North Columbus News

As the end of the year approaches, Ohio REALTORS® is actively working to push its legislative agenda forward during the final sessions of Ohio's General Assembly. This period, known as the lame duck session, is a critical time for advancing key bills that could significantly impact the real estate industry and property owners in Ohio.

One major focus is on addressing squatting with House Bill 478, House Bill 480, and Senate Bill 241. These bills aim to streamline processes for removing squatters and introduce penalties for title fraud and criminal mischief. "Ohio REALTORS® supports these efforts to enhance legal clarity and empower property owners to take swift action against squatters while maintaining guardrails to prevent unlawful evictions."

Senate Bill 192 targets predatory practices in real estate wholesaling by requiring wholesalers to disclose their intentions transparently. "Wholesalers often target financially distressed individuals and senior citizens," making oversight necessary to prevent exploitation. The organization backs this bill to ensure ethical business conduct.

Short-term rental regulations are also under scrutiny with Senate Bill 299. The bill seeks standardized rules limiting local government restrictions on short-term rentals. According to Ohio REALTORS®, "Governments that impose excessive regulations on short-term rentals infringe upon the fundamental principles of private property rights."

House Bill 238 addresses occupational license reform within real estate professions in Ohio. It proposes eliminating a two-year post-secondary education requirement for brokers and broadening access to pre-licensing education by removing mandates for college credits from real estate schools. These reforms aim at accessibility without compromising standards.

The Joint Committee on Property Tax Review and Reform is tasked with developing solutions amid rising property values causing tax hikes across Ohio. The committee's recommendations are anticipated by year-end, potentially leading to significant tax reform legislation in early 2025.

Additionally, the Senate Select Committee on Housing has been established in response to a housing shortage exacerbated by rising home values outpacing median income growth. Supported by Ohio REALTORS®, this committee conducted hearings statewide gathering testimony from various stakeholders including over 200 witnesses.

Ohio REALTORS® remains committed as they navigate through these crucial legislative weeks aiming at strengthening property rights, promoting fair practices, and ensuring robust growth within Ohio’s housing market.