Key Legislation Impacting Real Estate

Consumer and Business Affairs REALTORS® are working with Sen. Karen Fraser to establish a vacant land disclosure statement in order to protect buyers and sellers of vacant land without changing the intent of the seller disclosure statement or making it more burdensome. REALTORS® are providing input to ensure legislation regarding new home warranties and condo conversions do not negatively impact real estate. And, we are providing support for affordable housing programs. Land Use REALTORS® are supporting legislation that addresses the protection of critical areas. We are also working to allow the concept of rural villages to promote economic development and housing opportunities and we are supporting legislation for a regional program of the transfer of development rights. We are working to protect property owners by supporting legislation that requires proper notice on condemnation decisions. Tax and Fiscal Any Real Estate Excise Tax increases are off the table as no one wants to touch the issue since we worked to bury the issue so deep it doesn't come up again. REALTORS® are working to protect our business by supporting legislation to limit license fees. We support legislation to close a "˜loophole' in state law regarding the local use of the real estate excise tax. We are working to support infrastructure funding mechanisms that will help provide the framework our growing communities need.

by Colleen Laneby Colleen Lane
The Lane Real Estate Team
(509) 438-9344 - Colleen cell
Feel free to call or text!
lanerealestate@gmail.com


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