2016 Post Election Update
LOUISIANA REALTORS • December 1, 2016
2016 Post-Election Update
AMERICA ELECTED REPUBLICAN DONALD TRUMP AS OUR NEXT PRESIDENT, AND REPUBLICANS KEPT CONTROL OF BOTH THE U.S. SENATE AND U.S. HOUSE OF REPRESENTATIVES. REALTORS WILL CONTINUE TO BE FOCUSED ON REAUTHORIZING FLOOD INSURANCE AND MAINTAINING KEY PROVISIONS IN THE TAX CODE THAT IS ESSENTIAL TO A STRONG REAL ESTATE INDUSTRY SUCH AS THE MORTGAGE INTEREST DEDUCTION. IT IS EXPECTED THAT REPEALING OR AMENDING OBAMACARE IS AT THE TOP OF THE AGENDA IN 2017. IN LOUISIANA, WE HAVE 3 RUNOFF ELECTIONS. FOR THE U.S. SENATE, REPUBLICAN JOHN KENNEDY WILL FACE DEMOCRAT FOSTER CAMPBELL. IN THE 3RD CONGRESSIONAL DISTRICT, THERE IS AN ALL-REPUBLICAN RUNOFF BETWEEN SCOTT ANGELLE AND CLAY HIGGINS. IN THE 4TH CONGRESSIONAL DISTRICT, REPUBLICAN MIKE JOHNSON AND DEMOCRAT MARSHALL JONES ARE ON THE BALLOT. REALTORS SUPPORTED THE LOUISIANA DELEGATION MEMBERS WHO WON REELECTION IN THE HOUSE OF REPRESENTATIVES – STEVE SCALISE (R-LA01), CEDRIC RICHMOND (D-LA02), RALPH ABRAHAM (R-LA05), AND GARRET GRAVES (R-LA06). TWO LOUISIANA REALTORS RUNNING FOR LOCAL RACES IN EAST BATON ROUGE PARISH ALSO ADVANCED TO THE RUNOFF IN DECEMBER – STATE SENATOR BODI WHITE (R) WHO IS RUNNING FOR MAYOR/PARISH PRESIDENT AND DWIGHT HUDSON (R) WHO IS RUNNING FOR PARISH COUNCIL.
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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. 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: NEW: Real Estate Contract Contingencies Understanding Condo Ownership How to Protect Against Real Estate Wire Fraud 5 Home Selling Tips for Privacy and Safety Do You Need Private Mortgage Insurance? What Is the VA Home Loan Guaranty? 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.
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