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November CEO Report: Legislative & Regulatory Update

Amy Fennell • November 20, 2017

Norman Morris provides REALTOR® members an update on federal legislative activities and state regulatory items that will have an impact on the real estate industry and Louisiana's homeowners. Issues discussed in this Message from the CEO include:


1) National Flood Insurance Program (NFIP) - Congress continues to work for a permanent reauthorization before the December 8 deadline


NFIP Reform Bill Passes House with Bipartisan Support


2) Tax Reform Proposal & Homeowners - A version of tax reform proposals passed the House last week, but some items are detrimental to incentives for homeownership. There is an ongoing CALL FOR ACTION to the Senate as the proposals head there for debate.


Text REALTORS to 30644 and let your voice be heard. 


Side by Side Comparison of House & Senate Tax Legislation


3) Changes are coming to the Residential Property Disclosure Form as a result of a pending legal case. 


Seller's Responses to Property Disclosure Document


4) Broker Mandatory CE - Reminder to all broker licensees that this 4 hour course must be taken in order to renew your license. Failure to do so will result in fines and penalties. 


Broker Mandatory CE Offerings

Consumer Guide Update: Preparing for Homeownership

By Louisiana REALTORS® • February 19, 2025
As previewed last week, NAR is pleased to share the latest consumer guide focused on preparing for homeownership. This guide covers what prospective buyers should consider as they kick off the home purchase process, including the importance of credit scores, mortgage pre-approval, down payments, budgeting, and educational resources. 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: NEW: Preparing for Homeownership Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with potential clients to ensure they have the information they need to be successful 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 Wednesday, which will cover property taxes.

Consumer Guide Update: Escrow and Earnest Money

By Louisiana REALTORS® • February 14, 2025
As previewed last week, NAR is pleased to share the latest consumer guide focused on escrow. This guide covers what homebuyers should know about earnest money deposits, including the general terms and use cases in real estate transactions. 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: NEW: Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Flood Insurance 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 Wednesday, which will cover preparing prospective buyers for homeownership.

2026 LR Officer Elections, RVPs & NAR Director Applications

By Louisiana REALTORS® • February 12, 2025
The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application. An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.
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