdowns are inevitable if your available internet speed and router are not equipped to handle this traffic demand.

Pro tip: Disconnect devices not in use and prioritize bandwidth-heavy tasks. Modern routers often come with Quality of Service (QoS) settings, allowing you to prioritize specific devices or applications for smoother performance. Again, you can reach out to a Tech Helpline expert for help.

Old routers cause new problems: The case for upgrading

Technology evolves rapidly, and the old router you’ve been using for years might not be up to the task anymore. If your router is more than a few years old, it might not be capable of delivering the speeds you’re paying for. Outdated routers can’t handle the higher speeds provided by modern internet plans, leading to delays.

Imagine trying to run the latest real estate software on a ten-year-old computer. Like outdated hardware struggles with new software, an old router can’t keep up with today’s high-speed internet demands.

Pro tip: Upgrade your router every few years to ensure it supports the latest Wi-Fi standards. Look for dual-band or tri-band routers that can efficiently handle more devices and higher speeds. If you need advice, Tech Helpline can assist.

ISP throttling: The invisible funnel slowing you down

Sometimes, the issue is outside your home. Your Internet Service Provider or ISP may intentionally slow down your connection during peak times or if you’ve exceeded a data limit. This practice is known as ISP throttling, which is often hard to detect.

Throttling can be particularly frustrating when you’re trying to upload photos for new property listings or downloading large document files or videos. Despite having a fast connection, you may notice sudden drops in speed, especially during busy periods.

You might be paying for high-speed internet, but your ISP could limit your speeds without your knowledge. This practice is sometimes used to manage network congestion or to encourage users to upgrade to more expensive plans.

Pro tip: Check with your ISP to see if throttling is impacting your service – or carefully read the terms of your internet agreement. Upgrading to a higher-speed plan may help mitigate throttling issues.

Speeding up your day

Addressing these common Wi-Fi issues can transform your internet experience from a frustrating crawl to a seamless breeze. Understanding and mitigating the factors that slow your Wi-Fi can ensure a more reliable connection, which can help speed up your workflow. Whether it’s closing a deal on a video call or uploading high-resolution images of a new listing, a fast and stable Wi-Fi connection is vital.

Don’t let slow Wi-Fi hold you back. Take charge of your connection, implement these tips, and fulfill your need for speed. After all, time is money, and a fast Wi-Fi connection helps keep your business going. And if you need additional assistance, Tech Helpline is only a tap, click, call, or text away.

Consumer Guide Update: Seller Concessions

Thu, 26 Sep 2024 16:19:52 GMT

As previewed last week, NAR is pleased to share the latest installment in our “Consumer Guide” series on seller concessions. This resource covers the most common types of seller concessions, rules for when and where to offer them, and how they can facilitate a successful transaction for both homebuyers and sellers.

Thank you for your continued engagement with the guides in this series, and for sharing the positive and constructive feedback that helps us to make these guides as relevant as possible for your members and their clients. Be on the lookout for next week’s guide on Wednesday, which will cover Multiple Listing Services.

REALTOR Safety: 3 Situations to Avoid

Mon, 23 Sep 2024 17:27:50 GMT

Context means everything. It can change the meaning of a conversation. It influences the decisions that people make. It defines the safety of a situation. For example, to say you’re swimming is one thing; however, if you put this activity in the context of being in the ocean, at dusk, or near a fishing pier, it becomes much more dangerous. Now, that is a very specific example. However, the daily activities of a REALTOR® are filled with specific examples and duties. To the average person, or even to a client, a REALTOR’S® routine may seem pretty harmless, but in the correct context, there is the potential for danger. Here are three common situations that REALTORS may find themselves in and should avoid.

1.) Driving new or unfamiliar clients in your car.

One situation that demands caution and vigilance is driving potentially new clients, whom you are unfamiliar with, in your own car from property to property. This practice puts you at risk of being attacked, robbed, having your car stolen, or worse. To mitigate these risks, it's advisable to drive separately, with the client following you from home to home. When you arrive, ensure to park in a location that allows for a quick getaway if needed.

2.) Entering foreclosed and vacant homes.

Foreclosures, vacant, and other empty properties can pose several different threats . Squatters, disgruntled owners, damage, poor lighting, and more are not uncommon. If you are checking out a property like this, never go alone. Always bring someone with you. Inspect the exterior first and ensure that no doors have been forced open or windows have been broken. You should also visit during the day when more people are around, and the lighting is better.

3.) Meeting unfamiliar people alone at a property.

Another important safety practice is to avoid meeting unfamiliar people alone at a property. Instead, it's advisable to meet them in a comfortable place where you won’t be alone. This approach ensures your security and protection. A good strategy is to meet at your office first, which provides an opportunity for them to fill out a customer identification form, present a copy of their driver’s license, and share more information. It's also beneficial to introduce them to a co-worker.

These are just a few examples of the everyday tasks that REALTORS® may perform, which may seem normal but could potentially be dangerous. It’s crucial to prioritize your safety, and by making a few adjustments to your routine, you can significantly reduce unnecessary risk.

Consumer Guide Updates: Negotiating Written Buyer Agreements

Thu, 19 Sep 2024 20:52:06 GMT

As previewed last week, we are pleased to share the latest installment in our "Consumer Guide" series on negotiating written buyer agreements. This resource covers what consumers should expect from-and how to navigate-conversations with agents who are REALTORS® about the services they need and the associated compensation.

As a reminder, the guides in this series are available for download-in both English and Spanish-on facts.realtor . For ease of reference, below is a running list of the resources published to date:

Thank you for your continued support in rolling out this series and helping us to select the topics that are most relevant to the homebuyers and sellers you work with. Be on the lookout for next week's guide on Wednesday, which will cover seller concessions.

Why Should I Sell My Home with a REALTOR®

Tue, 17 Sep 2024 20:47:34 GMT

Selling your home without a REALTOR® can create many different risks that can cause your property to be misperceived and potentially undervalued. Here are a few things that you risk if you decide to sell your home without the knowledge and skills of a trusted REALTOR®.

Negotiation Skills

Once a potential buyer is found, it will all come down to price. Taking too firm of a stance could cost you the sale, but being too soft could cost you thousands of dollars. This part of the process also includes a lot of different technicalities. What extra costs are you covering? Is the purchase agreement accurate? This can be a delicate and detailed process. REALTORS® have the experience and expertise to make sure you are well-represented and receive the best deal possible .

Time Management

The longer that your home stays on the market, the more difficult it can be to sell. Also, the amount of time and flexibility required to prepare and show the home to prospective buyers is considerable. If you forgo the services of a REALTOR®, you’ll need to make yourself available at a moment’s notice to meet with buyers, organize an open house, and also see to any inspections or repairs. This is in addition to your normal daily obligations and schedule. However, with a REALTOR® managing these time-consuming tasks, you can experience a sense of relief and stress-free selling process.

Total Transaction Oversight

Buying and selling a home is the largest transaction that most people make in their lives. Understanding the protocol of each stage of the transaction and knowing how to respond accordingly is essential to the success of selling your home. Inspections, financing, appraisals, communication, closing, and so many other processes are a lot to handle and more importantly, handle well. Again, a REALTOR® is trained and licensed to handle these demands.

While these are only a few of the things you risk when you attempt to sell your home on your own, it is just as important to know that these challenges and others can be mitigated by using the services of a REALTOR®.

3 Safety Concepts All REALTORS® Should Know

Fri, 13 Sep 2024 22:09:42 GMT

Some of the things that make being a REALTOR® a rewarding, fulfilling career are also some of the things that pose potential safety risks . Meeting new people and visiting new places are all significant parts of the job, and being prepared for these situations is vital not only to your professional success but to your well-being. Let’s take a closer look at three concepts that can keep you safe and find ways to incorporate them into your daily routine to avoid unsafe situations.

Situational Awareness for REALTORS®

Try to meet with a client before a showing. Invite them to meet at your office or in a public place. Ideally, this would be an excellent time to get a copy of their pre-approval letter. However, if they don’t have one, use this meeting to collect some basic information from them, including their full name, driver’s license, and vehicle information.

It’s also a good idea to arrive early before a showing. Drive through the neighborhood and familiarize yourself with the street routes in and out of the area. Also, walk through the house so that you understand the layout. Unlock all doors, and consider a potential escape plan should the need arise. Also, park your car in the street as opposed to the driveway; this can prevent you from possibly being blocked.

Safety Practices for REALTORS®

Safety sounds like a general term, but creating and following a specific safety plan is a good idea. Your safety plan should take into account:

How you communicate with your office
How you interact with clients
How do you approach neighborhoods and properties
How do you show a property
How you present yourself

Self-Defense

Useful self-defense skills don’t require a black belt. Keep these simple tips in mind for practical self-defense should you ever need it.

Use your gross motor skills. This means focusing on using an open hand to strike your attacker as opposed to punching or using a weapon like pepper spray.
Try and create distance to escape.
Use anything you have access to as a tool for escape. If you have your car keys, press your car’s panic button.

Unfortunately, the potential for danger can occur at any time. However, having a sound safety plan, being aware of your surroundings, and knowing how to defend yourself are all critical skills to have as a REALTOR®.

September is REALTOR Safety Month

Tue, 10 Sep 2024 18:32:57 GMT

September is REALTOR® Safety Month, and there's no better time to reassess your safety protocols and make safety a top-of-mind priority.

The reality in real estate is that there are some real threats when working in the field, and it's crucial to be prepared. The 2023 REALTOR® Safety Survey highlights alarming statistics of the potential dangers REALTORS® face while on the job:

56,000 REALTORS® were victims of a crime while performing their duties.
322,000 REALTORS® felt fear for their safety while on the job.
406,000 REALTORS® don’t have safety protocols in place to protect themselves.

Here's how NAR's REALTOR® Safety Program can make a significant difference in your safety:

Resources, tools and tips: proven techniques from field professionals to stay aware and prepared, helping ensure your safety at all times.
Boost confidence: empower yourself with information and tools to handle challenging situations in the field effectively.
Free Live Webinars: join our REALTOR® Safety Month webinar on Sept. 18th, 12:00 pm CT , and learn how to identify potential threats, leverage technology for safety, and effectively handle emergencies.

Safety is a healthy habit that could save your life. So, don’t wait until the worst happens, and be prepared with measures to cut down the chances of becoming a target.

Remember, the real value in real estate is YOU!

Lottery Registration for Louisiana Fortify Homes Program Grants Will Open September 18

Wed, 04 Sep 2024 01:40:35 GMT

300 Grants Available to Residents of Louisiana’s Coastal Zone

Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Wednesday, September 18, and close at 5 p.m. on Friday, September 20. While previous grant rounds operated on a first-come, first-served basis, registration for this and future rounds will be conducted using a lottery system.

To participate in the lottery, homeowners must register during the three-day period in September. Homeowners who attempted to apply during a previous round of grants but were not selected will need to register for this round.

Once the lottery registration period closes, the LFHP will randomly select 300 participants from the pool of eligible registrants, and an additional 200 registrants will be placed on a waitlist for the same round. The LFHP will send an email notification to registrants who are selected to participate.

This round will be open to residents of Louisiana’s Coastal Zone, which includes all or part of the following parishes: Ascension, Assumption, Calcasieu, Cameron, Iberia, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne and Vermilion.

The LFHP is considering parameters for future grant rounds, including opening rounds to registrants statewide, limiting registration to homeowners with low-to-moderate income, and more. Details about future grant rounds will be released later this year.

“With over 1,300 FORTIFIED roof grants issued since the program began last year, the LFHP is doing great work to help homeowners while making our state a more attractive place for insurers to do business,” said Commissioner Tim Temple. “Changing the program to a lottery system creates a fairer experience for everyone who is interested in applying.”

Those interested in the program are encouraged to review eligibility information and frequently asked questions at www.ldi.la.gov/fortifyhomes to determine whether their home meets the requirements for the program. Homeowners are required to create a profile in the LFHP system before registering for the lottery and may do so by visiting the LFHP website and clicking the Login button. Homeowners who previously created a profile may continue to use it.

If selected to participate in the grant program, homeowners will be financially responsible for having the home evaluated by a FORTIFIED-certified Evaluator as well as costs for the roof upgrade including permits, inspections and construction costs beyond the amount of the grant.

Eligibility & Grant Requirements:

Homeowners applying for a grant should wait to see if they are selected to participate before contacting an Evaluator or Contractor as the process for selecting professionals is managed through the LFHP grant program. Homeowners who select a Contractor and begin work on the project before receiving approval from the LFHP are not eligible for the program.
Homeowners selected to receive a grant will be responsible for paying evaluation fees for the entire evaluation process according to prices set by the Evaluator.
Homeowners are only eligible for their primary residence and must verify they have a homestead exemption on the property during the application process.
Homeowners must provide proof of an active residential insurance policy with wind coverage. If they live in a Special Flood Hazard Area as designated by FEMA, they must also provide proof of a flood insurance policy. Contact your agent if you are unsure whether you have these coverages.
Homes must be in good repair as determined by a FORTIFIED Evaluator.
New construction homes, condominiums and mobile homes are not eligible to participate in the program.
Homes on a foundation constructed of unrestrained stacked masonry or stone (dry-stack foundation) are not eligible without an approved retrofit of the foundation.
The completed project must meet the FORTIFIED Roof Standard for the grant to be issued. Grant funds are paid directly to contractors. Homeowners are financially responsible for all costs beyond the full grant amount. Grant funding is limited to construction costs.
These and all other eligibility requirements and program details may be reviewed at www.ldi.la.gov/fortifyhomes .

The LFHP provides grants of up to $10,000 for homeowners to upgrade their roof to the Insurance Institute for Business & Home Safety’s FORTIFIED Roof Standard, which includes strengthening the home against severe storms, high winds and wind driven rain.

New Additions to Consumer Guide Series

Fri, 30 Aug 2024 14:06:07 GMT

NAR has shared the next two resources in its new “Consumer Guide” series, which cover the following topics:

Open Houses and Written Agreements : Defines key terms under the settlement in consumer-friendly language and helps to explain when agents are required to enter into written agreements with buyers and when they are not.

R EALTORS’® Duty to Put Client Int erests Above Their Own : Explains what it means for a REALTOR® to act in their client’s best interest and describes how the practice changes combat unlawful steering practices.

Designed to be given directly to inquiring buyers, these resources are part of NAR’s ongoing campaign to help our members bring clarity to the practice changes for consumers. Both guides are available for download on facts.realtor . As a reminder, the first installment in this series was an overview of written agreements, which can be found here .

NAR hopes this series of resources is helpful as we all navigate this challenging transitional time. We appreciate your efforts to provide clarity to consumers and fellow agents on specific aspects of the practice changes as we aim to help everyone comply and adapt.

New Consumer Resource on Written Buyer Agreements

Tue, 27 Aug 2024 17:10:44 GMT

NAR is excited to share that it is rolling out new resources for members and their clients to help them navigate the practice changes. They will focus on various aspects of working with an agent who is a REALTOR®.

The first in this series is a one-page, consumer-friendly guide on written buyer agreements : what they are, why consumers will be asked to sign them, and how they help create clarity and transparency at the start of a relationship between a buyer and their real estate professional. The resource, which is designed to be given directly to consumers during these discussions, is part of NAR's ongoing campaign to help members promote clarity and transparency with the consumers they serve.

It is available for download on facts.realtor , at the link below and within the LR Broker Toolkit under the "For Your Client" section.

Date of Class Notice: August 17th

Mon, 26 Aug 2024 16:59:33 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

As you may recall, in addition to being the practice change deadline, August 17 ^th was also the earliest possible date for Class Notice. As expected, the class notice was published on August 17th on the official settlement website by the plaintiffs' counsel.

We previously sent all members and associations an email about the expected date of class notice, what it is, and how to respond to consumer inquiries. As a reminder, the notice, which will be distributed by mail and electronically, informs class members of their rights, options, and key deadlines under the proposed settlement.

For more information on what the class notice means for REALTORS®, we encourage you to watch and share this informational video featuring NAR General Counsel Lesley Muchow. Consumers with questions about the class notice or eligibility processes should reference the settlement website or call the settlement administrator at 888-995-0207 for additional guidance. As always, facts.realtor remains the most comprehensive resource for information on the settlement for REALTORS® and consumers.

4 Things That Influence the Price of a Home

Wed, 21 Aug 2024 14:36:07 GMT

When you step on the lot at a car dealership you’ll notice a variety of cars and a variety of prices. The reason for the range of dollar signs stems from several different factors. The sticker price is the result of a number of elements ranging from MSRP to the dealer’s invoice. There are also physical traits that can inflate or reduce the cost of buying a car. Age, engine size, amenities, technology, mileage, and more all directly influence how much you could end up paying for a new set of wheels. With all of these moving parts, there is a lot of room for negotiation . In this sense, buying or selling a car can be a lot like buying or selling a home.

Arguably, the most critical step when selling your home is setting an accurate and appropriate price. The same goes for buying a house. It is very important that you understand what a fair price is for the property you are considering. This is where REALTORS® offer so much value in helping both buyers and sellers calculate and consider pricing. Here are four things that influence the price of a home.

Historical & Comparable Real Estate Sales

Looking at the historical sale prices of an older property, combined with the prices of homes in the area of comparable size, age, and condition, can provide a consistent baseline for both setting a price and negotiating.

Age & Condition of the Home

Both of these features are imperative when determining the future cost of ownership. In terms of maintenance, older homes could require more work and money in the long run. The foundation, electrical work, structural integrity, plumbing, and overall age should be strongly considered from the perspective of both the buyer and the seller, and the price or offer should reflect it.

Location, Location, Location

This may sound cliché, but it’s still very true. Everything from the market to the neighborhood to the schools to nearby attractions and amenities will dramatically influence the price. Convenience, economy, and education are all major considerations for a buyer.

Size & Appeal of the Home

This sounds obvious, and as buyers become more focused on price per square foot, it is important to price accordingly. Other factors like the layout of the home and additional features (like a pool, fence, patio, etc.) will also play a large role.

While buying and selling a home is a big decision, the success of that decision ultimately comes down to price. How much do you pay, or how much do you get? Trusting a REALTOR® from either side of the transaction will help ensure you get exactly what you need.

How Technology is Revolutionizing the Real Estate Industry for REALTORS®

Wed, 14 Aug 2024 17:51:28 GMT

The real estate industry is undergoing a significant transformation driven by technological advancements. REALTORS® who embrace these changes are finding new ways to streamline their operations, enhance client experiences, and stay competitive in an increasingly digital market.

Enhanced Property Listings with Virtual Tours and 3D Imaging

One of the most notable technological advancements in real estate is the use of virtual tours and 3D imaging. These tools allow potential buyers to explore properties from the comfort of their homes. High-quality virtual tours provide a realistic, immersive experience, enabling clients to walk through properties and get a true sense of the space without needing to visit in person. This not only saves time for both REALTORS® and clients but also broadens the pool of potential buyers, including those who may be relocating from different areas.

Efficient Client Management with CRM Software

Customer Relationship Management (CRM) software is becoming an indispensable tool for REALTORS. These platforms help manage client interactions, track leads, and automate follow-up communications. By leveraging CRM systems, REALTORS® can provide personalized service, keep track of client preferences, and ensure no potential lead falls through the cracks. This level of organization and efficiency can significantly enhance client satisfaction and boost sales.

Big Data and Analytics for Informed Decision-Making

The power of big data and analytics is revolutionizing how REALTORS® approach market analysis and property valuation. Advanced analytics tools can process vast amounts of data, providing insights into market trends, property values, and buyer behavior. This enables REALTORS® to make informed decisions, offer accurate pricing advice, and identify emerging market opportunities. With data-driven insights, REALTORS® can better serve their clients and stay ahead of market shifts.

Mobile Technology for On-the-Go Service

Mobile technology is crucial for REALTORS, who often work outside traditional office environments. Mobile apps and cloud-based platforms allow REALTORS® to access property listings, client information, and transaction details from anywhere. This flexibility ensures that REALTORS® can respond quickly to client inquiries, schedule showings, and manage transactions efficiently, even while on the move. Mobile technology enhances productivity and allows REALTORS® to provide seamless service to their clients.

Digital Marketing and Social Media Outreach

In today’s digital age, having a strong online presence is essential for REALTORS®. Social media platforms and digital marketing tools enable REALTORS® to reach a wider audience and engage with potential clients more effectively. By creating targeted advertising campaigns, sharing virtual tours, and posting engaging content, REALTORS® can build their brand , attract leads, and nurture client relationships. Social media also offers opportunities for client interaction and feedback, further enhancing the client experience.

Blockchain for Transparent Transactions

Blockchain technology is poised to bring greater transparency and security to real estate transactions. By providing a decentralized ledger for recording property transactions, blockchain can reduce fraud, streamline the transaction process, and ensure that all parties have access to accurate and immutable records. This technology can simplify the closing process, reduce paperwork, and provide clients with greater confidence in the integrity of their transactions.

Technology is revolutionizing the real estate industry, offering REALTORS® new tools and strategies to enhance their services and stay competitive. From virtual tours and CRM software to big data analytics and blockchain, these advancements are reshaping how REALTORS® operates and interacts with clients. By embracing these technologies, REALTORS® can improve efficiency, provide better service, and achieve greater success in an ever-evolving market. As technology continues to advance, the REALTORS® who adapt and innovate will be best positioned to thrive in the future of real estate.

Understanding Class Notice Before August 17

Mon, 12 Aug 2024 21:04:47 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

There are just five days left before the implementation of NAR’s practice changes on August 17. Today, we also want to make you aware of “class notice,” which could come as early as August 17, and how real estate professionals should answer questions from consumers should they arise.

Class notice is a court-approved process through which members of the “Settlement Class”—home sellers who sold a home during the eligible date ranges, the home was sold on an MLS anywhere in the U.S., and paid a commission to a real estate brokerage in connection with the sale of the home—will be informed about NAR’s proposed settlement of the Sitzer-Burnett case. Notices will be distributed by mail and electronically. Class notice informs class members of their rights, options, and deadlines to exercise those rights and options under the proposed settlement. Watch NAR’s video on what class notice means for REALTORS® here .

Consumers in your area may have already received a notice regarding separate settlements made by certain brokerage firms; however, this notice will be new and address NAR’s settlement.

It is important to underscore that NAR does not manage the class notice process. NAR members may nonetheless receive questions from consumers. NAR members should direct consumers to the settlement website ( www.RealEstateCommissionLitigation.com ) where they can find relevant information. You may also direct them to call the settlement administrator at 888-995-0207 , for additional guidance. NAR members should refrain from further advising consumers on class notice.

We’d like to take a moment in the final days prior to August 17 to thank all NAR members as well as association and MLS staff who have been working tirelessly to prepare for and/or implement the practice changes across their organizations and businesses. We’d also like to thank all who have played an instrumental role in providing feedback, asking questions, and staying engaged in our settlement and practice change educational campaign.

Lastly, we leave you with several notes and updates:

The practice changes are detailed here and clarifying information is available in our FAQ on facts.realtor .
To obtain a release of liability under the settlement, you must be a REALTOR® on the date of class notice.
We’ve made updates to our FAQ, including a new section on transaction brokerage (#80-86).
We will host a webinar on August 15 from 3-4PM CT on the practice changes. Access it here .
Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course available to REALTORS® at no cost: abr.realtor .

Thank you, and please feel free to reach out with any questions.

Embracing Technology: How Home Buyers, Sellers, and REALTORS® are Transforming the Real Estate Experience

Thu, 08 Aug 2024 13:00:03 GMT

The real estate industry is experiencing a technological revolution that is reshaping the way home buyers, sellers, and REALTORS® interact and conduct business. With digital tools and other platforms, the entire process of buying and selling homes has become more efficient, transparent, and convenient. Here’s a look at how home buyers and sellers are utilizing technology and how REALTORS® can leverage these advancements to provide exceptional service.

How Home Buyers are Using Technology

Technology is being used by more and more home purchasers to expedite the house-hunting process. In a competitive market, real-time updates via mobile apps about new listings and price adjustments help buyers stay informed. In addition, online mortgage calculators and pre-approval tools help purchasers effectively manage their money, while virtual reality and 3D tours provide a true experience of the house. Purchasing and finding a new house is now easier and more effective than ever, thanks to this tech-savvy method.

Online Property Searches

Today’s home buyers begin their search online. Websites and mobile apps like, REALTOR.com, and Redfin provide extensive property listings with detailed information, photos, and virtual tours. These platforms allow buyers to filter search results based on specific criteria such as location, price range, and property type, making the initial stages of home hunting much more efficient.

Virtual Tours and 3D Imaging

Virtual tours and 3D imaging have revolutionized the home viewing process. These technologies allow buyers to explore properties from the comfort of their homes, providing a realistic and immersive experience. This is particularly beneficial for buyers relocating from different areas or those with busy schedules, as it reduces the need for in-person visits until they have narrowed down their choices.

Mobile Apps and Alerts

Mobile apps keep buyers informed in real time. By setting up alerts, buyers can receive notifications about new listings, price changes, and open houses. This instant access to information ensures that they can act quickly in a competitive market.

How Home Sellers are Using Technology

Technology is being used by home sellers to improve and expand their property listings. Listings can also be promoted on social media platforms like Facebook and Instagram, and prospective buyers are contacted through these channels. While electronic document signing platforms like DocuSign ease the paperwork process and speed up transactions, online house valuation tools assist sellers in setting competitive rates. This tech-driven strategy expedites the sale process by increasing visibility and drawing in more qualified bidders.

Digital Marketing and Social Media

Home sellers are utilizing digital marketing strategies to reach a broader audience. Professional photos, virtual tours, and drone footage enhance online listings, making properties more attractive to potential buyers. Social media platforms like Facebook, Instagram, and LinkedIn are also being used to promote properties, engage with interested buyers, and share updates.

Electronic Document Signing

Technology has streamlined the paperwork involved in selling a home. Electronic document signing platforms like DocuSign enable sellers to sign and send documents securely and efficiently, reducing the time and hassle associated with traditional paper-based processes.

How REALTORS® Can Leverage Technology Enhanced Client Engagement

REALTORS® can use customer relationship management (CRM) systems to manage client interactions more effectively. These systems help track client preferences, schedule follow-ups, and provide personalized service. By utilizing CRM software, REALTORS® can ensure no lead is missed and maintain strong client relationships.

Data-Driven Insights

Advanced analytics tools allow REALTORS® to analyze market trends , property values, and buyer behavior. This data-driven approach enables REALTORS® to provide clients with accurate pricing strategies and identify emerging opportunities. Informed decisions based on data can give clients a competitive edge in the market.

Virtual and Augmented Reality

REALTORS® can offer virtual and augmented reality experiences to provide immersive property tours. This technology not only enhances the viewing experience for buyers but also showcases properties in a modern and innovative way, setting REALTORS® apart from the competition.

Streamlined Transactions

By adopting electronic document signing and secure online transaction platforms, REALTORS® can streamline the buying and selling process. These tools reduce paperwork, speed up transactions, and ensure that all parties can complete necessary documentation quickly and securely.

Social Media and Digital Marketing

REALTORS® can leverage social media and digital marketing to promote listings, share market insights, and engage with potential clients. A strong online presence helps REALTORS® reach a wider audience and build their brand in the digital space.

Technology is transforming the real estate industry, offering new opportunities for home buyers, sellers, and REALTORS® alike. Buyers benefit from easy access to property information and virtual tours, while sellers can reach a broader audience through digital marketing and online tools. For REALTORS®, leveraging technology means enhanced client engagement, data-driven insights, and streamlined transactions. By embracing these advancements, REALTORS® can provide superior service, stay competitive, and thrive in an increasingly digital market.

Improved ODP Business Solutions In-Store Program

Tue, 06 Aug 2024 20:02:47 GMT

Your Store Discount Program printable card is here!

Maximize your Louisiana Association of Realtors membership with the Office Depot Partner Program! Save up to 75% off on in-store prices on thousands of different office supplies. Enjoy better savings and efficiency whether you’re working from the office, home, school, or even your car!

Why ODP Business Solutions?

Flexible savings – Up to 75% on Best Value products with thousands of items discounted below retail. You’ll save on:
Office supplies and essentials.
Furniture.
Coffee, breakroom and janitorial solutions.
Ink and toner deals – Discounted pricing on 400+ HP products and more.
Copy and print services – Receive significant savings on copy and print.
Special Offers – See flash sales available on your dashboard when you login to your account.

Your Store Discount Program (SDP) is Here!

Bigger Savings are Back in Office Depot Stores! Shop at any Office Depot® or OfficeMax® store with the new SDP card.

If you currently have a Store Purchasing Card (SPC) your card will be switched over to the new Store Discount Program.
The program will offer a standard discount, contracted pricing in store on certain product categories when you identify yourself as a program member.
You can use your current SPC in store, but we encourage you to obtain a login to the ODP website to access all ordering options, delivery or pick up in store. Please contact Customer Care at 888-2-OFFICE for assistance.
Please note: Account Billing will no longer be available with the Store Discount Program

Download Store Discount Program Card

Take Advantage and Join Today!

Text LARSPC to 833-344-0228 to receive exclusive limited time offers.

REMINDER: Implement Practice Changes by August 17 with UPDATES!

Fri, 26 Jul 2024 17:39:49 GMT

Reminder from National Association of REALTORS®

Ahead of the August 17 implementation of NAR's practice changes, we wanted to provide a few reminders of actions that are required to obtain a release of liability and protect your organization from claims related to broker commissions:

We recommend all MLSs implement practice changes by August 17. REALTOR® MLSs (those owned exclusively by one or more REALTOR® Member Boards) must implement the changes by this date to remain in compliance with NAR policy.
Offers of compensation are prohibited on MLSs. Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Offers of compensation help make homeownership and the benefits of professional representation more accessible to buyers, including first-time homebuyers, increase homeownership opportunities for historically underserved groups, and benefit sellers by expanding the potential buyer pool.
Agents working with a buyer must enter into a written agreement before touring a home. Ahead of August 17, NAR encourages all members to address form changes and prepare to educate real estate professionals and consumers about revised forms. NAR policy does not dictate terms of buyer agreements, but NAR has created resources to assist with implementation of the settlement terms-such as tips on clarity and emphasizing consumer choice-including our "Written Buyer Agreements 101" resource, available here .

The practice changes are detailed here , and clarifying information is available in our FAQ on facts.realtor .

We also want to make you aware of several recent updates including:

Questions #56 and #62 on facts.realtor have been updated to provide additional clarity on when a written buyer agreement is required and what it means to be "working with a buyer."
There will be three webinars, available to members only, on learning.realtor about navigating the upcoming practice changes, scheduled for:
August 1 ^st 2pm-3pm CT
August 5 ^th 11am-12pm CT
August 15 ^th 3pm-4pm CT

Registration links will be available on facts.realtor .

Tips on Saving for a Down Payment on Your Home

Mon, 22 Jul 2024 16:18:22 GMT

Saving to buy a home can feel like a daunting task. REALTORS® understand the challenges and complexities of navigating the homebuying process. Here are some knowledge and strategies you need to create a realistic and achievable savings plan. We'll cover everything from setting goals and creating a budget to exploring additional income streams and maximizing your savings potential.

Savings Strategies for Baton Rouge Homebuyers

The first step is understanding your current financial situation. Gather your income statements, bank statements, and any existing debts. This will help you create an accurate budget and determine how much you can realistically save each month. We can guide you through this process and offer valuable insights to get a clear picture of your financial landscape.

A budget is your map to financial freedom. It allows you to track your income and expenses, identify areas where you can cut back, and allocate funds towards your down payment savings goal. Categorize your spending (housing, groceries, entertainment, etc.), and be honest about where your money goes. Consider using budgeting apps or creating a spreadsheet to track everything. Remember, a budget isn't meant to be restrictive – it's a tool to empower you and make informed financial decisions. Even minor adjustments can free up significant funds over time.

To ensure consistent savings and avoid the temptation to spend, you can automate your savings: set up automatic transfers from your checking account to a separate savings account. This "set it and forget it" approach eliminates the temptation to spend that money and ensures consistent savings.

Explore Additional Income Streams

Consider ways to increase your income. Look for freelance opportunities that align with your skills, start a side hustle, or explore monetizing a hobby. Even a part-time job can significantly boost your down payment savings.

Consider All Options

There might be down payment assistance programs available to you. These programs can offer financial aid to first-time homebuyers, depending on your income, location, and loan type. REALTORS® can help you navigate these programs and determine if they're a good fit for your situation. Researching these options early on can save you valuable time and money down the line.

Partner with a Local REALTOR®

Saving for a down payment is just one piece of the homebuying puzzle . Partnering with a local REALTOR® like us offers numerous benefits throughout your entire journey. We have in-depth knowledge of the local market, including property taxes, which can vary depending on location. This knowledge ensures you factor in all necessary expenses when creating your savings plan. Our expertise extends far beyond simply finding your dream home. Your REALTOR® can help you navigate the entire home-buying process, and we'll advocate for you during negotiations to ensure you secure the best possible price for your dream home.

Saving for a down payment is just one piece of the home-buying puzzle. A REALTOR’S® expertise extends beyond finding your dream home—we'll help you navigate the financial aspects, including negotiating the best price and ensuring your down payment is used effectively.

2024 Legislative Session Wrap-up

Thu, 18 Jul 2024 19:34:52 GMT

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.

Implement Practice Changes by August 17

Thu, 18 Jul 2024 14:05:13 GMT

Reminder from National Association of REALTORS®

Ahead of the August 17 implementation of NAR’s practice changes, we wanted to provide a few reminders of actions that are required to obtain a release of liability and protect your organization from claims related to broker commissions:

We recommend all MLSs implement practice changes by August 17. REALTOR® MLSs (those owned exclusively by one or more REALTOR® Member Boards) must implement the changes by this date to remain in compliance with NAR policy.
Offers of compensation are prohibited on MLSs. Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Offers of compensation help make homeownership and the benefits of professional representation more accessible to buyers, including first-time homebuyers, increase homeownership opportunities for historically underserved groups, and benefit sellers by expanding the potential buyer pool.
Agents working with a buyer must enter into a written agreement before touring a home. Ahead of August 17, NAR encourages all members to address form changes and prepare to educate real estate professionals and consumers about revised forms. NAR policy does not dictate terms of buyer agreements, but NAR has created resources to assist with implementation of the settlement terms—such as tips on clarity and emphasizing consumer choice—including our “Written Buyer Agreements 101” resource, available here .

The practice changes are detailed here , and clarifying information is available in our FAQ on facts.realtor .

