2016 Legislative Highlights

Georgia REALTORS® Strengthen the Business Practice of Our Members in the 2016 Session

On Thursday, March 24, the 2016 legislative session concluded, with both chambers standing adjourned Sine Die. It was a fast and furious session with campaign season in sight.  Despite the rapid pace, the Georgia REALTORS® were able to secure major victories and we’re pleased to deliver measures that will benefit the real estate industry. Above all else, GAR remains committed to protecting the business interest of our members through effective political representation. Below are highlights of the major REALTOR® victories achieved during the 2016 session.

 


GAR Protects Members by Bringing State Law into Compliance with TRID

After the passage of TRID at the federal level, real estate agents and brokers were no longer guaranteed access to closing statements for each transaction. This created a grey area in which REALTORS® were forced to operate, as Georgia Law still required real estate brokers to provide clients with a closing statement in all transactions and to keep a true copy of all closing statements for three years. Continue reading…

The Georgia Dream Program Receives an Increase in Bond Limits

GAR was proud to support a housing initiative sponsored by Representative Penny Houston that increases the bond limit allotted to the Georgia Housing and Finance Authority (GHFA). Under the provisions of House Bill 773, the GHFA will receive an increase in its outstanding bond limit from $1.3 billion to $3 billion that will be used to fund the Georgia Dream Homeownership Program (GDHP). Continue reading…

GAR Successfully Establishes Procedure for Water Liens at Closing

In conjunction with the Real Estate Section of the Georgia Bar, the REALTORS® worked with Senator William Ligon to pass Senate Bill 206.  Prior to the bill’s passage, water suppliers were not required to properly file and record water liens. Continue reading…

Efforts to Cap the Mortgage Interest Deduction Stalls

Conversation about tax reform has become a more serious and popular topic in recent years at both the federal and state level. Measures aimed at capping the mortgage interest deduction (MID) are commonly associated with tax reform dialogue, highlighting the importance of GAR’s Governmental Affairs efforts. Continue reading…

Delivery Methods Expanded for Issuing a Summons Notice

The REALTORS® partnered with the Georgia Association of Homebuilders to modify provisions of House Bill 1025, sponsored by Representative Tom Taylor, which allows for the “tack, mail, and file” delivery notice of a service accusation or ordinance violation concerning real property. Continue reading…

Commercial REALTORS® Reap Benefits from Extended Freeport Exemptions

GAR was one of many that supported House Bill 935 sponsored by REALTOR® Champion, Representative Brett Harrell. The bill provides Freeport Exemption for e-commerce facilities in Georgia, safeguarding our state’s competitive edge and supports the commercial real estate market. Continue reading…

REALTORS® Strengthen Private Property Rights for Condominium Owners

During the 2015 Session, GAR began working with Representative Jeff Jones on House Bill 219, which was introduced to exclude pools operated by a condominium association or townhome from the definition of ‘public swimming pool’. Continue reading…

GAR Limits Sovereign Immunity for Action to Quiet Title

Introduced by Representative Wendell Willard in the 2015 Session, House Bill 59 waives the defense of sovereign immunity for any action brought in the courts by an individual or organization seeking declaratory judgment, injunctive relief, or decree in a conventional quiet title against the state or local governments. Continue reading…

Review 2015 Legislative Highlights