A state government regulatory agency that regulates the mode and manner by which the affairs and businesses of the real estate are conducted through Louisiana. Accounting, Administrative, Education, Investigate and Licensing are the five divisions offered by the agency. The Louisiana Real Estate Commission upholds their mission to serve and protect the public interest in real estate transactions and other real estate activities. Maintaining a tradition of open government, providing fair and equitable administration and enforcement of the Louisiana Real Estate License Law and Commission Rules and Regulations; and through the development of progressive education programs that promotes knowledge, ethics and advancement of the real estate industry can help the Louisiana Real Estate Commission to accomplish the mission they uphold.
Positive changes have been enacted that governed the business practices of the real estate licensees and that strengthened and reinforced the existing law. The Louisiana Real Estate Commission originated as the State Board of Real Estate by Act 236 of the 1920 Louisiana Legislature, the purpose of the Board was defined by the law, and it is defined as to regulate the mode and manner of conducting the affairs and business of real estate. In 1972, the legislature has amended and brought major changes to licensing, there are important additional requirements. One of the important additions to the law was the examination requirement, this made the applicants to pass a comprehensive written examination prior to being a licensed broker or salesperson; first education requirement for salesperson and brokers and a sworn statement is required from each applicant that they attest that they have agreed to abide the provisions of the federal Fair Housing Act of 1968.
Pre-license education consists of 90 hours of approved course work that covers the principles and practices of real estate, the Louisana Real Estate License Law, the Law of Agency Commission Rules and Regulations, and the Civil Law, as it pertains to the real estate in Louisiana.
In accordance with the revised statute, each applicant obtaining an initial salesperson or broker real estate license shall complete 45 post-license education hours within 180 days after the initial license date. Post-license education is different from continuing education, Continuing education is an annual education requirement of 12 hours, completion of the continuing education hours must be completed prior to submission for license renewal.
To serve and protect the public interest in real estate transactions and other real estate related activities, education is the tool.
Pre-license requirements are for salesperson and broker:
Applicant must be at least 18 years old
For brokers, the applicant must be actively licensed as a real estate salesperson for at least four years, with two of the four years occurring immediately to preceding submission of a broker license application
Applicant must have obtained high school diploma or equivalency certificate
Applicant must comply with the procedures required by the Louisana Real Estate Commission, this includes the submission of a criminal background history.
Applicant must pass the required licensing examination.
Applicant must be sponsored by a licensed real estate broker and provide proof of errors and omissions insurance prior to license issuance.