Chapter LXVII

A. As the result of an investigation, when it appears that violations of the Louisiana Real Estate Appraisers Law and/or rules and regulations of the board may have been committed by a licensee or certificate holder, the violations may be adjudicated through informal or formal ad…

A. It shall be unlawful for a licensee or certificate holder to enter into an agreement to perform valuation services, written or otherwise, with an appraisal management company, or a person, corporation, partnership, sole proprietorship, subsidiary, unit, or other business entit…

A. An individual real estate broker shall be an authorized signatory on each sales escrow checking account, rental trust checking account, or security deposit trust checking account and shall be responsible for the proper maintenance and disbursal of any funds contained therein T…

A. No person shall act as pre-license instructor at any real estate school, and no real estate school shall hire or otherwise permit any person to act as a pre-license instructor for the school, unless that person has been certified as such by the commission. B. The application t…

A. Education providers shall apply directly to the board for qualifying and continuing education course approval. Application forms will be provided by the board. Information to be submitted for each course offering shall include: 1. course content; 2. program structuring; 3. cou…

A. The board shall require approved providers to follow model curriculum guidelines in accordance with The Real Property Appraiser Qualification Criteria, May 2018, prescribed by the Appraiser Qualifications Board of the Appraisal Foundation (AQB) to assure comprehensive coverage…

A. The board shall require approved providers to follow model curriculum guidelines in accordance with The Real Property Appraiser Qualification Criteria, May 2018, prescribed by the Appraiser Qualifications Board of the Appraisal Foundation (AQB), or its successor, to assure com…

A. A request for license transfer that is submitted within 60 days of any of the following circumstances shall be exempt from the transfer fee or delinquent renewal fee prescribed in R.S. 37:1443 : 1. the sponsoring broker has died; 2. the sponsoring broker has failed to renew hi…

A. In a format that is readily available to the commission and for a period of no less than five years a broker must maintain at minimum the following records: 1. disclosures; 2. listing agreements, buyer representation agreements, other written agreements that authorize licensee…

A. Licensees who are part of a group or team shall not receive compensation for acts or services subject to R.S. 37:1431 .(24) from anyone within their team. Notes La. Admin. Code tit. 46 , § LXVII-1805 Promulgated by the Office of the Governor, Real Estate Commission, LR 43 954 …

A. For the purpose of this Chapter, team or group shall mean a collective name used by two or more real estate licensees, who represent themselves to the public as a part of one entity that performs real estate license activities under the supervision of the same sponsoring broke…

A. A resident broker, including corporations, partnerships and limited liability companies, who accepts any funds on behalf of clients in a real estate sales transaction shall open and maintain a sales escrow checking account in a financial institution in the state of Louisiana. …

A. Non-resident brokers shall open and maintain sales escrow checking accounts, rental trust checking accounts, and security deposit checking accounts, as provided in § 2701 of this Chapter; however, these accounts shall be opened and maintained in a Louisiana financial instituti…

A. Associate brokers are prohibited from opening and maintaining a sales escrow checking account, rental trust checking account, or security deposit trust checking account. All funds received by an associate broker in any real estate transaction shall be placed in the custody of …

A. Licensees, certificate holders, registrants, school owners or school directors, and persons employed by or associated with a licensee, certificate holder, registrant, school owner or school director, shall not obtain or attempt to obtain by deceptive or fraudulent means any co…

A. Any applicant who fails an examination may apply to retake the examination. After one year the applicant shall be required to submit a new application and remit all prescribed fees to be eligible for the licensing examination. B. An applicant who does not pass both portions of…

A. Applicants for certification as a real estate school shall submit proof of a $10,000 surety bond issued by an insurance company that is authorized to conduct business in Louisiana. B. Bonds shall be in favor of the state of Louisiana and conditioned for the protection of the c…

A. Real estate education vendors shall provide adequate space, seating, equipment, and instructional material to accommodate the number of enrolled students. B. The commission may inspect any facility used by a real estate education vendor at any time during regular business hour…

A. Real estate education vendors shall maintain accurate and properly indexed records on all students for at least five years after course completion and shall produce those records for inspection upon request of the commission. Electronic records shall be maintained in a readily…

A. Every developer shall notify the commission of his intention to close an escrow account at least 10 days prior to the intended closing date. Notes La. Admin. Code tit. 46 , § LXVII-5719 Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:61 (Ja…

A. Upon revocation, suspension or lapse of registration, a developer shall nevertheless continue to maintain all escrow accounts until such time as all monies have been disbursed according to law. Notes La. Admin. Code tit. 46 , § LXVII-5721 Promulgated by the Department of Econo…

A. As a part of the scope of education in Louisiana, Business Education embraces the mission and goals of education as adopted by the Board of Elementary and Secondary Education which follow. 1. The Board of Elementary and Secondary Education pledges its commitment to the proposi…

A. The mission of Business Education in Louisiana is to provide students with: 1. business knowledge and workplace skills in preparation for initial employment and advancement in a career; 2. background information for further study in the field of business; 3. technology skills …