We also want to make you aware of several recent updates to facts.realtor including:

Question #70 has been updated to provide additional clarity on what it means for compensation to be “objectively ascertainable and not open-ended” in written buyer agreements.
Our financing FAQs have been updated and added to our full FAQ (#92-98) (Please note: these questions are no longer a standalone document).
We’ve added a resource with tips on Broker-to-Broker agreements .
The latest legal updates on the settlement and DOJ engagement can be found in our video here .

A Few Questions to Ask Your Home Inspector

Mon, 15 Jul 2024 18:00:01 GMT

When it comes to buying a home one of the most important steps is the home inspection . The items discovered during this process can be the difference in you purchasing or passing on a property. It can also be the difference in saving or spending thousands of dollars. So when the time comes for your prospective home to be inspected, how can you be sure that you’re getting best inspection possible? Here are a few questions to ask.

“What are you going to check?”

Understanding what is going to be checked will give you a clear picture of what to pay attention, as well as what to expect.

“What aren’t you going to check?”

This is another important question that can help you avoid any surprises. It is also good information to have so that if you have any other concerns that won’t be addressed during the inspection, you can do your own due diligence to see to them.

“Can I join you during the inspection?”

The answer to this question should always be, “yes”. Having the opportunity to see the inner workings of your home’s different systems can be an invaluable experience. You can learn how things work and why things don’t work.

“Can I see a sample report?”

A sample report can provide great perspective into what takes place during a home inspection. You’ll be able to see how the inspector communicates, how problems are indicated, and more valuable info.

“Will you inspect any negotiated repairs?”

The point of the inspection is to help you understand the full picture of what you are about to purchase. Many repairs can be negotiated with the buyers. Having these repairs reinspected, ideally by the original inspector is a good idea. This will ensure that not only have all of the repairs been made, but they were done correctly.

These are just some basic questions that can provide you with good insight into the quality of the inspector and their inspection. Of course, relying on the expertise of your REALTOR® can go a long way when it comes to quality recommendations and actions before and after the inspection .

NAR D.C. Circuit Petition Update

Mon, 15 Jul 2024 15:48:54 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I am writing to share an update regarding our ongoing dispute with the Department of Justice (DOJ) regarding its ability to reopen a previously closed investigation into NAR’s policies.

This dispute with the DOJ is separate from and does not affect NAR’s March 15 Settlement Agreement related to private class action litigation that, if approved, would resolve nationwide litigation over claims from home sellers related to broker commissions.

Friday, July 12, 2024, we received word that the United States Court of Appeals for the D.C. Circuit has denied our petition for rehearing. This is a disappointing outcome, and we maintain that its decision in this matter stands in opposition to years of precedent on the interpretation of government contracts and the bedrock principle that the government must honor its word.

You may recall we reached an agreement in 2020 to end an investigation into certain NAR policies—including the cooperative compensation rule and clear cooperation policy—provided that NAR implement four key rule changes. NAR began implementing the terms of the agreement in good faith. Eight months later the DOJ resumed that same investigation, violating our agreement. We subsequently asked the D.C. District Court to prohibit the DOJ from pursuing its investigation. While the D.C. District Court ruled in our favor, DOJ appealed that decision, and it was subsequently reversed by the D.C. Circuit in a 2-1 split decision.

In NAR’s petition filed on May 20, 2024, we outlined the far-reaching implication the D.C. Circuit court’s ruling could have, as it directly conflicts with precedent on these types of contractual issues. Anyone who finds themselves in a negotiation with the government could be impacted.

We are currently evaluating all remaining legal pathways that are available to us. We are committed to continuing to forcefully advocate for the interests of our members, home buyers, and home sellers and exploring all opportunities to hold the DOJ to the terms of our 2020 agreement. We will keep you informed as NAR Leadership decides on next steps. At the same time, NAR continues to focus on its mission to promote the value of REALTORS® and access to homeownership.

It is important to underscore that this dispute focuses only on DOJ’s ability to unilaterally withdraw from its 2020 settlement agreement with NAR, it does not address any of the Department’s claims about NAR policies or antitrust topics.

As always, if you have any questions, please don’t hesitate to reach out.

Getting Your Credit in Shape to Get a Mortgage

Thu, 11 Jul 2024 18:31:12 GMT

Buying a home is one of the biggest financial commitments you will ever make. Getting a mortgage is a critical stage in this process, and getting a mortgage with favorable terms depends in large part on your credit score. Lenders use your credit score to determine your creditworthiness, which affects the interest rates and terms of the loans they offer. Preparing your credit before applying for a mortgage can save you hundreds of dollars over the course of the loan.

Understanding Credit Scores

Your credit score is a numerical representation of your creditworthiness, typically ranging from 300 to 850. The higher your score, the better your creditworthiness in the eyes of lenders. Credit scores are calculated based on several factors:

Payment History (35%): Your record of on-time payments.
Credit Utilization (30%): The amount of credit you're using compared to your credit limits.
Length of Credit History (15%): The average age of your credit accounts.
Credit Mix (10%): The variety of credit types you have, such as credit cards, loans, and mortgages.
New Credit (10%): The number of recent credit inquiries and newly opened accounts.

Steps to Improve Your Credit Score

Review Your Credit Reports

Equifax, Experian, and TransUnion are the three main credit bureaus. Start by acquiring your credit reports from each. Every bureau is required to provide you with a free report once a year at AnnualCreditReport.com. Carefully check these reports for mistakes, such as inaccurate account information or fraudulent activity, and raise any discrepancies that you find.

Make Payments On Time

Your credit score is mostly influenced by the payment history you have provided. It's important to always pay your payments on time. For peace of mind, set up automated payments or reminders so you never forget a deadline. Your credit score can be severely impacted by even one late payment.

Cut Down on Credit Usage

The ratio of your outstanding credit card balances to your credit limits is known as credit usage. To raise your score, try to keep your utilization below 30%. Reduce your balances or ask for an increase in your credit limit, if at all possible (but avoid piling on extra debt).

Don't Create New Credit Accounts

Opening new credit accounts to increase your available credit may seem appealing, but doing so will temporarily drop your score because of hard queries and a decline in the average age of existing accounts. Create new accounts only when it is absolutely required.

Keep Your Old Credit Accounts Open

Keep older accounts open even if you don't use them much since your credit history matters. Your credit score may suffer if you close old accounts because doing so can decrease your credit history and lower your total amount of available credit.

Mix Up Your Credit

A variety of credit kinds, such as retail accounts, installment loans, and credit cards, can all help raise your score. However, only take on additional credit types if you can responsibly manage the payments and it makes sense for your financial condition.

Reduce Debt Wisely

Prioritize paying off high-interest debt in order to save money on interest and expedite the reduction of your total debt. To speed up your debt repayment, think about applying the avalanche or snowball methods, which pay off high-interest debt first and smaller balances last, respectively.

Keep an Eye on Your Credit

Use credit monitoring services to keep an eye on your credit record and score. Frequent monitoring keeps you updated on any changes to your credit score and warns you of any unusual activity that might have an impact on it.

Timing Your Mortgage Application

Work on raising your credit score well in advance of when you intend to apply for a mortgage, as it takes time. Try to start half a year or more in advance. You have this window of time to make adjustments and observe how they improve your credit score.

It's crucial to improve your credit before applying for a mortgage in order to get the best potential loan conditions. You can raise your creditworthiness and chances of acceptance by being aware of the elements that affect your credit score and taking proactive measures to raise it. Your REALTOR® and your lender can also provide helpful ways to make sure that your credit is in a place to get you the most favorable terms for your mortgage.

Now Accepting: Board of Directors Applications

Mon, 01 Jul 2024 14:00:02 GMT

The Louisiana REALTORS® Board of Directors will elect six (6) LR At-Large Directors at its October 2nd meeting. Qualifications and an application for the position can be found below.

LR At-Large Directors

According to the Louisiana REALTORS® Constitution & Bylaws, any member who is a REALTOR ® in good standing for five (5) consecutive years is eligible to apply.

Once elected, Directors must complete at least one Louisiana REALTORS®-offered Board Orientation prior to attending their first meeting.

If you are interested in serving as a Louisiana REALTORS® Director At-Large, please complete the application form below on or before Friday, August 23, 2024.

Submissions are now closed

Six Benefits of Homeownership

Mon, 24 Jun 2024 18:00:02 GMT

For many people and families, becoming a homeowner is an important turning point in life as it comes with many advantages beyond simply having a place to live. Owning a home has several benefits, ranging from financial stability to emotional fulfillment.

Building Equity

The ability to accumulate equity over time is one of homeownership's most important benefits. In contrast to renting, which requires monthly payments to cover the landlord's costs, homeownership enables people to make improvements to their own homes. Homeowners build equity, which they can use to fund retirement or leverage for future financial needs when mortgage balances decline and property prices rise.

Stability and Security

For both individuals and families, owning a house offers security and stability as well as a sense of permanency and belonging. In contrast to renting, which can involve unpredictable increases in rental prices or lease expiration, homeownership provides more control and predictability over housing expenses. Because of their stability, homeowners are able to get deeply ingrained in the neighborhood, form bonds with other residents, and develop a feeling of community.

Tax Benefits

There are various tax benefits associated with homeownership that might result in financial savings. Homeowners' overall tax burden is decreased because mortgage interest and property tax payments are normally deductible on federal income tax returns. Tax credits or deductions may also be available for specific home-related costs, such as energy-efficient improvements and home office deductions.

Freedom to Customize

Owning a home gives you the ability to adapt living areas to your own tastes and requirements as a person. Homeowners are able to make alterations that express their individual style and tastes, from garden enhancements to interior remodeling. This degree of personalization enables homeowners to design rooms that reflect their interests and style, which promotes pride and contentment in owning a home.

Long-Term Financial Benefits

Although it involves a large initial outlay, being a homeowner can provide stability and long-term financial advantages. When the time comes to sell, homeowners may see large returns on their investment due to rising property values. Additionally, since monthly mortgage payments help build value over time, homeownership can act as a kind of forced savings.

Sense of Achievement and Pride

Being a homeowner is a major accomplishment and a symbol of accomplishment for many people. A long-held ambition can be realized via the meticulous planning, saving, and decision-making that go into buying a home. Having a home gives homeowners a sense of success and pride since it gives them a physical asset and a location to make enduring memories with their loved ones.

Beside only offering a place to live, owning a home has several advantages. Owning a home may have a good impact on many elements of life, from financial benefits to emotional fulfillment. It offers security, stability, and a sense of accomplishment. The first step to homeownership is finding an experienced REALTOR® to help you find the perfect place.

Kevin Sears’ Update from the Road in Chicago

Fri, 21 Jun 2024 22:49:44 GMT

Earlier this week President Kevin Sears visited NAR's Chicago headquarters. While there, Kevin recorded his latest On the Road video, where he addresses the new Board of Directors governance structure and shares positive updates on both NAR membership and the Veteran's Administration recent decisions around the VA loan product.

Watch Kevin's video here to also learn about additional member benefits, including the recently released Written Buyer Agreements 101; the Accredited Buyer's Representative (ABR®) designation course, offered at no cost through 2024; and an upcoming Broker Power Hour. Stay tuned for Kevin's next update.

Owning Versus Renting: Which is Better and Why?

Fri, 21 Jun 2024 16:15:00 GMT

When it comes to choosing where we live, there are a number of options. You can opt for the city, go out in the country, or choose somewhere in between. However, one of the biggest decisions you’ll have to make is whether to buy or rent. While renting has some benefits in terms of ease and access, there is a reason why homeownership is a big part of the American dream. Here are a few reasons why owning your home is better than renting it .

Owning a Home Costs Less than Renting Over Time

When you factor in the steady monthly note of your mortgage, the different tax advantages available to homeowners, and the consistent increase in the cost of rent; owning a home actually costs you less in the long run.

You Can Make Your Space Your Own

Owning your home gives you the opportunity to make any changes and renovations that you can imagine. Need extra space? Add on to your home. Need a more open floor plan? Take out that wall. Paint any color you’d like. Renting comes with very strict, if any, options for changing what currently exists. Even if you can make updates, you’ll be spending your money to improve someone else’s property.

Budgeting is Easier with a Fixed Rate Mortgage

When you rent you can be almost certain that each new lease will come with an increase in rent. However, when you buy your home with a fixed-rate mortgage your payment will remain the same for the life of the loan. Of course you can always pay more on a monthly basis further reducing the overall cost of home ownership.

Home Ownership Provides a Built-in Savings Account

Every month you pay your mortgage you are actually putting money into savings as an investment. As the balance of your mortgage decreases, the equity in your home increases with every payment. So while there may be no balance sheet, you are actually keeping more money for the future each month.

Owning a Home has Tax Advantages

When April rolls around and you’re doing your taxes, owning a home can make a big impact. The interest on your mortgage is tax deductible. For new homeowners this can be especially beneficial as a large part of each mortgage payment is the interest in the early years. Also, if you make energy-efficient improvements or other eligible upgrades, you can deduct them as well.

These are only a few of the things to keep in mind when you are deciding to purchase a home. The first decision you need to make is to entrust a REALTOR® to help you find your home .

How Can a REALTOR® Help with Homeownership

Wed, 19 Jun 2024 20:59:25 GMT

Being a homeowner is a major life milestone for many people, but without the proper assistance and advice, navigating the complicated homebuying process may be stressful. Here's where a REALTOR® comes into play, providing vital support at each step of the route.

Expertise and Knowledge

REALTORS® possess extensive knowledge of communities, property values, and market trends, making them experts in the local real estate industry. They can assist purchasers in determining appropriate properties, negotiating the best price, and comprehending the state of the market.

Access to Listings

Multiple listing services (MLS) provide comprehensive listings to REALTORS®, allowing purchasers to find a variety of properties that fit their needs. By focusing the search according to the buyer's needs and preferences, they can save time and effort.

Guidance and Advice

Every step of the process, from picking the ideal neighborhood to haggling over the purchase price, is crucial when purchasing a property. In order to help purchasers understand the intricacies of the real estate transaction and make wise decisions, REALTORS® offer invaluable counsel and advice .

Negotiation Skills

It takes expertise and experience to negotiate a property sale's terms and buying price. REALTORS® represent their clients' interests by negotiating on their behalf to get the best potential outcome. Their profound comprehension of market dynamics enables them to utilize their expertise in securing advantageous conditions for purchasers.

Professional Network

Lenders, inspectors , and lawyers are just a few of the many experts in the REALTOR® network that are vital to the homebuying process. In order to guarantee a smooth and easy transaction, they can put purchasers in touch with reliable professionals and work together with them.

Paperwork and Documentation

There is a lot of paperwork involved in buying a house, from mortgage applications to purchase agreements. REALTORS® manage all of the transaction's documentation, making sure that everything is finished precisely and on schedule.

Support Throughout the Process

Purchasing a house may be a very emotional journey with highs and lows. REALTORS® offer constant assistance and direction during the process, responding to queries, resolving issues, and providing comfort.

A REALTOR® is an essential resource for anyone wishing to become a homeowner because they offer knowledge, direction, and assistance all throughout the homebuying process. REALTORS® are dependable consultants that provide purchasers with confidence and peace of mind as they assist them in achieving their homeownership objectives, from navigating the real estate market to negotiating the purchase price. Collaborating with a REALTOR® can enhance the happiness and prosperity of your homebuying journey, regardless of your level of experience.

NAR Applauds VA Announcement of Home Loan Benefit Changes

Wed, 12 Jun 2024 17:18:37 GMT

NAR President Kevin Sears issued the following statement on Tuesday, June 11, 2024, in response to the Department of Veterans Affairs (VA) announcement of a "Buyer-Broker Agent Temporary Local Variance Circular":

"The VA's home loan guaranty is the only program that explicitly bans buyers from directly paying for professional real estate representation. We applaud the VA for revising this policy and allowing veterans and active-duty service members the same advantages as other buyers in a competitive real estate market.

"NAR launched an all-hands advocacy effort on this issue, including working with Congress and the relevant VA Committees, meeting with the VA, collaborating with industry partners, and holding hundreds of meetings on Capitol Hill during the Realtors® Legislative Meetings in May.

"We look forward to continuing this conversation, and our 1.5 million members stand ready to support the VA in whatever way possible to protect the brave men and women who serve this country and ensure they are given the equal opportunity to achieve the American Dream of homeownership."

Background

The VA announced a temporary policy allowing VA buyers to compensate their buyer broker directly while determining when a formal rulemaking process is necessary. NAR will continue to monitor and provide updates as they occur. The VA home loan guaranty program is a vital homeownership tool that provides veterans with a centralized, affordable, and accessible method of purchasing homes as a benefit they earned for their service to our nation. Under previous VA policies, veterans using the home loan benefit were prohibited from compensating their professional representative directly. This policy put VA buyers at a disadvantage in situations where offers of compensation are not offered from a seller, potentially forcing them to forego professional representation, choose a different loan product, or exit the market entirely.

To read more on NAR advocacy efforts around this, please revisit the letter sent to the Department of Veterans Affairs on March 27, 2024

Preparing for Practice Changes Episodes of 'Drive with NAR' Podcast

Mon, 10 Jun 2024 16:03:58 GMT

Now is a window of opportunity for REALTORS® to adjust the way we do business, educate our clients, and move forward with transactions before new practice changes take effect on August 17. This week, President Kevin Sears announced three new episodes of the "Drive With NAR" podcast that will help members do all that and more—they'll hear tips on answering buyers' questions on the settlement, how to adapt to change, and educating sellers on the options available to them when it comes to listing their homes.

The episodes are now live. You can visit magazine.realtor/drive or wherever you get your podcasts to listen.

Session Scoop: May 31, 2024

Fri, 31 May 2024 21:26:01 GMT

Bill Tracking Report as of 5/31/2024

Week 12 Report

This week’s report is short and sweet as any updates posted will be out of date by Monday, June 3 ^rd at 6:00 p.m., the deadline for the session to end.

We do want to announce a major REALTOR® win, though!

Governor Landry signed Senate Bill No. 506 to reign in the practice of using liens or mortgages to secure rights under real estate service agreements. This bill was filed at the request of Louisiana REALTORS®

Louisiana REALTORS® thanks Senator Rick Edmonds for authoring this important piece of legislation and Representative Troy Hebert for carrying the legislation on the House side.

Watch for a detailed Session Scoop next week!

Session Scoop: May 24, 2024

Fri, 24 May 2024 17:53:14 GMT

Bill Tracking Report as of 5/24/2024

Week 11 Report

The 2024 Regular Legislative Session is in the final stretch before adjourning sine die and things are looking good for real estate practitioners and property owners, buyers, and sellers.

A few highlights from Week 11 include:

Senate Bill No. 506 to reign in the practice of using liens or mortgages to secure rights under real estate service agreements is on the way to Governor Landry’s desk for signature.
House Bill No. 366 clarifying definitions in the Louisiana Real Estate Law and establishing a definition and requirements for buyer agreements was unanimously passed by the Senate and is on the way to the House for concurrence.
Senate Bill No. 113 was amended to eliminate the requirement that Louisiana Citizens' rates be at least 10% higher than private insurance companies in certain parishes and reduce the requirement to 5% in other parishes. If enacted as amended, these changes would be in place until December 31, 2027.

VA Signals Temporary Suspension on Buyer Agent Payment Ban

Wed, 22 May 2024 13:12:55 GMT

The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday, May 21, 2024, at a Mortgage Bankers Association conference in New York.

Although not an official announcement, the comments from VA Deputy Director of Policy Michelle Corridon were met with relief from the real estate industry, as the VA’s home loan guaranty is the only loan program with this explicit prohibition. Veteran buyers have limited options in situations where the seller makes no offer of compensation to the buyer’s agent, potentially leaving veterans without professional representation or forcing them to switch to less favorable loan products.

“NAR launched an all-hands advocacy effort on this issue, meeting with VA officials, engaging with lawmakers and rallying our industry partners to ensure this prohibition was lifted,” says Shannon McGahn, chief advocacy officer at the National Association of REALTORS®. “This is also a testament to the thousands of REALTORS® who came to Washington just a few weeks ago with a unified message. Without this change, thousands of veteran buyers could be denied access to professional representation in their pursuit of the American Dream of homeownership. Taking this extra step ensures veterans have the same opportunity as others to compete in a tight housing market. We applaud the VA for recognizing this danger and acting swiftly to protect veterans.”

NEW BENEFIT: Healthcare Member Benefit Program

Tue, 21 May 2024 17:21:41 GMT

Informational Webinar

Wednesday, May 29

2:30 p.m.

Program Partners

Louisiana REALTORS® members now have access to a Healthcare Member Benefits Program that utilizes a national PPO network and is available in all 50 states plus the District of Columbia and Puerto Rico. We are offering this Member Benefit Program through our partnership with the PL Group.

As a member of Louisiana REALTORS® you will have the opportunity to participate in the Member Benefits Program by becoming an Associate Member of Local 426, which provides access to among other items healthcare related benefits that include medical benefits as well as prescription benefits, life insurance, accident, and various educational programs.

Members can enroll the FIRST DAY of ANY MONTH with open enrollment

needing to be completed no later than 30 days in advance.

Note: To participate in the member benefit program, you must become an associate member of Amalgamated Local Union 426. You will not be contacted via phone or text for this benefit.

Highlights of Benefits to Associate Members

ACA compliant health benefits available (includes all 10 “essential benefits” in ACA guidelines)
Fully funded, 1 ^st dollar coverage
Coverage cannot be denied (no pre-existing limitations)
Large group rates
In-Network coverage in all 50 states, plus DC & Puerto Rico
No age rating – 4 tier rates (nationwide)
Concierge access and support
Deductible options range from $0 to $4,000.
50% to 100% coinsurance options
Multiple office-visit copay options
Access to large, national networks, with discounts for using in-network providers.
100% preventative benefit coverage available.
Doctor, Specialist and Urgent Care copays
X-ray and lab benefits

Voluntary Supplemental Benefits

Empire Accident Plan
Empire Specified Disease Plan
Empire Hospital Indemnity Plan
Anthem Voluntary Life Plan
Value Added Services

For additional information, and to take advantage of this new opportunity,

please contact a dedicated Program Member Benefit Representative:

Email: capcareenrollment@concordmgt.com

Phone: 833-287-4765

Informational Webinar

Wednesday, May 29

2:30 p.m.

New Petition Seeking Rehearing in DOJ Dispute

Tue, 21 May 2024 13:05:14 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I am writing to share an important update regarding our ongoing dispute with the Department of Justice (DOJ).

Please note that the following update is unrelated to the private class action litigation in which NAR is a defendant and NAR's recent Settlement Agreement that, if approved, would resolve nationwide litigation over claims from home sellers related to broker commissions.

On May 20, 2024, NAR petitioned the United States Court of Appeals for the D.C. Circuit for a rehearing, challenging its ruling that would allow DOJ to reopen a previously closed investigation into NAR's policies. You may recall we reached an agreement in 2020 to end an investigation into certain NAR policies-including the cooperative compensation rule and clear cooperation policy-provided that NAR modify four of its policies. NAR fully complied with that agreement.

Eight months later the DOJ resumed that same investigation, violating our agreement. We subsequently asked the DC District Court to prohibit the DOJ from pursuing its investigation. While the D.C. District Court ruled in our favor, DOJ appealed that decision, and it was subsequently reversed by the D.C. Circuit. This leads us to our challenge today.

It is important to underscore that this dispute focuses only on DOJ's ability to unilaterally withdraw from its settlement agreement with NAR, it does not address any of the Department's claims about NAR policies or antitrust topics. We believe this is a highly consequential government-contract-interpretation case and the impacts are far reaching. We are pursuing a rehearing as a step to continue to forcefully advocate for the interests of our members and underscore the flaws in the D.C. Circuit Court panel's split ruling.

REALTOR® Magazine has written up the petition where you can find additional information. I've also attached a copy of our petition to this post.

As always, if you have any questions, please don't hesitate to reach out.

The Crucial Role of Community Impact in Real Estate: Why REALTORS® Make a Difference

Sun, 19 May 2024 14:15:00 GMT

Making a good difference in the communities we serve is just as important as purchasing and selling properties in a fast-paced real estate market. To develop neighborhoods, promote growth, and improve the general well-being of locals, REALTORS® are essential.

REALTORS® have a special chance to help neighborhoods become more cohesive by matching purchasers with properties that fit their wants and lifestyles. They contribute to the development of thriving, diverse communities where people have a sense of belonging by assisting individuals and families in finding their ideal match.

The local economy is also impacted by real estate transactions, and REALTORS® can help by assisting small companies and fostering economic growth. Supporting local businesses by recommending stores, restaurants, and service providers can keep commercial districts vibrant and help entrepreneurs succeed.

To enhance the standard of living within a community, REALTORS® often take on the role of advocates for their clients , advocating for public amenities and services. They can also have an impact on public policy and improve essential community services by endorsing projects like improved parks and schools.

REALTORS® help to assist nonprofit groups, neighborhood gatherings, and projects that address local issues and advance social justice by giving their time, skills, and experience. Investments in community impact projects can boost demand in the market and property values. Actively resolving social concerns and improving neighborhoods can draw in clients, which in turn raises property values .

REALTORS® can shape neighborhood culture, promote area companies, push for public services, encourage social responsibility, and raise property values by giving community impact projects priority.

Session Scoop: May 17, 2024

Fri, 17 May 2024 21:09:38 GMT

Bill Tracking Report as of 5/17/2024

Week 10 Report

Making a Difference: Community Impact Opportunities for REALTORS®

Fri, 17 May 2024 14:25:39 GMT

The influence in the real estate industry goes well beyond just sales and purchases. REALTORS® have a special chance to make an impact on their communities by encouraging development, assisting small companies, and raising the standard of living for locals as a whole.

Volunteer Work

REALTORS® can make a significant contribution to their communities by volunteering. Real estate professionals can volunteer their time and skills to causes they are passionate about, whether it's by helping with community clean-ups, providing meals at a nearby shelter, or mentoring young people.

Community Events

When it comes to planning and funding community events that unite people, REALTORS® can be a key player. These activities, which range from organizing neighborhood block parties and charity fundraisers to supporting farmers' markets and cultural festivals, foster a sense of community and develop links within it.

Supporting Local Businesses

Local companies can be supported by REALTORS® through client and colleague promotion. Real estate agents can encourage customers to visit nearby stores, eateries, and service providers by emphasizing the distinctive products and services offered by small companies in the neighborhood. This promotes economic growth and vibrancy.

Advocacy and Education

REALTORS® can use their platform to promote causes close to home, such as affordable housing, environmental preservation, and education. REALTORS® can advocate for positive change and educate their clients by remaining up to date on local policies and activities.

Philanthropy and Charitable Giving

REALTORS® can assist nonprofits and philanthropic groups that tackle pressing issues in their areas. Real estate professionals may have a significant impact on issues they care about through fundraising, sponsorships, and financial contributions.

Community Development Projects

REALTORS® can work with developers, community organizations, and local government agencies to assist infrastructure and build environment improvement projects. This could include projects for urban redevelopment, parks, and recreational areas, as well as construction of cheap housing.

Environmental Stewardship

In their communities, REALTORS® can promote energy-efficient projects, conservation efforts, green building methods, and other environmentally friendly actions. Real estate agents can contribute to the development of communities that are healthier and more resilient by encouraging eco-friendly activities.

There are numerous ways for REALTORS® to positively influence their communities . Real estate professionals may have a significant impact on creating flourishing and vibrant communities through volunteer work, community activities, supporting small businesses, advocacy and education, philanthropy, community development initiatives, and environmental stewardship. Through embracing their stewardship of the community, REALTORS® have the power to bring about long-lasting change and leave a positive legacy for future generations.

The Importance of Hiring a REALTOR®: Understanding Who They ‘R’ and What They Do

Wed, 15 May 2024 16:28:56 GMT

Real estate transactions are likely the biggest and most significant financial decisions that you’ll make during your life. Whether you are buying your first home, selling a property, or you’ve been on both sides of the closing table, having a knowledgeable, professional resource on your side is critical. This is why hiring a REALTOR® is so important. Representing their clients and acting as a true fiduciary is what REALTORS® are trained to do, and it is all based on their Code of Ethics. While many people can pass a course in order to be eligible to sell real estate, the level of service that home buyers and sellers demand and deserve requires the commitment, experience, and expertise of an official REALTOR®, but what’s the difference?

The key difference in performance and ability that sets a REALTOR® apart is the NAR’s Code of Ethics. Every leading organization or group of professionals has a foundation that represents what they stand for. Without these foundations the legacy, integrity, advantage, competitive difference, and drive toward continued improvement is nearly impossible to have. For professional real estate agents, specifically REALTORS®, this foundation is the REALTOR® Code of Ethics.

The REALTOR® Code of Ethics provides the highest safety measures for protecting both buyers and sellers of real estate. Being bound by this code as a REALTOR® creates a distinct competitive advantage. The REALTOR® Code of Ethics features 17 articles containing detailed rules and standards of conduct. It is designed to ensure that REALTORS® will act accordingly in a number of scenarios and situations; protecting their clients with competency and integrity, and also protecting the esteemed reputation of the National Association of REALTORS®. The core of this code of ethics is to act in a way that protects all of the interests of whom a REALTOR® represents. The expectation is to use all available knowledge and experience and apply it to every transaction. Achieving the best possible results for a client is the focus of the REALTOR® Code of Ethics.

Beyond that guiding principle, the rest of the articles included in the Code are constructed to achieve the client’s goals. Overarching themes of honesty, cooperation, communication, and fairness are interwoven into the Code. The REALTOR® Code of Ethics is vitally important to real estate professionals, and especially to buyers and sellers of real estate as it provides the peace of mind that their best interests are at the root of every action.

Beyond the Code of Ethics comes the skill, talent, and expertise that REALTORS® possess and employ on behalf of their clients. These abilities, coupled with NAR’s strict Code of Ethics, means that you can have the peace of mind that your best interests and goals are at the forefront of every decision. While a REALTOR’S® fiduciary duty is the overarching benefit of your relationship, here are some more specific benefits of working with a REALTOR.

Contracts and Negotiations

Real estate transactions include complex and complicated legal processes. Having someone represent you that not only understands these processes, but that can inform, advise, and negotiate to ensure that your investment is as successful as possible.

Market Expertise and Consultation

If you’re shopping for a new house, your job is to know what you want. Your REALTOR’S® job is to know where to find it. If you’re selling your home, it is their job to get you the best price possible in a timely manner. Both sides of this transaction are improved when you have someone on your side that understands the market. There are a lot of other factors that go into the purchase or sale of home other than the number of bedrooms and total square feet. Being familiar with property tax regulations, school districts, nearby amenities, and many other elements all provide a much clearer picture for you as a client.

Real Estate Regulations

Staying current on changing real estate laws can be a full-time job in itself. If you are moving from state-to-state or simply across town, there can be a wide array of laws and regulations that you need to be aware of. This is your REALTOR’S® job. They are well-versed, and immersed in real estate regulations and will be aware of any and all pertinent information for your transaction.

This blog has been updated for accuracy and relevance from the original post.

Session Scoop: May 10, 2024

Mon, 13 May 2024 15:26:27 GMT

Bill Tracking Report as of 5/10/2024

Week 9 Report

Special Settlement Episodes of 'Drive with NAR' Podcast

Fri, 10 May 2024 12:00:00 GMT

Across the country, REALTORS® and the communities they serve are talking about the potential challenges and opportunities posed by the proposed settlement agreement. To help ease some uncertainty about what the settlement means for them, NAR is releasing three new episodes of "Drive With NAR" podcast , packed with tools and advice on how REALTORS® are navigating change.

They include facts about the settlement, and tools and advice for REALTORS® to use. Tune in to "Drive With NAR" at magazine.realtor/drive or wherever you get your podcasts.

Kevin Sears’ Update from the Road at REALTORS® Legislative Meetings

Wed, 08 May 2024 20:48:38 GMT

This week, President Kevin Sears is at the 2024 REALTORS® Legislative Meetings, bringing over 8,000 REALTORS® to Washington, D.C. to visit their members of Congress. Kevin's latest On the Road video, recorded at RLM, touches on news of the Culture Transformation Commission’s progress, and how NAR is working to serve your needs in a post-settlement environment.

Session Scoop: May 3, 2024

Mon, 06 May 2024 14:56:18 GMT

Bill Tracking Report as of 5/3/2024

Week 8 Report

Both the House and the Senate were cooking with gas during the eighth week of the 2024 Regular Legislative Session.

Read below for summaries of some of the bills Louisiana REALTORS® is supporting or monitoring on your behalf:

Constitutional Convention

HB No. 800, Representative Beau Beaullieu

Status: Heard on House floor, amended and returned to House Calendar

Position: Monitor

The bill crafting the framework for an upcoming limited Constitutional Convention was heard on the House floor, amended, and returned to the House Calendar to come up for debate and a House vote at a later date.

WIN FOR NOW: The House did amend the bill to state that the homestead exemption would NOT be brought up during the proposed constitutional convention. However, this amendment may or may not stay part of the bill throughout the process.

Property Insurance Bills

Bills to attract property insurance companies to Louisiana and to encourage property insurers with policies in the state to begin writing more policies have been passed by the Legislature and are now on the desk of Governor Landry.

The goal of these bills is to attract more property insurers to Louisiana. While the bills are not guaranteed to accomplish this goal, we know the status quo is unsustainable.

SB 295 by Senator Heather Cloud

Status: Sent to the Governor

Position: Support

Senate Bill No. 295 would change Louisiana from requiring "prior approval" of proposed insurance rates to a "file & use" system of approving insurance rates, thereby allowing insurers to begin using an actuarily sound market rate subject to receiving the approval of the Commissioner of Insurance within 30 days. This would apply to all lines of property and casualty insurance.

The idea of the bill is that it would allow insurers to manage their business better and have more flexibility to price their products.

House Bill No. 613, by Representative Gabe Firment, is a similar bill and it is pending Senate final passage.

SB 323 by Senator Kirk Talbot

Status: Sent to the Governor

Position: Support

This bill would establish and clarify the rights, duties, and timelines imposed on both the policyholder and insurer to ensure swift resolution of an insured’s claims, including offering insurance companies cure periods to make things right. It would retain the insured's ability to file a bad faith claim and receive damages. The law must allow policyholders to force the insurance company to pay what they owe after a storm, without needing to hire an attorney.

When an insurance company is intentionally underpaying, delaying payment, or otherwise hurting policyholders, they should be heavily penalized, but the claims process must be clear and fair for both the policyholder and the insurer.

