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This week’s report is short and sweet as any updates posted will be out of date by Monday, June 3rd at 6:00 p.m., the deadline for the session to end.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!
NAR is pleased to share the latest consumer guide focused on state and local tax (SALT) deductions . This guide explains federal tax law changes that temporarily quadruple the amount of state and local taxes (SALT) that taxpayers can deduct and will make homeownership more accessible and affordable, especially for people in higher-tax states. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days 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: Assistance Programs Real Estate Auctions Working with a Real Estate Attorney Making Your Home More Energy Efficient Buying a Historic Property 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 next week’s guide on August 6, which will cover packing tips and tricks.
The Louisiana REALTORS® Board of Directors will elect six (6) LR At-Large Directors at its October 8th meeting. Qualifications and an application for the position can be found below.
From flood zones to hurricane season, Louisiana clients have big questions. Learn how REALTORS® can confidently respond with local insights that build trust and close deals.
