D.C. Circuit Court of Appeals Decision
Louisiana Realtors
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2d ago
Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer We recognize that some of you have raised questions about NAR’s recent settlement agreement and what effect, if any, it will have on commercial transactions. I want to clarify that the proposed settlement agreement—like the Sitzer-Burnett lawsuit and the copycat lawsuits—is focused on residential real estate transactions. That means most commercial transactions will not be affected. Below I have included a handful of clarifying points that can be used with commercial practitioners in your associations. I’v ..read more
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3 Things to Know About the Fair Housing Act
Louisiana Realtors
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2d ago
Enacted in 1968 as a component of the Civil Rights Act, the Fair Housing Act is a significant legislative measure that aims to promote equal opportunity in housing-related transactions and combat housing discrimination. The following are three essential facts regarding the Fair Housing Act:   Prohibitions on Discrimination The Federal Housing Administration (FHA) forbids discrimination based on seven protected characteristics (race, color, religion, sex, national origin, handicap, and familial status) in purchasing, leasing, and financing housing. Thus, landlords, sellers, lenders, and r ..read more
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NAR President Kevin Sears on Real Estate Today Podcast
Louisiana Realtors
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2d ago
Earlier this week, NAR President Kevin Sears sat down with NAR’s Real Estate Today podcast to discuss the settlement agreement and what it means for NAR, our members, and the industry ..read more
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NAR and MBA Urge GSEs and Regulators to Confirm Buyer Financing Rules
Louisiana Realtors
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2d ago
A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy NAR along with the Mortgage Bankers Association sent a  letter to the Federal Housing Finance Agency, Federal Housing Authority, Fannie Mae, and Freddie Mac seeking confirmation that homebuyers will continue to have access to mortgage credit after the proposed settlement is complete. Specifically, NAR and MBA asked the regulators and GSEs to confirm that the custom of excluding seller's payment of commissions for buyer's agents will continue to be excluded from the limits on Interested Party Contributions ..read more
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The Truth About the NAR Settlement Agreement
Louisiana Realtors
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2d ago
Misinformation has been pervasive in the media over real estate commissions. Here are the facts you should know. Reprinted from REALTOR® magazine The national conversation around real estate commissions reached a crescendo since the National Association of REALTORS® announced a settlement agreement that would resolve litigation brought on behalf of home sellers related to broker commissions. Brokers and agents have their own questions about what comes next for their businesses, while at the same time trying to answer consumer inquiries. And many headlines aren’t separating fact from fiction ..read more
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Session Scoop: March 29, 2024
Louisiana Realtors
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1w ago
Bill Tracking Report as of 3/29/2024 Week 3 Report Real Estate Licensing HB 155, by Representative Thomas Status: Pending Senate Commerce, Consumer Protection and International Affairs Position: Support   This bill would clarify that a salesperson or broker who fails to renew their license by January 1st does not have to complete the pre-licensing or post-licensing education hours required of a first-time applicant to return their license status to active status. It also would clarify that a broker who fails to renew their license by January 1st could renew their broker license without ..read more
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Session Scoop: March 22, 2024
Louisiana Realtors
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2w ago
Bill Tracking Report as of 3/22/2024 Week 2 Report Real Estate Licensing HB 155, by Representative Thomas Status: Pending Senate referral Position: Support   Clarifies that a salesperson or broker who fails to renew their license by January 1 st does not have to complete the pre-licensing or post-licensing education hours required of a first-time applicant to return their license status to active status. It also clarifies that a broker who fails to renew their license by January 1st can renew their broker license without having to spend five years requalifying as a salesperson. Propert ..read more
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Buyer Financing and Commission Financing After the Settlement
Louisiana Realtors
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2w ago
A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy The recently announced settlement raised several questions regarding access to mortgages and the ability to finance agent commissions. In short, under the settlement, buyers still have the same options when it comes to compensating their representative. That is, the listing brokers can compensate the buyer broker, the seller can compensate the buyer broker, or the buyer can compensate their broker directly. Based on conversations with contacts at agencies, we believe buyers should still be able to get financin ..read more
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Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road
Louisiana Realtors
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2w ago
Video Update from NAR President Kevin Sears NAR President Kevin Sears filmed a video to discuss the key considerations and terms of the settlement agreement recently announced to resolve home seller litigation. He also highlights the work the NAR advocacy team is continuing to progress on behalf of our members and the consumers they serve.  ADDITIONAL RESOURCES  Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course, typically $295, available to REALTORS® at no cost. Take the first step toward earning your ABR® designation at become ..read more
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A REALTOR®’s Guide to Client Success Through Advocacy
Louisiana Realtors
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3w ago
REALTORS® are entrusted with a significant responsibility: to guide clients through one of life's most significant transactions—the purchase or sale of a home. In fulfilling this duty, advocacy emerges as a cornerstone of the profession, empowering REALTORS® to champion their clients' best interests at every turn. Understanding Client Needs Advocacy begins with a deep understanding of a client's unique needs, preferences, and goals. By actively listening to their concerns, aspirations, and priorities, a plan can be tailored to meet their specific requirements and ensure a personalized real e ..read more
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