CALL FOR ACTION: HELP IMPROVE TAX REFORM FOR HOMEOWNERS
Amy Fennell • December 4, 2017
REALTORS® are once again being asked to continue their efforts as advocates for homeowners and respond to the latest Call for Action on Tax Reform by the National Association of REALTORS®. The REALTOR® voice has positively influenced tax reform in some key areas this past month. For example, both the House and Senate have agreed to maintain deductibility of state and local property taxes up to $10,000 and to maintain Section 1031 tax-deferred exchanges in their present form for real estate investments.
BUT OUR WORK IS NOT DONE.
REALTORS® still have an opportunity to influence Congress to help make the tax reform bill more favorable to homeowners and consumers. Now that both the House and Senate have passed The Tax Cut and Jobs Act, a Conference Committee will begin to address the differences between the two bills. (See graphic below)
Important improvements in the legislation are possible by encouraging Congress to maintain the current law for the mortgage interest deduction and capital gains exclusion. Retaining current law makes the bill more favorable to homeownership. Be on the lookout for an email or text message alert or click the button below. You can also text "REALTORS" to 30644 to receive alerts via text message.
For more information on the issue: https://www.nar.realtor/tax-reform
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.
There are several ways to lower your upfront costs and make homeownership more affordable. Here are some practical ways to reduce your cash to close.
Invest in your real estate career with professional development and continuing education opportunities as a member of the Louisiana Association of REALTORS®.
