Chapter LXVII

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. A Louisiana broker may cooperate with a licensed broker of another state in the sale, exchange, purchase, rental, leasing, or management of real property located in Louisiana within the limits provided in the Louisiana Real Estate License Law and rules and regulations of the c…

A. A licensed broker in this jurisdiction may divide or share a real estate commission with a licensed broker in another jurisdiction whenever the licensed broker in the other jurisdiction acts only as a referral agent who is not involved in the actual negotiations, execution of …

A. The commission shall have the power to impose any sanction permitted by R.S. 37:1430 et seq., on any licensee of this jurisdiction who performs or attempts to perform any of the acts of a licensee on property located in another jurisdiction without first having been properly l…

A. This Chapter shall apply to real estate schools seeking approval to conduct a course of education in real estate pre-license subjects. Notes La. Admin. Code tit. 46 , § LXVII-5301 Promulgated by the Office of the Governor, Real Estate Commission, LR 37:3014 (October 2011). AUT…

A. Any individual or entity desiring to conduct business in this state as a real estate school shall file an application for certification with the commission. B. The application shall be in such form and detail as prescribed by the commission and shall be accompanied by all docu…

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. The certification to operate as a real estate school shall be issued in the form of a certificate of authority and shall include an assigned certification number that shall be included in all advertisements of approved courses and on all forms, documents, and reports filed wit…

A. All Louisiana state and private colleges and universities that offer a real estate course as part of a regular curriculum are exempt from obtaining a certificate of authority; however, if courses are offered through a continuing education division, the college or university sh…

A. All real estate schools shall designate a director, whose duty it shall be to ensure that the operations of the school, and all training locations, adhere to the requirements of the Louisiana Real Estate License Law and the rules and regulations of the commission, and who shal…

A. Real estate schools 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 school at any time during regular business hours. C. Real estate sc…

A. Real estate schools 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 available…

A. Each real estate school shall enter into a written contract with each student that shall clearly set forth the tuition and fees charged by the school for a specific course of instruction and the school refund policy. B. A copy of the contract, signed by an authorized represent…

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. It shall be prohibited for any real estate brokerage firm to operate a real estate school under the same legal entity as the real estate brokerage firm. B. Any activity that is designed to influence or solicit a pre-license education student to work under the sponsorship of an…

A. The commission shall be notified within 10 calendar days after any change in the business address or telephone number of any real estate school and the residence or business address or telephone number of any owner, director or instructor thereof. Notes La. Admin. Code tit. 46…

A. Advertising by real estate schools shall not be false or misleading. B. Advertisements shall state that the school is certified by the Louisiana Real Estate Commission and shall include the school certificate of authority number. C. The commission may require a real estate sch…

A. The commission shall have the authority on its own motion, or following receipt of a complaint, to investigate any real estate school to determine compliance with the Louisiana Real Estate License Law and the rules and regulations of the commission. B. If an investigation by t…

A. The commission shall have the authority to impose fines, suspend, or revoke a school certificate of authority or pre-license instructor certification for the following acts committed by a school owner, director, or pre-license instructor: 1. violating any rule or regulation pr…

A. Salesperson pre-license education courses offered by real estate schools shall be structured in the following manner: 1. Real Estate 101-salesperson 90-hour course that shall include: a. real estate principles and practices; b. Louisiana real estate license law; c. commission …

A. Classroom training that is led by an instructor and held in a physical location, or delivered via a network, may be used to present pre-license courses and shall be in such format and detail as prescribed by the commission. B. Distance education, for the purpose of this Chapte…

A. Real estate schools shall issue certificates to students immediately upon completion of the course. Certificates shall contain the following information: 1. complete name of the real estate school and the certificate of authority number; 2. name of the student; 3. course title…

A. Classroom course reporting schedule reports shall be submitted in such form and detail as prescribed by the commission no less than 10 days prior to the course. B. Attendance verification reports shall be submitted in such form and detail as prescribed by the commission within…

A. This Chapter shall apply to real estate education vendors seeking approval to conduct a course of education in real estate post-license and/or continuing education subjects. B. Any individual or entity desiring to conduct business in this state as a real estate education vendo…

A. Applicants for certification as a real estate education vendor shall submit proof of a five thousand dollar ($5,000) 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 conditi…