HB 611 by Representative Gabe Firment

Status: Sent to the Governor

Position: Support

With a few exceptions, Louisiana’s 3-year rule essentially prohibits an insurer from canceling or non-renewing a property insurance policy if it is in place for three years. Louisiana is the only place on the planet with this type of law giving us a notorious reputation in the insurance industry worldwide.

This bill would sunset this rule so that it no longer applies to new policies going forward.

It would also allow insurance companies to non-renew up to 5% of their policies currently protected by the law, each year subject to a plan filed with and approved by the Department of Insurance. This would minimize the impact on the overall market, thereby allowing the relatively few policyholders who are nonrenewed time to find coverage with another insurance company.

SB 370 by Senator Adam Bass, is similar and is pending final House passage.

HB 120 by Representative Matthew Willard

Status: Sent to the Governor

Position: Support

Currently, the Louisiana Fortify Homes Program will sunset (end) on June 30, 2025.

This bill would remove the sunset date to allow the program to continue past this date.

It is important to note that the House passed the state budget with $15 million appropriated for this program. However, the budget is not through the process, so this funding is not certain.

Public Records Bills

SB 502, by Senator Blake Miquez

Status: Subject to call; pending Senate floor action

Position: Monitor

This bill would require a Louisiana citizen requesting a public record to provide sufficient information to establish his or her age and identification.

The bill was amended on the Senate floor to not apply to in-person or online access to records in the custody of the clerk of court. This bill is pending on the Senate floor calendar.

SB 423, by Senator Jay Morris

Status: Pending Senate floor action

Position: Monitor

This bill would require a public records request to only be from a Louisiana citizen.

It was amended by the Senate and Governmental Affairs Committee to not be construed to limit access to readily available public records, including, but not limited to, mortgage and conveyance records.

REALTOR® Related Legislation Summaries

SB 506 by Senator Rick Edmonds (The Senate Commerce Committee reported former SB 322 by a substitute and therefore a new bill number was assigned)

Status: Pending House Commerce

Position: Support

Louisiana REALTORS® requested this legislation be filed to curb the predatory practice of what is commonly called the “40-year listing agreement”.

The bill would do this by making it an unfair trade practice to secure a right in a “real estate service agreement” with a mortgage or other encumbrance on a home. Additionally, the bill would provide a simple mechanism for individuals to petition courts to remove these encumbrances from a property title.

The bill defines a “real estate service agreement” as a document executed by a homeowner granting a broker the right to list their home for sale at any time the owner or their heirs want to sell it in exchange for compensating the homeowner.

By signing these agreements, a homeowner -- usually unknowingly - grants a mortgage on their home to secure obligations in the agreement. And the only way to extinguish the mortgage is to pay the real estate broker holding it – whether the real estate broker listed the home for sale or not.

These are not listing agreements, rights of first refusals, or options but instead a hybrid mish-mash of things that keep property out of commerce and increase the costs of the home-buying transaction. And must be reined in.

The legislation is now headed to the House after passing unanimously by both the Senate Commerce Committee and Senate.

HB 366 by Representative Paula Davis

Status: Pending Senate Commerce, Consumer Protection and International Affairs

Position: Support

House Bill No. 959 pertains to a few matters that Louisiana REALTORS® identified as needing to be addressed over the past year or two.

For instance, Louisiana law often uses the term “real estate agent” which could be interpreted to not include a “real estate broker” due to the common practice of referring to “real estate salespersons” as “agents” and “real estate brokers” as “brokers”.

If interpreted this way, real estate brokers could be held liable for certain things real estate salespersons would not be held liable for, real estate salespersons could be eligible for certain work real estate brokers may not be eligible for, and real estate brokers could not be qualified to serve on certain local entities while real estate salesperson could.

To prevent this from happening, this bill would amend the definition of “agent” in the real estate law to say that both “agent” and “real estate agent” mean a licensee acting under the provisions of the Louisiana Real Estate License Law in a real estate transaction.”

The bill also would “clean up” a few issues with defined terms in the Louisiana Real Estate Licensing Law, such as amending the definition of “listing agent” to ensure it would only be read to mean someone licensed by LREC to engage in real estate transactions and not LREC licensed real estate education providers or continuing education vendors.

HB 959 by Representative Daryl Deshotel (became HB No. 972)

Status: HB No. 959 was reported by substitute; HB No. 972 is pending House floor action)

Position: Monitor

This bill would have “sunset” the existence of professional and occupational licenses by setting a date for them to expire unless “renewed” by the passage of future legislation. It would have included real estate licenses, real estate appraiser licenses, and all others except medical and law licenses. This concept is referred to as “sunsetting”.

However, a substitute bill was adopted in the House Commerce Committee that no longer applies to the real estate profession and instead only allows the Louisiana State Board of Medical Examiners to grant certain temporary permits and licenses.

SB No. 456 by Senator Thomas Pressley

Status: Pending Senate Commerce

Position: Monitor

Senate Bill No. 456, Senator Thomas Pressley, has a sunset provision similar to that of the original House Bill No. 959, but it is much more involved. It includes all professional and occupational licenses including those involving real estate just as House Bill No. 959 originally did.

When the sunset concept was first implemented for state departments, each entity appeared before its legislative oversight committee to discuss department activities. A bill would then be filed in the next legislative session to “renew” the department. While these hearings are no longer a common occurrence, a bill is still filed to “renew” departments each time one is set to “sunset”.

Louisiana REALTORS® has no reason to believe the process of “sunsetting” professional and occupational licenses would work any differently and therefore has a neutral position on the bill.

This reason was previously mistakenly reported with the status as pending the House Commerce Committee.

Details and Implementation Date for Practice Changes

Fri, 03 May 2024 17:23:43 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

Ahead of our upcoming REALTORS® Legislative Meetings in Washington, D.C., we wanted to share key details of the required practice changes under our Settlement Agreement. These practice changes result in revisions to the MLS policy handbook which are summarized below. The revised policies will go into effect on August 17, 2024 . A more detailed explanation of each practice change is available on facts.realtor .

Our settlement requires NAR to implement the practice changes no later than the date of class notice. Through the preliminary settlement approval process, we now know the earliest date of class notice is August 17, 2024. We are announcing these important changes now to ensure NAR members and MLSs have ample time to prepare.

MLSs that have opted into the settlement agreement have until September 16, 2024, to implement the necessary policy changes and to be considered released parties, as provided in the relevant appendices they executed. However, NAR’s accelerated rule change process gives MLSs three months to adapt. In accordance with mandatory NAR policy, REALTOR® MLSs must implement the practice changes by August 17, 2024. NAR recommends all opting-in MLSs implement the practice changes by this date.

Over the coming days, we will discuss these changes in more detail and look for your questions and feedback. In the interim, our FAQ has been updated to reflect the effective date and provide additional detail on implementation. We are committed to working together to navigate these adjustments and providing as much guidance to our members as possible. As further details emerge, additional materials will be shared and posted to facts.realtor .

Pursuant to the requirements of the proposed Settlement Agreement, the MLS policies and model MLS governing documents were reviewed and updated with the key changes below:

Eliminate and prohibit any requirement of offers of compensation in the MLS between listing brokers or sellers to buyer brokers or other buyer representatives.
Retain, and define, "cooperation” for MLS Participation.
Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any offers of compensation in the MLS to buyer brokers or other buyer representatives.
Require the MLS to eliminate all broker compensation fields and compensation information in the MLS.
Require the MLS to not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator’s website for such purpose) for Participants, Subscribers, or sellers to make offers of compensation to buyer brokers or other buyer representatives.
Prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers or other buyer representatives. Such use must result with the MLS terminating the Participant’s access to any MLS data and data feeds.
Reinforce that MLS Participants and Subscribers must not, and MLSs must not enable the ability to filter out or restrict MLS listings that are communicated to customers or clients based on the existence or level of compensation offered to the cooperating broker or the name of a brokerage or agent.
Require compensation disclosures to sellers, and prospective sellers and buyers.
Require MLS Participants working with a buyer to enter into a written agreement with the buyer prior to touring a property.

The policy changes were reviewed by the MLS Emerging Issues and Technology Advisory Board and adopted by the NAR Leadership Team and will be effective on August 17.

Settlement FAQ Update - Written Buyer Agreements

Mon, 29 Apr 2024 17:51:31 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

The Settlement FAQs have been updated to include additional information and clarity about written buyer agreements. As you know, as a part of our settlement, we have agreed to require MLS participants working with buyers to enter into written agreements with their buyers before touring a home.

These can be found on our resource hub on www.facts.realtor and are listed as questions 46 through 62 in our regularly updated FAQ page .

We will be releasing additional guidance about the timing of the practice changes required under the settlement in the coming days.

As a reminder, we received preliminary approval of the settlement on April 24, but it is still subject to final court approval. The final approval hearing is scheduled for November 26, 2024.

Session Scoop: April 26, 2024

Mon, 29 Apr 2024 14:52:01 GMT

Bill Tracking Report as of 4/26/2024

Week 7 Report

The seventh week of the session saw the House starting to hear Senate bills, the Senate starting hearing House bills. On Friday, April 26 ^th , the House sent the Senate the “money bills”, aka the state budget and state capital outlay program, before heading home for the weekend.

This will be a short work week for the House as they are not scheduled to go into session on Thursday or Friday; however, the Senate will likely start meeting more frequently as the money bills have made their way to them.

Read below for summaries of some of the bills Louisiana REALTORS® is supporting or monitoring on your behalf:

Constitutional Convention

HB No. 800, Representative Beau Beaullieu

Status: Pending House Appropriations

Position: Monitor

The bill crafting the framework for an upcoming limited Constitutional Convention was reported out of the House and Governmental Affairs Committee and recommitted to the House Committee on Appropriations pursuant to the House rules requiring bills with a fiscal note of a certain amount to be heard by this committee.

The homestead exemption as well as the constitutional prohibition on transfer taxes would be up for discussion in a Constitutional Convention.

Property Insurance Bills

The momentum continues to grow in the Louisiana Legislature’s push to move forward bills to make Louisiana's insurance laws more like those in other coastal states. The goal of these bills is to attract more property insurers to Louisiana. While the bills are not guaranteed to accomplish this goal, we know the status quo is unsustainable.

SB 295 by Senator Heather Cloud

Status: Pending Senate Concurrence

Position: Support

Senate Bill No. 295 would change Louisiana from requiring "prior approval" of proposed insurance rates to a "file & use" system of approving insurance rates, thereby allowing insurers to begin using an actuarily sound market rate subject to receiving the approval of the Commissioner of Insurance within 30 days. This would allow insurers to manage their business better and have more flexibility to price their products.

House Bill No. 613, by Representative Gabe Firment, is a similar bill and it is pending Senate final passage.

SB 323 by Senator Kirk Talbot

Status: Pending Senate Concurrence

Position: Support

HB 611 by Representative Gabe Firment

Status: Pending House Concurrence

Position: Support

This bill would sunset this rule so that it no longer applied to new policies going forward.

It would also allow insurance companies to non-renew up to 5% of their policies currently protected by the law, each year. This would minimize the impact on the overall market, thereby allowing the relatively few policyholders who are nonrenewed time to find coverage with another insurance company. The bill would also prohibit an insurer from charging a homeowners' policy deductible that exceeds 5% of a dwelling's replacement cost value unless the insured requests otherwise.

The House amendment to limit non-renewals in any one parish was removed by the Senate.

The House is scheduled to decide whether to concur in the Senate amendments on April 29, 2024.

Senate Bill No. 307, by Senator Adam Bass, is similar and is pending final House passage.

HB 120 by Representative Matthew Willard

Status: Passed by the Senate

Position: Support

Currently, the Louisiana Fortify Homes Program will sunset (end) on June 30, 2025.

This bill would remove the sunset date to allow the program to continue past this date.

It is important to note that the House passed the state budget with $15 million appropriated for this program. However, the budget is not through the process, so this funding is not certain.

Public Records Bills

SB No. 502, by Senator Blake Miquez

Status: Subject to call; pending Senate floor action

Position: Monitor

This bill would require a Louisiana citizen requesting a public record to provide sufficient information to establish his or her age and identification.

The bill was amended on the Senate floor to not apply to in-person or online access to records in the custody of the clerk of court. The bill has not made it off the Senate floor yet and will be heard again this week.

SB No. 423, by Senator Jay Morris

Status: Pending Senate floor action

Position: Monitor

This bill would require a public records request to only be from a Louisiana citizen.

REALTOR® Related Legislation Summaries

SB No. 506 by Senator Rick Edmonds (The Senate Commerce Committee reported former SB No. 322 by a substitute and therefore a new bill number was assigned)

Status: Pending House Commerce

Position: Support

Louisiana REALTORS® requested this legislation be filed to curb the predatory practice of what is commonly called the “40-year listing agreement”.

The legislation is now headed to the House after passing unanimously by both the Senate Commerce Committee and Senate.

HB No. 366 by Representative Paula Davis

Status: Pending Senate Commerce, Consumer Protection and International Affairs

Position: Support

House Bill No. 959 pertains to a few matters that Louisiana REALTORS® identified as needing to be addressed over the past year or two.

HB No. 959 by Representative Daryl Deshotel (became HB No. 972)

Status: HB No. 959 was reported by substitute; HB No. 972 is pending House floor action)

Position: Monitor

SB No. 456 by Senator Thomas Pressley

Status: Pending House Commerce

Position: Monitor

Louisiana REALTORS® has no reason to believe the process of “sunsetting” professional and occupational licenses would work any differently and therefore has a neutral position on the bill.

NAR President Kevin Sears: A New Road for NAR

Fri, 26 Apr 2024 16:35:50 GMT

From REALTOR® Magazine by Stacey Moncrieff

Don’t talk about business as usual to this group: NAR’s culture transformation commissioners and new leadership are helping to usher in big changes for the nation’s largest real estate organization.

When the National Association of REALTORS® named its Culture Transformation Commission—a group of more than 70 members; state and local association staff; and NAR staff selected through a collaborative process—the aim was to identify and break down impediments to being an inclusive, welcoming and respectful organization for all.

NAR’s Leadership Team announced the Commission in October 2023 as an essential step in putting the organization on a new path forward. NAR continued down that path the following month with the appointment of Interim CEO Nykia Wright and again in December with the appointment of Chief Marketing & Communications Officer Suzanne Bouhia. In February, Wright engaged Karyn Detje to lead NAR’s human resources transformation.

Along with the staff changes have come shifts in NAR leadership. Kevin Sears, a broker from Springfield, Mass., stepped into the presidency in January, making a commitment to help return the organization to stable ground, get back to the business of helping members succeed, and eliminate distractions from the job. Shortly after taking office, Sears announced that two former NAR presidents, Vince Malta and Sharon Millett, would fill vacancies in the 2024 NAR Leadership Team. Malta is a broker from San Francisco and was NAR’s 2020 president. Millett, a broker from Auburn, Maine, was NAR’s 1999 president.

“The real story [of NAR] is progress,” Wright said in a letter to members in February, calling out the CTC’s role. The group’s recommendations, she said, will shape the association’s progress into the future.

“We’ve reached out directly, and the overwhelming majority of our members have told us they trust in what we are doing to transform the organization,” Wright says. “We are not taking their trust lightly but are working every day to earn their continued confidence.”

Under the new staff and member leadership, NAR is communicating more deliberately, sharpening its focus on the core mission of serving its members, and moving toward becoming a nimble organization.

Four Areas of Focus

Part of that comes with the delivery of the CTC’s recommendations, some of which are expected in the fall, according to Ryan Davis, NAR’s vice president of diversity, equity and inclusion.

“This is a ripe opportunity for change,” says Davis, who serves as co-lead on the project. “While some of the work will likely spill over into 2025, we expect to see formal recommendations in November [at NAR NXT(link is external), Nov. 8–10, Boston].”

Under the leadership of its tri-chairs, the CTC has completed two of four phases of its work—information and data gathering and aligning on priorities. In the information-gathering phase, commissioners heard from thousands of association members and staff via interviews, focus groups, open forums and informal conversations. In the second phase, they aligned the findings into four common themes and identified opportunities for culture transformation within each theme.

Theme 1: Mission and Values

Opportunities: Clearly define our real estate–driven mission; appreciate and understand the work that NAR staffers, members, and state and local association staff perform; set expectations around how members and staff treat one another; and embed change throughout NAR.

Theme 2: Leadership

Opportunities: Set clear expectations and standards for those who lead across NAR—members, state and local association staff, and NAR staff. Review the entire leadership process—from the selection, training and evaluation of senior staff to the election, appointment and training and expectations of member leaders.

Theme 3: Governance

Opportunities: Rethink the association’s governance structure, its focus, and how it operates to enable members and staff to do their best work.

Theme 4: Compliance

Opportunities: Provide a safe space for all and promote accountability.

To guide the next two phases of the work—developing implementation plans and final review, adoption and implementation—the group recently engaged McKinley Advisors, a firm with deep roots and expertise in association management and transformation.

Working in parallel with the CTC, a Policies and Procedures Task Force is creating recommendations to improve NAR’s policies, procedures, trainings and systems to prevent inappropriate member behavior, encourage reporting of alleged misconduct, and promote an environment of transparency and accountability.

“Culture change takes time,” says Detje, who has led staff transformations within large organizations and is co-leading the project with Davis, “but I see an incredible commitment among the members and staff to make it happen. One thing I’ve found really remarkable is that, despite having been through an incredibly challenging 18 months, people are passionate about this organization and the work they do.”

The commission continues to welcome feedback from members and association staff. Want to share your ideas on transforming the culture of NAR and the REALTOR® organization? Email culture@nar.realtor .

NAR President Kevin Sears’ Update from the Road at Broker Summit

Tue, 23 Apr 2024 15:19:00 GMT

Last week, NAR President Kevin Sears checked in from the NAR Broker Summit, where he learned new tools to strengthen his business alongside several hundred fellow brokers. Next stop, Washington, DC for the REALTORS® Legislative Meetings, where we’ll show Congress our grassroots strength in action.

We encourage you to watch Kevin’s video here to learn more about what NAR is advocating for this year at RLM. As always, the overarching theme is increasing access to homeownership. This video is also in the video section of our website. Stay tuned for Kevin’s next update.

Motion Filed for Preliminary Approval of Settlement Agreement

Mon, 22 Apr 2024 15:01:39 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I’m writing to provide an update regarding the proposed settlement agreement we announced on March 15, 2024, to end litigation of claims brought on behalf of home sellers related to broker commissions.

As expected, Plaintiffs’ counsel filed Saturday, April 20, a Motion for Preliminary Approval of this agreement with the federal court in the Western District of Missouri. Importantly, this filing initiates the 60-day time period during which all REALTOR® MLSs, brokerages with 2022 total transaction volume for residential home sales in excess of $2 billion, and non-REALTOR® MLSs who want to be covered by the settlement must take action. The deadline for these actions is June 18, 2024.

REALTOR® MLSs: In order to be released under the settlement agreement, all MLSs wholly owned by REALTOR® associations must agree to and execute Appendix B - REALTOR® MLS “Opt In” Agreement and return it to the email addresses realtorsoptin@jndla.com , realtorsoptin@cohenmilstein.com , and nargovernance@nar.realtor within 60 days.

Brokerages with 2022 total transaction volume for residential home sales in excess of $2 billion: In order to be released under the settlement, eligible brokerages must agree to and execute Appendix C – Brokerage “Opt In” Agreement and return it — along with the required documentation and indication noted in paragraph 20 of Appendix C — to the email addresses realtorsoptin@jndla.com , realtorsoptin@cohenmilstein.com , and nargovernance@nar.realtor within 60 days.

Non-REALTOR® MLSs: In order to be released under the settlement, MLSs not wholly owned by REALTOR® associations must agree to and execute Appendix D – Non-REALTOR® MLS “Opt In” Agreement and return it — along with the required indication noted in paragraph 20 of Appendix D — to the email addresses realtorsoptin@jndla.com , realtorsoptin@cohenmilstein.com , and nargovernance@nar.realtor within 60 days.

For questions about completing an opt-in agreement, please contact Mike Rohde at mrohde@nar.realtor .

For access to the full settlement agreement , which includes the relevant appendices, please visit facts.realtor . We will also make fillable versions of these appendices available on facts.realtor in the coming days. On facts.realtor , you will continue to find the latest FAQs and settlement resources.

We expect that the Court will rule on the motion for preliminary approval soon. The practice changes set forth in the settlement agreement are slated to take effect in late July of this year, and class notice will take place no earlier than August 17, 2024. The settlement is subject to final Court approval, and we expect a motion for final approval of the settlement to be filed at the end of this year. For a more comprehensive view of what’s ahead, please see an estimated timeline here . Below this email, I have also included a handful of FAQs specific to this filing.

We will continue to keep you informed as the settlement process progresses and the time for implementation of the practice changes approaches.

Session Scoop: April 19, 2024

Fri, 19 Apr 2024 17:53:38 GMT

Bill Tracking Report as of 4/19/2024

Week 6 Report

There was a lot of action at the Capitol this week as the 2024 Legislative Session races towards its April 22nd halfway mark.

The halfway mark is the time the House starts hearing Senate bills, the Senate starts hearing House bills, and the “money bills”, aka the state budget and state capital outlay program, begin wrapping up public testimony before heading to the House floor. Legislators are expecting many late nights over the next few weeks as they work through the important issues facing Louisiana and race towards the June 3rd finish line.

Read below for an update on just a few of the high-profile matters Louisiana REALTORS® watching as well as an in-depth summary of a few pieces of legislation of specific interest to REALTORS®.

High Profile Legislation Louisiana REALTORS® is Keeping An Eye On

A package of bills to encourage a more competitive Louisiana property insurance market continued to successfully make their way through the legislative process
Legislation to streamline the Louisiana Department of Economic Development (LED) so it can respond at the speed of business is set for Senate floor debate
Many of Governor Landry’s key public records measures moved out of committee for debate by the Senate
Critical legislation to address rampant legal system abuse moved forward
The framework for an upcoming limited Constitutional Convention had its committee debut

REALTOR® Related Legislation Summaries

SB No. 322 by Senator Rick Edmonds

Status: Pending Senate floor action

Position: Support

Louisiana REALTORS® requested this legislation be filed to curb the predatory practice of what is commonly called the “40-year listing agreement”.

HB No. 366 by Representative Paula Davis

Status: Pending Senate Commerce, Consumer Protection and International Affairs

Position: Support

House Bill No. 959 pertains to a few matters that Louisiana REALTORS® identified as needing to be addressed over the past year or two.

HB No. 959 by Representative Daryl Deshotel

Status: Scheduled to be heard in House Commerce, Monday, April 19, 2024

Position: Monitor

This bill would “sunset” the existence of professional and occupational licenses by setting a date for them to expire unless “renewed” by the passage of future legislation. This concept is referred to as “sunsetting”.

Louisiana REALTORS® has no reason to believe the process of “sunsetting” professional and occupational licenses would work any differently and therefore has a neutral position on the bill.

Fannie Mae and Freddie Mac Clarify Seller-Paid Financing Rules

Thu, 18 Apr 2024 15:22:10 GMT

A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy

Earlier this week, both Fannie Mae and Freddie Mac published explicit confirmations that buyers whose agent is compensated by the seller will continue to have access to financing through those institutions. Furthermore, so long as it remains "customary" for the seller to pay commissions, those will not be added to the interest party contributions (IPC) and subject to the caps on IPCs.

Interpretation of this rule under the proposed settlement was of great concern, and NAR wrote to Fannie Mae, Freddie Mac, and the FHA seeking confirmation of our interpretation. In a letter to NAR, FHA confirmed that this interpretation does hold.

NAR will continue to press for access to affordable financing options and keep you up to date on any changes.

To view the post on The Hub on NAR's website, please click here .

Why the Fair Housing Act is So Important

Wed, 17 Apr 2024 14:45:00 GMT

Protecting people from discrimination in housing-related transactions, the Fair Housing Act is a pillar of civil rights legislation in the United States. The Fair Housing Act was enacted in 1968 as a component of the Civil Rights Act and forbids discrimination in the sale, rental, and financing of housing on the grounds of race, color, religion, sex, national origin, handicap, and familial status. Since REALTORS® are essential in enabling housing access for all people, regardless of background or attributes, they view adherence to the FHA as both a legal and moral responsibility.

The Fair Housing Act's significance in advancing equal opportunity and battling systemic discrimination in the housing market is among the main reasons it is crucial for REALTORS®. The Fair Housing Administration (FHA) works to guarantee that every person has an equal opportunity to obtain housing based on their qualifications and preferences, rather than circumstances beyond their control, by outlawing discriminatory practices like redlining, guiding, and refusing to negotiate.

Furthermore, upholding the FHA is essential to preserving the credibility and honor of the real estate industry. REALTORS® that adhere to fair housing standards show their dedication to moral behavior and professionalism, which builds clientele and community confidence. REALTORS® support the inclusivity and diversity ideals that are essential to the spirit of the Fair Housing Act by treating all clients and customers with respect, decency, and equity.

Moreover, for real estate professionals, adhering to the FHA is not only a business advantage but also a legal requirement. REALTORS® may reach new markets, grow their clientele, and become more competitive in a multicultural and diverse society by adopting fair housing ideals and offering inclusive services to a varied clientele. REALTORS® who support fair housing policies are better positioned to prosper in a market that is changing quickly in today's connected world.

Since it encourages inclusivity in the housing market, fair opportunity, and adherence to moral principles, the Fair Housing Act is crucial for real estate agents. Real estate professionals can respect their legal responsibilities, improve their professional standing, and help create a society that is more inclusive and equitable by upholding the fair housing principles. REALTORS® are essential to achieving the objectives of the Fair Housing Act and making sure that everyone has access to safe, reasonably priced, and discrimination-free housing options since they are the stewards of the housing market.

Unanimous Supreme Court Rules for Property Rights in Takings Clause Case

Mon, 15 Apr 2024 14:45:27 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

We have good news to share on this Friday evening. A unanimous Supreme Court issued a ruling Friday championed by NAR that says the government can't demand hefty development fees from property owners as a condition for building permits.

The case centered around the Takings Clause of the Fifth Amendment to the Constitution, which prohibits the taking of private property without just compensation.

In their ruling, the Justices unanimously said there is no legislative exemption to the takings clause. In other words, local governments cannot pass legislation overriding it.

In the case-- Sheetz v. County of El Dorado, California --a California landowner filed suit after the county government passed a law that effectively forced him to pay more than $23,000 for a "traffic impact fee" study as a condition to obtain a permit to place a manufactured home on his property.

NAR filed an Amicus brief in November of 2023 along with the American Property Owners Alliance, the REALTORS® Land Institute, and the California Association of REALTORS®, stating, "This case offers a chance to curb the government's ability to extort property for permits by subjecting all exactions-both legislative and executive-to constitutional scrutiny."

Justice Amy Coney Barrett wrote, "Nothing in constitutional text, history, or precedent supports exempting legislatures from ordinary takings rules."

This is an important case, and our involvement is a testament to NAR's multi-front advocacy as America's premier private property rights champion. We will continue to go the distance whenever and wherever private property rights are threatened through legal and legislative advocacy efforts.

Please see the NAR Advocacy's Washington Report from last year that also links to our amicus brief and please let us know if you have any questions.

2024 Spring Into Action Conference Recap

Mon, 15 Apr 2024 14:03:34 GMT

Louisiana REALTORS® successfully hosted their annual Spring Into Action Legislative Conference in Baton Rouge on April 8-10, 2024.

The three-day event provided REALTORS® the latest in industry changing issues while engaging in conversations with the state’s legislators and their peers. The conference kicked off with a pre-conference design course At Home with Diversity with instructor Matthew Rathbun. That evening, the LARPAC fundraising event took attendees around downtown Baton Rouge with a Poker Run Pub Crawl.

The next day, REALTOR® Day, began with a breakfast expo with tabletop one-on-one discussions with partners in the real estate industry. Attendees then had the option of attending a commercial industry session with Josh Cadillac or using technology in real estate with Matthew Rathbun. After a luncheon full of legislative updates from Louisiana REALTORS®, Dave Wasserman of The Cook Political Report and surprise appearance by Attorney General, Liz Murrill, attendees either headed to the Capitol for the first session of bill review or learned about overriding bias in the industry with Leigh York.

After a successful visit to the Capitol, our REALTORS® enjoyed live music and crawfish at a reception with their Legislators and peers. During this reception, REALTOR® of the Year Award was presented. Congratulations to Mark Ouchley on receiving the REALTOR® of the Year Award.

Other conference highlights included a reception for our YPN members, local leadership meetings, governance meetings and a Women's Council of REALTORS® luncheon.

On Wednesday, David Favret was elected as the 2025 Secretary/Treasurer by the LR Board of Directors. Additionally, the following were elected to their 2025 positions by means of acclamation: Ginger Maulden, President-Elect; Chris Brock, Region I RVP; Reid Smith, Region II RVP; Scott McCubbin, Region III RVP; Sabrina Pierre, Region IV RVP; Bill Boyd, NAR Small Board; Misty Ingersoll, NAR Medium Board; Tony Cornner and Carole Horn, NAR State Allocated Specialty Directors.

Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Fall Governance Meetings and Installation, October 1-2, 2024.

Take a peek of a quick recap on the day in the video and photos below.

What do you Risk When You Sell Without a REALTOR®?

Fri, 12 Apr 2024 17:00:01 GMT

There are a lot of examples of things we risk when we omit a particular resource. Brush but don’t floss? You could be scolded by your dentist. Going on a run without stretching? You could get a cramp. Selling your home without a REALTOR® ? This can create all sorts of different risks that can cause your property to be misperceived and potentially undervalued. Here are three things you’re risking if you decide to sell your home without the knowledge and skills of a trusted REALTOR®.

You Risk Your Time Scheduling Showings and Hosting Open Houses

Time is of the essence when it comes to selling a home. The longer your home stays on the market, the more difficult it can be to sell and sell at an appropriate price. Also, the amount of time and flexibility required to prepare and show the home to prospective buyers is immense. If you forgo the services of a REALTOR® you’ll need to make yourself available at a moment’s notice to meet with buyers, organize an open house, and also see to any inspections or repairs. This is in addition to your normal daily obligations and schedule. There is also the time it takes to market your home so that people know it is for sale and then manage the resulting appointments.

You Risk the Best Possible Deal Without a REALTOR’S® Negotiation Skills

Once a potential buyer is found it will all come down to price. Taking too firm of a stance could cost you the sale, and not being firm enough could cost you thousands of dollars. This part of the process also includes a lot of different technicalities. What extra costs are you covering? Is the purchase agreement accurate? This can be a delicate and detailed process. REALTORS® have the experience and expertise to make sure you are well-represented and receive the best deal possible .

You Risk the Opportunity to Benefit from Total Transaction Management

Buying and selling a home is likely the largest transaction that most people make in their lives. It’s safe to say that there are a number of complicated moving parts. Understanding the protocol of each stage of the transaction and knowing how to respond accordingly is essential to the success of selling your home. Inspections , financing, appraisals, communication, closing, and so many other processes are a lot to handle, and more importantly, handle well. Again, a REALTOR® is trained and licensed to handle these demands.

Session Scoop: April 12, 2024

Fri, 12 Apr 2024 16:56:27 GMT

Bill Tracking Report as of 4/12/2024

Week 5 Report

Real Estate Insiders Unfiltered Podcast featuring NAR President Kevin Sears

Mon, 08 Apr 2024 17:07:44 GMT

NAR President Kevin Sears joined the Real Estate Insiders Unfiltered podcast answering questions about the future of NAR and the recently announced settlement agreement.

The podcast can be viewed here .

NAR President Kevin Sears’ Update from the Road in Wyoming

Mon, 08 Apr 2024 16:53:04 GMT

Last week NAR President Kevin Sears checked in from Wyoming, where he met with REALTORS® from six western states at the Region 11 Conference. Kevin’s attended many member town halls across the country to answer questions about the settlement; keep up with the latest at facts.realtor .

You can watch Kevin’s video here to learn about a valuable member service we’re offering at no additional cost, as well as how members can engage with NAR committees. This video is also in the video section of our website. Stay tuned for Kevin’s next update.

ADDITIONAL RESOURCES

Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course, typically $295, available to REALTORS® at no cost. Take the first step toward earning your ABR® designation at become.abr.realtor .

NAR members can continue to access the latest information about the settlement on facts.realtor .

NAR will also continue to provide updates about the settlement process for non-members – such as clients and consumers – on competition.realtor .

Visit ThatsWhoWeR.realtor to view the consumer campaign ads, and to leverage turnkey advertising and social assets to share. The campaign demonstrates the expertise of REALTORS® helping their clients navigate the risks, pitfalls, and complexities of buying or selling a home or property, reinforcing their expertise, commitment and consumer-first approach.

3 Things to Know About the Fair Housing Act

Mon, 08 Apr 2024 16:43:24 GMT

Enacted in 1968 as a component of the Civil Rights Act, the Fair Housing Act is a significant legislative measure that aims to promote equal opportunity in housing-related transactions and combat housing discrimination. The following are three essential facts regarding the Fair Housing Act:

Prohibitions on Discrimination

The Federal Housing Administration (FHA) forbids discrimination based on seven protected characteristics (race, color, religion, sex, national origin, handicap, and familial status) in purchasing, leasing, and financing housing. Thus, landlords, sellers, lenders, and real estate brokers are forbidden to refuse to rent or sell a property, to impose different terms or conditions, or to give misleading information on the availability of a property based on these protected features.

Enforcement and Remedies

State and local fair housing agencies and the U.S. Department of Housing and Urban Development (HUD) are responsible for enforcing the Fair Housing Act . If someone thinks they have been the victim of housing discrimination, they can submit a complaint to HUD or their local fair housing agency within a year of the claimed discriminatory act. Punitive measures against the offender, injunctive relief, and monetary damages are possible remedies for FHA violations.

Exceptions and Exemptions

Although the FHA offers extensive safeguards against discrimination in housing, specific exemptions and exceptions exist to the legislation. Certain FHA regulations may not apply to, among other things, owner-occupied structures with four or fewer units, single-family houses sold or rented without a broker, and religious organizations. Furthermore, the law permits certain exemptions for housing specially allocated for senior citizens (55 years of age and above) and housing that satisfies specified requirements for those with impairments.

The Fair Housing Act promotes fair and equitable access to housing opportunities for everyone and is a fundamental protection against housing discrimination. By being aware of Fair Housing Act regulations, people can better defend their rights and promote fair housing policies in their communities. The Fair Housing Act continues to be a vital component of our endeavors to create more just and equitable societies as we work toward more inclusion and justice in housing.

