Mid-session REALTORS® Legislative Update

Update on REALTOR® issues at the State Capitol

The state budget situation has improved in Minnesota and according to the Minnesota Association of REALTORS® Governmental Affairs team, the improved budget will allow time for other issues this session – such as government reform, constitutional amendments and even a Vikings stadium – and we hopefully shouldn’t see another shutdown.

MNAR lobbyists continue to work on several key issues of interest to REALTORS®. Those issues include property management activities and taxes.

MN Association of REALTORS® Bill

MNAR’s own bill affecting property management activities on real property owned by licensees continues to make steady progress in St. Paul. Last week, MNAR lobbyist Paul Eger joined Rep. Bruce Vogel, R-Willmar, in presenting the bill (HF 2152) before the House Commerce Committee. The Commerce Committee passed the bill with favorable recommendation by unanimous voice vote. The next step will be assisting Rep. Vogel prepare for his presentation of the bill to the full House.

The Senate version of the legislation (SF 1739) is being carried by Senator Ben Kruse, R-Brooklyn Park, and has already completed the committee process. Sen. Kruse is prepared to present the bill on the Senate floor, which could happen as early as this week.

MNAR lobbyists continue to meet with legislators and staff regarding bills to renew the authority for Hennepin and Ramsey County to levy their own mortgage registry and deed taxes.

Last week, Paul Eger testified before the House Property Tax Division in opposition to Hennepin and Ramsey Counties’ bills and reiterated MNAR’s opposition to policies that require only buyers/sellers to pay for programs which benefit all residents of these counties.

In the House, the bills were passed by the Property Tax Division to the full Tax Committee for consideration and in the Senate; the bills have not yet been scheduled for a hearing.

March will be a busy month for the Legislature as policy and finance committees wrap up their work for the session over the next few weeks. Please feel free to contact Ryan Hamilton or Paul Eger if you have any questions about the work MNAR is doing at the Capitol. They will have updates in our weekly eRESOURCE and our monthly newsletter.

You can read the entire March RESOURCE online! MNAR’s newsletter is now a completely digital, online version. Since this significantly reduces the cost involved in producing the newsletter, this allows us to produce the RESOURCE on a monthly basis, rather than quarterly. You can view, print or download the RESOURCE with a few simple clicks. To save the RESOURCE to your computer, just click on the PDF icon in the viewer. You will be prompted to select where on your computer you wish to save the file.

We would love to know what you think about the RESOURCE – feel free to leave a comment below!

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