Session Scoop: May 31, 2024
Louisiana REALTORS® • May 31, 2024
Bill Tracking Report as of 5/31/2024
Week 12 Report
This week’s report is short and sweet as any updates posted will be out of date by Monday, June 3rd at 6:00 p.m., the deadline for the session to end.
We do want to announce a major REALTOR® win, though!
Governor Landry signed Senate Bill No. 506 to reign in the practice of using liens or mortgages to secure rights under real estate service agreements. This bill was filed at the request of Louisiana REALTORS®
Louisiana REALTORS® thanks Senator Rick Edmonds for authoring this important piece of legislation and Representative Troy Hebert for carrying the legislation on the House side.
Watch for a detailed Session Scoop next week!
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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.