D.C. Circuit Court of Appeals Decision

Sat, 06 Apr 2024 21:13:03 GMT

Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

We recognize that some of you have raised questions about NAR’s recent settlement agreement and what effect, if any, it will have on commercial transactions.

I want to clarify that the proposed settlement agreement—like the Sitzer-Burnett lawsuit and the copycat lawsuits—is focused on residential real estate transactions. That means most commercial transactions will not be affected.

Below I have included a handful of clarifying points that can be used with commercial practitioners in your associations. I’ve also included the top Q&A on this subject to help you respond to questions.

As always, you can find additional information about NAR’s commercial program at commercial.realtor . For additional information about the settlement agreement, please visit facts.realtor .

Talking Points

The proposed settlement agreement—like the Sitzer-Burnett lawsuit and the copycat lawsuits—is focused on residential real estate transactions. That means most commercial transactions will not be affected.
In many markets, commercial listings appear in commercial information exchanges (CIEs) and not multiple listing services (MLSs), and do not include an offer of compensation.
The settlement prohibits offers of compensation on an MLS and requires MLS participants working with buyers to enter into written agreements with their buyers. These practice changes will go into effect around late July.
For properties listed on an MLS, offers of compensation continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals—as is the case for most commercial transactions.
In addition, sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs, tenant improvement allowances, etc.) provided that such concessions are not conditioned on the use of or payment to a buyer broker.
For all transactions, the types of compensation available for buyer/tenant brokers continues to take multiple forms, depending on broker-consumer negotiations.
For all real estate professionals, compensation would continue to be negotiable and should always be negotiated between agents and the consumers they serve.

Q&A

1. Are REALTORS® who deal in commercial real estate covered under the terms of the agreement?

The settlement does not distinguish between REALTORS® who deal in commercial real estate from those who work in residential real estate.

If you are an NAR member, you are covered by the settlement unless:

You are an employee of: At World Properties, LLC; Compass, Inc.; Douglas Elliman, Inc.; Douglas Elliman Realty, LLC; eXp Realty, LLC; eXp World Holdings, Inc.; Hanna Holdings, Inc.; HomeSmart International, LLC; Howard Hanna Real Estate Services; Keller Williams Realty, Inc.; Real Broker, LLC; The Real Brokerage, Inc.; Realogy Holdings Corp.; Realty ONE Group, Inc.; Redfin Corporation; RE/MAX, LLC; United Real Estate; or Weichert, Realtors® OR
You are an independent contractor or employee associated with HomeServices of America or one of its affiliates.

2. What do these practice changes mean for commercial practitioners?

The proposed settlement agreement—like the Sitzer-Burnett lawsuit and the copycat lawsuits—is focused on residential real estate transactions. That means most commercial transactions will not be affected.

In many markets, commercial listings appear in commercial information exchanges (CIEs) and not multiple listing services (MLSs), and do not include an offer of compensation.

The settlement prohibits offers of compensation on the MLS and requires MLS participants working with buyers to enter into written agreements with their buyers. These practice changes will go into effect around late July.

NAR Settlement – Commercial Transactions

Fri, 05 Apr 2024 20:51:00 GMT

Update from NAR on the Settlement's Effects on Commercial Transactions

We recognize that some of you have raised questions about NAR’s recent settlement agreement and what effect, if any, it will have on commercial transactions.

As always, you can find additional information about NAR’s commercial program at commercial.realtor . For additional information about the settlement agreement, please visit facts.realtor .

Talking Points

The proposed settlement agreement—like the Sitzer-Burnett lawsuit and the copycat lawsuits—is focused on residential real estate transactions. That means most commercial transactions will not be affected.
In many markets, commercial listings appear in commercial information exchanges (CIEs) and not multiple listing services (MLSs), and do not include an offer of compensation.
The settlement prohibits offers of compensation on an MLS and requires MLS participants working with buyers to enter into written agreements with their buyers. These practice changes will go into effect around late July.
For properties listed on an MLS, offers of compensation continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals—as is the case for most commercial transactions.
In addition, sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs, tenant improvement allowances, etc.) provided that such concessions are not conditioned on the use of or payment to a buyer broker.
For all transactions, the types of compensation available for buyer/tenant brokers continues to take multiple forms, depending on broker-consumer negotiations.
For all real estate professionals, compensation would continue to be negotiable and should always be negotiated between agents and the consumers they serve.

Q&A

1. Are REALTORS® who deal in commercial real estate covered under the terms of the agreement?

The settlement does not distinguish between REALTORS® who deal in commercial real estate from those who work in residential real estate.

If you are an NAR member, you are covered by the settlement unless:

You are an employee of: At World Properties, LLC; Compass, Inc.; Douglas Elliman, Inc.; Douglas Elliman Realty, LLC; eXp Realty, LLC; eXp World Holdings, Inc.; Hanna Holdings, Inc.; HomeSmart International, LLC; Howard Hanna Real Estate Services; Keller Williams Realty, Inc.; Real Broker, LLC; The Real Brokerage, Inc.; Realogy Holdings Corp.; Realty ONE Group, Inc.; Redfin Corporation; RE/MAX, LLC; United Real Estate; or Weichert, Realtors® OR
You are an independent contractor or employee associated with HomeServices of America or one of its affiliates.

2. What do these practice changes mean for commercial practitioners?

In many markets, commercial listings appear in commercial information exchanges (CIEs) and not multiple listing services (MLSs), and do not include an offer of compensation.

Session Scoop: April 5, 2024

Fri, 05 Apr 2024 16:54:03 GMT

Bill Tracking Report as of 4/5/2024

Week 4 Report

Session Scoop: March 29, 2024

Mon, 01 Apr 2024 14:29:27 GMT

Bill Tracking Report as of 3/29/2024

Week 3 Report

Real Estate Licensing

HB 155, by Representative Thomas

Status: Pending Senate Commerce, Consumer Protection and International Affairs

Position: Support

This bill would clarify that a salesperson or broker who fails to renew their license by January 1st does not have to complete the pre-licensing or post-licensing education hours required of a first-time applicant to return their license status to active status. It also would clarify that a broker who fails to renew their license by January 1st could renew their broker license without having to spend five years requalifying as a salesperson.

Property Rights

SB 308, by Senator Heather Cloud

Status: Pending Senate Judiciary A Committee

Position: Support

SB 308 would address issues with unauthorized squatters who occupy private property. The bill aims to quickly restore possession of such property to the lawful owner. The bill would allow a property owner to institute an executory proceeding to remove a squatter or trespasser from private property by submitting an authentic act evidencing ownership or title to the property.

Property Management

HB 407, by Representative Stagni

Status: Notice given subject to call - House final passage

Position: Support

House Bill Number 407 by Representative Joe Stagni would create “The Louisiana Support and Service Animal Integrity Act”. If passed, it would prohibit healthcare providers from producing documentation relating to an individual's need for a support animal unless they satisfy certain requirements. It would also prohibit the misrepresentations of service dogs and require written notices for individuals and businesses that sell support animals. Additionally, it would limit liability for owners and lessors for damages caused by a service dog or support animal.

Property Insurance Bills

The momentum continues to grow in the Louisiana Legislature’s push to move forward bills that would make Louisiana's insurance laws more like those in other coastal states. The goal of these bills is to attract more property insurers to Louisiana. While the bills are not guaranteed to accomplish this goal, we know the status quo is unsustainable.

HB 428, by Representative Delisha Boyd

Status: Pending House Insurance Committee

Position: Support

This bill would allow a Louisiana Citizens’ policyholder to request to limit or exclude coverage of personal or movable property on their policy. It further would require Citizens to calculate an appropriate reduction in the premium and return the reduction to the policyholder if either of these options was exercised.

SB 295 by Senator Heather Cloud and HB 613 by Representative Gabe Firment

Status: Pending House Referral/Pending Senate Introduction

Position: Support

SB 295 passed the Senate and is now off to be heard in the House and HB 613 passed the House and is now off to be heard in the Senate.

These bills would change Louisiana from requiring "prior approval" of proposed insurance rates to a "file & use" system of approving insurance rates, thereby allowing insurers to begin using an actuarily sound market rate subject to receiving the approval of the Commissioner of Insurance within 30 days. This would allow insurers to manage their business better and have more flexibility to price their products.

SB 323 by Senator Kirk Talbot

Status: Pending House Referral

Position: Support

SB 323 passed the Senate and is now off to be heard in the House.

SB 370 by Senator Adam Bass and HB 611 by Representative Gabe Firment

Status: Pending House Referral/Pending Senate Introduction

Position: Support

SB 370 passed the Senate and is now off to be heard in the House and HB 611 passed the House and is now off to be heard in the Senate.

These bills would sunset this rule so that it no longer applies to new policies going forward.

Amendments were added to HB 611 that do the following:

1. Prohibit an insurer from charging a homeowners' policy deductible that exceeds 5% of a dwelling's replacement cost value, unless the insured requests otherwise.

2. Limit non-renewals to no more than 5% of the insurer's policies in any one parish.

NAR President Kevin Sears on Real Estate Today Podcast

Sat, 30 Mar 2024 21:29:55 GMT

Earlier this week, NAR President Kevin Sears sat down with NAR’s Real Estate Today podcast to discuss the settlement agreement and what it means for NAR, our members, and the industry.

NAR and MBA Urge GSEs and Regulators to Confirm Buyer Financing Rules

Fri, 29 Mar 2024 21:21:10 GMT

A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy

NAR along with the Mortgage Bankers Association sent a letter to the Federal Housing Finance Agency, Federal Housing Authority, Fannie Mae, and Freddie Mac seeking confirmation that homebuyers will continue to have access to mortgage credit after the proposed settlement is complete. Specifically, NAR and MBA asked the regulators and GSEs to confirm that the custom of excluding seller's payment of commissions for buyer's agents will continue to be excluded from the limits on Interested Party Contributions. This confirmation is a critical piece of the post-settlement puzzle.

This letter continues NAR's efforts to engage the GSEs and regulators to provide near-term clarity to the market and members. This effort is one of several focused on supporting mortgage finance for buyers in the post-settlement environment.

The Truth About the NAR Settlement Agreement

Thu, 28 Mar 2024 21:12:04 GMT

Misinformation has been pervasive in the media over real estate commissions. Here are the facts you should know.

Reprinted from REALTOR® magazine

The national conversation around real estate commissions reached a crescendo since the National Association of REALTORS® announced a settlement agreement that would resolve litigation brought on behalf of home sellers related to broker commissions. Brokers and agents have their own questions about what comes next for their businesses, while at the same time trying to answer consumer inquiries. And many headlines aren’t separating fact from fiction, feeding misinformation to you and your clients.

Let’s clear the air: There’s no doubt the litigation—including copycat lawsuits that were filed after the Sitzer-Burnett verdict—caused considerable uncertainty in an industry already dealing with the effects of low inventory and interest rate increases. The settlement, which must be approved by a judge, provides a path forward for real estate professionals, REALTOR® associations, brokerages, MLSs and other industry stakeholders. Most importantly, it gives NAR members the chance to refocus on their core mission to support buyers and sellers.

Facts First

There’s much the media has gotten wrong about NAR’s settlement, which would require the association to pay $418 million over four years. Some outlets have suggested that NAR previously set or guided commissions to a standard rate of 6%. Even President Joe Biden, in recent comments, misspoke in suggesting that the settlement makes commissions negotiable for the first time.

You know that is false. NAR does not set commissions, and commissions were negotiable long before this settlement. They are and will remain entirely negotiable between brokers and their clients. And housing prices are dictated by market forces beyond members’ control.

Getting the facts right is important, especially because the settlement agreement is complex. NAR is continuing to engage with media to correct inaccurate reporting about the settlement. Members are also encouraged to refer to official NAR sources, like facts.realtor , for the most accurate and up-to-date information about the settlement and what it means for consumers.

The settlement achieves two important goals: protecting members to the greatest extent possible and preserving consumer choice. The proposed settlement:

Resolves claims against NAR and nearly every member; all state, territorial and local REALTOR® associations; all association-owned MLSs; and all brokerages with an NAR member as principal whose residential transaction volume in 2022 was $2 billion or below.
Preserves cooperative compensation as an option for consumers looking to buy or sell a home—as long as such offers of compensation occur off of the MLS.

NAR fought for a release that covered all industry players, but large settlements reached by other corporate defendants shaped the negotiations. Throughout the settlement process, NAR also engaged with a diverse range of members to consider their perspectives and interests.

“Ultimately, continuing to litigate would have hurt members and their small businesses,” NAR Interim CEO Nykia Wright said in a statement. “While there could be no perfect outcome, this agreement is the best outcome we could achieve in the circumstances. It provides a path forward for our industry, which makes up nearly one-fifth of the American economy, and NAR. For over a century, NAR has protected and advanced the right to real property ownership in this country, and we remain focused on delivering on that core mission.”

How To Know If You’re Covered

Nearly every member is covered by the release NAR negotiated in the settlement. The members not covered are those affiliated with HomeServices of America, the last co-defendant in the Sitzer-Burnett litigation, and the employees of the co-defendants in the Gibson and Umpa cases.

If you are affiliated with any of the following brokerage groups and are an independent contractor licensee, you are covered by the proposed settlement, even if your brokerage may not be covered:

At World Properties LLC
Compass Inc.
Douglas Elliman Inc.
Douglas Elliman Realty LLC
eXp Realty LLC
eXp World Holdings Inc.
Hanna Holdings Inc.
HomeSmart International LLC
Howard Hanna Real Estate Services
Real Broker LLC
The Real Brokerage Inc.
Realty ONE Group Inc.
Redfin Corporation
United Real Estate
Weichert, REALTORS®

All other REALTORS® who are members of NAR on the date of class notice are covered by the release. The date of class notice is anticipated to be in mid-July.

Members on the date of class notice and state/territorial and local REALTOR® associations must abide by the practice changes set forth in the agreement, but they do not need to take any other action in order to benefit from the negotiated release.

The release does not cover brokerage firms with residential transaction volume above $2 billion in 2022, despite NAR’s effort to include them. For those companies, the settlement provides an avenue to pursue inclusion in the release but does not obligate them to do so.

Changing Business Practices

The settlement agreement also mandates two key changes to the way members and MLS participants do business.

NAR agreed to create a new MLS rule prohibiting offers of compensation on the MLS. This would mean that offers of compensation could not be communicated via an MLS, but they could continue to be an option consumers could pursue off-MLS through negotiation and consultation with real estate professionals.
NAR also agreed to create a new rule requiring MLS participants working with buyers to enter into written agreements with their buyers before the buyer tours a home. NAR has long encouraged its members to use written agreements to help consumers understand exactly what services and value they provide, and for how much.

NAR continues to deny any wrongdoing and maintains that cooperative compensation is in the best interest of consumers. NAR members can use these changes as an opportunity to explain their clients’ options. Both changes would go into effect in mid-July under the terms of the proposed settlement.

NAR considered a range of legal options throughout the litigation process, including reaching a settlement or continuing to appeal the Sitzer-Burnett verdict and litigate the related copycat cases. The latter could have forced the association to file for Chapter 11 bankruptcy protection, leaving members, associations, MLSs and brokerages exposed.

Resources for Members

NAR is committed to supporting members through these changes. Members can get the facts about the settlement at facts.realtor , which is regularly updated with new information and resources, including FAQs.

For those who want to prepare for the new MLS rule requiring buyer representation agreements, consider taking the Accredited Buyer’s Representative (ABR®) designation course(link is external) , which NAR is offering to members at no cost through the end of the year.

“NAR exists to serve our members and American consumers, and while the settlement comes at a significant cost, we believe the benefits it will provide to our industry are worth that cost,” NAR President Kevin Sears said in a statement. “NAR is focused firmly on the future and on leading this industry forward. We are committed to innovation and defining the next steps that will allow us to continue providing unmatched value to members and American consumers.

“This will be a time of adjustment, but the fundamentals remain: Buyers and sellers will continue to have many choices when deciding to buy or sell a home, and NAR members will continue to use their skill, care and diligence to protect the interests of their clients.”

IRA Contribution Limits: What You Should Know

Mon, 25 Mar 2024 14:30:01 GMT

From your Member Benefit - LaCapitol Federal Credit Union

As the holidays end, Americans begin gearing up for tax season. This time of the year is essentially the eleventh hour to double check your finances so that everything will be in order for your 2024 tax filing. 1 Individual retirement accounts, IRAs, 2 should be included in that preparation. You’ll want to ensure that you’ve maxed out your contribution, consider catchup contributions if you haven’t, and align your finances to take advantage of the new adjusted IRA contribution limits for next year. Consult your tax professional to see what specific tax advantages apply to your situation.

What are Individual Retirement Accounts?

IRAs are savings accounts that let you save money for retirement and earn interest on it but offer some tax advantages that other savings accounts don’t. La Cap offers several IRA products that fall into the two categories: traditional IRAs and Roth IRAs. You can also view our current rates .

La Cap IRA products (available as Roth and Traditional) include:

• Certificate Accounts 3

• Floating Rate Account 4

• Bonus IRA Account 2

The most basic difference between the two is that with traditional IRAs, the money you save isn’t taxed until you withdraw it while Roth IRA contributions are funded with post-tax money, but qualified withdrawals are tax-free. Because these savings accounts have tax implications for account holders, they’re bound by annual IRA contribution limits that change each year as well as income and age guidelines.

2023 IRA Contribution Limits for Tax Season 2024

It is important to realize that even though you can have more than one IRA account — both a traditional IRA and a Roth IRA, for example — contribution limits are assigned to each individual. The annual contribution limit is an overall figure that applies to the total of all of your IRA accounts together, not each one.

For 2023, the contribution limit is $6,500 for individuals under 50. For individuals 50 or older, the contribution limit is $7,500. The limit for older individuals is $1,000 higher because it allows people who are closer to retirement to make catchup contributions that they probably couldn’t afford when they were younger. Catchup contributions can also help build a cushion against steadily rising living costs.

If you’re thinking that you don’t have time to come up with funds for a catchup contribution, the good news is that you have until Tax Day, April 15, 2024, to make a deposit that can count toward your 2023 IRA. Determining exactly how much you can contribute versus how much you might want to contribute depends on your income and the type of IRA. So, how much can you put in an IRA?

How Income Affects IRA Contribution Limits for 2023

For traditional IRAs, you’re allowed to contribute the full amount up to the contribution limit regardless of your income. However, Roth IRAs control how much you can save by tracking contribution limits with your modified adjusted gross income , also referred to as MAGI .

If you file as single, head of household or married filing separately, as long as your MAGI is less than $138,000, you can contribute the full amount. However, if your MAGI is $138,000 or more and less than $153,000, your contribution limit is reduced. If your MAGI is $153,000 or more, no contribution is allowed.
If you file as married filing jointly or as a widow/widower, as long as your MAGI is less than $218,000, you can contribute the full amount. However, if your MAGI is $218,000 or more and less than $228,000, your contribution limit is reduced. If your MAGI is $228,000 or more, no contribution is allowed.
If you file as married filing separately and lived with your spouse at any time during the year, as long as your MAGI is less than $10,000, you can contribute, but the limit will be reduced. If your MAGI is $10,000 or more, no contribution is allowed.

As a general rule, you cannot contribute more to an IRA than you earn or, if you’re married, your spouse’s earnings will cover.

How Tax Deductions Affect IRA Contribution Limits

While your earnings don’t affect whether you can contribute to a traditional IRA, your MAGI does affect whether you’ll be able to deduct the contributions you make to a traditional IRA from your taxes. Note that only traditional IRAs are eligible for deductions. Roth IRAs are not.

Deduction qualification tables for traditional IRAs assume that you, or your spouse, are covered by a retirement plan through your employer. If you aren’t, the tax deduction limits don’t apply, and you can deduct your entire contribution.

If you file as single or head of household, as long as your MAGI is $73,000 or less, you’re eligible for the full deduction. If your MAGI is more than $73,000 and less than $83,000, you’re eligible for a partial deduction. If your MAGI is $83,000 or more, you’re ineligible for a deduction.
If you file as married filing jointly and you are covered by your employer’s retirement plan, as long as your MAGI is $116,00 or less, you’re eligible for the full deduction. If your MAGI is more than $116,000 and less than $136,000, you’re eligible for a partial deduction. If your MAGI is $136,000 or more, you’re ineligible for a deduction.
If you file as married filing jointly and your spouse is covered by their employer’s retirement plan, as long as your MAGI is $218,000 or less, you’re eligible for the full deduction. If your MAGI is more than $218,000 and less than $228,000, you’re eligible for a partial deduction. If your MAGI is more than $228,000, you’re ineligible for a deduction.
If you file as married filing separately, as long as your MAGI is less than $10,000, you’re eligible for the full deduction. If your MAGI is $10,000 or more, you’re ineligible for a deduction.

IRA Contribution Limit Increases for 2024 and the 2025 Tax Season

Each year, the Internal Revenue Service adjusts limits for IRA contributions, typically raising both the contribution limits and the MAGI guidelines. For 2024, the IRS is raising the annual contribution limits by $500. If you’re under 50, you’ll be able to save up to $7,000, and if you’ll be 50 or older, you’ll be able to save up to $8,000.

Note that the IRS also updates and raises the MAGI thresholds for both Roth IRA contributions and traditional IRA tax deductions. For example, in 2024, all figures increase.

If you file your taxes as single or head of household, your MAGI must be less than $146,000 to make a full contribution to a Roth IRA. That’s $8,000 more than 2023’s figure.
If you file your taxes as married filing jointly, your MAGI must be less than $230,000 to make a full contribution to a Roth IRA. That’s $12,000 more than 2023’s figure.
If you file your taxes as single or head of household, your MAGI must be $77,000 or less to get the full tax deduction on a traditional IRA. That’s $4,000 more than 2023’s figure.
If you file your taxes as married filing jointly, your MAGI must be $123,000 or less to claim the full tax deduction on a traditional IRA. That’s $7,000 more than 2023’s figure.

The end of the year and start of the new year are busy seasons, but devoting time and attention to your savings now promises the gift of future financial security and independence. If you want to know more about investing in a Roth or traditional IRA, call our Member Services Line at 800.522.2748 or 225.342.5055 to be directed to our savings and investment officers. We offer competitive interest rates that can help you invest wisely. Check out our website , and see why being a member of a nonprofit credit union like La Capitol makes finding the best IRA account so much easier.

Disclosures

1 Consult your tax professional to see what specific tax advantages apply to your situation.

2 APY = Annual Percentage Yield. Bonus IRA is a term share account. La Cap may change the dividend rate for your account as determined by the credit union Board of Directors. The APY is available on new contributions made to your account this year. The maturity date is December 31 of the year the contribution was made. No minimum balance is required to open a Bonus IRA account or to obtain the disclosed APY. IRA transfers or rollovers from another financial institution or retirement plan do not qualify for this special Bonus IRA rate. Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.

3 APY = Annual Percentage Yield. IRA Certificate Account is a term share account. The Annual Percentage Yield is fixed at the time you make the initial deposit to open or renew the account, and will not change during the term of the Certificate.

Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.

4 APY = Annual Percentage Yield. IRA Floating Rate Account is a variable rate account with no maturity. No minimum deposit is required to open this account or to obtain the disclosed Annual Percentage Yield. La Cap may change the dividend rate for your account as determined by the credit union Board of Directors.

Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.

Session Scoop: March 22, 2024

Sat, 23 Mar 2024 03:56:45 GMT

Bill Tracking Report as of 3/22/2024

Week 2 Report

Real Estate Licensing

HB 155, by Representative Thomas

Status: Pending Senate referral

Position: Support

Clarifies that a salesperson or broker who fails to renew their license by January 1 ^st does not have to complete the pre-licensing or post-licensing education hours required of a first-time applicant to return their license status to active status. It also clarifies that a broker who fails to renew their license by January 1st can renew their broker license without having to spend five years requalifying as a salesperson.

Property Insurance Bills

This week, the House and Senate Insurance Committees moved forward bills that would make Louisiana's insurance laws more like those in other coastal states. The goal of these bills is to attract more property insurers to Louisiana. While the bills are not guaranteed to accomplish this goal, we know the status quo is unsustainable.

SB 295 by Senator Heather Cloud and HB 613 by Representative Gabe Firment

Status: Pending Senate/House Floor Action

Position: Support

SB 323 by Senator Kirk Talbot

Status: Pending Senate Floor Action

Position: Support

SB 370 by Senator Adam Bass and HB 611 by Representative Gabe Firment

Status: Pending Senate/House Floor Action

Position: Support

These bills would allow insurers to slowly remove policies held under this law and provide that any policies written after August 1st would not be subject to the 3-year rule. It would also allow insurance companies to non-renew up to 5% of their property policies currently protected by the law annually subject to certain conditions.

HB 611 does differ from SB 370 in that it prohibits an insurer from charging a homeowners' policy deductible exceeding 5% of a dwelling's replacement cost value unless the insured requests otherwise.

HB 120, by Representative Willard

Status: Pending House Floor Action

Status: Support

The Louisiana Fortify Homes Program is scheduled to expire on June 30, 2025. This bill would remove the expiration date and allow the program to continue. It is important to note that even if the program is not allowed to expire, it will still need to be funded for future years.

Lawsuit Reform

HB 336, by Representative Chenevert

Litigation financing is when a third party provides money to a party or lawyer involved in a civil lawsuit to pay expenses related to pursuing the claim – court fees, experts, etc. However, litigation lenders are not bound to the same ethical rules as attorneys, so there is little stopping funders from interfering like pressuring clients to settle – or not.

This bill requires a plaintiff's attorney to disclose third-party litigation financing to the defendant and the court. The bills also prohibit the third-party financier from being involved in decisions related to the strategy and settlement of the case.

Buyer Financing and Commission Financing After the Settlement

Fri, 22 Mar 2024 17:55:04 GMT

A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy

The recently announced settlement raised several questions regarding access to mortgages and the ability to finance agent commissions. In short, under the settlement, buyers still have the same options when it comes to compensating their representative. That is, the listing brokers can compensate the buyer broker, the seller can compensate the buyer broker, or the buyer can compensate their broker directly. Based on conversations with contacts at agencies, we believe buyers should still be able to get financing from Fannie Mae, Freddie Mac, and the FHA under these scenarios. However, none of these agencies will allow the buyer to finance a commission into the mortgage at this time. The VA has not addressed whether it will change its requirement prohibiting VA buyers from paying the commission. NAR will continue to work with our partners in the lending community to gain greater clarity on guidance from the agencies and to maintain the steady flow of funding for closing home purchases.

Will buyers still be able to obtain a mortgage after the settlement?

Yes, based on our interpretation of the regulations, buyers should still be able to get financing from Fannie Mae, Freddie Mac, and the FHA if the listing broker compensates the buyer's broker or if the seller pays the buyer's broker directly. However, none of these agencies will allow the buyer to finance a commission into the mortgage at this time. NAR is working to get clear verification on this point.

Based on information in the guides that Fannie Mae, Freddie Mac and the FHA provide to lenders, nothing has changed the ability of buyers to get a mortgage through them. Each of these agencies specifies limits on how much a seller or broker can contribute to the buyer to pay for services typically paid by the buyer. These payments to the buyer are called interested party contributions (IPCs). The agencies exclude fees "traditionally" or "customarily" paid by the seller from the IPCs. These IPCs may vary from 3% or up, so adding a commission could take up room otherwise used for closing cost or rate buydown concessions. Thus, despite being a seller concession on the sale contract, a seller paid commission is not included in the IPC. This interpretation is not expected to change when this settlement is complete.

However, if sellers paying the buyer agent's commission ceases to be the norm in the future, regulators will need to change the definition of IPCs to exclude seller-paid commissions or raise the IPC limit.

See Fannie Mae's selling guide, Part B3-4.1-02, Interested Party Contributions and Part B3-4.1-03, Types of Interested Party Contributions (IPCs). Also, see pp. 420 of the Fannie Mae Selling Guide : "Typical fees and/or closing costs paid by a seller in accordance with local custom, known as common and customary fees or costs, are not subject to Fannie Mae IPC limits."

See FHA's discussion of IPCs and exclusion of seller paid real estate commissions here .

Can real estate commissions be financed?

Financing commissions is not feasible under the current structure of the residential mortgage finance system, and there is no clear short-term legislative or regulatory fix. NAR is working to get clear confirmation on this point.

Banks would treat such a loan as a personal loan that would have higher rates and they would limit access to those loans to borrowers with better credit profiles. Furthermore, that personal loan would add to the buyers' liabilities and make it harder to qualify for the mortgage they are seeking.
Fannie Mae, Freddie Mac, and FHA do not allow commissions to be added to the balance of the mortgage. Simply put, investors will only lend against the asset they can take back and sell in a foreclosure. An investor would not be able to take back and sell the commission for a service like real estate brokerage.
Finally, there are significant limits to adding commissions to the mortgage rate. Several rules that make up the foundation of mortgage finance would need to be changed by the regulators and Congress. Those rules took years to develop, implement, and refine, and changing them could take years, potentially a decade or more.

Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road

Thu, 21 Mar 2024 18:19:19 GMT

Video Update from NAR President Kevin Sears

NAR President Kevin Sears filmed a video to discuss the key considerations and terms of the settlement agreement recently announced to resolve home seller litigation. He also highlights the work the NAR advocacy team is continuing to progress on behalf of our members and the consumers they serve.

ADDITIONAL RESOURCES

NAR members can continue to access the latest information about the settlement on facts.realtor .

NAR will also continue to provide updates about the settlement process as it unfolds on competition.realto r.

Visit ThatsWhoWeR.realtor to view the new consumer campaign ads, and to leverage turnkey advertising and social assets to share. The campaign demonstrates the expertise of REALTORS® helping their clients navigate the risks, pitfalls, and complexities of buying or selling a home or property, reinforcing their expertise, commitment and consumer-first approach.

Session Scoop: 2024 Bill Tracking Report

Fri, 15 Mar 2024 19:10:31 GMT

Bill Tracking Report as of 3/14/2024

Your Louisiana REALTORS® Bill Review Team met Wednesday, March 13 ^th to determine the positions LR is taking on over 200 pieces of legislation.

Two complete versions of the Louisiana REALTORS® Bill Report are available below. One report has the bills in numerical order, and the other report sorts bills by Louisiana REALTORS® positions on the bills. Updated bill reports and a summary of the week’s events will be posted on the Louisiana REALTORS® website each Friday.

The first week of the 2024 Legislative Session was generally slow, but things will pick up next week when bills aimed to improve the property insurance market will be heard in committees.

These bills are of particular interest to members because in the 2023 Louisiana REALTORS® Getting to Home study , you made it clear your number one Louisiana REALTORS® advocacy goal is improving our property insurance market.

Therefore, Louisiana REALTORS® is supporting several bills that have been filed to provide Louisiana Department of Insurance Commissioner Tim Temple the necessary tools to bring insurers back to Louisiana, and to retain all the tools necessary to protect consumers from 'bad actors'.

These bills would bring bold changes to Louisiana’s insurance market and end the days of our state being the outlier in many areas. Change is never easy, but Louisiana cannot expect different results if it is to maintain the status quo.

A few of these measures include the following:

1. Approval of Rates: HB 613 by Representative Gabe Firment and SB 295 by Heather Cloud

These bills would change Louisiana from requiring "prior approval" of proposed insurance rates to a "file & use" system of approving insurance rates, thereby allowing insurers to begin using an actuarily sound market rate subject to receiving the approval of the Commissioner of Insurance within 30 days. This would allow insurers to better manage their business and have more flexibility to price their products.

2. Good Faith Claims Process: HB 678 by Representative Gabe Firment and SB 323 by Senator Kirk Talbot

These bills would establish and clarify the rights, duties, and timelines imposed on both the policyholder and insurer to ensure swift resolution of an insured’s claims, including offering insurance companies cure periods. SB 232 would retain an insured's ability to file a bad faith claim and receive the same court-awarded damages and attorney fees they could obtain under current law. HB 678 would adopt Texas's prompt payment of claims framework, including its provisions on cure periods, penalties/interest and attorney’s fees.

3. 3-year Rule Modifications: SB 370 by Senator Adam Bass and HB 611 by Representative Gabe Firment

With a few exceptions, Louisiana’s 3-year rule essentially marries an insurer to an insured if the property insurance is in place for three years. Louisiana is the only place on the planet with this type of law giving us a notorious reputation in the insurance industry worldwide.

If adopted, both bills would allow insurers to slowly remove policies held under this law and provide that any policies written after August 1st would not be subject to the 3-year rule. There is talk of amendments being proposed to the bills to limit the number of existing policies that could be reduced in any given parish and any given zip code.

NAR Reaches Agreement to Resolve Home Seller Class Action Lawsuits

Fri, 15 Mar 2024 15:53:41 GMT

Notice to Membership from NAR President Kevin Sears

Fellow members,

The Sitzer-Burnett verdict and the copycat cases filed across the country have raised questions about the way real estate professionals do their jobs and how consumers can hire and compensate us.

Since the litigation began, we have worked consistently to reach a resolution with the plaintiffs. In the months since the Sitzer-Burnett verdict, we redoubled those efforts.

We have always wanted to reduce the significant strain on our members and provide a path forward for the industry. That’s why today we announced a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The settlement is subject to court approval.

The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned Multiple Listing Services (MLSs), and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.

Throughout the settlement process, we engaged with a diverse range of members and considered their perspectives and interests while fighting to protect all industry players as best we could.

From the beginning of this litigation, we had two goals:

Secure a release of liability for as many of our members, associations, and MLSs as we could; and
Preserve the choices consumers have regarding real estate services and compensation.

This proposed settlement achieves both of those goals. Here are the key terms:

Release of liability: The agreement would release NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below from liability for the types of claims brought in these cases on behalf of home sellers related to broker commissions.
NAR fought to include all members in the release and was able to ensure more than one million members are included. Despite NAR’s efforts, agents affiliated with HomeServices of America and its related companies—the last corporate defendant still litigating the Sitzer-Burnett case—are not released under the settlement, nor are employees of the remaining corporate defendants named in the cases covered by this settlement.
Compensation offers moved off the MLS: NAR has agreed to put in place a new rule prohibiting offers of compensation on the MLS. Offers of compensation could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. And sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs). This change will go into effect in mid-July 2024.
Written agreements for MLS participants acting for buyers: While NAR has been advocating for the use of written agreements for years, in this settlement we have agreed to require MLS participants working with buyers to enter into written representation agreements with their buyers. This change will go into effect in mid-July 2024.
Settlement payment: NAR would pay $418 million over approximately four years. This is a substantial sum, and it will be incumbent on NAR to use our remaining resources in the most effective way possible to continue delivering on our core mission. NAR’s membership dues for 2024 will not change because of this payment.
NAR continues to deny any wrongdoing: NAR has long maintained — and we continue to believe — that cooperative compensation and NAR’s current policies are good things that benefit buyers and sellers. They promote access to property ownership, particularly for lower- and middle-income buyers who can have a difficult-enough time saving for a down payment. With this settlement, NAR is confident it and its members can still achieve all those goals.

