Lrec
Activities Requiring a License - ANS-Any brokerage services that a person performs on
another's behalf, for compensation
Authorization Required - ANS-No real estate activity can be conducted until the
sponsor has received written authorization from the
LREC authorizing such activity.
• Written authority can be either the license/registration
itself or notification by the LREC in writing.
Right to Receive Compensation - ANS-• the fact that only licensed individuals are authorized to
receive compensation for real estate activities.
• It goes on to state that if an unlicensed individual conducts activities for a fee and the principal
chooses not to pay for the services,
• a court would not render a judgment in favor of the unlicensed individual.
Can an applicant who 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 or a crime involving moral turpitude in any court of competent jurisdiction, such
untrustworthiness of the applicant, and the conviction, may in itself be sufficient grounds for
refusal of a timeshare interest sales registration. [§1437.1 (B) (2)] - ANS-No
Examination - ANS-An applicant for a real estate license must be professionally competent to
transact business. This competency is established by successfully completing the state
licensing examination supervised by the LREC. The LREC makes rules and regulations
governing the time, place, and method of the exam
- LREC supervises the exam to assure it consists of subjects which will determine the
applicant's professional competency to protect the interests of the public.
- The exam will be administered by either the State Civil Service or a national testing service.
-At the present time, the exam is administered by PSI, a national testing service, and is
supervised by the LREC.
Examination Authorization and scheduling "permission slip" - ANS-When the prospective
licensee submits Part "A" of the license application, the Louisiana Real Estate Commission staff
will process the paperwork. Once all of the requirements have been met, the LREC will issue an
examination authorization (think of it as a "permission slip") which authorizes the prospective
licensee to schedule the state test. The "permission slip" is valid for 90 days. This means that
the agent should schedule his or her examination with the testing service within 90 days of
being issued the authorization.
,It shall be the responsibility of each applicant that has received an examination authorization
from the commission to contact the designated national testing service for an appointment to
take the examination. [§501 (B)]
Should the prospective licensee not schedule and take the exam within the 90 days, the
prospective licensee will be given a new examination authorization form upon payment of the
processing fee. - ANS-It shall be the responsibility of each applicant that has received an
examination authorization from the commission to contact the designated national testing
service for an appointment to take the examination. [§501 (B)]
Should the prospective licensee not schedule and take the exam within the 90 days, the
prospective licensee will be given a new examination authorization form upon payment of the
processing fee.
Procedures of Examination - ANS-PSI, the testing service hired by the Louisiana Real Estate
Commission to administer the state licensing examination, publishes a "License Information
Bulletin" which contains all the information regarding the licensing process. This bulletin will be
provided to all applicants by the LREC or the school which the prospective licensee attended.
Cheating policy of examination - ANS-An examinee caught copying or sharing examination
questions or answers can be denied a license and required to forfeit the examination fee.
A licensee, school, or instructor caught stealing examination questions can have his or her
license, certification, or registration revoked or suspended.
Examination- Failure and retaking - ANS-any applicant who fails an examination may apply to
retake the examination by submitting a copy of the fail notice and a new examination processing
fee to the commission. 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. [§507 (A)]
-Should the applicant fail one portion of the exam, he or she is required to retake only the failed
portion. The score on the "passed" portion is valid for one year. If one year goes by and the
applicant has not passed the failed portion, then he or she will have to retake the entire exam.
Fees for licenses how long do they last ? - ANS-Fees
Fees for licenses, certificates, and registrations shall cover a period of one calendar year and
shall not be prorated.[§701 (A)]
The Louisiana Real Estate Commission license and renewal fees are based on a calendar year
and are not prorated for partial years.
