Senator Frantz Welcomes New Canaan Realtors to the State Capitol

April 12, 2013
State Senator L. Scott Frantz, right, speaks with New Canaan realtors at the State Capitol on Wednesday, April 10th.

State Senator L. Scott Frantz, right, speaks with New Canaan realtors at the State Capitol on Wednesday, April 10th.

Hartford – State Senator L. Scott Frantz (R-36) met with dozens of realtors who traveled to the State Capitol from Fairfield County to participate in the 29th Annual Realtors at the Capitol event to discuss how current legislation would impact their industry.

“Realtors have a unique understanding of the state of our economy,” said Senator Frantz. “With the housing market just beginning to recover, we cannot afford to add to the uncertainty or increase the burden on realtors or homeowners. Over the next several months, I will certainly be considering these concerns when voting on bills. I thank the many members of the Mid-Fairfield County Association of Realtors who made the trip to Hartford to share this important message with the legislators who work on their behalf.”

Members of the Mid-Fairfield County 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, please visit the Mid-Fairfield County Association of Realtors website at www.mfcar.com.