A. The commission shall issue a real estate education vendor certificate to all applicants approved under this Chapter. B. The commission shall assign a certificate number that shall be included in all advertisements of approved courses and on all forms, documents, and reports fi…

A. All real estate education vendors shall designate a contact person, whose duty it shall be to ensure that the operations of the vendor, and all training locations, adhere to the requirements of the Louisiana Real Estate License Law and the rules and regulations of the commissi…

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. No person shall act as a post-license/continuing education instructor, and no real estate vendor shall hire or otherwise permit any person to act as a post-license/continuing education instructor, unless that person has been approved by the commission. B. The application to be…

A. Real estate vendors may hire or otherwise permit a supplemental course instructor to participate with a primary instructor in the instruction of an approved post-license/continuing education course, provided the supplemental course instructor is named as such in the applicatio…

A. The commission shall be notified within 10 calendar days of any change in the business address or telephone number of any real estate education vendor and the residence or business address or telephone number of any owner, designated contact person, or instructor thereof. Note…

A. Advertising by estate education vendors shall not be false or misleading. B. Advertisements shall state that the vendor is certified by the Louisiana Real Estate Commission and shall include the vendor certification number. C. The commission may require a real estate education…

A. The commission shall have the authority on its own motion, or following receipt of a complaint, to investigate any real estate education vendor to determine compliance with the Louisiana Real Estate License Law and the rules and regulations of the commission. B. If an investig…

A. The commission may impose fines, and/or suspend or revoke a vendor certification and/or post-license/continuing education instructor approval for the following acts committed by a vendor, employee, or approved post-license/continuing education instructor: 1. violation of any r…

A. Courses approved by the commission for instruction by real estate education vendors shall be classed in the following categories: 1. post-license education; 2. continuing education. B. Real estate education vendors shall file a course approval application with the commission f…

A. Post-license education courses offered by real estate education vendors shall be developed in accordance with the content outline prescribed by the commission. B. Real estate education vendors shall not issue credit for any post-license education course unless the student has …

A. Real estate education vendors may offer continuing education course topics that include, but are not limited to, appraisal, finance, taxes, zoning, Louisiana Real Estate License Law/commission rules and regulations, environmental quality, property management, and federal laws …

A. The commission shall mandate an annual four-hour continuing education course topic and curriculum that licensees shall complete during each license period as a requirement for license renewal. B. Real estate education vendors shall not offer the mandatory course for credit unl…

A. Live classroom training that is led by an instructor and held in a physical location, or delivered via a network, may be used to present post-license and continuing education courses and shall be in such format and detail as prescribed by the commission. B. Distance education,…

A. Real estate education vendors shall issue certificates containing the following information to students: 1. complete name of the real estate education vendor and the vendor certification number; 2. name of the student as licensed with the commission; 3. real estate license num…

A. Real estate education vendors shall submit continuing education and post-license education course schedules and attendance verification reports to the commission. B. Course schedules shall be received by the commission at least 10 calendar days prior to the beginning of each m…

A. Non-certified real estate education vendors may request commission approval to offer continuing education courses under the following conditions. 1. Non-certified real estate education vendors shall comply with the course approval and course reporting procedures specified in S…

A. Every applicant for initial registration as a timeshare developer or timeshare salesperson shall submit to the commission a fully completed application on a form provided by the commission accompanied by the prescribed fees. B. Every application for an initial timeshare salesp…

A. Every application shall be received and approved by the commission prior to the date the applicant engages in the business of selling timeshare interests within this state. Notes La. Admin. Code tit. 46 , § LXVII-5703 Promulgated by the Department of Economic Development, Real…

A. At the time of initial application, each applicant for registration as a timeshare interest salesperson shall provide evidence of one bond issued in favor of the state by a surety company authorized to do business in this state in the amount of $10,000 in accordance with R.S. …

A. Registration fees shall cover a period of one calendar year and shall not be prorated. Notes La. Admin. Code tit. 46 , § LXVII-5707 Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:60 (2000), repromulgated by the Office of the Governor, Real…

A. If a developer's timeshare registration is suspended or revoked, no sales of timeshare interests in that project may be conducted by that developer, by any timeshare sales registrant working for that developer, or by any licensed real estate broker or salesperson working with …

A. A developer who wishes to terminate an association with a sales registrant shall return the registrant's sales registration certificate to the commission along with a properly executed transfer form as provided by the commission. B. A sales registrant who wishes to terminate a…