I encourage you to watch this video from NAR Chief Legal Officer and Member Experience Officer Katie Johnson and me.

Additionally, there are materials available for members about today’s announcement at facts.realtor . You will need your NAR login credentials to access these materials. We will also continue to update competition.realtor with the latest information.

We know from our association’s 116-year history that REALTORS® are adaptable, and I’m confident that this agreement provides a path for us to move forward and continue our work to preserve, protect, and advance the right to real property for all.

Thank you for your continued dedication to consumers and to protecting property rights in America.

Regards,

Kevin

Settlement Factsheet

NAR and plaintiffs have reached a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned Multiple Listing Services (MLSs), and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. The settlement is subject to court approval.

Ultimately, we believe this was the best outcome we could achieve in the circumstances. The large settlements that other corporate defendants have already reached were important factors going into what NAR could achieve in this settlement.

Coverage of NAR’s Release

Implications for Members

Over one million NAR members are released from liability nationwide.
NAR’s release covers all members other than agents affiliated with HomeServices of America and its related companies (the last corporate defendant still litigating the Sitzer-Burnett case), and employees of the remaining corporate defendants named in the cases covered by this settlement.

Implications for Brokerages Owned by Members

Brokerage entities owned by members that had a residential transaction volume of $2 billion or below are released from liability nationwide.
While we would have preferred to protect all industry players, ultimately NAR could not persuade the plaintiffs to include the largest brokerages.
The agreement provides a mechanism for nearly all brokerage entities that had a residential transaction volume in 2022 that exceeded $2 billion to obtain releases efficiently if they choose to use it.

Implications for NAR and other REALTOR® Associations

NAR is released from liability nationwide.
Any officers, directors, or other participants in NAR activities are released from liability nationwide for their role or participation in NAR.
All state/territorial and local associations of REALTORS® are released from liability nationwide.

Implications for Association-Owned MLSs

The release includes all MLSs that are wholly owned by one or more REALTOR® associations.

Implications for Other MLSs

The agreement provides a mechanism for other MLSs to be covered by it if they choose to use it.
This mechanism includes opting into the MLS practice changes that are a part of the agreement and paying a per-subscriber fee to the Settlement Fund.
While we would have preferred to protect all industry players, the MLSs not wholly owned by a REALTOR® association were excluded by plaintiffs.

Practice Changes

We were able to retain the right of consumers to continue to have cooperative compensation as an option so long as they pursue it off-MLS through negotiation and consultation with real estate professionals.

NAR has agreed to put in place a new rule prohibiting offers of compensation on the MLS. The change will go into effect in mid-July 2024.

Implications for members

There will continue to be many ways in which buyer brokers could be compensated, including through offers of compensation communicated off MLS — as we have long believed that it is in the interests of the sellers, buyers, and their brokers to make offers of compensation — but using the MLS to communicate offers of compensation would no longer be an option.
The types of compensation available for buyer brokers would continue to take multiple forms, depending on broker-consumer negotiations, including but not limited to:
Fixed-fee commission paid directly by consumers
Concession from the seller
Portion of the listing broker’s compensation
Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they serve.

Implications for home buyers and sellers

This settlement would preserve the choices consumers have regarding real estate services and compensation.
After the new rule goes into effect, listing brokers and sellers could continue to offer compensation for buyer broker services, but such offers could not be communicated via the MLS.
The settlement expressly provides that sellers may communicate seller concessions — such as buyer closing costs — via the MLS provided that such concessions are not conditioned on the use of or payment to a buyer broker.

New rule about written agreements

NAR has long encouraged its members to use written agreements because they help consumers understand exactly what services and value will be provided, and for how much.
The settlement provides that MLS participants working with buyers must enter into written representation agreements with those buyers.
This change will go into effect in mid-July 2024.

Implications for members and home buyers and sellers

After the new rule goes into effect:
MLS participants acting for buyers would be required to enter into written agreements with their buyers before touring a home.
These agreements can help consumers understand exactly what services and value will be provided, and for how much.

Other cases concerning the MLS cooperative compensation Model Rule

Because the agreement would not end litigation as to all defendants, litigation concerning cooperative compensation may continue.
In Batton I (N.D. Ill.) , NAR’s answer to plaintiffs’ amended complaint is due on April 14, 2024. There is a status hearing on May 7, 2024.

Next steps in settlement process

Court approval and opt outs

There are strong grounds for the court to approve this settlement because it is in the best interests of all parties and class members.
We can expect the process of court review to take several months or more.
In large class action settlements like this one, objections and opt outs are common, and the plaintiffs and NAR will handle them as they come.

NAR operations

Nothing about this settlement changes NAR’s commitment to lead our industry forward and support our members.
One of the critical advantages of this agreement is that NAR would be able to pay the settlement amount over time.
NAR would pay $418 million over approximately four years.
This is a substantial sum, and it will be incumbent on NAR to use our remaining resources in the most effective way possible to continue delivering on our core mission.
We will continue to deliver unparalleled value to, and advocacy on behalf of, REALTORS®, including through our learning opportunities and resources, research, and member tools.
NAR has evolved multiple times in its history, including by introducing the MLS Model Rule in 1990s in response to calls from consumer protection advocates for buyer representation, and is doing so again now.
Our leadership and staff remain focused on their work to deliver the value that has set this association apart for so many years.

Why settling now makes sense

NAR explored settling throughout the litigation and also carefully considered the other legal options available to us. These included:

Appealing: A win on appeal would only have addressed the verdict in the Sitzer-Burnett case (not any of the copycat cases) and may only have resulted in a new jury trial, leaving members and consumers with continued uncertainty.
Chapter 11 reorganization: In theory, Chapter 11 would have enabled NAR to eliminate its own liabilities while pursuing an appeal of the Sitzer-Burnett But we believe that would have left members with continued uncertainty and potential liability risk. Chapter 11 would also have paused the litigation against NAR but not the other defendants in the cooperative compensation cases.

Ultimately, while NAR continues to believe that it is not liable for the home seller claims related to broker commissions and that we have strong arguments challenging the Sitzer-Burnett verdict, we decided to reach this settlement to put claims to rest for over one million NAR members and other parties who would be released under the agreement.

What’s next

The practice changes will go into effect in mid-July 2024.
The settlement is subject to court approval, which is a process that we can expect to take several months or more and will include an opportunity for interested parties to object. In large class action settlements like this one, objections are common.
We will move to have litigation about the MLS cooperative compensation Model Rule stayed, or paused, as to NAR pending the settlement approval process.
NAR will also continue to provide updates about the settlement process as it unfolds on competition.realtor .

Helpful Links:

(May need to sign-in to NAR to access)

5 Ways Your REALTOR® Serves as Your Trusted Advocate in Real Estate

Thu, 14 Mar 2024 18:03:33 GMT

Buying or selling a home with a set of challenges. While navigating the real estate journey, having a knowledgeable and dedicated advocate by your side can make all the difference. REALTORS® is committed to serving as a trusted advocate, working tirelessly to protect your interests and achieve your goals.

Understanding Your Unique Needs

One of the most essential aspects of advocacy is understanding your unique needs, preferences, and priorities. Your REALTOR® should take the time to listen attentively to your goals and concerns, ensuring that every decision made aligns with your best interests. By gaining a deep understanding of what matters most to you, a strategy can be tailored to meet your specific requirements and deliver a personalized real estate experience.

Providing Expert Guidance and Advice

The real estate market can be overwhelming, especially for first-time buyers or sellers. A REALTOR® provides expert guidance and advice every step of the way. Whether you're evaluating listings, negotiating offers, or dealing with complex contracts, they leverage their market knowledge and experience to ensure you make informed decisions.

Negotiating on Your Behalf

Negotiation is a critical component of any real estate transaction, and having a skilled REALTOR® in your corner can make a significant difference in your outcome. From securing the best possible price to managing potential inspection or other issues.

Providing Transparent Communication

Effective advocacy relies on clear and consistent communication. Your REALTOR® should keep you informed every step of the way, providing timely updates, answering any questions, and addressing all concerns that you may have.

Protecting Your Interests

Above all, the role of your advocate is to protect your interests and ensure your rights are upheld throughout the entire process. Whether it's safeguarding your confidential information, advocating for fair treatment in negotiations, or ensuring compliance with legal and ethical standards, your well-being is prioritized above all else.

Spring Cleaning Your Tech: 6 Dos And Don’ts

Mon, 11 Mar 2024 17:14:02 GMT

From the Tech Helpline

Would you host an open house with fingerprints on the bathroom mirrors, a dirty carpet, or un-swept floors? Not if you want it to sell!

But how clean is the tech you rely on every day? If you don’t take care of your tech, your tech won’t take care of you.

The debris buildup on your smartphone screen can cause scratches and cracks. Dirt and crumbs that get caught in your computer’s keyboard can cause keys to stick and render it useless. Or worse, debris inside your earbuds can create bacteria or mold, leading to ear infections.

Tradition calls for Spring to be the perfect time to clean and tidy your tech.

Follow these 6 dos and don’ts to spring clean fingerprints, dirt, and grime off your tech.

Wipe down screens gently but thoroughly.

Do use a microfiber cloth designed expressly for screens. The tiny fibers grab and lift away dirt, skin oils, and other gunk without leaving streaks or scratches behind. Dampen your new or clean microfiber cloth with distilled water and wipe down your phone, tablet, laptop, and smartwatch screens.

Don’t use paper towels or tissues. Paper products break down and can leave tiny scratches or lint on the screen’s surface that may clog ports. Never use cleaning sprays or other harsh chemicals. For example, glass cleaners often contain alcohol or other chemicals that, with a single use, can ruin many laptop screens, like an Apple MacBook. In other screens and monitors, chemicals in sprays also gradually break down anti-glare and oleophobic (fingerprint resistance) coatings.

Blast away debris between keyboard keys.

Do use a can of compressed air to blow out the crumbs and dust accumulated between keys, which can cause keys to stick. First, turn off the device completely. Then tilt the laptop at an angle and spray short blasts of air across the keyboard, and repeat from different angles to lift and blow away all the debris.

You also can use a new soft-bristled toothbrush to gently dislodge crumbs, dust, dead skin cells, and other grime from between the keys of your keyboard without causing damage. Or opt for a toothbrush that’s designated solely for cleaning your tech devices. This ensures it’s clean and free from contaminants. Brush in one direction to collect and remove any residue effectively, then use a can of compressed air to blow away loosened debris.

Don’t use cotton swabs or toothpicks to dig out debris, which can break off and cause a bigger problem if they are dislodged deeper inside. Don’t use a hard-bristled toothbrush, as aggressive scrubbing can scratch the surface of your keys or, worse, dislodge them. Also, avoid holding canned air upside down, which releases a liquid that may damage electronics.

Keep your connections clear and clean.

Do check your charging ports on phones, tablets, wireless earbuds, and smartwatches for compacted pocket lint and debris. Carefully scrape out all residue with a plastic or wooden toothpick. For stubborn debris, use canned air to help blast it free. Clean the plug end of your cords, too.

Don’t jam any metal tools or items into ports, as they could break delicate interior pins. This also can gradually ruin the ability of devices to connect and charge properly.

Shake, shake, shake: your wireless mouse and keyboard.

Do turn off Bluetooth keyboards and mice and gently shake them upside down over a wastebasket to empty out crumbs, dust balls, hair, and other debris that can interfere with the optical tracking sensor.

Don’t attempt this kind of cleaning while devices are still powered on and connected, which could lead to accidentally pressing buttons and commands!

Soak and scrub smartwatch bands.

Do mix a few drops of mild hand soap into a bowl of warm water. Dip your non-metal sport bands and gently scrub away to remove sweat, skin oils, and dirt buildup with a soft bristle toothbrush or even rub between your fingertips. Rinse thoroughly and air dry.

Don’t submerge the smartwatch body itself in water, which can damage internal seals and electronics.

Refresh earbuds with disinfecting wipes.

Do use a disinfecting wipe containing alcohol to sanitize earbuds after workouts and periodically. The wipes can kill bacteria and prevent the spread of germs when sharing earbuds with others. Also, wipe down the hard plastic body and the squishy ear tips, using a cotton swab inside the ear tips to clean and remove earwax.

Don’t get moisture into any openings of your earbuds, which could damage internal components. And never, ever immerse earbuds in cleaners.

Spring into action: Get a “Computer Health Check”

Remember to handle all your devices with extra care while cleaning, and ensure they are completely turned off. A little effort goes a long way.

Keep in mind, that when cleaning your tech, if you encounter an issue, reach out to Tech Helpline for assistance.

Better yet, contact Tech Helpline for a Computer Health Check: it’s your free member benefit . It’s also the fastest way to be sure your computer is at its best. Tech Helpline will verify system updates, identify and remove malware, optimize for better internet connections, and more!

A Computer Health Check helps you prevent expensive repairs by identifying issues early, reducing your downtime, improving your productivity, and limiting your risk of a cybersecurity attack.

Like a squeaky-clean open house, taking time to care for your tech this spring – and throughout every season – will make them look good, work well, and last longer.

2025 NAR Committee Applications Are Open

Fri, 08 Mar 2024 20:23:33 GMT

NAR's 2025 Committee application process is open now through May 15 . NAR is looking for passionate members to help shape the direction of your national Association.

You are encouraged to submit multiple applications (up to five) in order to be considered for all committees you have an interest in serving on; however, members will only receive one appointment, per current policy. Applications are compiled for review by NAR Officers during the NAR committee selection process.

Important Links:

Appointment Timeline

Application Website

Create or Update Your Expertise Profile

FAQs

Committee Composition & Structure

Appointment Policies

Questions? Please email nargovernance@nar.realtor or call Member Support at (800) 874-6500.

Advancing Advocacy Video Update

Fri, 01 Mar 2024 16:55:40 GMT

Video Update from Shannon McGahn, NAR’s Chief Advocacy Officer

From NAR President Kevin Sears

As the 2024 election cycle gears up, we wanted to share a video from Shannon McGahn, NAR’s Chief Advocacy Officer, on the important, non-partisan advocacy work we’re doing in Washington and in statehouses across the country to build strong communities, increase access to homeownership, and protect private property rights.

As many of you know, I’ve been involved with these efforts for a long time, well before I was installed as NAR President. Earlier this month, I especially enjoyed hearing from our advocacy team, lawmakers and policymakers, and other industry leaders and experts about advancing housing solutions at NAR’s Policy Forum. It’s great to see our advocacy team convening these important conversations and strengthening our industry leadership.

We encourage you to watch the video and share it with your networks.

Thank you for your continued work in support of our organization.

Motions to Dismiss Filed in Two Home Seller Cases (Gibson and Umpa)

Tue, 27 Feb 2024 19:53:15 GMT

An Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I'm writing to share a brief litigation update but first let me acknowledge that we understand that these are challenging times for our members and the industry, and we appreciate all the feedback and support as we navigate these challenges toward a positive outcome for property owners and the real estate profession.

Yesterday, we filed motions to dismiss in two of the copycat home seller class action cases, the Gibson case and the Umpa case, both of which are pending before Judge Stephen Bough in federal court in the Western District of Missouri.

As you may recall, these two copycat lawsuits were filed late last year, shortly following the Burnett verdict. As in the Burnett case, the plaintiffs in Gibson and Umpa claim that NAR and corporate defendants conspired to force home sellers to pay buyer broker commissions. Both cases are among those the Judicial Panel on Multidistrict Litigation (JPML) will consider centralizing at a hearing scheduled for next month.

NAR's motions raise issues relating to the specific allegations in these national cases that are in addition to those decided by the court in the Burnett case, which is a Missouri-only case. We believe that the cases should be dismissed because listing brokers or buyers, not sellers, compensate buyer brokers and because offers of compensation are authorized by state real estate laws. MLS rules do not require any particular amount of compensation (zero is allowed in some MLSs), and the MLS can be easily avoided by sellers who prefer to avoid any MLS rules.

Other defendants filed motions arguing for additional grounds for dismissal. The plaintiffs will have an opportunity to respond to these motions before the court rules on them.

We will continue to keep you informed about legal milestones. As always, please feel free to reach out to me or my team with any questions.

Financing Broker Fees

Tue, 27 Feb 2024 00:48:18 GMT

A Response from Ken Fears, NAR Director of Conventional Finance and Valuation Policy

Ken Fears specializes in finance and valuation issues. The following is a post in response to a thread by a member entitled "Banks Need to Change Rules to Allow Broker Fees to Be Financeable" on the NAR member and staff portal, The Hub. The original thread can be found here .

As part of the normal due diligence, NAR's Advocacy group explored possible outcomes of agency changes, and this is one angle that we investigated. We have also met with bank and finance regulators as well as other lending trade associations to understand their perspectives.

In short, financing commissions is not feasible under the current structure of the residential mortgage finance system, and there is no clear short-term legislative or regulatory fix.

Banks would treat such a loan as a personal loan that would have higher rates and they would limit access to those loans to borrowers with better credit profiles. Furthermore, that personal loan would add to the buyers' liabilities and make it harder to qualify for a loan.
Fannie Mae, Freddie Mac, and FHA do not allow commissions to be added to the balance. Simply put, investors will only lend against the asset they can take back and sell in a foreclosure. An investor would not be able to take back and sell a used service like real estate brokerage.
Finally, there are significant limits to adding commissions to the mortgage rate. Several rules that make up the foundation of mortgage finance would need to be changed by the regulators and Congress. Those rules took years to develop, implement, and refine, and changing them could take years, potentially a decade or more.

Keep in mind that even if commissions could be financed, this outcome could be financially worse for buyers as they would likely end up paying both the commission and nearly the same sale price.

Note, that Fannie Mae, Freddie Mac, and FHA allow interested party contributions from sellers who contribute to a buyer's closing costs. Those, too, would need to be adjusted, but that topic is different from those agencies allowing a buyer to finance the commission. Fannie Mae, Freddie Mac, and FHA all have caps on how much can be contributed to the buyer from "interested parties". Since sellers often contribute to buyers' closing costs and even buying down rates in the current environment, adding commissions would likely exceed those caps. However, this alternative is far more promising than financing commissions and it's something we continue to investigate. In addition, it would preserve affordability for the consumer if sellers' continue to pay commissions.

We realize that many pundits have asserted in blogs and articles that commissions can be financed. I would note that none of them are experts in banking or finance.

Again, this effort is one of many that Advocacy is looking at as part of our due diligence. We are currently looking at other issues in the finance space such as how shared equity may impact buyers or how the transformation of the market for mortgage-backed securities impacts both the level and volatility or mortgage rates and what can be done about it.

Motion to Dismiss Batton I Case

Fri, 23 Feb 2024 23:27:58 GMT

An Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I wanted to provide you all with an update regarding a buyer class action case pending in Illinois ( Batton v. The National Association of Realtors et al. or “ Batton I ”).

As some of you may recall, the plaintiffs in Batton I (originally known as Leeder) filed this case in 2021, alleging that NAR and other defendants inflated costs for home buyers as a result of the cooperative compensation policy. The case was dismissed in 2022 but was subsequently refiled, and our motion to dismiss the amended complaint has been pending for over a year.

While NAR succeeded in dismissing these buyer plaintiffs’ claims for damages under federal antitrust law, we are disappointed that the plaintiffs’ case is being allowed to proceed past this preliminary stage, where plaintiffs’ allegations must be taken as true. To be clear, the court did not make any findings on the merits of the case. The decision simply means that what’s left of the plaintiffs’ case will move to the discovery phase. I want to also note that the court dismissed HomeServices of America and related companies as defendants in this matter for lack of personal jurisdiction over those entities.

We are committed to defending practices that benefit consumers and advance homeownership, and will continue to keep you updated as the litigation landscape develops. As a reminder, Batton I is among all the class action cases we have asked the Joint Panel on Multidistrict Litigation to centralize in the Northern District of Illinois, and we expect a decision on centralization sometime after oral argument, which is scheduled for March.

As always, please feel free to reach out to me or my team with any questions.

NAR President Kevin Sears: Discussing Economic Trends and Advocacy On the Road

Thu, 22 Feb 2024 22:58:58 GMT

Video Update from NAR President Kevin Sears: Discussing Economic Trends and Advocacy On the Road

NAR President Kevin Sears and First Vice President Kevin Brown meet to discuss the current economic outlook for the real estate market, its impact on housing affordability and availability, and notable advocacy issues NAR is championing in California and across the United States.

First Time Homebuyer Mistakes: How a REALTOR® Can Help

Thu, 22 Feb 2024 15:15:00 GMT

Buying a home can be one of the most exciting, and stressful experiences you can have. This is the largest purchase that you’ll ever make, and there can be pitfalls along the way if you aren’t careful. However, partnering with a REALTOR® cannot only make this a smooth transaction but an enjoyable one as well. Here are three mistakes that are easy for a first-time homebuyer to make, and how your REALTOR® can help you avoid them.

Consider All of the Costs, Not Just Your Mortgage Payment

While your monthly mortgage should be a key concern, there are many other financial considerations to be made. Insurance, taxes, home maintenance costs, and more can all add up quickly. Other factors like a new commute to work, schools, and more are all directly influenced by the location you choose. This is where a REALTOR® can be invaluable. Your REALTOR® can give you a clear picture of what these costs will look like, helping you plan accordingly, and make the best decision possible.

Don’t Begin Shopping Without Being Pre-Qualified

One of the biggest mistakes you can make when is to begin shopping for a home without having your financing lined up. This can be a tremendous waste of time and energy for you and everyone involved. Your REALTOR ® can be a great resource for helping you find a lender. It is also important to know that once you are pre-approved you should not take on any new financial obligations like a new car or credit card. This can change the terms of your mortgage or even forfeit it.

Not Using a REALTOR®

This may have been implied as the expertise of a REALTOR® has been demonstrated throughout this list, but this is an all-to-common mistake made by first-time homebuyers. Your REALTOR® has the experience and expertise that will not only help you find the perfect home but will be a tremendous resource in negotiations and seeing the transaction successfully through.

Class Action Litigation Notices Mailed to Consumers

Wed, 21 Feb 2024 22:53:23 GMT

An Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

I understand that [your] members may have questions about a notice of a proposed settlement in certain antitrust commission cases that has been sent nationwide this month.

While NAR is not a party to the settlement agreements mentioned in the notice, we wanted to provide some factual information about what the notice means. Please share this information with your members, who can use it as guidance to answer questions from clients:

On February 1, 2024, a notice was sent to consumers related to settlement agreements reached between RE/MAX, Keller Williams, or Anywhere and the class action plaintiffs in the Burnett, Moehrl, and Nosalek cases. NAR is not involved in the proposed settlements.
The notice gives members of the settlement class information about how to, e.g., make a claim or opt-out of the settlements if, for example, they want to bring their own lawsuits against one or more of the defendants.
The proposed settlements between these parties are scheduled to be considered for final approval by the US District Court for the Western District of Missouri on May 9, 2024.
If someone asks for more details about the RE/MAX, Keller Williams, or Anywhere settlements or whether they should make a claim or opt out of the settlements, you could suggest that they consult an attorney. You can also refer them to the website listed on the notice for further information.

As always, updated information about NAR’s position in these and other cases can be found on competition.realtor . Please reach out directly to me or my team with any questions.

Update on DOJ Statement of Interest in MLS PIN Litigation

Tue, 20 Feb 2024 22:43:46 GMT

A Word from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer

Last night (Thursday, February 14, 2024), the Department of Justice (DOJ) filed the attached Statement of Interest in the Nosalek v. MLS PIN, et al., which is a lawsuit challenging the rule and practice of cooperative compensation between listing and buyer brokers. MLS PIN is not wholly owned by REALTOR® associations and therefore is not required to follow NAR’s MLS guidelines. MLS PIN does, however, have a rule that requires listing brokers to make an offer of compensation to buyer brokers. To be clear, the DOJ does not have veto rights over class-action settlements, so the court can still approve the settlement over the DOJ’s objection.

The DOJ’s submission is a broadside attack on how homes have been bought and sold in the United States for decades. Specifically, the DOJ argues that listing brokers and sellers should be prohibited from offering compensation to buyer brokers, thereby seeking to eliminate the choice sellers and listing brokers currently have as to whether to offer compensation for buyer representation.

This shows, as NAR has long said, that the DOJ wants to regulate what sellers and their listing agents are allowed to do with their own money and homes. We believe the DOJ is wrong and that the government fundamentally misunderstands the market. Prohibiting offers of compensation will harm consumers, including by making it more costly for home buyers to access capable representation and by reducing fair access to housing. Notably, the DOJ does not provide any new or original analysis to support its opinion—it merely wants to substitute its own policy judgments for how the market has evolved through free market competition to best serve consumers. The DOJ’s proposal would also invalidate the numerous state statutes which explicitly permit offers of compensation to buyer brokers.

For years, NAR has advised members, MLSs, and corporate defendants that the DOJ seeks relief beyond the rule changes proposed in the MLS PIN settlement and summarized below. As illustrated in this Statement of Interest, the DOJ’s ideas are short-sighted and overly simplistic. They ignore harms that will result to homebuyers — especially first-time, low-income, minority, or veteran homebuyers — and gamble with the American economy.

These are challenging times, and NAR has the unique responsibility to consider these issues holistically, taking into account the complexities involved in how consumers buy and sell homes. The tough decisions NAR has made regarding the rule and litigation strategy are based on the insights we have concerning the views of all of stakeholders, and we remain steadfast in our resolve to protect free market competition and promote fair access to home ownership for all Americans.

I’ve provided high-level takeaways from DOJ’s submission below, but I encourage you to read the document in its entirety. As you will see, it shows that the DOJ’s focus is on the practice of how sellers and their brokers advertise their homes in the free-market — which goes beyond the scope of NAR and its model rule. Additionally, while NAR is not a party to this litigation, the DOJ’s position in this case is relevant to how NAR, MLSs, buyers, sellers, and brokers address cooperative compensation now and in the future. We will continue to work, in and out of court, toward the best possible outcome for property owners in America and the professionals who represent them.

High-level Takeaways from the DOJ’s Statement of Interest

The proposed change to MLS PIN’s cooperative compensation rule included: (i) making the cooperative compensation rule optional, (ii) allowing the offer to be as little as zero-dollars, and (iii) having the offer made from the seller and not the listing broker. The DOJ calls these “cosmetic changes” that are inadequate because it “still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers.”
The DOJ objects that the proposed modified rule “gives decision-making authority for setting buyer-broker commissions to sellers, and it rewards buyer brokers a fixed amount regardless of the services buyers actually receive.”
The DOJ uses the rule changes enacted by Northwest MLS (NWMLS) in 2019 and 2022 in support of its position that the settlement should be denied because NWMLS rule changes “mirror the proposed settlement here.”
“Neither [NWMLS] revision appears to have led to a decrease in buyer-broker commissions.”
“As NWMLS’s experience reflects, MLS PIN could voluntarily adopt the settlement’s proposed changes without meaningfully altering commission-setting practices or increasing competition.”
The DOJ objects to the proposed modified rule change allowing offers of compensation to be zero, rather than a penny because:
“If virtually no sellers make one-cent offers of compensation to buyer brokers now, they are unlikely to make zero-cent offers under the new Rule.”
Following Bright MLS’s announcement that it was allowing zero to be offered as compensation, ten other MLSs (listed in Appendix B) also announced that change to their MLS and “[t]hat many MLSs have recently allowed zero-compensation offers unilaterally—without receiving any release of claims from injured home sellers or buyers—confirms that the proposed injunction provides little benefit.”
“To address the competitive problem alleged by Plaintiffs, the Settling Parties could agree to an injunction that prohibits offers of buyer-broker compensation by MLS PIN participants. If MLS PIN rules prohibited sellers and listing brokers from deciding what buyer brokers would be paid, sellers would be responsible for determining only the compensation of their own broker in the listing contract, while buyers would be responsible for determining the compensation of their own broker in a buyer-broker representation contract.”
The DOJ objects that the proposed modified rule would be in effect for at least three years because such obligation “could unnecessarily interfere with the ability of the United States, or other government enforcers, and private parties” to take actions against the modified rule.

The Real Story

Mon, 19 Feb 2024 21:17:16 GMT

A Word from Nykia Wright, NAR Interim CEO

This is a challenging moment for the real estate industry and for NAR. External commentary has seized on those challenges and purported to tell our story for us.

The real story is this: NAR recognizes the challenges of the moment, and we are focused on moving our association and our industry forward.

On the legal front, we recognize that the challenges facing our industry are complex and multifaceted. We’re mindful of the profound obligation we have to guide our industry and organization going forward, especially in ongoing antitrust litigation.

The stakes are enormously high. Potential outcomes of this case could have a significant impact not just on the real estate industry but on the American people and the economy at large. NAR has the unique responsibility to consider these issues holistically, taking into account the complexities involved in how consumers buy and sell homes. From the beginning, we have been willing to work with industry, government, and other stakeholders to improve our policies and ensure they are in the best interests of our members and the consumers they serve. You can learn more about NAR’s position on these important issues at www.competition.realtor .

The tremendous changes we’ve undergone in recent months have sharpened our commitment to advocacy, culture, innovation, and education. From advocating in Congress to implementing new culture initiatives and instituting new leadership, we are committed to delivering value across our industry and to everyone it touches, including members, consumers, and participants in real estate marketplaces nationwide, as we have done for over 100 years. Our culture of constant learning and innovation – and the spirit of our ongoing transformation – match the dynamic, ever-changing nature of real estate itself.

Personally, I am bringing my strategy and turnaround experience to bear in driving this transformation alongside our refreshed Leadership Team and other leaders across the organization. Sharon Millett and Vince Malta, both of whom have decades of experience working in real estate and serving NAR in leadership, governance, and advocacy capacities, were recently appointed to fill two vacancies on the 2024 Leadership Team. Across our organization, we have strong, valued leaders driving progress. Every day, our staff is leveraging decades of institutional knowledge about NAR to advance the organization’s important work.

That work takes many forms. In Washington, we’re advocating for policies that protect real estate professionals and the consumers they serve. During the COVID-19 pandemic, for example, we worked to protect real estate as an essential service, ensuring independent contractors were eligible for stimulus funds, rescue loans, and unemployment benefits. We’re also supporting consumer interests by continually defending the mortgage interest deduction, access to credit, flood insurance, and the 30-year mortgage. And in state and local communities, NAR collaborates with industry leaders to address the issues that hit closest to home. From addressing zoning issues in Wisconsin to opposing harmful tax increases in Washington, NAR is on the front lines supporting these leaders’ efforts to enhance REALTORS’® ability to serve their clients.

We’ve launched key initiatives to strengthen our organization and address cultural challenges. Our Culture Transformation Commission, whose commissioners represent members, state and local association staff, and NAR staff, having gathered data across the organization, is now working toward producing transformative recommendations designed to shape its progress into the future. Our Policies and Procedures Task Force is tasked with developing a set of recommendations on ways to improve NAR policies, procedures, training, and systems to encourage reporting of alleged misconduct and promote an environment of transparency and accountability. And most recently, we brought on Karyn Detje to lead our human resources transformation on an interim basis, laying the groundwork for the appointment of a Chief People Officer later in 2024.

The real story, then, is progress. NAR will continue to evolve to better serve our members, our staff, and consumers across America – and to lead our industry into the future.

Find the original notice here .

The Benefits of Diversity in Business for REALTORS®

Sat, 17 Feb 2024 16:00:00 GMT

Diversity is essential for success in any profession, but it is especially crucial for the real estate market. REALTORS® can extend their business and better serve the needs of their community by assembling a diverse team and clients.

Because different people bring a wider variety of perspectives and experiences to the table, diverse teams are better prepared to make more informed decisions. This is especially important in the real estate industry, where decisions can be nuanced and complex. Additionally, diversity can promote greater creativity and ingenuity. Together, people with different viewpoints and backgrounds are more likely to come up with innovative, original ideas. This might be a helpful tool for REALTORS® who are looking for novel strategies to sell their properties or help their clients .

REALTORS® are more likely to form meaningful relationships with customers from a variety of backgrounds and cultures if they can relate to them. Customers are more inclined to work with REALTORS® they feel a connection with because they value being heard and appreciated. More clients in a bigger market will be accessible to a diverse collection of REALTORS®. This is due to the fact that REALTORS® with different backgrounds and cultures would have different social networks. REALTORS® may consider this to be a terrific tool when looking to expand their business.

In addition to these benefits, diversity can help REALTORS® attract top talent and enhance their reputation. A diverse workplace is more likely to be perceived as welcoming and inclusive, which may draw in more job prospects. This is crucially important in today's competitive work environment.

Here are Some Tips for REALTORS® Who are Looking to Build a More Diverse Team and Clientele

The first step is for your business to prioritize diversity. This requires actively searching out applicants and workers from various backgrounds. You may also put diversity first by marketing your business to a varied customer base. It's critical to create an accepting workplace where everyone is valued and treated with respect. This requires promoting an environment where people are encouraged to voice their ideas. It also requires being conscious of unconscious bias and creating a welcoming environment for everybody.

Participating in your community is a great way to draw in a wide range of people. This can mean volunteering for or funding nearby events for community organizations that support various populations. You can meet people from different societal backgrounds and have a better knowledge of their needs by getting involved in your community.

By putting together a diverse team and clientele, REALTORS® can benefit from a number of benefits, such as better decision-making, enhanced creativity and innovation, stronger client relationships, and access to a broader market.

The Importance of Diversity in Real Estate

Tue, 13 Feb 2024 17:52:45 GMT

Diversity is not simply a catchphrase in the real estate industry; it is essential to success. Diversity acceptance has a lot to offer the industry: it enriches experiences, encourages creativity, and expands prospects for professionals and clients alike.

Cultural Competence and Understanding

Professionals from different cultural origins come together in a varied real estate workforce, bringing with them their perspectives, thoughts, and experiences. Because of this diversity, agents are better able to connect with customers from a variety of backgrounds, comprehend their problems, and offer customized solutions that align with their cultural preferences and beliefs.

