What the $2T Stimulus Package Means for You
LOUISIANA REALTORS • March 26, 2020
What the $2T Stimulus Package Means for You
The United States Congress passed a $2 trillion COVID-19 economic relief package on March 27, 2020 with overwhelming bipartisan support. The National Association of REALTORS® released a summary on how these programs will be implemented. When more guidance is released from state and federal entities on how these new programs will be implemented, we will update this page.
REVIEW THE SUMMARY
Families First Coronavirus Response Act
Impact of H.R. 6201 "Families First Coronavirus Response Act"
Congress has passed the Families First Coronavirus Response Act (H.R. 6201) providing support to American workers, families, and businesses, including the expansion of paid sick leave and family medical leave. It also includes refundable tax credits for small businesses and self-employed individuals to cover the cost of the leave. While this legislation mainly addresses employment issues, the National Association of REALTORS’ advocacy team expects legislation targeting the overall economy to come later.
Louisiana REALTORS® encourages you to reach out to your tax professional to determine if this act can assist you or your business during this trying time.
Discover how to market-proof your real estate business with five core systems that protect your pipeline, improve client experience, and ensure long-term stability.
Learn how to prepare homebuyers before they start shopping. From preapproval and timelines to common myths and clear expectations, help clients navigate the real estate process with confidence.
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.