Except as otherwise provided in these rules and regulations all fees submitted to the
commission are non-refundable. [§701 (B)]
are fees refundable for licenses, certificates, and registrations - ANS-no
Fees for licenses, certificates, and registrations - ANS-It is not a good idea to write a check to
the LREC from an account that does not have sufficient funds! The LREC has the authority to
cancel the transaction for which the insufficient funds check was issued, plus issuing a
worthless check to the LREC would be cause for suspension or revocation of license
, if you write a bad check to lREC what should happen - ANS-Persons issuing checks that are
returned to the commission by a financial institution for any reason shall be notified by certified
mail at the most current address of record. Within 10 days from the date of the notification, the
person issuing the check shall remit a certified check, cashier's check, or money order, to the
commission in the amount of the returned check, plus the processing fee prescribed in R.S.
37:1443. [§705 (B)]
what should accompany an Application form - ANS--Initial license applications shall be in such
form and detail as prescribed by the commission and shall be accompanied by the fees
prescribed in R.S. 37:1443.[§301 (A)]
-he license application must be accompanied by the appropriate fees
LREC has authority to prepare an application form and mandate its use. - ANS-Any person
desiring to act as a real estate broker or as a real estate salesperson, or any corporation,
partnership, limited liability company, or any 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: [§1437 (A)]
what name needs to be on your application - ANS-The name and address of the applicant and
the name under which the applicant intends to conduct business
Keep in mind that an applicant must present a government-issued identification when arriving at
the state licensing test site. Should an applicant be using a "nickname" for his or her real estate
activities, both the name on the government issued identification card and the nickname should
be entered on the license application form. For instance, someone named Robert may like to be
called "Bob", "Rob", or "Bobby". In this case, the name on the license application should read as
follows:
how many parts is the license application ? - ANS-The license application is currently a two-part
process
Should The application be signed by the prospect and notarized. - ANS-yes -The application
must be signed by the prospect and notarized.
What are the parts of the license application ? - ANS-Part A = 90 hours of study
Part B = is completed once the prospect has successfully passed the licensing examination and
has found a sponsoring broker with which to be associated.
The sponsoring broker's notarized signature on Part B of the application must be returned to the
LREC prior to the applicant's license being issued. - ANS-The sponsoring broker's notarized
signature on Part B of the application must be returned to the LREC prior to the applicant's
license being issued.
Activities Requiring a License - ANS-Any brokerage services that a person performs on
another's behalf, for compensation
Authorization Required - ANS-No real estate activity can be conducted until the
sponsor has received written authorization from the
LREC authorizing such activity.
• Written authority can be either the license/registration
itself or notification by the LREC in writing.
Right to Receive Compensation - ANS-• the fact that only licensed individuals are authorized to
receive compensation for real estate activities.
• It goes on to state that if an unlicensed individual conducts activities for a fee and the principal
chooses not to pay for the services,
• a court would not render a judgment in favor of the unlicensed individual.
Can an applicant who 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 or a crime involving moral turpitude in any court of competent jurisdiction, such
untrustworthiness of the applicant, and the conviction, may in itself be sufficient grounds for
refusal of a timeshare interest sales registration. [§1437.1 (B) (2)] - ANS-No
Examination - ANS-An applicant for a real estate license must be professionally competent to
transact business. This competency is established by successfully completing the state
licensing examination supervised by the LREC. The LREC makes rules and regulations
governing the time, place, and method of the exam
- LREC supervises the exam to assure it consists of subjects which will determine the
applicant's professional competency to protect the interests of the public.
- The exam will be administered by either the State Civil Service or a national testing service.
-At the present time, the exam is administered by PSI, a national testing service, and is
supervised by the LREC.
Examination Authorization and scheduling "permission slip" - ANS-When the prospective
licensee submits Part "A" of the license application, the Louisiana Real Estate Commission staff
will process the paperwork. Once all of the requirements have been met, the LREC will issue an
examination authorization (think of it as a "permission slip") which authorizes the prospective
licensee to schedule the state test. The "permission slip" is valid for 90 days. This means that
the agent should schedule his or her examination with the testing service within 90 days of
being issued the authorization.
