RS 37:1442 – License, certificate, and registration issuance and renewal A. Each license, certificate, or registration issued under this Chapter shall be issued for a period of one year and shall expire on December thirty-first following the date upon which it is issued. Each license, certificate, or registration shall be renewed annually. Conducting any activity […]
RS 37:1443 – Fees The commission may charge: (1) Initial fees for licensing or certification: (a) Individual real estate broker’s license $120.00 (b) Corporate, partnership, or limited liability company real estate broker’s license $120.00 (c) Branch office license $ 45.00 (d) Real estate salesperson’s license $ 45.00 (e) School certification $650.00 (f) Instructor application/certification $ […]
RS 37:1444 – Broker, place of business; branch office license The business address registered by a broker with the commission shall be considered as the place of business from which the broker will conduct real estate activities requiring licensing in Louisiana. If a broker conducts business from more than one place of business, a branch […]
RS 37:1445 – Unlicensed persons cannot recover brokerage charges No action or suit shall be instituted, nor recovery be had, in any court of this state by any person for compensation for any act done or service rendered, the doing or rendering of which is prohibited under the provision of this Chapter to other licensed […]
RS 37:1446 – Compensation; independent contractor status of salespersons and associate brokers A. No payment of a commission or compensation shall be made by any licensee or registrant to any person who has not first secured a license or registration under the provisions of this Chapter. This Subsection shall not apply to a nonresident broker […]
RS 37:1447 – Referral fees; interference with brokerage relationships A.(1) It is unlawful for any person, including but not limited to a relocation company, to directly or indirectly solicit or request a referral fee or similar payment for the referral of a buyer or seller unless the person seeking the referral fee has reasonable cause. […]
RS 37:1448 – Revocation or suspension of licenses A. Any licensee whose license is suspended or revoked in accordance with this Chapter shall be deemed an unlicensed person during the period of suspension or revocation and shall be subject to the penalties prescribed for unlicensed persons, if he engages in activity requiring licensure during the […]
RS 37:1448.1 – Non-compete agreements A. A non-compete agreement between a real estate broker and licensee which requires the licensee to refrain from carrying on or engaging in a business similar to that of the real estate broker or from soliciting customers of the real estate broker within a specified parish or parishes, municipality or […]
RS 37:1448.2 – Revocation or suspension of registration A timeshare registrant will within seventy-two hours of notification by the commission of the final action on the revocation or suspension of a registration issued to a timeshare interest salesperson or a timeshare developer return such registration to the commission. Acts 1989, No. 655, §1, eff. Jan. […]
RS 37:1448.3 – Net listing agreements It is unlawful for any real estate broker to advise or encourage a seller in relation to, or to enter into, a net listing agreement as described in R.S. 37:1431(34), for the sale of residential real estate property or any land as defined in R.S. 47:2302. Acts 2015, No. […]
RS 37:1449 – Broker to insure provision of contract; retention of records A. Licensees acting in the capacity of an agent or subagent, and registrants shall insure that their respective principal party signing any document in a real estate transaction is provided a copy of the document immediately after the signing of the document. B. […]
RS 37:1449.1 – Duty of real estate licensees to use purchase agreement forms A. A licensee representing either the buyer or seller of residential real property shall complete the purchase agreement form prescribed by the Louisiana Real Estate Commission in making an offer to purchase or sell residential real property. No person shall alter the […]
RS 37:1450 – Duty of licensees, registrants, and certificate holders to report legal action pertaining to real estate activities A. It shall be the duty of every licensee, registrant, and certificate holder to notify the commission within ten days by registered or certified mail or by hand delivery of the following actions: (1) The rendering […]
RS 37:1451 – Death or incapacity of a real estate broker A. (1) The commission shall be notified in writing when a sponsoring broker dies and shall have the authority to appoint an active licensed associate broker or salesperson to complete, carry out, and enforce any incomplete real estate business activities of the deceased sponsoring […]
RS 37:1452 – REPEALED BY ACTS 1989, NO. 655, §2, EFF. JAN. 1, 1990.
RS 37:1453 – Investigations A. The commission may, upon its own motion, and shall, upon the verified complaint in writing of any person, investigate the actions of any licensee, registrant, certificate holder, or any person who assumes to act in any such capacity. Such an investigation may include inquiries and inspections of records. B. Every […]
RS 37:1454 – False information It is unlawful for any person or his agent to file with the commission any notice, statement, or other document, required under the provisions of this Chapter which is false or contains any material misstatement of fact. Acts 1978, No. 514, §1; Acts 1989, No. 655, §1, eff. Jan. 1, […]
RS 37:1455 – Causes for censure, suspension, or revocation of license, registration, or certification A. The commission may censure a licensee, registrant, or certificate holder or conditionally or unconditionally suspend or revoke any license, registration, or certificate issued under this Chapter, levy fines or impose civil penalties not to exceed five thousand dollars, or impose […]
RS 37:1456 – Notice of charges; hearing; censure, suspension, or revocation of license, registration, or certificate; criminal action A.(1) Before censuring, suspending, or revoking any license or registration, or certification, or imposing continuing education requirements, the Louisiana Real Estate Commission shall, except for the reasons set forth in R.S. 37:1463(G), notify in writing the licensee […]
RS 37:1457 – Judicial proceedings A. If an appeal is taken under R.S. 37:1456, the court shall receive the entire record of the hearing. B. All judicial proceedings relative to actions taken by the commission shall be filed in and adjudicated by the Nineteenth Judicial District Court in the parish of East Baton Rouge. C. […]
