North Columbus News

This month marked the conclusion of the 135th Ohio General Assembly, with Ohio REALTORS reflecting on legislative progress made during the lame duck session. The public policy team focused on advancing reforms to protect REALTOR members and enhance real estate practices.

One significant development was the expansion of the Homebuyer Plus Program through Senate Bill (SB) 257. This bill, supported by Ohio REALTORS, extends tax-favored savings accounts to active-duty military personnel stationed in Ohio. Governor Mike DeWine has signed this legislation into law.

A notable provision was added to a large amendment allocating $1.5 million annually for local governments to modernize zoning and housing codes. This funding aims to address housing shortages by enabling more affordable housing options.

Another key issue addressed was protecting homeowner equity. A provision passed ensures that tax-foreclosed properties are transferred only if delinquent taxes exceed fair market value, otherwise allowing public sale to retain homeowner equity.

Efforts were also made to combat housing discrimination with new legislation requiring an anti-housing discrimination document be signed by property sellers before marketing their homes. This measure seeks to educate sellers on fair housing laws and reduce discrimination.

Ohio REALTORS advocated for changes in occupational licensing through House Bill (HB) 238, aiming to make licensing more accessible while maintaining standards. The bill reduces pre-licensing education hours for salespeople but remains opposed by some due to concerns over educational quality.

House Bill (HB) 480 aimed at addressing squatting issues was amended and voted out of committee, though it did not pass entirely. It introduced penalties for false claims and clarified procedural requirements for property owners.

Senate Bill (SB) 192 targeted predatory real estate wholesaling practices but did not pass. However, discussions advanced on protecting vulnerable homeowners from exploitation.

Short-term rental regulations were also debated with Senate Bill (SB) 299 receiving support from REALTORS advocating balanced regulation against excessive restrictions by local governments.

Despite numerous bills introduced for property tax reform, no action was taken before year's end. Ohio REALTORS called for a Joint Property Tax Review and Reform Committee which held hearings but has yet to issue recommendations.

As the legislature transitions to its next session, efforts will continue to address these challenges and deliver solutions beneficial for REALTORS and homeowners across Ohio.