Expanded Market Reach

Real estate companies can reach a wider market by having a diverse team of agents that reflect a range of ethnicities, races, genders, and backgrounds. Customers from varied backgrounds are more likely to feel at ease dealing with representatives who are aware of the subtleties of their culture and can empathize with their circumstances. This wider market penetration means more room for company expansion and customer acquisition.

Innovative Solutions and Creativity

Within the real estate sector, diversity fosters creativity and innovation . Real estate companies may provide creative answers to difficult problems, predict market trends, and more quickly adjust to the changing needs of their clients by bringing together people with different viewpoints, abilities, and ideas. Diverse teams foster innovation, teamwork, and creative thinking, which produces novel solutions and tactics that distinguish businesses in the cutthroat industry.

Enhanced Problem-Solving Abilities

There will always be difficulties in the real estate industry, from negotiating transactions to handling customer issues and navigating complex legal systems. With a varied team comprising individuals with varying problem-solving styles, strengths, and expertise, businesses may approach challenges from numerous perspectives and arrive at efficient solutions more quickly. Having a variety of viewpoints fosters critical thinking, resilience, and adaptability—qualities that are crucial for success in the ever-changing real estate market.

Cultivating Inclusive Communities

Diversity in real estate extends to the communities we serve in addition to our team. Real estate agents have a special chance to encourage diversity and inclusivity in communities and housing markets, creating hospitable settings where people of all backgrounds feel appreciated and represented. Real estate companies help build vibrant, thriving communities where everyone has the chance to succeed by promoting diversity and inclusion.

NAR Opens Applications for 2024 Good Neighbor Awards

Sat, 10 Feb 2024 22:25:10 GMT

The National Association of Realtors® announced the opening of applications for its 2024 Good Neighbor Awards. 2024 marks the 25th year of honoring NAR members who exemplify dedication to volunteer service and make significant impacts in their communities.

"NAR's Good Neighbor Awards highlight the remarkable dedication of Realtors® to making a meaningful difference where they live and work," said NAR President Kevin Sears, broker-partner of Sears Real Estate in Springfield, Massachusetts. "As we celebrate 25 years of this program, we are reminded of the power of giving back and how one person can change the lives of many."

Five winners will each receive a $10,000 grant for their nonprofit organization and be recognized in November during NAR NXT, The REALTOR® Experience in Boston. Five honorable mentions will also each receive a $2,500 grant.

Since its inception, NAR's Good Neighbor Awards have recognized more than 240 Realtors® for their volunteer efforts, contributing more than $1.5 million to Realtor®-led nonprofit organizations. Past winners, hailing from 43 states and Puerto Rico, have made a meaningful impact in 17 countries worldwide, embodying the spirit of community and compassion that defines the real estate community and transcends borders.

"Realtor.com® salutes the Good Neighbor Awards and the program's 25 years of recognizing how agents who are Realtors® improve lives and communities," said Realtor.com® Chief Marketing Officer Mickey Neuberger. "As a long-time sponsor, we've witnessed the profound impact and been inspired to make a difference with consumers, customers and housing industry partners."

Entries must be received by April 17, 2024. To be eligible, nominees must be an NAR member in good standing and should have made a significant impact as a volunteer for a 501(c)(3) nonprofit organization. Nominees are chosen for the award based on their community impact through volunteer work. For additional details, judging criteria and to apply, visit nar.realtor/gna or call 800-874-6500.

NAR President Kevin Sears: Advocacy On The Road

Fri, 09 Feb 2024 23:00:10 GMT

Video Update from NAR President Kevin Sears: Advocacy On The Road

NAR President Kevin Sears meets with Chief Advocacy Officer Shannon McGahn to discuss recent advocacy efforts at NAR.

Unveiling the Future: Louisiana Realtors Statewide YPN's Inaugural Meeting

Wed, 07 Feb 2024 18:19:48 GMT

Excitement buzzed in the air as the Louisiana REALTORS® statewide Young Professionals Network (YPN) recently hosted a meeting and roundtable at the Louisiana REALTORS® Leadership Conference last month. The Statewide Advisory Council gathered for a strategic session to chart the course for the statewide YPN, a pivotal moment for real estate professionals across Louisiana.

Charting the Path Forward

The meeting was more than just an assembly. It was a strategic collaboration to define the trajectory of the statewide YPN. The Advisory Council engaged in insightful discussions, shaping initiatives that would resonate throughout the Louisiana real estate landscape.

Inclusive Leadership

Following the strategic meeting, the statewide YPN extended a warm invitation to state leadership and local association leadership representatives from every corner of the state. The goal was to delve into the significance of YPN at the local association level and explore the expectations from the statewide charter.

Navigating the Louisiana Real Estate Landscape

As the conversation unfolded, leaders discussed the pivotal role YPN plays in the local association dynamics. Insights were shared on what the real estate community desires from the existence of a statewide YPN, fostering a sense of collaboration and shared vision for the future.

Key Takeaways from the Inaugural Meeting

Statewide Collaboration: The meeting emphasized the importance of collaboration on a statewide scale, bringing together real estate professionals from diverse regions.
Strategic Planning: Discussions revolved around strategic planning, outlining initiatives that would contribute to the growth and development of YPN.
Real Estate Networking: The gathering highlighted the significance of fostering a robust real estate network, linking professionals across Louisiana for mutual benefit.
Leadership Dialogue: Leaders engaged in a meaningful dialogue, sharing insights that could shape the future of the Louisiana real estate industry.

Looking Ahead

The momentum gained from this inaugural meeting sets the tone for future engagements. Louisiana REALTORS® statewide YPN is committed to fostering statewide unity, engaging in collaborative efforts, and driving initiatives that resonate with the local associations.

Stay tuned for more updates as we unfold the YPN journey, shaping the Louisiana real estate landscape!

NAR Interim CEO on Setting the Record Straight

Tue, 06 Feb 2024 03:48:18 GMT

National Association of REALTORS® Interim CEO Nykia Wright addresses false claims about commissions in real estate. Learn how NAR makes efficient, transparent, and accessible marketplaces possible, serving consumers and advancing homeownership.

NAR President Kevin Sears Update from the Road

Sat, 03 Feb 2024 02:29:40 GMT

Video Update from NAR President Kevin Sears

NAR President Kevin Sears shares an update from the road, as he participates in the South Carolina REALTORS® Capital Conference. Hear his thoughts on recent NAR developments.

Letter To the Editor: Re: Bloomberg editorial, "Busting Up the Home Sales Cartel Is Overdue and Necessary" (Jan. 26):

Real Estate Agents Have Earned Trust of Consumers, by NAR President Kevin Sears

2025 LR Officer Elections, RVPs & NAR Director Applications

Mon, 29 Jan 2024 14:06:31 GMT

An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.

Application deadline is March 1, 2024.

For questions or if you need assistance, please contact Norman Morris, CEO.

3 Things Every Home Buyer Should Ask Their REALTOR®

Thu, 25 Jan 2024 16:15:00 GMT

When it comes to buying a home, you’ll have a lot of questions. How many bedrooms? How’s the commute? Are the schools good? They go on and on, and they should. Buying a house is a big commitment that requires a big decision. Luckily you have a REALTOR® to help you find the answers to these questions and make the best decision for you and your family. However, there are a few questions that may not be on your list but should be. Here are three questions every homebuyer should ask their REALTOR® .

What is the Sales History of the Home?

Understanding the price and value of a home is a key trait of any real estate professional. If a home has struggled to sell and remained on the market, you could make a nice deal. If home prices in that area have consistently increased over the years, you could be in store for a sound investment.

Which Contingencies are Worth Getting? Which Aren’t?

Of course, we each have our tastes and preferences when it comes to style and other amenities. However, knowing when to push for something and when to let it go can save you a lot of time and money in the home-buying process . Your REALTOR®, with your best interest in mind, can guide you in deciding on what you should and shouldn’t demand from the seller.

What’s Going on in the Area?

Your REALTOR® should know all there is to know about your prospective new neighborhood. A big part of this is being aware of any upcoming HOA assessments. These assessments will influence your monthly expenses, so knowing what to expect can be a big help. It’s also important to know about any new amenities that are in the works like nearby retail, parks, pools, infrastructure, and more. Understanding what’s going on, and what is expected to occur in your new neck of the woods is very important.

NAR Legal FAQs

Tue, 23 Jan 2024 02:16:10 GMT

Litigation FAQs

Cooperative C ompensation & Multiple Listing Services (MLSs)

General

A Quick Message from NAR President Kevin Sears

Mon, 22 Jan 2024 17:35:23 GMT

Video Update from NAR President Kevin Sears

Please click the link below to view a quick video message update from NAR President Kevin Sears.

Your Key Partner Before Listing Your Home

Wed, 17 Jan 2024 16:00:00 GMT

Embarking on the journey of selling your home is a significant endeavor, and while some may consider going the FSBO route , the value of hiring a realtor cannot be overstated. Before even listing your home, a REALTOR® becomes your strategic ally, meticulously navigating the complexities of the real estate landscape. Here are the highlights of the comprehensive and indispensable nature of their pre-listing activities.

Listing Presentation Appointment

The process begins with scheduling a listing presentation appointment. REALTORS® understand the importance of this initial meeting, setting the stage for a collaborative and informed partnership.

Confirmation and Pre-Appointment Questions

A professional REALTOR® ensures effective communication by sending written or email confirmations of the listing appointment, along with a call to confirm. They review pre-appointment questions to gain insights into your specific needs and expectations.

Thorough Market Research

REALTORS® perform extensive market research, analyzing comparable currently listed properties, sales activity, average days on the market, and property tax information. This comprehensive research forms the foundation for establishing a fair market value for your home .

Property Details Verification

REALTORS® verify ownership and deed details, legal descriptions, land use coding, and zoning to present an accurate picture of your property. They leave no stone unturned in ensuring a precise understanding of your property's attributes.

Listing Presentation Package

Armed with a wealth of information, REALTORS® meticulously prepare a listing presentation package that includes a Comparable Market Analysis (CMA), property plat/lay-out, ownership details, and relevant legal and zoning information.

Curb Appeal Assessment and File Compilation

A REALTOR® conducts an exterior Curb Appeal Assessment to enhance the property's visual appeal. Simultaneously, they compile a formal file on your property, ensuring all pertinent details are readily available.

School Impact Assessment

Recognizing the impact of schools on market value, REALTORS® confirm current public schools and provide insights into how educational institutions may influence potential buyers.

Checklist Review

Before the listing appointment, REALTORS® meticulously review a checklist to ensure all necessary steps and actions have been completed, leaving no room for oversight.

Database Inclusion

Last but not least, REALTORS® add you to their database, fostering an ongoing relationship that extends beyond the initial listing appointment.

The pre-listing activities undertaken by a REALTOR® go far beyond a mere checklist; they represent a commitment to precision, transparency, and client-centric service. By partnering with a realtor before listing your home, you gain access to a wealth of information and tap into a strategic collaboration that maximizes the potential of your real estate journey. It's not just about selling a property; it's about navigating the intricate landscape of real estate with a trusted guide.

The Invaluable Role of Realtors: Educating, Preparing, and Showing Properties to Home Buyers

Fri, 12 Jan 2024 15:11:43 GMT

In the intricate real estate world, a REALTOR’S® role goes far beyond simply handling property transactions. REALTORS® are crucial in educating, preparing, and showing properties to new home buyers , ensuring a seamless and informed home-buying experience. Here is how the extensive support and guidance of a REALTOR can help prospective homeowners.

Working Relationship and Ethical Standards

REALTORS® operate within a framework defined by state laws, the REALTORS® Code of Ethics , and their broker's business policies. This establishes a professional and ethical foundation, guaranteeing the buyer's interests are prioritized. The adherence to Federal and State Fair Housing laws further ensures equal opportunities for all buyers, reinforcing the REALTOR®’S commitment to fairness and integrity.

Confidentiality and Transparency

One of the biggest concerns for home buyers is the confidentiality of their personal information. REALTORS® assure their clients that their data is handled carefully and remains confidential throughout the home buying process .

Neighborhood Information and Safety

REALTORS® lead buyers through important aspects such as checking crime statistics and other neighborhood-related information. By providing resources and information on municipal services, schools, and any potential negative aspects, REALTORS® empower buyers to make informed decisions about their future home and community.

Buyer Preparation

REALTORS® assist homebuyers in understanding the timeline for house hunting, mortgage approval, and closing. They provide:

Insights into the local market dynamics.
Showcasing statistics on list price percentages.
Popular home features.
Average days on the market.

Educating buyers on potential out-of-pocket costs and assisting in analyzing loan estimates ensures that clients are financially prepared.

Navigating the Market

Understanding the intricacies of the real estate market is one of a REALTOR’S® biggest strengths. From explaining the dangers of relying solely on price per square foot to introducing concepts like absorption rate and listing months of market inventory, they are equipped to help buyers make informed decisions.

Property Showings

REALTORS® go above and beyond to schedule showings promptly and provide access to all listed properties through their local MLS broker marketplaces. This proactive approach involves collaborating with buyers on properties sourced through various channels, including networking with other agents and researching unlisted properties.

The dynamic role of REALTORS® in educating, preparing, and showing properties to new home buyers is invaluable. Their commitment to ethical standards, confidentiality, and market expertise sets the stage for a successful and informed home-buying journey.

Real Estate Trends to Keep an Eye on in 2024

Wed, 20 Dec 2023 23:39:44 GMT

As we approach the cusp of a new year, the real estate landscape continues to evolve, shaped by shifting economic dynamics, technological advancements, and changing consumer preferences. New trends are poised to influence the real estate market in 2024. As professionals at the forefront of the industry, staying ahead of these trends will empower you and enhance your ability to guide clients through the complexities of real estate transactions.

Sustainable Living Spaces

Sustainable living is no longer a niche trend but a mainstream priority. In 2024, homebuyers are expected to show increased interest in energy-efficient properties, eco-friendly construction materials, and smart home technologies , contributing to reduced environmental impact. As a REALTOR®, understanding and highlighting the sustainable features of a property could give you a competitive edge in the market.

Virtual Reality (VR) Tours and Augmented Reality (AR)

The pandemic accelerated the adoption of virtual tools in real estate , and these technologies are here to stay. VR and AR will be more significant in property viewings, allowing potential buyers to explore homes remotely and get a realistic feel for the space. Integrating these technologies into your marketing strategy can enhance the customer experience and attract tech-savvy clients.

Rise of the Suburbs and Secondary Cities

The appeal of suburban living and smaller cities has grown due to remote work trends. With more people working from home, homebuyers increasingly seek spacious properties outside crowded urban centers. As a REALTOR®, keeping an eye on emerging suburbs and secondary cities and understanding their unique lifestyle can help you connect clients with the perfect location.

Flexible Living Spaces

The concept of a dedicated home office is evolving into more flexible living spaces. As the line between work and home blurs, buyers seek homes that can adapt to different needs, such as a convertible office, workout space, or multi-functional rooms. Highlighting the versatility of a property can be a persuasive selling point.

Affordable Housing Solutions

Addressing affordability challenges remains a priority in the real estate market. In 2024, we anticipate an increased focus on innovative solutions such as modular construction, micro-housing, and public-private partnerships. REALTORS®, who can navigate these options and guide clients toward affordable housing opportunities, will be in high demand.

As we look ahead to 2024, the real estate market is poised for exciting transformations. Embracing sustainability, leveraging virtual technologies, adapting to changing living preferences, and staying informed about emerging technologies are critical strategies for REALTORS® to thrive in this dynamic environment. By staying ahead of these trends, you can be a trusted advisor and guide your clients toward successful real estate transactions in the coming year.

New Year, New Success: A Guide for REALTORS to Start 2024 on the Right Foot

Sat, 16 Dec 2023 23:27:55 GMT

As the calendar turns, real estate professionals are presented with a fresh opportunity to set the stage for a successful and rewarding year. Starting the new year on the right foot involves a combination of reflection, strategic planning, and proactive habits. Here are some key insights and actionable tips to help REALTORS® make the most of the upcoming year, ensuring it's a period of growth, achievement, and prosperity.

Reflect on the Past Year

Take a moment to reflect on the successes and challenges of the past year. What worked well, and what could be improved? Learning from past experiences provides valuable insights to shape a more practical approach in the coming months.

Set Clear Goals

Define your professional and personal goals for the year. Whether achieving a certain number of transactions, expanding your network, or enhancing your skills, clear goals provide a roadmap for success. Break down larger objectives into manageable, measurable steps to track your progress.

Invest in Professional Development

The real estate landscape is ever-evolving, and staying ahead requires continuous learning. Consider investing in professional development opportunities like workshops, seminars, or online courses. Enhancing your knowledge and skills benefits your clients and positions you as a knowledgeable and trustworthy expert in your field.

Revamp Your Marketing Strategy

Give your marketing strategy a fresh perspective. Update your website, refresh your social media profiles, and explore new ways to engage with your audience. Incorporate visual content, client testimonials, and community highlights to create a compelling online presence that attracts potential clients.

Embrace Technology

Stay on top of technological trends in real estate. Whether adopting new communication tools, exploring virtual tour platforms, or leveraging data analytics, integrating technology into your business can streamline processes and enhance the client experience.

Cultivate Client Relationships

Your clients are the lifeblood of your business. Take the time to reconnect with past clients, express gratitude, and inquire about their current real estate needs. Building and maintaining solid relationships can lead to referrals and repeat business.

Organize Your Workspace

An organized workspace contributes to a focused and productive mindset. Declutter your desk, update your filing system, and ensure your digital files are well-organized. A tidy workspace can positively impact your efficiency and overall work satisfaction.

Stay Healthy and Balanced

Real estate can be demanding, and it's essential to prioritize your well-being. Incorporate healthy habits into your routine, such as regular exercise, proper nutrition, and sufficient rest. A healthy and balanced REALTOR® is better equipped to handle the industry's challenges.

Starting the new year on the right foot is about setting the stage for success through thoughtful reflection, strategic planning, and proactive habits. By implementing these tips, REALTORS® can position themselves for a year of professional growth, achievement, and fulfillment. Cheers to a prosperous 2024!

Navigating the Homebuying Journey in 2024: Essential Tips for Potential Buyers

Wed, 13 Dec 2023 23:07:29 GMT

Embarking on purchasing a home is exciting and filled with important decisions. As we enter 2024, the real estate landscape is evolving, presenting new opportunities and challenges for homebuyers.

Understand Your Financial Position

Before diving into the home-buying process, take a comprehensive look at your financial situation. Review your credit score, assess your debt-to-income ratio, and secure pre-approval for a mortgage. Understanding your financial position will empower you to set a realistic budget and effectively narrow your home search.

Explore Mortgage Options

Mortgage rates can significantly impact the overall cost of homeownership. In 2024, explore different mortgage options and stay informed about prevailing interest rates. Consult a mortgage broker for the best financing solution tailored to your needs and financial capacity.

Embrace Technology for Home Search

Leverage the power of technology to streamline your home search. Virtual reality tours, augmented reality apps, and advanced online listing platforms can provide a comprehensive view of properties without needing physical visits. This saves time and allows you to explore a broader range of options.

Research Emerging Neighborhoods

The appeal of neighborhoods is ever-changing, influenced by factors such as infrastructure development, community amenities, and lifestyle offerings. Stay ahead of the curve by researching emerging neighborhoods. Look for areas with planned developments, access to public transportation, and a thriving local community.

Consider Sustainability Features

In 2024, the trend toward sustainable living is expected to grow. When evaluating properties, consider those with eco-friendly features such as energy-efficient appliances, smart home technologies , and sustainable construction materials. Not only does this contribute to a healthier planet, but it may also enhance the long-term value of your investment.

Flexibility in Home Design

The way we use our homes has evolved, especially with the rise of remote work. Look for properties that offer flexible living spaces, allowing you to adapt rooms for different purposes. A home with a dedicated office space, multi-functional rooms, or the potential for easy renovations can provide the versatility needed in today's dynamic lifestyle.

Engage a Knowledgeable REALTOR®

Partnering with a knowledgeable and experienced REALTOR® is crucial. REALTOR®s have insights into the local market, can guide you through the negotiation process, and provide valuable advice. Choose a REALTOR® who understands your preferences, communicates effectively, and is dedicated to helping you find the perfect home.

Attend Open Houses and Events

While virtual tools are valuable, attending open houses and local events provides a tangible feel for neighborhoods and properties. Take advantage of in-person opportunities to connect with sellers, ask questions, and experience the community firsthand.

As you embark on the exciting journey of purchasing a home in 2024, these tips can serve as a roadmap to navigate the evolving real estate landscape. From understanding your financial position to embracing technology and considering sustainability features, each step contributes to making informed decisions and finding a home that aligns with your lifestyle and aspirations.

Purchase Agreement and Property Disclosure Document Changes

Wed, 06 Dec 2023 19:41:26 GMT

Below are highlights of the changes to mandatory forms effective January 1, 2024.

Louisiana Residential Agreement to Buy or Sell: Specific Changes

Property Disclosure Document: Specific Changes

Check out more about mandatory forms from LREC.

'Tis the Season for Client Appreciation: Creative Ways to Reach Out This Holiday Season in Louisiana Real Estate

Thu, 30 Nov 2023 22:37:19 GMT

The holidays are an excellent opportunity to show your loyal clients how much you appreciate them and to build stronger bonds together. You have a special chance as a Louisiana REALTOR® to brighten people up and show your gratitude. These innovative suggestions can help you connect with your clients and provide them with a memorable holiday season.

Personalized Greetings

Giving your clients customized holiday cards or emails is a time-tested, but powerful approach to express your appreciation. If at all feasible, include a personal note along with a genuine statement about their recent real estate experience.

Local Treats and Goodies

Louisiana's rich culinary heritage is well-known. Think about giving your customers a sense of the area with a well-chosen assortment of regional sweets, such as pralines, hot sauces, or perhaps a gift card to a well-liked neighborhood eatery.

Festive Open Houses

Organize an open house with a festive theme for your potential customers. Deck the halls, provide seasonal snacks and give tours of residences decked out for the holidays. This gives prospective buyers a warm, inviting setting in addition to showcasing your listings.

Virtual Home Tours

Provide virtual tours of your listings that are decorated for the holidays to individuals who might not be able to attend in person. Emphasize each home's own qualities and how they might provide the ideal setting for joyous occasions.

Home Maintenance Tips

Give your clients useful advice on how to get their houses ready for the winter . Give advice on seasonal chores including HVAC maintenance and weatherproofing. This shows that you care about their welfare even after the sale.

Holiday Events and Charities

Disseminate information about volunteer opportunities, philanthropic drives, and holiday celebrations in the area. This demonstrates your expertise in the field and highlights your commitment to give back.

Exclusive Client Webinars or Workshops

Organize an online conference with a theme related to homeownership. This could be talking about potential investments, market trends, or advice on how to get the most out of their home.

Personalized Gifts

Think about giving your clients a unique, well-thought-out gift that complements their hobbies. This might be anything from a book that suits their likes to specially designed décor.

Year-End Market Updates

Give your clients a thorough rundown of the Louisiana real estate market. In order to keep them informed and confident in their real estate decisions, highlight important trends, projections, and insights.

Taking advantage of the holidays to establish a connection with your clients is not just a kind gesture but also a testament to your dedication to their real estate success. Your outreach efforts will be remembered long after you implement these original ideas, and you'll lay the groundwork for more productive partnerships in the upcoming year.

Making the Most of the Holidays: Networking Tips for REALTORS®

Fri, 17 Nov 2023 21:54:35 GMT

The holidays are a great time for real estate agents to build relationships and broaden their network in addition to being a time for family get-togethers and joyous celebrations. Developing relationships with brokers, lenders, and other real estate professionals in a unique atmosphere may make holiday networking pleasurable and fruitful. We'll look at some practical holiday networking advice for REALTORS® in this blog, so that you may make the most of the season and grow your business at the same time.

Host a Festive Networking Event

Organize a holiday-themed networking event to provide a casual gathering place for REALTORS®, brokers, lenders, and other professionals in the business. Whether it's a winter wonderland get-together, a cocktail party, or a nice breakfast, setting a festive mood might improve networking chances. Spread holiday cheer by promoting candid discussions, sharing success stories, and discussing possible collaborations.

Send Thoughtful Holiday Greetings

Make the most of the holidays to show your appreciation and kindness. Give individualized holiday cards or greetings to lenders, brokers, and other real estate experts you've collaborated with all year long. A personal message can make a big impression and pave the way for future business dealings. Mention particular achievements in your working relationship to demonstrate your sincere gratitude and overall attention to your joined partnership.

Collaborate on Community Initiatives

Giving back to the community during the holidays may strengthen bonds among real estate agents, and working together on philanthropic projects is one way to do this. Collaborate with lenders, brokers, and other stakeholders to plan a charity function or make a donation to a nearby organization. This demonstrates your dedication to community involvement and fortifies your professional relationships.

Attend Industry-Specific Holiday Gatherings

Investigate holiday parties held by chambers of business, real estate associations, or other professional associations that are industry-specific. Come to these events to network with new industry players, trade business cards, and learn about current trends in the field. Talking about the real estate market over a drink might yield insightful information and create opportunities for future cooperation.

Utilize Social Media Platforms

Make the most of social media to expand the reach of your holiday networking. Post holiday updates, take part in industry debates, and establish online connections with experts. Think about starting a networking group with a holiday theme or joining ones that already exist so that real estate agents may exchange opportunities and insights.

Organize a Secret Santa Gift Exchange

Arrange for a real estate professionals' Secret Santa gift exchange to inject some fun into your networking endeavors. In addition to making the holidays happier, this playful exercise teaches participants more about one other's interests and preferences. The element of surprise can start thought-provoking discussions and forge enduring bonds.

As a REALTOR®, the holidays offer a special chance to build relationships , show gratitude, and set the stage for a prosperous new year. You may enjoy the festive spirit of the season and forge lasting relationships with brokers, lenders, and other real estate professionals by implementing these holiday networking techniques into your business plan. Thus, now is the perfect time to connect with people, work together, and build long-lasting relationships that can help your real estate activities in the upcoming year. Merry Christmas and prosperous networking.

Establishing a Buyer Representation Agreement

Wed, 15 Nov 2023 16:27:32 GMT

A Word from Breazeale, Sachse & Wilson, L.L.P.

***NOTE: Buyer Representation Agreements will be updated July 2024 and a footnote will be posted on this blog article.***

Please view a section-by-section explanation below on the sample Exclusive Buyer Representation Agreement.

After requesting and reviewing input from brokers across the State, Louisiana REALTORS® is providing members with a sample Exclusive Buyer Representation Agreement (the “Agreement”) to assist you in serving consumers seeking to purchase property in Louisiana.

Whether a member utilizes this sample Agreement or another, an agreement between a broker and buyer establishing their relationship up front can build trust, define the parameters of mutually beneficial relationships, provide clarity regarding services to be provided to the buyer, and detail the real estate professional’s compensation for their services. In short, signing a buyer representation agreement at the outset is beneficial for both a broker and a buyer because it minimizes future misunderstandings.

Exclusive Nature of the Sample Agreement

The sample form provided is an exclusive agreement which would require the buyer to only work with the named broker and no other licensee during the time period specified in the Agreement. For brokers, an exclusive buyer representation agreement safeguards their client relationship, which is reinforced by Article 16 of the REALTOR® Code of Ethics. Non-exclusive agreements are also acceptable and the difference between exclusive and non-exclusive agreements should always be discussed during negotiations of a buyer representation agreement.

Highly Encouraged, but Not Mandatory

The use of a buyer representation agreement is not mandated by Louisiana law but is highly encouraged by industry experts. Additionally, the Louisiana Real Estate Commission does not require the use of buyer representation agreements. If a member elects to use the sample Agreement form in their practice, then the form should be revised to reflect the member’s practices and always be revised to reflect negotiated and agreed upon terms between a broker and a buyer client.

Compensation is Always Negotiable

Compensation of licensees for real estate services is always negotiable. While some compensation methods and conditions are included in the sample Agreement, the parties are free to contract for any compensation or compensation conditions that they deem appropriate and agree upon.

Summary of the Agreement Sections

I. Section 1 lays out the purpose of the Agreement, largely discussed immediately above. It also would allow the parties to limit the scope of the exclusive relationship to the purchase of a specific type of property in parishes they designate in the Agreement, but it also provides the Agreement would cover residential property located in Louisiana if the type of property was not specified or parishes were not designated. However, it is highly recommended that the geographic limitation and the designation of the type of property involved always be provided so that you and buyer establish a clear understanding of what properties the buyer is interested in and suit the buyer’s needs.

II. Section 2 is a representation on the part of the buyer that he or she was not in a contractual relationship for the purchase of property with any other broker. This supports the exclusive nature of the relationship set forth in the Agreement.

III. Section 3 creates an agency relationship between the Broker and the buyer, and by virtue of that agency relationship, the Broker would owe the buyer certain duties, such as the duty of good faith and fair dealing.

IV. Section 4 lays out the definitions of certain terms used in the Agreement.

V. Under Section 5, a specific licensee in the Broker’s office would be appointed as their “Designated Agent”. The Designated Agent is the real estate licensee in the Broker’s office who is the agent of the Buyer that will primarily work with the Buyer. Section 5 also makes it clear that certain people associated with the Broker could perform ministerial acts in connection with the exclusive relationship.

Note, this Agreement does not directly address what happens between the Broker and the Designated Agent if the Designated Agent ceases to be affiliated with the Broker but would allow for a substitute agent in that instance. The relationship between the Designated Agent and Broker, and what happens upon termination of that relationship, should be set forth in a separate written agreement between the Broker and Designated Agent.

VI. Section 6 lays out the specific duties the Broker would owe a buyer under the Agreement, including the following:

a. Locating a property acceptable to buyer.

b. Negotiating the purchase.

c. Drafting and negotiating the purchase agreement.

d. Acting as buyer’s exclusive representative under the Agreement; and

e. Promoting buyer’s best interests.

This section of the sample Agreement includes the duties set forth in Louisiana agency law, but clearly does not include the many and various services members provide their clients. The document should be modified to include any additional specific services you provide, and services agreed to during negotiation of the terms of any buyer representation agreement.

The Agreement also references “ministerial acts” that may be performed by the Broker. La. R.S. 9:3891(12) defines “Ministerial acts” as “acts that a licensee may perform for a person that are informative in nature,” and provides examples of these acts, such as responding to phone inquiries, conducting an open house, and setting an appointment to view property.

VII. Section 7 lays out the duties a buyer would assume under the Agreement, including the following:

a. An agreement to work exclusively with the Broker.

b. Informing other brokers that the buyer encounters of his exclusive relationship with the designated Broker.

c. Work reasonably to assist Broker in Broker’s requests and listings Broker coordinates viewing of properties.

d. Doing due diligence on matters that would impact the purchase.

e. Seeking expert advice on property when necessary; and

f. Becoming familiar with the transaction documents that will be executed in connection with the purchase.

This section sets forth the duties of the buyer so that buyer clearly understands what would be expected of him or her.

VIII. Section 8 includes specific acknowledgements that would be made by both buyer and Broker, including the following:

a. Broker’s diligent search for property would only include those that come to Broker’s attention in the ordinary course of Broker’s business.

b. Broker or any licensee may show property buyer is interested in to any other prospective buyer, meaning that although buyer is in an exclusive relationship with Broker, Broker is not limited to only consummating the sale of property to the particular buyer.

c. Broker would have no obligation to monitor construction or repairs to property.

d. No knowledge would be imputed to Broker regarding property that buyer is interested in.

e. Broker would not provide advice on matters related to construction, insurance, surveys, titles, inspections, appraisals, finance, mold or hazardous substances, termites, insects, law, or other matters; buyer is advised to seek expert opinions on these matters; and

f. Broker would not owe the buyer any other duties than what is required by law and set forth in the Agreement.

This section is also intended to clarify the Broker and Designated Agent’s roles and responsibilities. Again – clarifying what would and would not be done by the Broker and Designated Agent unless otherwise agreed to by the parties.

IX. Section 9 addresses compensation. Under the terms of the sample Agreement, the buyer would be presented three possible compensation structures:

1. a percentage of the sale price of the purchased property,

2. a flat fee, or

3. another form of compensation to be negotiated and agreed to by the parties.

Section 9 also provides that any compensation owed by buyer under the Agreement would be offset by compensation received by the Broker from the seller or listing agent. Section 9 also states when compensation would be due to the Broker, including the obligation of a buyer to compensate the Broker if property is purchased within a certain amount of time after the termination of the Agreement and the Broker learned about the purchased property from the Broker. Lastly, Section 9 addresses transactions involving Veterans Affairs loans as it is understood that some of these loan products may prohibit payment of a commission to a Broker by a buyer.

Members are reminded that compensation and compensation terms and conditions are always negotiable, and the Agreement provided is a sample form to be modified as necessary.

X. Section 10 provides for the term of the Agreement; the term would be agreed upon by the buyer and Broker. This length of the term is always negotiable by the parties, but it is recommended that the term always have reasonable and specific beginning and end dates.

XI. Section 11 details termination rights. The Buyer would be able to terminate the Agreement at any time upon written notice to the Broker, but termination of the Agreement would not terminate Broker’s right to earned and owed compensation under Section 9.

XII. Section 12 addresses dual agency, and provides that if a dual agency relationship arose, then applicable laws, rules and regulations would be followed.

XIII. Section 13 provides that the Broker would not be liable for the following items:

a. Inaccurate and/or incomplete information provided to buyer by Broker, designated agent and any licensee, independent contractor, or employee of Broker.

b. Security deposit funds money handled or held by anyone other than the Broker, designated agent and any licensee, independent contractor, or employee of Broker.

c. Injury or damage to property viewed or visited pursuant to the Agreement or the loss of tangible or intangible property which occurred or is believed to have occurred in connection with viewing or visiting a property pursuant to the Agreement.

d. Injury to persons while any property is viewed or visited pursuant to the Agreement or injury of persons attributed to visiting or viewing a property pursuant to the Agreement.

Brokers should be aware that this language does not bar a person from filing suit for the listed items but is included in an effort to limit any potential liability if a claim arose for any of the listed items.

XIV. Section 14 is a fairly “standard” provision in all types of contracts. It states that the Agreement would be the sole agreement between the parties which would confirms the parties have no oral agreements or side agreements related to the subject matter covered by the Agreement. That may be important should the buyer subsequently claim that the Broker or Designated Agent made promises or representations not included in the Agreement.