,It shall be the responsibility of each applicant that has received an examination authorization
from the commission to contact the designated national testing service for an appointment to
take the examination. [§501 (B)]
Should the prospective licensee not schedule and take the exam within the 90 days, the
prospective licensee will be given a new examination authorization form upon payment of the
processing fee. - ANS-It shall be the responsibility of each applicant that has received an
examination authorization from the commission to contact the designated national testing
service for an appointment to take the examination. [§501 (B)]
Should the prospective licensee not schedule and take the exam within the 90 days, the
prospective licensee will be given a new examination authorization form upon payment of the
processing fee.
Procedures of Examination - ANS-PSI, the testing service hired by the Louisiana Real Estate
Commission to administer the state licensing examination, publishes a "License Information
Bulletin" which contains all the information regarding the licensing process. This bulletin will be
provided to all applicants by the LREC or the school which the prospective licensee attended.
Cheating policy of examination - ANS-An examinee caught copying or sharing examination
questions or answers can be denied a license and required to forfeit the examination fee.
A licensee, school, or instructor caught stealing examination questions can have his or her
license, certification, or registration revoked or suspended.
Examination- Failure and retaking - ANS-any applicant who fails an examination may apply to
retake the examination by submitting a copy of the fail notice and a new examination processing
fee to the commission. 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. [§507 (A)]
-Should the applicant fail one portion of the exam, he or she is required to retake only the failed
portion. The score on the "passed" portion is valid for one year. If one year goes by and the
applicant has not passed the failed portion, then he or she will have to retake the entire exam.
Fees for licenses how long do they last ? - ANS-Fees
Fees for licenses, certificates, and registrations shall cover a period of one calendar year and
shall not be prorated.[§701 (A)]
The Louisiana Real Estate Commission license and renewal fees are based on a calendar year
and are not prorated for partial years.
Except as otherwise provided in these rules and regulations all fees submitted to the
commission are non-refundable. [§701 (B)]
are fees refundable for licenses, certificates, and registrations - ANS-no
Fees for licenses, certificates, and registrations - ANS-It is not a good idea to write a check to
the LREC from an account that does not have sufficient funds! The LREC has the authority to
cancel the transaction for which the insufficient funds check was issued, plus issuing a
worthless check to the LREC would be cause for suspension or revocation of license
, if you write a bad check to lREC what should happen - ANS-Persons issuing checks that are
returned to the commission by a financial institution for any reason shall be notified by certified
mail at the most current address of record. Within 10 days from the date of the notification, the
person issuing the check shall remit a certified check, cashier's check, or money order, to the
commission in the amount of the returned check, plus the processing fee prescribed in R.S.
37:1443. [§705 (B)]
what should accompany an Application form - ANS--Initial license applications shall be in such
form and detail as prescribed by the commission and shall be accompanied by the fees
prescribed in R.S. 37:1443.[§301 (A)]
-he license application must be accompanied by the appropriate fees
LREC has authority to prepare an application form and mandate its use. - ANS-Any person
desiring to act as a real estate broker or as a real estate salesperson, or any corporation,
partnership, limited liability company, or any 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: [§1437 (A)]
what name needs to be on your application - ANS-The name and address of the applicant and
the name under which the applicant intends to conduct business
Keep in mind that an applicant must present a government-issued identification when arriving at
the state licensing test site. Should an applicant be using a "nickname" for his or her real estate
activities, both the name on the government issued identification card and the nickname should
be entered on the license application form. For instance, someone named Robert may like to be
called "Bob", "Rob", or "Bobby". In this case, the name on the license application should read as
follows:
how many parts is the license application ? - ANS-The license application is currently a two-part
process
Should The application be signed by the prospect and notarized. - ANS-yes -The application
must be signed by the prospect and notarized.
What are the parts of the license application ? - ANS-Part A = 90 hours of study
Part B = is completed once the prospect has successfully passed the licensing examination and
has found a sponsoring broker with which to be associated.
The sponsoring broker's notarized signature on Part B of the application must be returned to the
LREC prior to the applicant's license being issued. - ANS-The sponsoring broker's notarized
signature on Part B of the application must be returned to the LREC prior to the applicant's
license being issued.
