Realtors share issues impacting the industry

State Sen. L. Scott Frantz, center, meets with members of the Greenwich Association of Realtors at the state Capitol on Wednesday, April 10.

State Sen. L. Scott Frantz, center, meets with members of the Greenwich Association of Realtors at the state Capitol on Wednesday, April 10.

State Senator L. Scott Frantz (R-36th) recently met with members of the Greenwich Association of Realtors who traveled to the State Capitol to participate in the 29th Annual Realtors at the Capitol event to discuss how current legislation would impact their industry.

“Since the economic downturn, Realtors have had a unique understanding of the challenges facing the housing market,” Mr. Frantz said.

“Even today, they are well aware of the fragile nature of our state’s economic recovery, and it is imperative that legislators proceed with caution when considering proposals that could negatively impact their industry. I will certainly be keeping these concerns close to mind when voting on some of these bills. Many thanks to the members of the Greenwich Realtors who came to Hartford to share their important message with me.”

Members of the Greenwich Association of Realtors urged legislators to “do no harm to housing” when developing the next two-year state budget and considering additional legislation.

More specifically, they shared five major issues that could impact their industry. These priorities included supporting legislation that would ban private transfer fees that require the payment of a flat fee or percentage to a developer or investor every time the property is sold. The practice is currently illegal in 42 other states.

They also support legislation that would require smoke and carbon monoxide detectors to be installed in all residential buildings and a bill that would allow a foreclosed property to be sold by market sale in addition to the other current methods.

The Realtors also oppose any new or increased taxes, fees or mandates at the time of transfer of real estate and legislation that would require energy scoring of real estate.

For more information, visit the Greenwich Association of Realtors website at greenwichrealtors.com.

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