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Second 2020 Legislative Special Session Called
Louisiana REALTORS • September 22, 2020
The Louisiana Legislature has called itself to the second Special Session of 2020 to begin at 6:00 p.m. on September 28th. It will convene for thirty (30) calendar days to consider legislation on a total of 70 items. The call can be found here:
Call To Convene
Your Louisiana REALTORS® legislative team will continue to monitor bills and advocate on your behalf throughout the entirety of this Special Session. The following is a list of issues that may arise during this session and that we have identified as most relevant to the real estate industry and you as a REALTOR®:
- Main Street Recovery Program
- Classification of employees and independent contractors
- Tax credits, incentives, rebates, exclusions, exemptions, deferments, and abatements
- Licensing requirements, fees, and permits for certain businesses
- Rural broadband services
- Housing and rental assistance in response to a declared emergency or disaster
- Evictions during a declared emergency or disaster
As each item comes up for discussion, we will provide updates on our Legislative Issues Resource Page. Please continue to check back to stay up-to-date!
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.
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.
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.
821 Main StreetBaton Rouge, LA 70802
821 Main Street
Baton Rouge, LA 70802