Summary of Legislative Events of Note
LOUISIANA REALTORS • May 4, 2018
SENATE BILL NO. 462, SENATOR DANNY MARTINY – INCLUSIONARY ZONING
Currently, Louisiana allows municipalities and parishes to pass inclusionary zoning ordinances to promote the development of affordable housing. Inclusionary zoning requires housing developers to sell or rent a proportion of their units below market rate, regardless of the economics of a project or whether the developer receives just compensation. Senate Bill 462 would instead allow municipalities and parishes to offer VOLUNTARY economic incentive policies to promote the development of affordable housing.
Louisiana REALTORS® supports this bill and has lobbied members of the House of Representatives to vote in favor of this bill. As of today, the bill is scheduled for debate by the House of Representatives, Monday, May 7th.
REGULATION OF BOARDS AND COMMISSIONS – HOUSE BILL NO. 372, REPRESENTATIVE PATRICK CONNICK
House Bill No. 372 would require administrative rules sought to be promulgated by boards and commissions, including but not limited to the Louisiana Real Estate Commission (LREC), to undergo a review by a new commission to ensure that occupational licensing boards and their board members will avoid liability under federal antitrust laws.
If passed this legislation would ensure that if any of our members accept positions as LREC commissioners that they will not be personally liable for actions taken by LREC.
Representative Connick is working with Louisiana REALTORS® and other organizations to address any concerns with the bill.
REGULATION OF LAWS GOVERNING BOARDS AND COMMISSION – HOUSE BILL NO. 748, REPRESENTATIVE EMERSON
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Representative Emerson’s intent with this bill is to address the perceived overregulation of occupations and professions by the state, but Louisiana REALTORS® does not believe this bill accomplishes this in its current form. The bill is overregulation in an attempt to deregulate which Louisiana REALTORS® and a growing number of organizations oppose.
The Legislature already has oversight of the statutes, rules and regulations governing occupational boards and commissions such as the LREC. The additional requirements LREC would have to undertake due to this legislation becoming law could necessitate an increase in your state license fees which we would not support at this time.
We understand the need for the state to increase economic opportunities, promote competition and encourage innovation and will continue to ask Representative Emerson to please to study this issue prior to passing state law on the matter. However, should Representative Emerson not take this approach or significantly change the bill we will be asking that you take part in a call to action against the bill.
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
