Feb. 6th Legislative Update

Legislative Update Topics:

Meeting with legislators to talk about the MN REALTORS® priorities, bill language for first time home buyer savings account act, Ryan testified on behalf of the MN REALTORS® and Housing Day at the Capitol – February 23rd.

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VIEW HERE

FEATURING –

Paul EgerVice President, Governmental Affairs

Ryan Hamilton, JDAssociate Legal Counsel

Register for Housing Day at the Capitol – February 23rd HERE

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The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry. 

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Jan. 30th Weekly Legislative Update

Legislative Update Topics:

Health Insurance Premium Relief Bill, 2017 Homeownership Initiative, Housing Day at the Capitol

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VIEW HERE

FEATURING –

Paul EgerVice President, Governmental Affairs

Ryan Hamilton, JDAssociate Legal Counsel

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry. 

Legislative Update

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Depending on when you are reading this article, the 2016 campaign season is either drawing to a close or Election Day (November 8th – get out and vote!) has passed and our state and country are moving forward, as we always do.

Campaigns and elections are characterized by candidates with different visions of where they want to take us, and by passionate supporters who work hard to make that vision a reality by turning out to vote for their preferred candidate. Election Day represents validation for the winners and their supporters; and prompts introspection, and often frustration, for the losers and their supporters.

What does Election Day mean for Minnesota REALTORS?

Elections have consequences; and which party controls the State Senate and State House matters greatly with respect to the many policy, tax, and budget issues of importance to REALTORS® and homeowners that will be decided at the Capitol over the next two years.

It is also true that one of our strengths as an organization is our emphasis on “REALTOR® Party” issues that are not tied to a particular candidate, political party, or election outcome.

Minnesota REALTORS® work to protect, promote, and advance homeownership opportunities at the State Capitol. Democrats and Republicans can work together on important issues related to homeownership, and Minnesota REALTORS® are always prepared to work with legislators on both sides of the aisle to advance the interests of Minnesota’s current and future homeowners.

The Minnesota REALTORS® Governmental Affairs (“GA”) Committee, made up of volunteer members from across the state, develops and approves our legislative agenda and provides direction for Minnesota REALTORS® lobbying activities.

As a member of the Minnesota REALTORS®, you are represented at the Capitol by your Governmental Affairs (lobbying) team. Our job is to support your success by advocating on your behalf at the Legislature and with regulatory agencies.

Your Minnesota REALTORS® Governmental Affairs team is honored to represent you at the State Capitol, and we look forward to working with you to advance the REALTOR® Party agenda in 2017!

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate business.

Legislative Update

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As you’ve gone about your summer showing homes and hosting open houses, you have undoubtedly come across political signs set up in yards, glossy print campaign literature stuffed in doors, and you may have even see a candidate or two canvassing a neighborhood. Yes folks, this is an election year. And not just any election year, but one featuring, arguably, the two most polarizing and controversial candidates in the history or our republic.

Regardless of how you may feel about Hillary or Donald, remember that what happens in “down ticket” (Minnesota Legislature, county, municipal, school board) elections will have the most direct impact on your daily life as a REALTOR®. Don’t be so quick to throw those lit pieces away, change the channel when the ads interrupt your favorite show, or slam the door in that candidate’s face. This fall, don’t let over saturation or controversy get you down. Embrace this election, because like the change of seasons, the wheels of government will continue to grind and affect your business life whether you are ready for it or not. But unlike the weather, we humans do have a say in the government we get – if we are willing to engage in the process. The people who are campaigning this summer will be the same folks who will be crafting Minnesota’s regulatory, fiscal, and social policies next fall… policies that will affect your business and the homeowners you serve.

As your “watchdogs” at the State Capitol, we invite and encourage you to find out who your current legislators are and their voting record on REALTOR® related issues. When the political literature starts to arrive or a political discussion arises, take a moment to engage. Find out how your local candidates feel about issues related to homeownership and the real estate market. This isn’t a request for a political contribution. Rather, it’s a invitation to get up to speed on an element or your business that you may have been overlooking.

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

 

LEGISLATIVE UPDATE

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It’s that time of the year again in Minnesota when we realize that summer has gone by too quickly and, before we know it, we will be scraping ice from our windshields.

It’s also an election year. Combine an upcoming election where all 201 State House and Senate seats are on the ballot with summer in Minnesota and what we typically see is nothing of significance happening at the State Capitol.

This summer deviated from that pattern is one important way…Since the Legislature adjourned in May, there has been steady discussion about a potential Special Session to address a number of items leftover from the Regular Session, including the “pocket-vetoed” tax bill, and a transportation funding bill.

Ultimately, the Speaker of the House, the Governor, and the Senate Majority Leader could not agree on the terms of a Special Session.

The tax bill included important federal tax conformity provisions, including the mortgage debt forgiveness provision, which would exempt from taxes the “phantom income” associated with a lender forgiving debt in a short sale situation.

In order to extend the federal tax benefits signed into law by the President in December for federal tax purposes to Minnesota taxpayers for state tax purposes, the Minnesota Legislature must pass legislation and have it signed into law by Governor Dayton.

Minnesota REALTORS® lobbyists testified in support of federal conformity in committee hearings and discusses the importance of the mortgage debt forgiveness provision with key legislators. Support for addressing this issue was bipartisan.

We will continue to advocate for federal conformity in the event a “lame duck” Special Session is called after the election or in January when the 2017 Session convenes.

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.