Provide Your Input on the Residential Agreement to Buy or Sell & Residential Property Disclosure Forms
Louisiana REALTORS® • April 3, 2025
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.
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple joined Governor Jeff Landry and Senate Insurance Committee Chairman Kirk Talbot today to announce that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Governor Landry announced that $20 million from the U.S. Department of Housing and Urban Development will be transferred to the Louisiana Office of Community Development Restore Resilient Opportunities for Overhead Fortification (Restore ROOF) program to strengthen residential structures and reduce long-term disaster risk. Earlier this year, the Legislature passed a bill that allows $50 million in additional Katrina and Rita bond money from Louisiana Citizens Property Insurance Corporation to be added to the Department of Insurance’s Louisiana Fortify Homes Program (LFHP). Also beginning this year, LFHP is projected to receive approximately $30 million annually from taxes and fees the Louisiana Department of Insurance collects from the insurance industry. “Building stronger homes is a vital part of making homeowners insurance affordable in Louisiana,” said Commissioner Temple. “I appreciate Governor Landry’s leadership and support as we work with legislators like Chairman Talbot to make Louisiana a national leader in the adoption of Fortified roofs.” The Louisiana Department of Insurance (LDI) has finalized its promulgation of Regulation 136—Fortify Homes Premium Discounts. The purpose of Regulation 136 is to implement the statutory provisions set forth in La. R.S. 22:1483, et seq. , which require that all Louisiana property and casualty insurers provide premium discounts or insurance rate reductions for homes constructed or upgraded in accordance with the fortified standards created by the Insurance Institute for Business and Home Safety. View Regulation 136 here .
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