REALTOR Party and 2019 Federal Policy Priorities
LOUISIANA REALTORS • December 3, 2018
“2/3 of the new Congress did not serve in the last decade. That puts tremendous pressure on NAR and it’s state and local associations to be able to break through ”
— NAR political consultant Doug Sosnik
THE REALTOR® PARTY
A powerful alliance of REALTORS® and REALTOR® Associations working to protect and promote homeownership and property investment.
The REALTOR® Party speaks with one voice to advance candidates and public policies that build strong communities and promote a vibrant business environment.
REALTORS®
- REALTORS® positively impact their neighborhoods by promoting real property ownership and strong community development.
- As a trusted resource int he community, REALTORS® are natural advocates for homeownership and real estate issues.
PARTICIPATE
- REALTORS® embrace their engagement in the legislative and political process
- No matter the breadth or depth of an issue, REALTORS® are involved in the solution
ADVOCATE
- The REALTOR® Party creates a groundswell of support for the industry by activating advocates in every corner of the country
- REALTORS® mobilize to make transformational, lasting change at the local, state, and federal levels of government.
CELEBRATE
- RPAC is the gold standard for bipartisan political influence among all industries
- RPAC is continuously perfecting its craft to elect pro-REALTOR® candidates across the country.
The National Association of REALTORS® (NAR) is working to be at the forefront of discussions as Congress and the White House seek agreement on a comprehensive national infrastructure package next year. The effort to ensure the voice of REALTORS® is heard as the federal government turns its attention to infrastructure as a top federal public policy priority of NAR in 2019. Other priorities include making recent tax law changes better and ensuring REALTORS® have a leading voice in efforts to reform the country’s secondary mortgage market. The priorities were announced at the 2019 REALTOR® Party Training Conference in Minneapolis.
“RPAC is celebrating its 50th year as the voice of the real estate industry. We are made up of 1.3 million activists, thinkers and doers!”
— Beth Cristina
“You need to make mountains out of moments”
— Amy Showalter Grassroots & PAC influence expert
Louisiana’s representatives and REALTOR® volunteers that attended the REALTOR® Party Training Conference include:
“As your Major Investor Council member, I want everyone to know that I am here to help you with a Major Investor event. This includes to help you plan and write a grant and attend and/or speak at your event if you should desire. Our state is noted for achieving our NAR goals . . . it’s because of YOU. Thank you so much for investing in our industry!”
— Carole Horn
“RPAC has so many opportunities for states and locals to receive grant dollars for events! ”
— Judy Holland
As previously noted in our 2026 legislative session update, HB 468 by Rep. Troy Hebert was adopted with no opposition and was effective August 1, 2026, as Act 807. The Act amends portions of the Louisiana Real Estate License Law (La. R.S. 37:1430, et seq.) to regulate the practice of wholesaling with respect to residential property. Specifically, the Act establishes newly defined terms of “residential real property”, “wholesaler” and “wholesaling” (La. R.S. 37:1431(35) through (37)) and enacts La. R.S. 37:1448.5 to specifically address wholesaling of residential real properties, including required disclosures, written agreements, notices and deposits and also provides for enforcement of the new law. The Act does not prohibit real estate wholesaling. Rather, there are certain requirements for “wholesalers” solely with respect to “wholesaling” of “residential real property.” Each of those terms are defined below. The intent is to make sure that sellers (homeowners) understand the true nature of the wholesaling transaction. To accomplish that, the law requires wholesalers to clearly disclose whether they intend to assign, transfer, or market any rights they have under a purchase agreement for financial gain. The wholesaler must prominently disclose that intent along with advising the seller to seek legal advice before signing each contract and that the seller has the right to cancel the wholesaling contract for any reason and without penalty for at least five calendar days after the execution of the contract. The law expressly requires that each wholesaling contract include the following: "NOTICE REQUIRED BY LOUISIANA LAW: You may cancel this contract at any time before 11:59 PM of [Insert Date]. [Insert Name of Wholesaler] CANNOT ask you to sign or have you sign any cash sale, conveyance or deed, or any other document until your right to cancel this contract has ended. See the attached notice of cancellation form for an explanation of this right. It is advisable that you find your own attorney before signing the contract. The law requires this contract to contain the entire agreement. You should not rely upon any other written or oral agreement or promise." The “notice of cancellation form” referenced above has been published by the Louisiana Real Estate Commission as the “Wholesaling Residential Real Property Mandatory Cancellation Notice” and can be found here . Failure to include that notice renders the contract void and terminable by the seller and in the event of such a termination due to failure to include the notice or other non-compliance by the wholesaler, the seller will receive the deposit. However, if the contract is terminated within the 5-day rescission period, the wholesaler receives the deposit in full. Notably, the Act requires a minimum deposit equal to at least 1% of the purchase price, with funds properly held in escrow, in all wholesaling transactions. In addition, wholesalers are also prohibited from: (a) acting or purporting to act on behalf of the seller whether pursuant to a mandate, power of attorney, or otherwise; (b) representing himself as holding any license or certification or being a member of a licensed profession without the license or certification; (c) placing any lien or other encumbrance on the property; and (d) engaging in any deceptive or unfair trade. Louisiana REALTORS ® is proud to have supported this Act to promote transparency and consumer protection in the real estate industry while allowing for continued investment in our communities through real estate transactions. Definitions: "Residential real property" means real property consisting of one or not more than four residential dwelling units, which are buildings or structures each of which is occupied or intended for occupancy as single family residences. "Wholesaler" means any person or entity that is either engaged in or intends to engage in the wholesaling of residential real property. "Wholesaling" means securing, negotiating, or facilitating the purchase or sale of residential real property with the purpose of transferring, assigning, or selling a contractual right to purchase or any other equitable interest in the residential real property, whether directly or indirectly, for financial gain. The marketing for sale of the contractual rights or other equitable interests constitutes a presumption that the person or entity marketing or selling the rights or interests is engaged in wholesaling. "Wholesaling" includes but is not limited to the following: (a) Entering into a contract to purchase residential real property with the intent of assigning or selling the contractual rights to another party before taking possession or legal ownership of such residential real property. (b) Simultaneously consummating or closing two separate transactions relative to the same residential real property, including one transaction with the original owner and seller of the residential real property and another transaction with the end buyer, without the purchaser providing all funds needed to close the sale transaction with the original owner and seller and without the intent to reside in, occupy, or otherwise materially improve the residential real property.
NAR is sharing its latest consumer guide, Seller Handoff Checklist . Sellers can create a smooth transition for the new owners using the new one-page guide. It offers a handy checklist of information and resources that sellers can pass along—from appliance manuals to paint colors to garbage pickup schedules—as well as suggestions for goodwill gestures that will help buyers feel they made a great purchasing decision. 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: Seller Handoff Checklist Defining Home Buying Needs vs. Wants 10 Tips For Unpacking Smartly After A Move UPDATED: Multiple Listing Services Overcoming Roadblocks to a Sale or Purchase 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 home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Check out the next consumer guide on condominium insurance.
NAR Community and Transportation Preference Survey reinforces need for housing choices and shows support for community design to easily access daily destinations.