XV. Section 15 authorizes electronic communications and is similar to the electronic communications provisions of the mandatory purchase agreement form.

XVI. Section 16 is a space that allows for the parties to add, modify, or write in any other terms, conditions, agreements, or specifications agreed to in their negotiations. Of course, the parties may also agree to attach an addendum if there are substantial additions or modifications to the Agreement and that addendum can simply be referenced in Section 16.

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Post-Verdict Guidance from NAR President Tracy Kasper

Wed, 08 Nov 2023 14:36:45 GMT

Message from NAR President Tracy Kasper

There has been a lot happening at the National Association of REALTORS® this past week since the verdict in the Burnett et al v. NAR et al case and the announcement of our new interim CEO, Nykia Wright. I wanted to share some additional perspective about where we are at this moment in time.

As disappointed as I know we all are by the immediate outcome, this is just one chapter in a longer legal process as we plan to appeal the verdict. While we don’t have all the answers about how this will continue to play out, know that we are working around the clock to evaluate the situation and get the best advice about the path forward.

In my note last week right after the verdict, I addressed some immediate questions we’d anticipated. Today, I’m following up with some additional high-level guidance to help you communicate about the verdict – please see below.

Finally, I encourage everyone to keep sharing with your clients and communities the value you as REALTORS® provide to your clients day in and day out. I have seen a number of these personal reflections in recent days, and they are so impactful and inspiring. Keep them coming, everyone.

As always, we will continue to keep you updated.

Thank you for all that you do!

Tracy Kaspe r

NAR President

What does this mean for me and my business?

We all should continue to express that commissions are negotiable and set between a broker and their client.
As always, it is critical to maximize transparency with your clients about their choices and your terms.
Continue to use your listing and buyer agreements to help them understand 1) exactly what services and value you are providing and 2) how much you charge.
For buyers, this includes options for offers of compensation from a listing broker or paying for your services directly or a combination.
For sellers, this includes options to allow offers of compensation to be made by their listing broker to a buyer’s broker, and if so, how much and under what terms.

What should I tell my clients who ask me about the verdict or lawsuits?

The National Association of REALTORS® believes that the jury reached an outcome that is neither supported by the law nor the facts presented in the case and plans to appeal.
The trial had to do with a very pro-consumer rule for local MLS broker marketplaces where listing brokers make offers of compensation to buyer brokers who identify someone who wants to buy the sellers’ home.
Those offers can be any amount, can vary over time, are based on things like service and the market, and are negotiable. Neither the buyer nor seller broker gets paid until the home sale and purchase close based on what the seller and buyer have agreed to in writing.
The offer of compensation practice ensures efficient, transparent and accessible marketplaces where sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.
Plaintiffs have said wealthy people could still afford representation without the practice, but that hardly seems fair. The National Association of REALTORS® is going to continue to advocate for this pro-consumer practice and, as noted, plans to appeal the jury’s verdict.
Know that agents who are REALTORS® will still and always be there for clients to guide you through the financial, legal and community complexities of buying and selling a home.
The verdict doesn’t change the many choices buyers and sellers have when deciding whether to hire a real estate agent who is a REALTOR®. Compensation will continue to be negotiable and set between a broker and their respective client, as it always has been.

What can I do to help?

It’s so important that as real estate agents who are REALTORS®, we continue to demonstrate the real value we bring as we guide consumers through the financial, legal and community complexities of buying and selling a home.
There are so many great resources at the REALTORS® as Champions section of the competition.realtor website, including infographics you can reference, post and share:
Buying a home is easy if you work with a REALTOR®
Selling a home is easy if you work with a REALTOR®
Why hire an agent who is a REALTOR®
The essential real estate agent

Louisiana Fortify Homes Program Round 3 Opens November 6

Thu, 02 Nov 2023 17:45:13 GMT

Applicants Strongly Encouraged to Review Eligibility Information Before Applying

Commissioner Jim Donelon announced November 1, 2023, that the Louisiana Fortify Homes Program (LFHP) will open its third round of grants at noon on November 6. There are 750 grants available in the third round, and grants will be awarded on a first-come, first-served basis. This round of grants is open to all homeowners whose home meets the criteria required for upgrading to the FORTIFIED Roof™ standard.

The LFHP provides grants of up to $10,000 for homeowners to repair or replace their roofs to the FORTIFIED Roof™ standard of the Insurance Institute for Business & Home Safety (IBHS). More information is available at www.ldi.la.gov/fortifyhomes . Those interested in the program are encouraged to review eligibility information and frequently asked questions on the LFHP website cited above to determine whether their home meets the requirements for the program.

Homeowners are required to create a profile in the LFHP system before applying for a grant and may do so by visiting www.ldi.la.gov/fortifyhomes . LFHP staff urge homeowners who are interested in the program to create a profile before the grant application period opens, as homeowners will need to log in to their profile before applying on November 6. Eligible homeowners should attempt to apply as quickly as possible once the application window goes live at noon.

The LFHP began with enough funding to award approximately 3,000 grants. The first half of those grants were limited to Citizens policyholders, and the remaining grants will be available to all homeowners across the state.

The grant will cover the cost of reinforcing a roof using methods that meet or exceed the FORTIFIED Roof™ standard, which includes strengthening a building against severe storms, high winds and wind driven rain. Homeowners must meet eligibility requirements and pay all costs for the roof upgrade including permits, inspections and construction costs beyond the amount of the grant.

Eligibility Requirements:

Homeowners are only eligible for their primary residence and must verify they have a homestead exemption on the property if selected for a grant.
Homeowners must provide proof of an active residential insurance policy with wind coverage if selected for a grant. If they live in a Special Flood Hazard Area as designated by FEMA, they must also provide proof of a flood insurance policy. Contact your agent if you are unsure whether you have these coverages.
New construction homes, condominiums and mobile homes do not qualify.
Homes on a foundation constructed of unrestrained stacked masonry or stone (dry-stack foundation) are not eligible without an approved retrofit of the foundation.
Homes must be in good repair as determined by a FORTIFIED™ Evaluator. Homeowners are responsible for hiring and paying the evaluation fee, which is typically between $300 and $500.
Grant funds are paid directly to contractors. Homeowners are financially responsible for all costs beyond the full grant amount. Grant funding is limited to construction costs.
These and all other eligibility requirements and program details may be reviewed at www.ldi.la.gov/fortifyhomes .

4 Things Home Sellers Need from their REALTOR®

Wed, 25 Oct 2023 22:39:50 GMT

You wouldn’t want a doctor that does the bare minimum to treat your symptoms. You wouldn’t want a mechanic to do the smallest repair possible to get your car running. Keeping with this theme you also wouldn’t want a REALTOR® that did the minimum amount of work to sell your home. Just like a minimal treatment could lead to a returning ailment, and a minor repair can’t fix a major problem; simply sticking a sign in the yard and posting on the MLS isn’t going to provide the best results for a seller. Here are four things that REALTORS® should do for their clients that are selling a home.

Promote and Market the Property

This is a key practice that every REALTOR® should embrace and excel at. Marketing is to real estate as bait is to a fisherman. Today there are more avenues to attract buyers than ever before. One of the most essential elements is photography. High-quality photographs of a property will be any potential buyer’s first impression of your client’s home. Social media and a strong web presence are also critical to create the best opportunity for a successful sale.

Find the Best Price

Having an effective pricing strategy stems from a number of skills. Using the experience and expertise of a REALTOR® will help you arrive at the best possible price. Without this vital step, it can end up costing a lot of time and money. Understanding the market and researching comparable sales are important factors for determining the best price. There is a fine line to walk between what is a correctly priced property and the price that your client wants. While it can be difficult not to give in to an optimistic figure, your REALTOR® is obligated by the code of ethics to do what is best, not to offer what you want to hear. Pricing too high can lead to an extended time on the market, which is not favorable. Pricing too low can leave a lot of money on the table. This is why arriving at the correct price for your market and timeframe is essential.

Attend the Inspection

When a home is inspected it can often lead to a secondary round of negotiations. Cost concessions and repair agreements all affect your motivation and final price. Having an available REALTOR® to observe and listen makes for a valuable resource and gives you the opportunity to understand the evolving landscape of the transaction.

Prepare for the Closing

A REALTOR’S® value comes from their experience and expertise in guiding their clients through a complex and complicated process. This is never truer than during a home closing . The more your REALTOR® can do for you in this final stage only adds to the value of a REALTOR®.

Embracing Diversity in Real Estate: A Pathway to Success

Mon, 23 Oct 2023 21:32:00 GMT

The real estate sector is vibrant, always changing, and ingrained in the communities it serves. REALTORS® can have a significant impact on how neighborhoods are developed, how homeownership goals are realized, and how vibrant communities can be. Let’s take a closer look at the value of diversity in real estate and how it can be advanced.

Changing Demographics

The real estate market is directly impacted by the changing demographics of our society, which are becoming more varied. Communities that are more culturally, racially, and economically diverse are becoming more prevalent, and real estate agents must be aware of their particular preferences.

Inclusive Marketing Strategies

REALTORS® should use inclusive marketing techniques. This entails presenting properties in ways that appeal to a variety of potential buyers. Additionally, it includes being aware of and respectful of any cultural sensitivities, linguistic preferences, and particular needs that could occur during a real estate transaction.

Building Trust and Relationships

Real estate diversity involves accepting differences, not just acknowledging them. Genuine empathy and cultural sensitivity are necessary for establishing trust with clients from different backgrounds. You can distinguish yourself as a REALTOR® who genuinely cares about their needs by being able to relate to and understand the unique issues and desires of varied clients.

Diversity in the Real Estate Workforce

Beyond client contacts, real estate professionals should actively promote diversity. Encouragement of a wide collection of real estate experts can result in new insights, creative strategies, and a larger clientele.

Overcoming Challenges

It's critical to recognize that accepting diversity in real estate may provide difficulties. These difficulties can involve overcoming language hurdles, dealing with prejudice or discrimination, and ensuring that each customer is treated fairly and equally. REALTORS® need to be ready to face these difficulties head-on and work toward fair business practices.

Education and Training

Continuous learning is crucial if you want to succeed in a diverse real estate market. REALTORS® should spend money on education and training that improves their cultural sensitivity and awareness of the particular requirements of varied communities. It's also crucial to stay up to date on fair housing legislation and guidelines .

Diversity in real estate is not simply a trendy term; it is a core value that can lead to the real estate industry's continued success and expansion. In addition to having the honor of assisting individuals and families in finding their ideal homes, REALTORS® should embrace and celebrate the varied communities they serve.

Update on NAR's Culture Initiatives

Mon, 23 Oct 2023 16:28:25 GMT

Message from NAR President Tracy Kasper

Earlier this morning, I released a video update about our work in progress to ensure a safe, supportive, and empowering environment for staff and members, as well as recent developments affecting the real estate industry. As always, we appreciate everyone who is dedicating their time and providing input to strengthen our culture at NAR. I look forward to providing additional updates as our work progresses, and to seeing many of you at NXT in just a few weeks.

Thank you all for all you do!

Tracy

Burnett v. NAR Trial Updates

Tue, 17 Oct 2023 13:36:46 GMT

Updates provided by NAR

From Tracy Kasper, NAR President - Oct 31, 2023 1:19 PM

Hi all, I have an important litigation update. After an 11-day trial in the case of Burnett v. NAR et al , the eight-person jury in a Kansas City, Mo., federal courtroom, came back Tuesday and found NAR and other corporate defendants liable in the case.

This matter is not close to being final. We will appeal the liability finding because we stand by the fact that NAR rules serve the best interests of consumers, support market-driven pricing and advance business competition. We remain optimistic we will ultimately prevail. In the interim, we will ask the court to reduce the damages awarded by the jury.

In court, NAR presented evidence that consumers are better off and business competition is able to thrive because of our rules and how well local MLS broker marketplaces function. In fact, the NAR cooperative compensation rule for local MLS broker marketplaces ensures efficient, transparent and equitable marketplaces where sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. NAR also presented that REALTORS® are everyday working

Americans who are experts at helping consumers navigate the complexities of home purchases and advocates for fair housing and wealth building for all.

NAR was formed 100 years ago because there was a need for a higher level of ethical practice. We should all be proud that REALTORS® continue to serve in that role. I know our mission to advocate for homeownership and always put our client interests first is unwavering. We recognize our legal team and outside counsel have worked tirelessly on this case. It will likely be several years before we reach a conclusion.

I am grateful to our NAR staff and our 1.5 million members who work to serve their clients every day. We have an important shared purpose for consumers, and we could not achieve that without all that each of us do.

Below are some key questions people may have that you can share. We will continue to keep you informed of any notable litigation milestones, and in the meantime, I encourage you to continue to refer to the Competition.Realtor website, which provides a comprehensive overview of and many resources for how REALTORS® and local MLS broker marketplaces benefit consumers. The need for each of us and every member to continue to express our value every day in as many ways as we can remains an imperative.

Tracy

Burnett Questions Answered

In the case of Burnett v. NAR et al , on Tuesday, Oct. 31, the jury found NAR and the co-defendants liable. The plaintiffs claimed real estate commission rates are too high, buyer brokers are being paid too much and that NAR rules and corporate defendants’ practices lead to set pricing.

The reality is that NAR rules prioritize consumers, support market-driven pricing and promote business competition. We stand by the fact that NAR’s guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent and reliable home information and that brokerages of any size, service or pricing model get a fair shot at competing.

Following are answers to questions you might have.

What are next steps legally and the timing? This matter is not close to being final as we will appeal the jury’s verdict, and we remain confident we will ultimately prevail. In the interim, we will ask the court to reduce the damages awarded by the jury. Due to the nature of appeals, this case likely will not be concluded for several years.
What will be the basis for NAR’s appeal? We can’t speak to the specifics of that until we file our appeal, but we can say that we have a very strong legal basis for appeal.
Is there anything REALTORS®, brokers, state/local associations or MLSs need to do differently because of this verdict? Not because of this verdict. But NAR has emphasized for many years two important things. One is the use of buyer representation agreements, which maximize transparency by putting all agreements in writing to ensure clarity and understanding, as all members are obligated to do pursuant to the NAR Code of Ethics. These agreements formalize the professional working relationship with clients and detail what services consumers are entitled to and what the buyer agent expects from their client in return. Second, it’s also an imperative for members to continue to express that commissions are negotiable and set between brokers and their clients; explain how local MLS broker marketplaces promote equity, transparency and market-driven pricing for consumers; and persistently communicate the incredible value agents who are REALTORS® provide.
What does the future of buyer representation look like as a result of the verdict? This verdict does not require a change in our rules, but if class action attorneys had it their way, buyer representation would be very much at risk because many first-time home buyers, among others, couldn’t afford to pay for representation out of pocket. It’s important that members take every opportunity to express how they are experts who guide consumers through the financial, legal and community complexities of buying or selling a home.
Does NAR have the funds to pay the proposed damages or post a bond to file an appeal? NAR is going to appeal and has the funds to post bond, which allows us to proceed with our appeals and defer potential payment of damages. While appeals will take years, and we are confident we will ultimately prevail, we also are financially prepared for any final judgment.
How does this verdict affect other ongoing litigation, including the other seller lawsuit? It doesn’t. Cases are tried separately, and we remain confident we will ultimately prevail because we have a strong case we’ll present on appeal and because our rules are pro-consumer and pro-business competitive.
Is there any scenario where NAR would consider settling? NAR always has been open to a resolution that maintains a way for buyers and sellers to continue to benefit from the cooperation of real estate professionals and eliminates our members’ risk of liability for the claims alleged. That being said, we remain confident we will prevail on our appeal.
Would NAR ever consider changing the cooperative compensation rule? This rule always has been in place to protect and serve the best interests of consumers, support market-driven pricing and advance business competition. NAR consistently reviews and considers evolving its rules in a way that responds to changes in the industry and what best serves consumers.
Do you expect the plaintiffs to seek an injunction that would require NAR to stop making the rule mandatory or eliminate the rule altogether? We cannot predict what plaintiffs will do. We would contest any such effort because this rule always has been in place to protect and serve the best interests of consumers, support market-driven pricing and advance business competition.
What’s the status with the Department of Justice and has anything changed with this verdict? We reached an agreement with the DOJ nearly two years ago. NAR has upheld our end of the agreement, and we expect the DOJ to do the same as affirmed by a federal court’s careful ruling. That is a separate matter from the case of Burnett v. NAR et al.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 31, 2023

After an 11-day trial in the case of Burnett v. NAR et al, the eight-person jury in a Kansas City, Mo., federal courtroom came back Tuesday and found NAR and other corporate defendants liable in the case.

NAR had presented in court that its rules prioritize consumers, support market-driven pricing and promote business competition. This matter is not close to being final as NAR will appeal the jury’s verdict. It will likely be several years before this case is finally resolved.

NAR stands by the fact that its guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent and reliable home information and that brokerages of any size, service or pricing model get a fair shot at competing. NAR will continue to focus on our mission to advocate for homeownership and always put consumer interests first.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 30, 2023

On Monday, the final defense witness took the stand, which was followed by instructions by the judge to the jury and closing remarks by lawyers for the plaintiffs and all co-defendants. During NAR’s closing remarks, outside counsel Ethan Glass presented to the jury how there was no evidence to support the plaintiff’s allegations against NAR.

NAR demonstrated there is no evidence or expert testimony to support allegations of antitrust violations claimed by plaintiffs. It makes no sense that hundreds of thousands of people got together to coordinate on a very public rule and public rule-making process involving hundreds of thousands of public documents.
NAR affirmatively proved purpose and effect of the cooperative compensation rule, which enables brokers to know how much they will be paid before starting work. NAR’s model rule has expressly stood for the proposition that buyer brokers, like everyone else, have the right to know how much they will be paid prior to commencing work. Commission rates are market-driven and have fluctuated over time. Agent compensation is set between brokers and their clients and has always been negotiable at any point in the transaction. And those costs are spelled out to buyers and sellers.
NAR reaffirmed that a trade organization can lawfully create rules. NAR illustrated how trade associations are legal and serve important purposes, including for consumers. It is common practice for trade associations to meet or talk amongst the industry and adopt a rule or industry standard. And membership is voluntary.
NAR showed that there is no harm to sellers. NAR doesn’t tell people what to charge or to receive a commission. NAR rules are very intentionally pro-consumer and pro-business competitive, and buyer brokers exist because consumer protection agencies thought they were important.

Jury deliberation begins Tuesday.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 27, 2023

On Friday, four more witnesses took the stand for the corporate defendants. The trial will continue Monday morning with one more witness expected, followed by closing statements, jury instructions and then jury deliberation, which could begin as soon as Monday afternoon. A verdict could then be delivered at any point and likely sometime next week.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 26, 2023

Thursday, four additional witnesses took the stand for the corporate defendants.

Video testimony of Scott Trupiano, a withdrawn plaintiff, detailed his experiences both purchasing and selling homes. Trupiano recounted how he was very satisfied with his real estate agent and worked with her as both a seller agent and buyer agent for three separate transactions. Trupiano agreed to the terms of the listing agreement each time and rated his agent a 9 out of 10 on each transaction, sharing how he valued the services she provided.

David Stevens, who previously served as Assistant Secretary of Housing and Federal Housing Commissioner for the U.S. Department of Housing and Urban Development (HUD) and oversaw FHA programs for Single and Multi-Family Housing, discussed why the current compensation model is not only helpful for both home sellers and buyers, but particularly first-time buyers:

Most first-time home buyers are cash constrained and requiring them to also pay for the buyer agent commission could force them to put down less for a down payment or forego professional services needed for one of the biggest purchases they’ll make in their lifetime.
Home sellers benefit from the offer of compensation because it ensures the seller will receive the most qualified buyers and the best offer.
Buyer brokers’ expertise is needed now more than ever because it is hard to buy a home.
The compensation the listing broker pays to the buyer broker is always negotiable.

Dr. Lawrence Wu, President of National Economic Research Associates, also testified that:

There is no evidence of conspiracy because offers of compensation are decisions independently made between a home seller and a listing broker, and always negotiable.
The offer of compensation benefits sellers by ensuring they get more buyers to see their house and more competitive bids, and benefits buyers by ensuring they have more choices and access to professional representation.
No one gets paid until a property sale closes, which fosters competition and creates a marketplace where brokers are further motivated to always serve their clients’ best interests.
Even if the cooperative compensation rule was not in place, evidence shows that the practice of cooperative compensation would still exist because it is good for sellers and buyers.

Keller Williams plans to present their witnesses on Friday, with closing arguments by all parties likely to begin on Monday, followed by jury deliberations.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 25, 2023

On Wednesday, four witnesses took the stand for the corporate defendants who will continue presenting their case through the week. Defense expert witnesses are anticipated to take the stand tomorrow and closing arguments could be as early as Monday. HomeServices of America, Inc. filed a motion for mistrial, which the court denied.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 24, 2023

Tuesday the defense continued their case as NAR CEO Bob Goldberg completed his testimony and NAR Director of Engagement Rodney Gansho took the stand. Gansho explained how Multiple Listing Services (MLSs) and associated rules work and noted:

Local MLS broker marketplaces promote transparency, equity, and efficiency for the benefit of consumers and enable real estate professionals to better serve their clients.
Local MLS broker marketplaces determine their rules locally and decide whether to adopt provisions of NAR’s MLS Handbook, including those identified as “mandatory.”
Should a local MLS choose not to adopt mandatory provisions, it would need to purchase its own error and omissions insurance.
Local MLSs are responsible for enforcement of the rules it adopts.
Nothing in NAR’s MLS handbook requires sellers to do anything.
“Blanket unilateral offers of compensation” means the listing broker makes a one-way, initial offer (unilateral) that is the same (blanket) for any MLS participant who brings a ready, willing buyer. That offer can then be negotiated – and often is – at any point in the transaction.
The listing broker has fiduciary duties to the seller and the buyer broker has fiduciary duties to the buyer, and no one makes any money unless there is a successfully transaction and the property sells.
Sellers determine which real estate professional to work with, and whether to even work with one.
At the outset of the transaction, sellers determine how much they will pay for a real estate professional’s services, which is then memorialized in the listing agreement between the seller and the real estate professional.
The NAR Code of Ethics requires REALTORS® to disclose to sellers any amount of compensation that will be offered to a buyer broker who brings a ready, willing buyer to successfully purchase the seller’s property.
The NAR Code of Ethics requires buyer brokers to inform buyers of all properties that meet their criteria, regardless of the offer of compensation being made to the buyer broker; and buyer brokers have options when they are not getting the cost of their services covered by the seller broker, including that the buyer can pay directly for the buyer broker’s services or the buyer can ask the seller to cover that cost.
The NAR cooperative compensation rule benefits sellers by exposing their home to every brokerage and real estate agent with ready, willing buyers to successfully purchase the buyer’s home. Buyers benefit because there is one centralized marketplace to go to, and they don’t have to pay out of pocket expenses, which means more buyers can afford a home and have more money to purchase a home, and sellers have a larger pool of buyers to purchase their home.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 23, 2023

Today, plaintiffs rested their case after presenting testimony from four more witnesses. In the afternoon, the defense began its case and presented NAR CEO Bob Goldberg. Goldberg shared the many functions and benefits of a trade association, and specifically how NAR works to protect, preserve, and advance homeownership, as well as to increase professionalism in the industry, and all for the benefit of consumers. NAR also presented Sharon Millett, NAR Past President and Chairperson of the 1991-92 NAR Presidential Advisory Group on Agency (PAG).

Millett explained:

The PAG found that buyers needed and wanted a loyal advocate to represent them in the transaction, as the market shifted from subagency to buyer agency.
The PAG’s charge and goal was to accommodate and encourage different forms of representation, placing a consumer’s freedom of choice as central to the PAG’s work.
The PAG didn’t focus on compensation, as the practice of offering cooperative compensation already existed in the marketplace.
The PAG’s work allowed the marketplace to evolve and to provide consumers greater choice, with today’s norm giving buyers the ability to work with a loyal buyer agent who puts their needs above anyone else’s.
Buyer brokers expend a significant amount of time and effort on behalf of their buyer clients and advise buyers on all aspects of the transaction, including helping buyers sort through the overwhelming amount of information available to consumers on the internet.
Listing brokers would still offer compensation to buyer brokers even if the NAR cooperative compensation rule did not exist because:

a. It is the best way to expose a seller’s property to the largest number of buyers.
b. If the seller’s broker isn’t offering enough to cover a buyer broker’s fees, buyers may pass over a property because cash-strapped

buyers can’t afford to cover the buyer broker’s fees on top of the significant amount of money it takes to purchase a home.
c. Sellers get better pricing offers and allows sellers to sell their home faster, as two brokers work cooperatively to achieve a successful

transaction for both the seller and the buyer’s benefit.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 23, 2023

On Friday, plaintiffs had three witnesses including one who talked about how commissions work abroad. Following are three perspectives about compensation and the consumer experience in other countries.

Local Broker Marketplaces: Insights From a Romanian REALTOR®(link is external) (Inman, September 2023)
Opinion: Is Israel Adopting the U.S. Real Estate Model?(link is external) (Real Trends, June 2023)
Why the U.S. MLS System Is the Envy of Other Countries(link is external) (Housing Wire, July 2021)

Plaintiffs are expected to conclude their case on Monday when the defense is expected to begin presenting its case.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 20, 2023

On Thursday, another seller member of the class and an economics professor testified as plaintiffs' witnesses. Some of the discussion centered on the compensation model in local MLS broker marketplaces. For context:

Agent compensation is set between brokers and their clients and always has been negotiable at any point in the transaction. Those costs are spelled out to buyers and sellers, and NAR doesn’t tell people what to charge. The NAR Code of Ethics also requires members to advise clients about cooperation and amounts of compensation to be offered.
Despite what may be months or even years of work, agents only get paid when a home is sold, and according to Real Trends(link is external) , commission rates have fluctuated over time and are well below where they were in the ‘90s.
The seller decides what fee they are willing to pay for their broker’s services and how much that listing broker should offer a broker who brings a buyer to close the transaction.
Because of this practice, sellers have access to the largest possible pool of buyers, and buyers get access to the greatest number of homes for sale in one place all in transparent and efficient virtual marketplaces.
Buyers also have the greatest chance to receive professional representation to guide them through the financial, legal and community complexities of buying a home in what is for many the single most complex and significant purchase they will make in their lifetime.
The future of that buyer representation is at risk in this case.

For more information: REALTOR® Magazine - Burnett Trial Preview

From Tracy Kasper, NAR President - Oct 19, 2023 1:03 PM

As you know, opening arguments began Tuesday and the plaintiffs are well on their way to presenting their case in the Burnett trial. As we've talked about before, the next few days will continue to be particularly tough as the focus is more exclusively on the plaintiff's arguments. Things are still on schedule for the defendants to present the pro-consumer, pro-business competition side of this case, as we rightfully refer to it, beginning next week.

With the media in full gear on coverage, we were disappointed to see a Wall Street Journal editorial that grossly mischaracterized what is at stake for consumers. I immediately wrote a letter to the editor (see also full text below) that the Wall Street Journal published that helped give the fuller story. Fortunately, there have been many more positive stories, on balance, about REALTORS®, local MLS marketplaces and NAR over the last year and leading into the trial. And outlets such as Housing Wire and Yahoo Finance are taking an objective, balanced approach to their trial reporting. That said, it's an imperative that we continue to get our voice into stories, and we will.

We also want interested members to know what resources they have. A reminder you can direct them to "Burnett Trial Updates" at www.nar.realtor/competition-in-real-estate . In addition to timely updates, they will find the overarching NAR position and pre-trial REALTOR® Magazine there too. See also things like the newly added Consumer Testimonials at the site that provide anecdotes of real people who've had real experiences with REALTORS® and how local MLS broker marketplaces work. Traffic has been markedly up at the site and would encourage you, other members and interested parties to keep looking there for quick facts, infographics, fact sheets, videos and other content they can refer to or distribute. There is also realestatecommissionfacts.com , which is a good one-stop shop to direct consumers or others to for a better understanding about the basics of how compensation works. We've also been distributing social media content through state and local associations to reach members and the general public where they really are day to day.

All these tools and information are great, but I will say that there's nothing more authentic and true to who we are as REALTORS® and all we do than the one-on-one experiences, connections and conversations each of us with our clients and other people in the community. Each of those moments taken collectively are at the heart of our reputation and who we are. I appreciate all that each of you and all of our members do to represent REALTORS® each day. We know how much and how hard we're working for our clients every day, and I know that shows through.

Thank you all! Tracy

Realtors Respond on the Antitrust Case:

'The market-and hence the consumer-is in the driver's seat when it comes to real-estate commissions.'

Oct. 18, 2023

Your editorial "Realtors Face an Antitrust Reckoning" (Oct. 16) mischaracterizes what is at stake for consumers in Burnett v. National Association of Realtors. Don't fall for the hype by class-action attorneys about how local multiple-listing service (MLS) broker marketplaces work.

In response to the marketplace, and at the urging of consumer advocates, the National Association of Realtors has developed guidance for local MLS broker marketplaces. It is part of a very public rule-making process aimed at creating the most consumer-friendly market possible.

These virtual marketplaces are efficient, transparent and accurate because of cooperation among real-estate professionals. Listing brokers make offers of compensation to buyer brokers, who bring buyers to the table. Those offers can be of any amount, even zero, and the National Association of Realtors doesn't tell practitioners what to charge.

That compensation is set between the brokers and their clients and is always negotiable. According to Real Trends, commissions rates are well below where they were in the 1990s.

Realtors deliver a lot of value for the $50,000 they make annually, on average, as they guide consumers through all the legal, financial and community complexities of buying a home. Class-action attorneys would take away buyer representation, and black, Hispanic/Latino, first-time and low- and middle-income buyers would be hurt the most, according to a May 2022 study.

The National Association of Realtors looks out for consumers with its rules for local MLS broker marketplaces. In reality, the market-and hence the consumer-is in the driver's seat when it comes to real-estate commissions. That will all be evident as the National Association of Realtors makes its case in court.

Tracy Kasper

President, National Association of Realtors

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 19, 2023

NAR Position : In response to the marketplace, NAR has developed guidance for local MLS broker marketplaces that supports consumers getting comprehensive, equitable, transparent and reliable home information while brokerages of any size, service or pricing model get a fair shot at competing. The result is an efficient model for brokers to serve sellers and buyers and to enable market-driven pricing and buyer representation for consumers. REALTORS® adhere to a strict Code of Ethics and bring incredible expertise to guide consumers through the financial, legal and community complexities of buying or selling a home.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 18, 2023

On Wednesday, three members of the class took the stand to testify as to their experience as home sellers, along with other Plaintiff’s witnesses. In addition, the plaintiffs’ attorneys presented recorded video deposition testimony from three NAR witnesses who discussed NAR MLS guidance, including The Clear Cooperation Policy.

The Clear Cooperation Policy (CCP) ensures brokers and agents serve the best interest of consumers and promote equal opportunity for all. The CCP advances equal access and opportunity in housing by ensuring listings are widely available and accessible to all consumers and requires MLS participants to submit their listings within one business day of marketing the property to the public. Without the protections from the CCP, consumers would be disadvantaged because agents could refuse to give agents or customers access to those listings.
The CCP is especially important in competitive markets where properties sell extremely fast, and to help inoculate against circumstances in which properties are publicly marketed to limited groups of people.
CCP was enacted in response to concerns about confusion in the marketplace about the availability of properties – often to the disadvantage of both home buyers and sellers. Brokers and local MLS broker marketplaces across the country asked NAR to consider a policy reinforcing the pro-consumer, pro-competitive benefits of listing a property in local MLS broker marketplaces.

Shared on https://www.nar.realtor/competition-in-real-estate on Oct 17, 2023

Tuesday plaintiffs, co-defendants and NAR outside counsel, Ethan Glass, presented opening remarks in the case of Burnett et al v. National Association of REALTORS® et al. Glass noted that:

NAR rules are made as part of a very public rule-making process and are persistently and publicly shared and available.
The compensation rule ensures the buyer broker knows what they will be paid before they commence work and that buyers can afford representation.
Plaintiffs envision a world where there is no buyers’ agent and buyers would have to go it alone in what is the single most complex and significant purchase most people will make in their lifetime.
If buyers had to pay out of pocket for representation, that would reduce the number of buyers and the money buyers have to purchase homes from sellers.
NAR does not seek, track, receive or set commissions for buyers’ or sellers’ agents. Agent compensation is set between brokers and their clients and has always been negotiable at any point in the transaction, as set forth in NAR’s publicly available guidance for members. And those costs are spelled out to buyers and sellers.
Every plaintiff in this case knew the commission they were paying to their agent and agreed to it in writing.
Article 1 of the NAR Code of Ethics requires a REALTOR® to “protect and promote the interests of the client.” NAR also has rules that prohibit antitrust behavior.

From Tracy Kasper, NAR President - Oct 16, 2023 8:51 AM

The Burnett v. NAR et al trial is underway with jury selection happening today and opening remarks expected to begin Tuesday. I wanted to send this note as a reminder of the high-level updates NAR will be providing on the trial at the competition.realtor homepage under "Burnett Trial Updates" and our overall communications approach during the trial.

We've already published a pre-trial summary of what to expect at REALTOR® Magazine and at the conclusion of the trial, another article will summarize the outcome. These are good resources to explain to interested members what's going on in more depth. NAR is not otherwise planning more detailed day-to-day updates during the trial. As defendants in this case, we are inherently more vulnerable to negatively affect the arguments our lawyers are making in court by saying more publicly. It is a best practice that we don't litigate the details of what's happening in the trial outside the courtroom, and we need to abide by that here.

We know some media outlets are likely to report on the trial every day and may even be there live. We also know there are some who may present the information in a sensational way. NAR will, of course, share statements, provide context and correct gross misinformation with the media. But please be reminded and encourage everyone to not get caught up in those daily speculations and commentary. Plaintiffs will present their case first and for several days, so you should expect the coverage to be critical as it reports the plaintiffs' position. Defendants will present our case beginning next week. At the conclusion of trial, the jury will deliver a verdict at which point there will likely be years-long appeals before there is a final outcome. So, yes, there will be short-term news, but we all also need to stay grounded in what will necessarily be a longer-term view.

The NAR legal team and outside counselors have been preparing for this moment for a long time and are confident as they plan to present the absolute strongest pro-consumer, pro-business competition case at trial. I appreciate your support, patience and understanding as we navigate through this moment knowing NAR always has and always will be on the side of consumers and competition.

