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Louisiana State Requirements

Education Requirements

Salesperson Licensing Requirements

The salesperson pre-licensing educational requirement is ninety (90) hours. The number of credit hours accepted for credit toward this ninety (90) hour requirement will be determined by the LREC. Full credit will not be granted if the course work was completed more than five years immediately preceding the date of application.

Broker Licensing Requirements

The broker pre-licensing educational requirement is one hundred fifty (150) hours. The number of hours accepted for credit toward this requirement will be determined by the LREC. Full credit for real estate broker course work will not be granted if the course work was completed more than five years preceding the date of application.

Post-Licensing Education Requirements

All persons initially licensed after January 1, 2000 as a salesperson or broker are required to complete thirty hours of post licensing within the first full calendar year of licensing.

Continuing Education Requirements

All real estate licensees holding active real estate licenses must complete eight (8) hours of approved continuing education course work each year to be eligible to renew their license for the next year. Beginning January 1, 2001, four (4) of the eight hours continuing education must be completed in mandatory subjects specified by the LREC.

Reciprocity

Available in: Alabama, Arkansas, Colorado, Georgia, Indiana, Mississippi, New Mexico, North Carolina, Oklahoma, Pennsylvania, and Tennessee.

Chapter 49. Reciprocity §4901. Licensing

A. The Commission may enter into a reciprocal agreement with the appropriate authority of any other state to permit any resident of that other state who is licensed there as a real estate broker or salesperson to obtain an equivalent Louisiana non-resident license and engage in the real estate business in Louisiana if that other state agrees to similarly grant a non-resident license to any Louisiana resident broker or salesperson and permit the licensee to engage in the real estate business in that other state.

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq. HISTORICAL NOTE: Promulgated by the Department of Economic Development, Real Estate Commission, LR 26: (January 2000)

§4903. Requirements for License

A. Any person residing in and licensed as a real estate broker or salesperson in a state whose appropriate authority has entered into a reciprocal agreement with the Commission shall be granted an equivalent non-resident license by the Commission upon applying and complying with the following requirements:

  1. providing the Commission with sufficient proof of his licensing by his resident state;
  2. paying all fees prescribed for an equivalent Louisiana resident license;
  3. filing an irrevocable Appointment of Agent for Service of Process with the Commission appointing the executive director as the licensee=s agent for service of process in all matters arising out of or in conjunction with any real estate activities conducted by the licensee in Louisiana;
  4. corporation - procuring a certificate of authority to do business in Louisiana from the Louisiana Secretary of State and providing the Commission with a copy; and
  5. partnership or limited liability company - procuring a certificate of registry as a foreign partnership from the Louisiana Secretary of State and providing the Commission with a copy.

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq. HISTORICAL NOTE: Promulgated by the Department of Economic Development, Real Estate Commission, LR 26: (January 2000)

§4905. Non-resident Licensee

A. The non-resident licensee is bound, in all respects, by the provisions of the Louisiana Real Estate License Law (R.S. 37:1431, et seq.) and these regulations.

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq. HISTORICAL NOTE: Promulgated by the Department of Economic Development, Real Estate Commission, LR 26: (January 2000)

Reporting

Student Reporting Requirements

Each real estate school shall provide an individual certificate of completion or comparable completion verification to each student only upon successful completion of a course of study. Such verification shall include student name, date of completion, course level, number of hours or equivalent hours completed, and shall be signed by the school director or an authorized designee.

Real estate schools shall not give credit to any student for completing more than eight hours of instruction in one calendar day.

A. Real estate schools shall submit, in a timely manner, information concerning schedules, class locations, attendance reporting affidavits and other related information as required by the Commission. The Commission will provide each school with the necessary forms and instructions for reporting course scheduling and completion.

Case Managemetn Requirements

Approved vendors shall maintain, for five years, attendance records on each person completing an approved course offering.