Message From the CEO: COVID-19 Update
Louisiana REALTORS • March 16, 2020
LR Volunteer Leaders,
As I update you with this email on the COVID 19 Virus, the issues surrounding this pandemic continue to rapidly change and be very fluid! I first want to say that I hope everyone is safe and taking precautions and caring for those that need assistance. I also want to stress to everyone to be calm and keep up with the news and alerts.
It appears that there have been many closures/restrictions enacted by State Government/Federal Government and the legislature is looking at recessing until a later date. In light of these events and potentially other actions, the LR will have a very limited staff on site at the physical office. Our voice mail will give members information how to reach staff immediately to be able to get information on real estate issues and association services/programs as staff is equipped to work remotely just like being here in the LR office. Let me be clear that the LR staff is working and ready to help members on a moment’s notice!
The LR has postponed the following events to a later date:
LR Leadership Retreat
CCIM Energy Conference,
Louisiana IREM luncheon & live education courses,
Other events scheduled for a live setting
The LR Spring Into Action Conference will be rescheduled as we are waiting on the legislature and other event notices before we can release a final determination on when the meetings will occur, but we will be updating you on the new dates as soon as we can. As soon as we have a final plan for the Spring Into Action Conference we will work with all of you that have already registered and secured a hotel room.
I have asked Patty McMurray, our legal counsel to put together a best practice dealing with real estate transactions in light of issues surrounding the COVID 19 Virus, along with guidance for local associations on employment issues brought up by the situation. As soon as we have these memos we will forward to you this information. However, for your general needs at this time, Baker Donaldson has put together a Corona Virus Resource Center with articles, webinar recordings and links to keep you apprised of the changing landscape which can be found right below. IF YOU HAVE QUESTIONS ON ANY INFORMATION CONTAINED IN THIS LINK PLEASE EMAIL KIM CALLAWAY at kim@larealtors.org who will work with Baker Doneldson on facilitating answers to your questions.
Baker Donelson : What You Need to Know
As soon as the President signs into law a stimulus package, we will forward this information out to the membership on how this legislation may affect or help independent contractors and broker-owners and their employees. Please stay safe and know we will come out of this event stronger than ever!!
Other resources for coronavirus information:
CDC website: https://www.cdc.gov/coronavirus/2019-ncov/
This week, the Legislature remained in high gear, and several items relevant to Louisiana’s real estate market moved into focus. The biggest headline for our industry this week was HB 468 by Rep. Troy Hebert , our wholesaling/consumer-protection bill, was slated to be heard on the House floor, however was bumped due to floor congestion and out-of-order bills. It is now expected to be reset for next Tuesday. This bill remains one of the clearest “market integrity” efforts on the board with clearer rules for non-traditional transactions, stronger transparency and better consumer protections. We also continued substantive policy work behind the scenes. We are actively engaging with Rep. Carver on a vacant land disclosure bill he has authored, and we appreciate that he is welcoming our input and guidance as the language is refined. Our goal is straightforward: ensure any vacant land disclosure framework is practical, reduces confusion and avoids unintentionally shifting liability or enforcement burdens onto real estate professionals. In addition, we were pleased to deepen our relationships at the Capitol this week. We had the privilege of hosting a lunch for the Governor’s Office, enjoyed meeting Governor Landry’s team, and look forward to working with them in a constructive, solutions-oriented manner as the session continues. Finally, Rep. Hebert also filed an additional measure that aligns with our legislative agenda and speaks directly to transaction risk management: HB 1027 , which would limit liability for licensed real estate appraisers in situations involving smoke and carbon monoxide detector compliance. The current law already provides that real estate agents are not liable for a seller’s failure to comply with Louisiana’s detector requirements in one- or two-family dwellings. HB 1027 would extend that same liability protection to licensed appraisers by amending R.S. 40:1581(F). This is a clean, common-sense clarification that helps prevent appraisers from being pulled into compliance disputes that properly belong with the seller’s statutory obligations. Next week, committees are scheduled to hear multiple bills relevant to real estate, including measures involving construction and roofing standards (often tied to insurance and mitigation), property rights/expropriation, and property tax and adjudicated property issues that can influence housing supply and neighborhood reinvestment. We will stay closely engaged and will flag any bills or amendments that materially affect transactions, homeownership costs or private property rights. Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.
Louisiana REALTORS® is compiling a cookbook of Louisiana flavor with a REALTOR® heart in support of the REALTORS® Relief Foundation . And we have two ways for you to get involved: Join us in contributing your favorite recipe using this online form. If you want to include a picture with your recipe, send to info@larealtors.org and reference recipe title in email subject. Or share your creativity by designing the cover artwork for the cookbook. A small committee will review all entries and choose one to print on the cover. Stay tuned for more details on when you can grab your own copy of the cookbook! Cover artwork and recipes are due by April 17th.
Week three of the Regular Session kept real estate issues in the conversation, even as lawmakers continued to focus heavily on workforce, tax and insurance policy. On the property tax front, measures to reshape assessments and exemptions, including proposals for a new blight rehabilitation exemption and additional relief for seniors, remain parked in the House Ways and Means Committee as stakeholders work through fiscal and local government concerns. These bills matter because they will influence long-term carrying costs, redevelopment incentives and how tax burdens are shared across residential and commercial property. Homestead related legislation, including parish level authority to increase the exemption amount, is also in the queue, signaling that the broader structure of Louisiana’s homestead system is officially on the table, not just the dollar figure. For homeowners and buyers, this debate goes directly to affordability. For local governments, it raises revenue stability and service delivery questions. There also has been movement on several identical pieces of legislation that would instruct parish assessors to develop a process for homeowners to permanently register for the homestead exemption for the duration that they own and live on the property. We are actively tracking legislation that will directly shape how investor activity and non-traditional transactions are recognized and regulated in Louisiana’s real estate market. This includes HB 468 by Troy Hebert , a key component of the Louisiana REALTORS® legislative package that targets the wholesale of residential real estate, which was heard in the House Commerce Committee on Monday. The bill is currently positioned for a floor vote early next week. As drafted, HB 468 represents a major step in the right direction for consumer protection in Louisiana, advancing needed guardrails through potential disclosure, registration, and practice standards that could redefine how assignment contracts and “off-market” transactions intersect with licensed brokerage activity. In parallel, HB 292 by Delisha Boyd passed the House on final reading, 86-3, and is on its way to the Senate. Together, these measures represent a coordinated policy effort to bring greater structure and transparency to emerging transaction models, while preserving the integrity of the traditional brokerage framework. Finally, the broader policy backdrop remains important: the Governor continues to push income tax changes and cost of living relief, while business and industry groups are prioritizing insurance, workforce and energy — each a key driver of long run housing demand and investment. As these debates evolve, we’ll keep you updated on what moves, what stalls and what it all means for your clients, your pipeline and private property rights across Louisiana. Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates.