A. In 1995, the National Business Education Association published the National Standards for Business Education: What America's Students Should Know and Be Able to Do In Business . 1 ( 1 National Standards for Business Education: What America's Students Should Know and Be Able to…

A. Realizing the need to incorporate national standards into Louisiana's Business Education curriculum, a team of secondary and postsecondary business educators was assembled. The team was assigned the task of creating a framework of standards and benchmarks that would be used as…

A. In addition to achieving content standards, students must be information literate in order to communicate, make decisions, and solve problems. Critical thinking skills are essential to living and working in an environment where information is abundant and constantly available.…

A. Business Education teachers are encouraged to join professional organizations that can provide opportunities for professional development. The diverse and ever-changing subject area of Business Education makes it necessary for educators to remain current with advancing technol…

A. Emphasis is placed on integrating academic and business courses through cross-referencing academic content standards and encouraging team teaching and cooperative projects. Incorporating the model for lifelong learning, emphasizing foundation skills and SCANS workplace skills,…

A. The Business Education curriculum framework document is intended for a broad audience. The framework serves as a guide for curriculum and instruction and as a general reference to the concepts and skills of Business Education in Louisiana. The intended users of the framework i…

A. Business Education Content Standards 1. The student will understand and apply basic accounting principles and procedures. 2. The student will use automated accounting procedures to apply basic accounting principles and pursue advanced accounting methods. 3. The student will re…

A. Competency Courses: Accounting*, Advanced/ Computerized Accounting* B. Related Electives: Business Computer Applications I and II, Business Law, Business Machines, Cooperative Office Education, Computer Multimedia Presentations, Education for Careers*, Entrepreneurship, Financ…

A. Competency Courses: Administrative Support Occupations*, Business Computer Applications I and II, Business English*, Business Machines*, Cooperative Office Education*, Desktop Publishing, Keyboarding/Keyboarding Applications, Records Management*, Telecommunications, Word Proce…

A. Competency Courses: Accounting, Business Computer Applications I and II, Business Law*, Entrepreneurship*, Introduction to Business*, Introduction to Management*, Telecommunications B. Related Electives: Advanced/Computerized Accounting, Business English, Business Machines, Co…

A. Competency Courses: Accounting, Business Computer Applications I and II, Economics*, Financial Math*, Telecommunications B. Related Electives: Business English, Business Law, Cooperative Office Education, Computer Multimedia Presentations, Education for Careers, Entrepreneursh…

A. Competency Courses: Business Computer Applications I and II*, Computer Multimedia Presentations*, Desktop Publishing*, Keyboarding /Keyboarding Applications*, Telecommunications*, Word Processing* B. Related Electives: Accounting, Administrative Support Occupations, Business E…

A. Although Business Education is a curriculum that covers a wide range of topics, there are certain concepts that are common to all content areas. These concepts are defined as strands. Career development, communication, computation, international business, interrelationships of…

A. Career Development. Today's students will become tomorrow's workforce and will need to explore multiple career paths and continuously deal with the process of learning new skills. Career development should be integrated into the entire curriculum at all academic levels and con…

A. Communication. Communication in all forms is a foundation skill for all business courses. Communicating clearly, fluently, strategically, technologically, critically, and creatively in society and in a variety of workplaces using reading, writing, speaking, and listening skill…

A. Computation. Business education courses offer unique opportunities for students to apply computational and problem-solving skills in everyday business, personal, and consumer problems. B. Benchmarks 1. Apply mathematical operations using whole numbers, decimals, fractions, per…

A. International Business. Since business is conducted in a local, state, national, and international marketplace, students must understand how social, cultural, political, legal, and economic factors impact the business environment. B. Benchmarks 1. *Explain the role of internat…

A. Interrelationships of Business and Academics. A major component of developing a sound understanding of the modern business environment is identifying the interrelationships of business and academic skills and knowledge. B. Benchmarks 1. *Analyze the interrelationships of a par…

A. The following is a list of the content standards and benchmarks that have been referenced in this document. All referenced content area standards and benchmarks are for students in grades 9-12. 1. English Language Arts (ELA) Standard One. Students read, comprehend, and respond…

A. Technology. Technology is advancing at a tremendous rate. It is necessary for students to develop an understanding of the current technology available and use that knowledge in decision-making and problem-solving processes. B. Benchmarks 1. *Choose appropriate procedures and e…

A. Work Ethics and Professionalism.A high-performance workplace requires employees who demonstrate proper workplace behavior, personal attributes, and a high level of interpersonal skills. B. Benchmarks 1. *Demonstrate dependability and punctuality. 2. *Display initiative, enthus…

Accounting Administrative Support Business Administration and Management Economics/Finance Information Systems Career Development Research an accounting career available in the local community. Use a career path to explain the need for and benefits of postsecondary training. Rese…

A. Suggested course titles for business education are: 1. accounting; 2. administrative support occupations; 3. advanced/computerized accounting; 4. business computer applications I & II; 5. business English; 6. business law; 7. business machines; 8. cooperative office education;…

A. Standards and benchmarks provide a framework for local curriculum development. A school district's physical facilities, available equipment, resources, and community and business support are only a few of the factors that make the system unique and determine the curriculum off…