Norman Morris provides REALTOR® members an update on federal legislative activities and state regulatory items that will have an impact on the real estate industry and Louisiana's homeowners. Issues discussed in this Message from the CEO include:
1) National Flood Insurance Program (NFIP) - Congress continues to work for a permanent reauthorization before the December 8 deadline
NFIP Reform Bill Passes House with Bipartisan Support
2) Tax Reform Proposal & Homeowners - A version of tax reform proposals passed the House last week, but some items are detrimental to incentives for homeownership. There is an ongoing CALL FOR ACTION to the Senate as the proposals head there for debate.
Text REALTORS to 30644 and let your voice be heard.
Side by Side Comparison of House & Senate Tax Legislation
3) Changes are coming to the Residential Property Disclosure Form as a result of a pending legal case.
Seller's Responses to Property Disclosure Document
4) Broker Mandatory CE - Reminder to all broker licensees that this 4 hour course must be taken in order to renew your license. Failure to do so will result in fines and penalties.