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/
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple joined Governor Jeff Landry and Senate Insurance Committee Chairman Kirk Talbot today to announce that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Governor Landry announced that $20 million from the U.S. Department of Housing and Urban Development will be transferred to the Louisiana Office of Community Development Restore Resilient Opportunities for Overhead Fortification (Restore ROOF) program to strengthen residential structures and reduce long-term disaster risk. Earlier this year, the Legislature passed a bill that allows $50 million in additional Katrina and Rita bond money from Louisiana Citizens Property Insurance Corporation to be added to the Department of Insurance’s Louisiana Fortify Homes Program (LFHP). Also beginning this year, LFHP is projected to receive approximately $30 million annually from taxes and fees the Louisiana Department of Insurance collects from the insurance industry. “Building stronger homes is a vital part of making homeowners insurance affordable in Louisiana,” said Commissioner Temple. “I appreciate Governor Landry’s leadership and support as we work with legislators like Chairman Talbot to make Louisiana a national leader in the adoption of Fortified roofs.” The Louisiana Department of Insurance (LDI) has finalized its promulgation of Regulation 136—Fortify Homes Premium Discounts. The purpose of Regulation 136 is to implement the statutory provisions set forth in La. R.S. 22:1483, et seq. , which require that all Louisiana property and casualty insurers provide premium discounts or insurance rate reductions for homes constructed or upgraded in accordance with the fortified standards created by the Insurance Institute for Business and Home Safety. View Regulation 136 here .
Program Partners
Learn about common risks as a real estate agent and tips to stay safe during home showings.
