Protecting the real estate industry and your livelihood
We're bringing the discussions and information shared through local legislative outreaches directly to you.
Your REALTOR® Party at Work
The REALTOR® Party is a powerful alliance made up of REALTORS® and REALTOR® Associations working to advance public policies and candidates that build strong communities, protect property interests and promote a vibrant business environment.
Invest
LARPAC uses member contributions to support candidates and issues that align with REALTOR® values.
Vote
With the combination of you exercising your right to vote and the support received by LARPAC, desired officials are elected.
Act
LARPAC-supported officials turn to Louisiana REALTORS® for advice and its members for support when relevant legislative issues arise.
Key Legislative Wins -
Fall 2024 Special Session
Louisiana REALTORS® had a very successful special legislative session Fall 2024!
Your membership in Louisiana REALTORS®, along with your voluntary investment in LARPAC has a tremendous value to you and your real estate profession.
The recent legislative session called by Governor Landry sought to simplify Louisiana’s tax code, broaden the tax base and lower the state personal and corporate income tax rates. Your Louisiana REALTORS® lobbying team was able to accomplish the following during this session:
Key Legislative Wins - 2024 Regular Session
While there are many issues we keep up with on your behalf, one of our top priorities includes keeping your taxes low to protect your investments and maintain a strong industry. We also monitor real estate regulations and laws by attending Louisiana Real Estate Commission (LREC) meetings and keeping watch over other agencies' regulatory proposals. The elected officials LARPAC supported financially and Louisiana REALTORS® partnered with accomplished several legislative wins over the years. Please see below for a list of key legislative wins from 2023:
List of Services
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List Item 1List Item 1
PASSED real estate licensing law requiring all real estate licensees to have buyer agreements.
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List Item 2List Item 2
PASSED legislation making it an unfair trade practice actionable by the Attorney General to secure a real estate service agreement with a mortgage or other encumbrance.
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List Item 3
REPEALED the sunset on the Louisiana Fortify Homes Program.
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List Item 4List Item 4
PASSED legislation to phase out the three-year rule for property insurance, an issue carriers have identified as a major impediment to investment in Louisiana.
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List Item 5List Item 3
DEFEATED attempt
Shifted Louisiana from "prior approval" to "file in use" and will allow insurers more flexibility to price their product and remove another burden that slows down the process (SB 295/Act 10),
Established a process for good faith and fair dealing in the claims process, removing the ambiguity in the law that hinders swift claims resolution (SB 323/Act 3).
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New List Item
PASSED legisation that establishes a process for good faith and fair dealing in the claims process, removing the ambiguity in the law that hinders swift claims resolution.
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New List Item
PASSED bill allows a Louisiana Citizens’ policyholder to request to that tangible personal property be excluded from their policy.
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New List Item
PASSED bill removing the requirement that Louisiana Citizens’ rates must be at least 10% higher than private insurance companies’ between January 1, 2025, and December 31, 2027.
Session Update
June 7, 2024
Session Scoop
Weekly Bill Tracker Reports
