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January 13, 2015

This month the Louisiana Liaison aims to prepare you for 2015! Learn all you need to know about the new purchase agreement and property disclosure forms released by the LREC, get an NAR issues udate and see what Lawrence Yun has for us on this year's housing market.

Stay informed with this free Louisiana REALTORS� service!

Commission Amends Mandatory Forms

The new Residential Real Estate Purchase Agreement and the Residential Property Condition Disclosure Forms

The Louisiana Real Estate Commission has approved and released the two year changes to the Residential Real Estate Purchase Agreement and the Property Condition Disclosure Form. All real estate licensees must begin using these amended forms beginning Feb. 1, 2015. Should you or your brokerage firm have any questions, please feel free to contact Norman Morris.

Residential Agreement to Buy or Sell: as amended 02-01-15

Amended Form

Amended Form with highlighted changes and notes

Residential Property Disclosure: as amended 02-01-15

Amended Form

Amended Form with highlighted changes and notes

For more on these forms and changes, visit the LREC website.

NAR Issues Update

TRIA Reauthorization Passes in the House and Senate

The bill that passed is a 6-year reauthorization, keeping the TRIA program going through 2020. It also reduces the government's exposure to risk by increasing the "trigger" amount from $100 million to $200 million, and raises the mandatory recoupment amount from $27.5 billion to $37.5 billion.

FAA Grants Ariz. Real Estate Agent Drone Permit

The Federal Aviation Administration this week granted a Tucson, Ariz., real estate practitioner an exemption from its commercial unmanned aerial vehicle (UAV), or drone, rules, which will allow the agent to operate a drone as part of his business. See more from NAR regarding drones.

FHA Premium Fees

President Obama announced a 50 basis point reduction in FHA's annual mortgage insurance premium.

Congressional District Maps

The congressional district maps have been updated for the 114th congress with the most up to date housing information available. You can find the updated maps here.

2015 Housing Market Forecast

2015 Housing Market Forecast

In this video, NAR Chief Economist Lawrence Yun talks about the outlook for the 2015 housing market.

See the informative infographic here.

Open Data

Source: Inman News

Find out how "open data" can change the real estate industry and drive innovation.

Read the full article.

Design Trends

Spruce up your showing game with these 5 trends for 2015

Source: realtor.com

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