Legislative Session Update
LOUISIANA REALTORS • April 24, 2017
Legislative session is well underway in the state's capitall! Last Tuesday, Louisiana REALTORS® was prepared to testify against House Bill 562, which proposes a professional services tax on immovable property, but that legislation was not heard in committee.
LR was successful in moving its sponsored legislation out of the Senate Commerce Committee on Wednesday. Senate Bill 108 by Senator Bodi White will be voted on this week by the full Senate. A full recap of Senate Bill 108 is noted below:
This legislation will require out-of-state licensees doing business in Louisiana to either become licensed in the state or co-broke with a Louisiana licensee when conducting business. The legislation provides for a misdemeanor penalty for those who violate this section of the law.
LR will continue working with many other business groups and lobbying against the Commercial Business Activities Tax (House Bill 628) which is scheduled for the House Ways & Means Committee on Monday, April 24th.
For information or clarification on any issues during the legislative session please contact Norman Morris.
Strengthen your position in Louisiana's real estate market with the GRI Designation.
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.
2025 Extraordinary Legislative Session Wrap-up