Thank you, Tracy

2023 LR Leadership Graduates

Fri, 13 Oct 2023 18:36:38 GMT

Louisiana REALTORS® is proud to announce another graduating class of LR Leadership participants. Nineteen (19) candidates now join the ranks of over 300 leaders before them. "It is such an exciting thing to see how many bright and dynamic leaders emerge from this program every year. These professionals are dedicated to the real estate industry, their clients, and are committed to becoming stronger leaders in their communities," said Norman Morris, CEO.

The 2023 LR Leadership graduates include:

Robbie Breaux, Robbie Breaux Team EXP Realty - Lafayette
Charles Ditch, Keaty Real Estate Team - Lafayette
Nicholas Galiano, Galiano Realty - New Orleans
Julie Ann Hansen, DB Real Estate - Monroe
Juli Jenkins, Keller Williams Realty First C - Baton Rouge
Jennifer Keller, LATTER & BLUM - Metairie
Cheryl Leatherwood, RE/MAX Professional - Baton Rouge
Jenny Lendle, GL Realty Group, LLC - Luling
Cameron Lombardo, RE/MAX Commercial Brokers, Inc - Metairie
Kishment McCloskey, Dwight Andrus Real Est Agency - Kaplan

Danette McManus, Flavin Realty, Inc. - Lake Charles

Sonya Moncrief, EXP Realty, LLC - Cottonport

Virginia Rachal, Keller Williams Cenla Partners - Alexandria

Summer Richard-Boudreaux, Castle Real Estate - Lake Charles

James "Wayne" Setliff, Keller Williams Realty Professionals - Slidell

Erika Sluss, Southwest Louisiana Association - Lake Charles

Lynette Thomas-Brumfield, Homesmart Realty South - Gonzales

Beverly Tynes, LATTER & BLUM INC - Slidell

Shelly Wagner, Shelly Wagner & Associates - Shreveport

Getting to Home Study Results

Tue, 03 Oct 2023 21:49:51 GMT

A Snapshot of Homeownership Opportunity in Louisiana

This statewide study, Getting to Home: A Snapshot of Homeownership Opportunity in Louisiana, was conducted in the summer of 2023 by the Louisiana REALTORS®, and was funded in part by the Louisiana REALTORS® Political Action Committee. SSA Consultants of Baton Rouge conducted the study.

The general focus of the study was barriers to homeownership and the design included a foundational set of four online surveys and a series of 31 individual interviews to capture the insights and perspectives of REALTORS®, including agents, brokers, and appraisers, mortgage banking professionals, and land title professionals actively working in Louisiana’s housing market. The study began in April 2023 and was completed in September 2023. The study findings include the following priority issues.

Interest Rates

The spike in mortgage interest rates since the fourth quarter of 2021 is recognized as a substantial barrier to homeownership. Study participants also recognize that the historically low interest rates enjoyed during the years of the pandemic are constraining the homebuying market today. Participants though, understand interest rates as a national commodity that rises and falls with national economic trends and federal policy. Consequently, the survey results include some cautious optimism that mortgage rates will peak and then moderate as the national inflation rate declines.

Homeowners Insurance

Dramatically increasing homeowners insurance premiums are recognized as a substantial barrier to homeownership. Study participants possess a solid understanding of homeowners insurance as a state-regulated product, the cost of which is influenced by state laws and regulations, and Louisiana’s geographical risks (i.e., hurricanes and floods). The rising costs of homeowners insurance is uniquely worrisome to study participants, because, unlike the interest rate issue, they are less certain about how the market for homeowners insurance improves and prices moderate. Study participants question if Louisiana can or will make meaningful change.

Flood Insurance

Dramatically increasing flood insurance premiums is recognized as a substantial barrier to homeownership. The study results indicate a solid grasp of flood insurance as a federal program (National Flood Insurance Program or “NFIP”) vital to insuring flood risk homes across Louisiana. Study results also indicate a general confusion and frustration with the Risk Rating 2.0 program changes.

The Affordability Problem

Affordability is the umbrella problem created by the current challenges with interest rates, homeowners insurance, and flood insurance, combined with the additional present barriers of general inflation, increasing home prices, and the lack of affordable housing choices/inventory. Study participants recognize that the affordability problem falls most heavily on young first-time homebuyers and other potential homebuyers seeking to buy in the lower price ranges.

You can view the results from the study by clicking here .

PAR Louisiana Guide to the 2023 Constitutional Amendments & Webinar

Fri, 29 Sep 2023 12:00:14 GMT

PAR Louisiana, the private, nonprofit research organization, has released their Guide to the 2023 Amendments . The document covers the potential impact of eight constitutional amendments the public will consider on the Oct. 14 and Nov. 18 ballots. This nonpartisan, educational review helps you understand the issues and proposed changes so you can develop your own positions on each proposition.

Click the documents below to review:

PAR Guide to the 2023 Constitutional Amendments

One-Page PAR Guide to the 2023 Constitutional Amendments

Additionally, PAR Louisiana will be hosting a webinar “The PAR Perspective: 2023 Constitutional Amendments Explained” on Wednesday, October 4 ^th at 12:00 PM , to take a deep-dive into the amendments on the ballots.

Join PAR along with Daniel Erspamer, CEO of the Pelican Institute for Public Policy; Barry Erwin, President of the Council for a Better Louisiana; and Jan Moller, Executive Director of the Louisiana Budget Project, for an in-depth discussion about this year's proposed amendments.

October 2: Louisiana Fortify Homes Program Opens Eligible Homeowners Insured by Louisiana Citizens

Thu, 28 Sep 2023 15:39:37 GMT

ACT NOW!

The Louisiana Fortify Homes Program will open its first round of grants for Louisiana Citizens policyholders at noon on October 2 . Homeowners who are interested in the program are urged to create a profile before October 2.

Once the Program begins to accept applications on October 2, Louisiana Fortify Homes Program grants will be available only to policyholders who have insurance through Louisiana Citizens Property Insurance Corporation. Homeowners who apply for a grant without having insurance coverage through Citizens will be removed from the offering. Grants will be opened to all homeowners later this year. In this first round, only 500 grants will be awarded, and on a first-come, first-served basis.

The program will provide grants of up to $10,000 for homeowners to repair or replace their roofs to the FORTIFIED Roof™ standard of the Insurance Institute for Business & Home Safety (IBHS). More information is available at www.ldi.la.gov/fortifyhomes . Those interested in the program are encouraged to review eligibility information and frequently asked questions on the website to determine whether their home meets the requirements for the program.

Homeowners are required to create a profile in the LFHP system before applying for a grant and may do so by visiting www.ldi.la.gov/fortifyhomes . LFHP staff expect all available grants to be awarded quickly, so eligible homeowners should attempt to apply as quickly as possible once the application window goes live at noon.

“The best way we can prepare for hurricanes and other severe weather is to use stronger materials and construction methods when building and repairing our homes,” said Commissioner Donelon. “Grant recipients can also take advantage of our new law requiring insurers to provide a premium discount to policyholders with FORTIFIED roofs.”

The LFHP currently has enough funding to award approximately 3,000 grants. The first half of those grants will be limited to Citizens policyholders. The remaining grants will be available to all eligible homeowners across the state.

“Limiting the approximately 1,500 grants to Louisiana Citizens will provide relief to those policyholders who are paying the highest premiums and will help depopulate Citizens, which is in the best interest of all property insurance policyholders in Louisiana,” said Commissioner Donelon.

Eligibility Requirements:

Homeowners are only eligible for their primary residence and must verify they have a homestead exemption on the property during the application process.
Homeowners must provide proof of an active residential insurance policy with wind coverage. If they live in a Special Flood Hazard Area as designated by FEMA, they must also provide proof of a flood insurance policy. Contact your agent if you are unsure whether you have these coverages.
New construction homes, condominiums and mobile homes do not qualify.
Homes on a foundation constructed of unrestrained stacked masonry or stone (dry-stack foundation) are not eligible without an approved retrofit of the foundation.
Homes must be in good repair as determined by a FORTIFIED™ Evaluator. Homeowners are responsible for paying the evaluation fee, which is typically between $300 and $500.
Grant funds are paid directly to contractors. Homeowners are financially responsible for all costs beyond the full grant amount. Grant funding is limited to construction costs.
These and all other eligibility requirements and program details may be reviewed at www.ldi.la.gov/fortifyhomes .

Louisiana Fortify Homes Program Launches October 2 for Eligible Homeowners Insured by Louisiana Citizens

Fri, 15 Sep 2023 02:03:01 GMT

Applicants Strongly Encouraged to Review Eligibility Information Before Applying

Commissioner Jim Donelon announced September 13, 2023, that the Louisiana Fortify Homes Program (LFHP) will open its first round of grants at noon on October 2. Homeowners must have a policy with Louisiana Citizens Property Insurance Corporation to apply for one of 500 grants available in the first round. Grants will be awarded on a first-come, first-served basis.

Homeowners are required to create a profile in the LFHP system before applying for a grant and may do so by visiting www.ldi.la.gov/fortifyhomes beginning September 13. LFHP staff urge homeowners who are interested in the program to create a profile before the grant application period opens on October 2, as homeowners will need to log in to their profile before applying. LFHP staff expect all available grants to be awarded quickly, so eligible homeowners should attempt to apply as quickly as possible once the application window goes live at noon.

Eligibility Requirements:

Homeowners are only eligible for their primary residence and must verify they have a homestead exemption on the property during the application process.
Homeowners must provide proof of an active residential insurance policy with wind coverage. If they live in a Special Flood Hazard Area as designated by FEMA, they must also provide proof of a flood insurance policy. Contact your agent if you are unsure whether you have these coverages.
New construction homes, condominiums and mobile homes do not qualify.
Homes on a foundation constructed of unrestrained stacked masonry or stone (dry-stack foundation) are not eligible without an approved retrofit of the foundation.
Homes must be in good repair as determined by a FORTIFIED™ Evaluator. Homeowners are responsible for paying the evaluation fee, which is typically between $300 and $500.
Grant funds are paid directly to contractors. Homeowners are financially responsible for all costs beyond the full grant amount. Grant funding is limited to construction costs.
These and all other eligibility requirements and program details may be reviewed at www.ldi.la.gov/fortifyhomes .

The Time is Now to Renewal Your License

Fri, 01 Sep 2023 18:33:28 GMT

The Louisiana Real Estate Commission License Renewal Is Upon Us

Effective April 1st, 2022, Act 193 of the 2021 Regular Legislative Session became law thereby changing your license renewal period. To renew your license with the Louisiana Real Estate Commission on-time, without late fees, please do so by September 30th.

On-Time Renewals: August 1 - September 30, 2023

First Delinquent Period: October 1 - November 15, 2023

subject to a $50 delinquent fee

Second Delinquent Period: November 16 - December 31, 2023

subject to a $200 delinquent fee

After December 31st, non-renewed licenses will be expired and renewals will be treated as new applicants. As a reminder, current licensees do not need to complete the fingerprint-based criminal history review in order to renew your license.

Continuing Education Requirement:

The continuing education (CE) requirement of 12 hours for license renewal remains in place and must be completed by December 31, 2023.

You may renew your license prior to completing your education. Failure to complete CE by the December 31 deadline will be considered a violation of LREC law and rules and you will be subject to the annual continuing education audit and a possible fine.

Licensees are also required to prove that they have purchased Errors and Omissions coverage for January 1, 2024 – December 31, 2024. This can be done either by selecting the LREC group insurance policy or submitting an Independent E&O Coverage form and a copy of your policy declaration page during renewal.

Have Questions? Visit lrec.gov/renewal-faqs or email info@lrec.gov

Ignite Others High School Financial Literacy Program

Fri, 25 Aug 2023 22:31:25 GMT

REALTORS® will light the way for high schoolers across the U.S. by bringing financial literacy into classrooms—from budgeting and borrowing to credit scores. Students will gain the knowledge, skills and tools they need to manage financial resources effectively, planting the seeds for future homeownership and a lifetime of financial well-being. Sign up for the Ignite Others High School Financial Literacy Program by October 15th to inspire future leaders in your community and shape a stronger future.

Watch this video to learn how you can make a difference in your community.

There are 413 high schools in Louisiana and we need YOU to help inspire a generation. Share your industry experience and have an impact on the community.

The Benefits of Marketing and Advertising Courses for REALTORS®

Wed, 16 Aug 2023 21:02:42 GMT

It's critical for REALTORS® to have a strong marketing and advertising presence in today’s market. REALTORS® can gain the knowledge and insight needed to reach a larger audience and generate more prospects by enrolling in marketing and advertising classes where they can discover the latest trends in real estate marketing.

What Can Marketing Courses Provide for REALTORS®

The real estate market is continuously evolving, so it's critical for REALTORS® to be informed of the most recent developments. Courses in marketing and advertising can teach REALTORS® new marketing techniques and approaches that will help them reach their target market.

Increased Lead Generation

REALTORS® can learn how to create efficient marketing strategies that connect with their target demographic and increase lead generation.

Greater Brand Awareness

Marketing and advertising training can assist REALTORS® in establishing a strong local brand presence. This can help them stand out to potential customers.

Enhanced Credibility

REALTORS® can learn how to make marketing materials that provide expertise and education. By doing so, credibility can be increased, as well as the trust gained by potential clients.

Improved ROI

REALTORS® can learn how to develop marketing strategies that are effective and efficient by enrolling in marketing and advertising courses. This can enable them to increase the return on their marketing investments and maximize their savings.

Taking marketing and promotion classes is a way to expand your client base. You can get the skills necessary to design successful marketing strategies that will increase leads and revenue by learning the most recent trends and best practices.

What Courses are Most Beneficial for REALTORS®

Depending on you skill set, experience, and comfort level, there are several different types of online and live courses that can benefit your marketing efforts as a REALTOR®.

Digital Marketing Courses

These programs can show REALTORS® how to reach their target market by utilizing digital marketing tools like social media, search engine optimization (SEO), and pay-per-click (PPC) advertising.

Courses on Content Marketing

These programs show REALTORS® how to produce and disseminate useful material that will engage and attract potential clients.

Courses on Email Marketing

These programs can show REALTORS® how to use email marketing to maintain contact with potential customers and develop leads.

There are numerous online and offline resources available if you're interested in pursuing marketing and advertising courses specifically designed for REALTORS®. Additionally, there are lots of excellent courses that real estate associations and companies offer.

2024 LR President Graces Cover of SB Magazine

Mon, 14 Aug 2023 21:49:49 GMT

Did you get your copy of the August issue of SB Magazine ? If so, you might've seen a familiar face on the cover. The incoming 2024 President of your very own Louisiana REALTORS® was interviewed on her journey to becoming the first female LR President from the Northwest Louisiana Association of REALTORS®. Pick-up your copy or read the article online today!

The Benefits of General Business Courses for REALTORS®

Sun, 13 Aug 2023 14:45:00 GMT

.REALTORS® must have a solid grasp of business fundamentals. These skills can be acquired by taking general business courses and can result in creating, growing, and maintaining a prosperous real estate career. Here are a few of the advantages that general business courses can provide for REALTORS®.

Enhanced Business Sense

The basics of business, including financial management, marketing, and sales, can be helpful to REALTORS® with the aid of general business courses. REALTORS® can use this information to improve business decisions and expand their operations.

Improved Negotiating Skills

REALTORS® can learn successful negotiating techniques through general business courses. For REALTORS® who have to negotiate contracts with buyers, sellers, and lenders, this is a critical skill.

Enhanced Communication Abilities

REALTORS® can enhance their communication skills . For REALTORS®, effectively interacting with clients, coworkers, and other professionals is essential.

Enhanced Market Awareness

These courses can assist REALTORS® in staying current on market conditions and trends. REALTORS® can benefit from this knowledge by making better decisions for their clients.

Improved Professional Image

REALTORS® who enroll in general business courses will come across as more credible to clients and peers. Building reputation and trust in the community can help REALTORS® gain more clients.

Taking general business classes is an excellent option for advancing your abilities and knowledge.

Along with the benefits mentioned above, general business courses can assist REALTORS® in developing the following competencies:

Management of time
Project administration
Problem-solving
Decision-making
Teamwork
Leadership

These abilities are necessary for anybody who wants to succeed in business, but they can be especially useful for REALTORS® who manage a variety of relationships and juggle various activities.

Join the Ride

Tue, 01 Aug 2023 19:29:31 GMT

What is Riding with the Brand ?

Riding with the Brand is a national tour by NAR designed to mobilize members, spur conversations with policymakers, recognize what a great job REALTORS® do to ensure their clients' success and acknowledge what a difference REALTORS® make in the communities they serve.

Our stop on Tuesday, September 19 , at the Shreveport Convention Center as part of the Louisiana REALTORS® Fall Governance Meetings is an opportunity to engage with more than a dozen statewide candidates for elected office, including our gubernatorial candidates, on key issues impacting the real estate market and homeownership in our state.

At RWTB, you can also:

Get the inside scoop on the results from the "Getting to Home" statewide study on issues affecting Louisiana homeowners.
Climb aboard the Riding with the Brand bus and get a close-up look at the custom REALTOR® motorcycle.
Connect with members of NAR’s leadership team!
Hang out with fellow REALTORS®, your association executives and community leaders.
And win prizes!

Get more details: https://www.larealtors.org/rwtb

4 Reasons Home Buyers and Sellers Need a REALTOR®

Fri, 28 Jul 2023 15:22:57 GMT

Every now and then we need an expert’s opinion, advice, and direction. Does your knee hurt after a basketball game? Go see a doctor. Car won’t start? Go see a mechanic. Looking to buy a house? Go see a REALTOR®. The first two scenarios play out that way more often than not, however all too often the third situation is handled in a different manner. Of course the inner workings of a knee or an engine can easily intimidate even the savviest person, but the inner workings of a real estate deal can be just as complex. The following four reasons explain why both home buyers and sellers need a REALTOR®.

The Power of Search

Google has put all of the information in the world at our fingertips. And while real estate listings are accessible online to anyone, REALTORS® have even more access. Not only can they easily acquire the most up-to-date listings, but they can also find properties that aren’t being advertised. REALTORS® are also going to be the experts in your search area, guiding you to find that perfect neighborhood.

REALTORS® Code of Ethics

What sets a REALTOR® apart from a real estate agent? The strict standards and code of ethics from the National Association of REALTORS®. These standards and codes mean that your REALTOR® will always act with your best interest in mind.

Skilled in Negotiation

There are a number of variables that go into the price and cost of both selling a home and purchasing one. Between bidding wars and competition, negotiations can be intense. Luckily a REALTOR® is a savvy negotiator with both the experience and knowledge to deliver the best option to you. Acting without this valuable resource could cost you thousands.

Industry Expertise

The real estate world is full of acronyms and jargon that can make your head spin. This unique language, coupled with the forms and documents required can make buying or selling an overwhelming task. Thankfully REALTORS® understand what needs to be done, how to communicate it, and most importantly can prepare the best deal for you while avoid costly delays and mistakes.

While these are only a few of the reasons any home buyer or seller should leverage the power and expertise of a REALTOR®, they can make this process a smooth and successful one.

Active Listening Skills for REALTORS®

Mon, 24 Jul 2023 12:00:02 GMT

Active listening is an acquired skill that focuses on fully concentrating on what someone is saying. It involves using all of your senses, not just your ears. It’s very easy to passively listen, where you simply attempt to pick up the general theme of what is being said. This may happen as you think of the next thing you want to say in response, or from a simple distraction. In a line of business where understanding what your clients want and need , real estate, listening is an absolutely vital skill. Because this skill is so valuable, how can you sharpen it? Here are 7 ways to hone your active listening skills.

Never Interrupt

One of the quickest ways to derail a conversation is with interruption. Cutting a conversation off to interject, even if politely, means that you typically were looking for your next opportunity to speak. This means that you weren’t fully taking in the information from the other end of the conversation. It also means that you may be missing out on critical information that was yet to be presented.

Maintain Eye Contact

Studies have shown that over 90% of communication is non-verbal. Maintaining eye contact allows you to pick up on many social cues that you may miss otherwise. Eye contact shows that you respect and are engaged in what your client is saying. It also makes it more difficult for your mind to wander, keeping you focused on what is being said.

Pick Up on Emotional Clues

Helping someone buy or sell a home is an emotional transaction. Paying attention to their mood and demeanor can help you read between the lines and get the most out of any conversation. Excitement and anxiety can completely change the context of any conversation, providing you with much more insight than if you are just simply listening to their words.

Focus on the Exact Words and Language Being Used

Whether you are talking about financing, location, escrow, floor plans, or anything else, paying attention to the words and terminology being used can give you a distinct advantage. Not only does this attention to detail enhance your focus and show that you are truly listening; it can help you find additional information based on how your client is speaking. You can identify unspoken concerns and unknown goals that you use to provide better service.

Take Notes

Taking notes provides a resource that you can use throughout your relationship with your client and beyond. Some people hear, engage, and remember details better as they write. Whether your conversation is face-to-face or over the phone, jotting down key points personifies your engagement and provides a record for which to refer.

Ask for an Elaboration if What Was Said Was Unclear

You may want to present the appearance that you hear everything the right way the first time, but that’s typically not the case. If something is said that is unclear or you don’t quite understand, ask for clarification. Going off of a misunderstanding can be a tremendous mistake. You can nip this potential disaster in the bud by asking for more information. It also shows that you are listening and want to provide the best service possible.

Leverage Listening Responses

Listening responses can help you maintain your focus, they also provide an audible reassurance to your client that you are engaged. Responses like “yes”, “I see”, “go on”, and more can be helpful checkpoints throughout a conversation.

These are only a few things that can make your ears an even more valuable tool. Gathering, organizing, and implementing the information you receive from your clients can go a long way in creating a successful and enjoyable experience for everyone involved.

Now Accepting: 2024 Board of Directors Applications

Fri, 21 Jul 2023 13:00:02 GMT

The Louisiana REALTORS® Board of Directors will elect six (6) LR At-Large Directors at its September 20th meeting. Qualifications and an application for the position can be found below.

LR At-Large Directors

According to the Louisiana REALTORS® Constitution & Bylaws, any member who is a REALTOR ® in good standing for five (5) consecutive years is eligible to apply.

Once elected, Directors must complete at least one Louisiana REALTORS®-offered Board Orientation prior to attending their first meeting.

If you are interested in serving as a Louisiana REALTORS® Director At-Large, please complete the application form below on or before August 21, 2023.

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REALTOR® Communication Strategies: Communicating with Different Audiences

Wed, 19 Jul 2023 16:30:44 GMT

Having strong communication skills is one of the biggest assets that a REALTOR® can have. However, it is important to know that not all communication is created equal. Understanding who you are speaking to, the information that is important to them, and how they prefer to be communicated with is critical in avoiding mistakes and engaging everyone that you speak with. In the real estate sector, you interact with a variety of different people, and they are all different. Even your clients; buyers and sellers have different wants, needs, and expectations from you. The same is true for the various industry professionals that you’ll cross paths with on a frequent basis. Let’s take a closer look at how you communicate best with your different audiences.

Improved Communication with Your Buying Clients

For home buyers , especially first-time home buyers, patience and education are essential. Because you, as a REALTOR® have handled dozens, hundreds, maybe even more transactions, it can be easy to overlook why and when certain things are happening. Staying in constant communication with these clients and being responsive to questions or uncertainty is what will set you apart as a knowledgeable and professional fiduciary for your clients.

Improved Communication with Your Selling Clients

Your home selling clients will need to be interacted with in a different way. Their perspective and objectives will be different from your purchasing clients. It is critical to set expectations and communicate how the market will consider their home and its value, which will likely be different from how they see it. Furthermore, it is important to help your client understand what the potential outcomes could be once their house hits the market. Outlining the need for flexibility and keeping an open line of communication can help to mitigate risks and issues down the road, helping to ensure the best outcome possible for your client.

Improved Communication with Your Professional Colleagues

Your role as a REALTOR® means that you will interact with many other professionals, all of whom play a role in your clients’ transactions. From other real estate agents and lenders to inspectors and appraisers, communicating professionally and respectfully is critical. Because each party will be engaged at different points of the process, it is important to know when and how to reach out and share information that is in your client’s best interest.

Save on Your Summer Reading

Tue, 18 Jul 2023 17:45:45 GMT

There’s still time! From now until July 24th, enjoy up to 20% off select products during the 2023 Summer Sale. Access discounted resources to grow your business and stay ahead of market trends.

Your REALTOR ^® Store has everything you need—from best-selling publications to revenue-generating webinars. Get the member advantage and enjoy exclusive pricing on products designed just for you and your needs. Sale price is automatically applied in the cart and runs through July 24, 2023.

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How REALTORS® Can Assist First-Time Homebuyers in Achieving Their Dreams

Wed, 28 Jun 2023 19:42:31 GMT

A thrilling life milestone, especially for first-time homebuyers, is buying a home. But without the correct assistance, navigating the complicated real estate market may be intimidating. This is where seasoned REALTORS® step in, acting as reliable consultants who provide crucial support throughout the home-buying process. We'll look at how REALTORS® can make first-time homebuyers' aspirations of owning a home a reality in this blog post.

Educating First-Time Homebuyers

First-time homeowners need to be informed about the real estate market and the purchasing process, which is where REALTORS® come in. They take the time to comprehend the preferences, spending limits, and needs of the customers. REALTORS® can aid purchasers in making educated judgments by imparting their knowledge. They ensure that homebuyers have the information they need to make informed decisions by outlining the various property types, financing options, and legal processes involved.

Assisting with Financial Considerations

Financial worries can be a substantial cause of worry for many first-time homebuyers. REALTORS® can put purchasers in touch with reliable financial consultants and mortgage lenders to help them determine their financial capacity. They help customers comprehend the different mortgage options and establish a proper budget as they walk them through the pre-approval procedure. REALTORS® can offer useful guidance on negotiating prices and financing arrangements because of their knowledge of market trends and property values. This helps to ensure that purchasers get the best possible deal.

Locating Suitable Properties

Finding suitable residences that fit a first-time buyer's wants and preferences is one of a REALTOR®'s main responsibilities. Real estate agents have access to vast databases and networks that offer current details on available listings. By doing property searches depending on the needs of the buyers, including location, size, amenities, and price range, they save purchasers time and effort. REALTORS® simplify the process and raise the likelihood of discovering the perfect house by providing a carefully curated list of homes.

Negotiating and Closing the Deal

For first-time buyers, the bargaining stage of the home-buying process might be scary. In order to obtain the best terms for their customers, REALTORS® negotiate skillfully on their behalf. They do this by using their understanding of the market, similar sales, and the history of the property. They manage proposals, counterproposals, and contingencies, making sure that the interests of buyers are safeguarded throughout the transaction. To guarantee a seamless closing process , REALTORS® also collaborate with other experts involved, such as home inspectors, appraisers, and attorneys.

Providing Post-Purchase Support

The closure of the contract does not represent the end of the REALTOR®'s obligations. They provide first-time homebuyers with crucial post-purchase assistance to ease their move into their new residences. If necessary, REALTORS® can recommend reputable builders, interior designers, or home improvement experts. They can also help with comprehending homeowners' associations, property taxes, and other ongoing duties related to homeownership. REALTORS® become trusted advisors for any future real estate requirements by developing long-term relationships.

The journey of purchasing a first home is made significantly easier with the assistance of a knowledgeable and experienced REALTOR®. From educating buyers about the process to negotiating and closing the deal, REALTORS® provide essential guidance every step of the way. Their expertise, industry connections, and dedication to client satisfaction make them invaluable resources for first-time homebuyers. With a REALTOR® by their side, buyers can navigate the complex real estate market with confidence, making their dreams of homeownership a reality.

2023 Broker Summit Recap

Fri, 23 Jun 2023 13:00:00 GMT

Louisiana REALTORS® hosts their Broker Summit conference in Houston, TX on June 14-15, 2023.

The two-day event hosted an amazing schedule that included education aimed specifically for Brokers, in addition to pertinent Association updates. Matthew Rathbun , real estate broker and speaker, delivered 11 hours of CE offered on technology use for communication and skills enhancement, as well as a session on setting up agents for success.

Lawrence Yun, Chief Economist for NAR®, provided attendees with a full summary of the current and forecasted mortgage rates, along with other economical factors. Those present also heard from Region 10 RVP Cindi Bulla with an update on everything NAR®.

The first day was capped off with a baseball game at Minute Maid park where Houston Astros defeated the Washington Nationals. The private party deck provided quite the space for an unforgettable view and experience with colleagues, friends and family.

Day two continued with an in-depth look at creating exit strategies for your business and determining value based on contributing internal and external factors. Jeremy Alford presented a full review of current Louisiana politics and a wrap-up of this year's Legislative Session.

The conference concluded with yet another networking opportunity offering crucial time for engagement.

Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Riding with the Brand Event in conjunction with our Fall Governance Meetings and Installation, September 19-20, 2023.

Take a peek of a quick recap on the conference in the photos below.

The Benefits of Homeownership: Building Wealth and a Strong Foundation

Thu, 22 Jun 2023 14:43:47 GMT

Being a homeowner represents stability, security, and a sense of belonging for many people, and it is an important life milestone. Beyond the psychological and emotional advantages, home ownership comes with a host of financial perks that support long-term wealth accumulation and personal development. We will examine the many advantages of homeownership in this blog, illuminating why buying a home is a wise financial decision.

Building Equity

The ability to accumulate equity is one of homeownership's most alluring benefits. The equity in your house is the sum of the market value less the outstanding mortgage balance. A percentage of your monthly mortgage payments is applied to lowering the principal balance, so raising your equity holding. Your equity may significantly increase over time as property values increase. Through refinancing, home equity loans, or credit lines, this equity can be used to obtain funds for a variety of uses, including investments, home improvements, and educational expenses.

Long-Term Financial Stability

Although renting could appear more adaptable in the short run, home ownership offers financial security in the long run. Owning a home gives you certainty in housing costs because your mortgage payments (depending on your loan conditions) stay largely constant. Renting , on the other hand, exposes you to yearly rent hikes, making it difficult to efficiently plan and budget. You have more control over your financial destiny when you own a home, which enables you to manage your resources wisely and concentrate on other investment options.

Tax Benefits

Numerous tax benefits of homeownership might lower your overall tax liability. You can frequently deduct mortgage interest and property tax payments from your federal income taxes. Additionally, you can qualify for capital gains tax exclusions if you sell your primary house and satisfy certain requirements, which could result in significant financial savings for you. To learn about the exact tax benefits that, given your location and circumstances, are available to you, speak with a tax specialist.

Freedom of Personalization and Control

Owning a home gives you the flexibility to customize and alter your living area to meet your requirements and preferences. Homeownership gives you the freedom to alter your living space, whether it be by remodeling the kitchen, adding a room, or establishing a lovely garden. You may design a room that expresses your distinct personality and way of life with this degree of control, which will increase your overall enjoyment with your house.

Legacy and Inheritance

Owning a home can be the starting point for creating riches that will last generations and leaving a legacy for your loved ones. Owning a home enables you to amass wealth that can be passed down to future generations because property values have a tendency to increase over time. You may give your family a significant asset that can support their stability and financial security by making an investment in homeownership.

Homeownership has several advantages to renting, while requiring careful planning, dedication, and responsibility. Owning a home is an investment that goes beyond monetary value because of equity creation, long-term financial stability, tax benefits, and the intangible benefits of belonging. It offers a strong foundation for developing personally, accumulating wealth, and finding a place to call home. When making decisions concerning homeownership, take into account the perks covered in this blog and move toward realizing the numerous advantages it can have on your life.

The Advantages of Buying a Home Versus Renting

Mon, 19 Jun 2023 17:17:42 GMT

You have many options when deciding where you want to live. Living downtown may be appealing to some, others may opt for a suburb, or you may want to call the country home. Once you decide on your ideal location, choosing between purchasing a home or renting is the most important consideration. While signing a lease offers ease and access to your address, homeownership is a cornerstone of the American dream, and in the long run, provides a variety of other benefits. Let’s take a closer look at how buying a home is the superior choice.

Make Your Home Your Own

Owning a home allows you to make all of the changes and renovations that you can imagine. Need extra space? Add on to your home. Need a more open floor plan? Take out that wall. Paint any color you’d like. Renting comes with very strict, if any, options for changing what currently exists. Even if you can make updates, you’ll be spending your money to improve someone else’s property.

A Fixed Rate Mortgage Makes Budgeting a Breeze

It’s likely that each new lease that you sign will be accompanied by a rent increase. This makes your cost of living more expensive, whether your income increases or not. However, with a fixed-rate mortgage, you can rest assured that your monthly payment will be consistent over the life of your loan. Furthermore, you can always pay more each month and accelerate your path to homeownership.

Owning a Home has Tax Advantages

Homeownership can also save you money during tax time. You can deduct the interest that you’ve paid on your mortgage each year. This is especially beneficial for new homeowners as the early years of your mortgage payments are primarily comprised of interest. You can also deduct any energy-efficient or environmentally friendly upgrades.

Home Ownership Provides a Built-in Savings Account

Every month you pay your mortgage, you are actually putting money into savings as an investment. As the balance of your mortgage decreases, the equity in your home increases with every payment. So, while there may be no balance sheet, you are actually keeping more money for the future each month.

When you factor in the steady monthly note of your mortgage, the different tax advantages available to homeowners, and the consistent increase in the cost of rent, owning a home actually costs you less in the long run. These are only a few of the things to keep in mind when you are deciding to purchase a home. The first decision you need to make is to entrust a REALTOR® to help you find your home.

Louisiana Housing Conference Returns This Fall

Mon, 19 Jun 2023 15:08:03 GMT

The Louisiana Housing Corporation welcomes the return of its Louisiana Housing Conference this September 24-26. The conference will take place at the Hilton Capitol Center on Lafayette St. in Downtown Baton Rouge.

LHC’s Executive Director, Joshua Hollins, says the organization “Has been intentional about creating pathways, developing stronger partnerships and exploring the possibilities that expand safe, resilient and affordable housing options across our state,” according to the conference website and slogan.

Those in attendance will range from developers, policymakers and advocates, elected and appointed officials, non-profit leaders, banking professionals and more.

Attendees will enjoy sessions on expanding homeownership opportunities, reducing homelessness and building housing that increases economic development, to name a few. LHC ensures their panel of experts and partners statewide will offer a unique setting for improving the lives of Louisiana residents and its communities.

To book a hotel room for the conference, click here .

To register for the Louisiana Housing Conference or for more information, click here .