§ 37:1437 — Application for license

Louisiana § 37:1437

• Jurisdiction: Louisiana
• Title 37: Professions and Occupations

Text

§1437. Application for license
A. Any person, partnership, limited liability company, association, or corporation,
or other legal entity desiring to conduct real estate activity in this state, shall file an
application for a license with the commission. The application shall be in such form and
detail as the commission shall prescribe, setting forth the following:
(1) The name and address of the applicant and the name under which the applicant
intends to conduct business.
(2) The place or places, including the city or village with the street and street
number, if any, where the business is to be conducted.
(3) Such other information as the commission shall require.
B.(1) Licenses shall be granted only to persons, partnerships, limited liability
companies, associations, corporations, or other legal entities to transact the real estate
activities defined in this Chapter in such a manner as to safeguard the interest of the public,
and only after satisfactory proof of such qualifications has been presented to the commission.
(2) When an applicant has been convicted of forgery, embezzlement, obtaining
money under false pretenses, larceny, extortion, conspiracy to defraud, or theft or has been
convicted of a felony that the commission finds is directly related to real estate activity
pursuant to R.S. 37:2950, the conviction may in itself be sufficient grounds for refusal of a
license.
(3) When an applicant has made a false statement of material fact on his application,
such false statement may in itself be sufficient grounds for refusal of a license.
(4) Grounds for suspension or revocation of a real estate license in Louisiana or any
other jurisdiction, or the previous suspension or revocation, of a real estate license in
Louisiana or any other jurisdiction shall also be grounds for refusal to grant a license.
C. No individual real estate broker or salesperson's license shall be issued to any
person who has not attained the age of eighteen years. No individual real estate broker or
salesperson's license shall be issued to any person who is not a high school graduate or the
holder of a certificate of high school equivalency.
(1)(a)(i) Each applicant for an initial individual real estate broker license shall have
first been licensed for four years, with two of the four years occurring immediately preceding
submission of a broker license application, and shall show evidence satisfactory to the
commission that the applicant has satisfactorily completed at least one hundred fifty hours
of instruction, or its equivalent, in real estate courses approved by the commission.
Satisfactory completion includes passage of an examination on course contents.
(ii) Notwithstanding Item (i) of this Subparagraph, nothing in this Paragraph
prohibits a real estate broker who failed to renew his license in accordance with R.S. 37:1442
from reapplying for an individual real estate broker license on or before December thirty-first
of the year following the expiration date of his expired real estate broker license.
(b) At least thirty hours of the broker educational requirement shall be obtained in
coursework emphasizing broker responsibilities.
(c) Each person obtaining an initial real estate broker's license shall complete
forty-five post-license education hours within one hundred eighty days after the initial license
date. Such hours shall be in subjects required by the commission including but not limited
to laws, rules and regulations changes, finance, and the handling of funds. Post-license
education hours may be used in the year completed to satisfy eight hours of the twelve-hour
annual continuing education requirement; however, post-license education hours shall not
satisfy the mandatory continuing education topic specified by the commission.
(2) The commission may accept real estate-related credit hours from an accredited
college or university as partial substitution of the broker licensing educational requirement.
(3) The commission shall have the authority to accept experience in the real estate
business or related fields as credit toward fulfillment of the education requirements set forth
herein.
(4)(a) Each applicant for an initial real estate salesperson license shall show evidence
satisfactory to the commission that the applicant has completed ninety hours or its equivalent
of instruction in real estate coursework approved by the commission prior to licensure.
Satisfactory completion includes passage of an examination on course contents.
(b) Each person obtaining an initial salesperson's license shall complete forty-five
post-license education hours within one hundred eighty days after the initial license date.
Such hours shall be in subjects required by the commission including but not limited to laws,
rules and regulations changes, finance, and the handling of funds. Post-license education
hours may be used in the year completed to satisfy eight hours of the twelve-hour annual
continuing education requirement; however, post-license education hours shall not satisfy
the four-hour mandatory continuing education topics specified by the commission.
(5)(a) In addition to all other education requirements set forth in this Chapter,
regardless of initial license date, an individual real estate broker or salesperson shall furnish
proof of completion of twelve hours per year of continuing education pertaining to matters
including but not limited to laws, rules, and regulations relative to licensing, appraisal,
finance, taxes, zoning, environmental quality, and the rules and programs promulgated or
administered by the United States Department of Housing and Urban Development. A
minimum of four of the required annual continuing education hours shall be in subjects
specified by the commission. Post-license education hours may be used to satisfy eight hours
of the twelve-hour annual continuing education requirement; however, post-license education
hours shall not satisfy the mandatory continuing education topics specified by the
commission. The commission shall not allow a licensee to complete fewer than twelve hours
of continuing education to satisfy the requirements of this Section. Failure to timely
complete continuing education in accordance with this Subsection constitutes a violation of
this Chapter.
(b) The commission shall promulgate rules and regulations necessary to implement
the continuing education and post-license education requirement and may mandate the
completion of courses in specific real estate-related subjects. Such rules and regulations may
require passage of an examination in order to satisfy the continuing education and post-license education requirement.
D. Every applicant for a license shall submit a sworn statement attesting that he has
knowledge of and understands the provisions of the Fair Housing Act of 1968 and the
Louisiana Equal Housing Opportunity Act, and any amendments thereto or any successor
legislation subsequently following, and that the applicant shall not induce or attempt to
induce any person to sell or rent any dwelling by representations regarding the entry or
prospective entry into an area, subdivision, or neighborhood of a person or persons of a
particular race, color, religion, or national origin.
E. A nonresident may obtain a broker or salesperson license and engage in the real
estate business in this state under conditions prescribed by the commission.

Legislative History

Acts 1978, No. 514, §1. Amended by Acts 1978, No. 658, §1; Acts 1979, No. 404, §1; Acts 1980, No. 492, §1; Acts 1981, No. 309, §1; Acts 1989, No. 655, §1, eff. Jan. 1, 1990; Acts 1991, No. 642, §1; Acts 1993, No. 886, §1; Acts 1995, No. 1207, §§1, 2; Acts 1997, No. 220, §1; Acts 1997, No. 845, §1; Acts 1997, No. 1141, §2; Acts 1999, No. 452, §3; Acts 1999, No. 629, §1, eff. Jan. 1, 2000; Acts 2001, No. 924, §1; Acts 2008, No. 254, §1, eff. Jan. 1, 2009; Acts 2016, No. 533, §1; Acts 2021, No. 193, §1, eff. April 1, 2022; Acts 2024, No. 199, §1, eff. May 23, 2024; Acts 2024, No. 644, §1.