The NC REALTORS® 2022 Legislative Committee met this week to review the 2023/24 legislative priorities for the NC General Assembly.
(from NC REALTORS® report) – This plan outlines anticipated advocacy activity for the 2023-24 Legislative Session. It identifies issues that the Governmental Affairs team is proposing to address.
Short Term Rentals (STR) – Property owners should not face restrictions on how they are allowed to rent their property. The ability to generate housing income is vital to many people as well as the local North Carolina economies that rely on tourism.
Parea – More than 1,500 North Carolina REALTORS® are licensed appraisers. Appraisals are an important part of real estate transactions. The profession has been under national scrutiny and is facing increasing regulatory changes.
Housing Affordability and Availability – Challenges and barriers need to be eliminated or reduced so that the dream of homeownership is attainable for all as well as pass legislation that prevents local governments from restricting housing options and availability with arbitrary ordinances, excessive fees, and permit delays.
Additional Legislative Items for 2023
*Uniform Partition of Heirs Property Act
*Make government issued military ID’s acceptable for real estate closings
*Extraterritorial Jurisdiction
*Require Commercial Land Disclosure Form for all vacant land
*Allow sales tax referendums to say what they are paying for
*Orphan Roads – continue to find solution and funding resources
*Deed Transfer on Death Issues
*Cost limit for homes in the beach plan
*Animals left in rentals
*Licensing Wholesalers
*School Calendar Law – punishment for districts breaking the law
*PAC Law Changes
