Chapter 12 of 1540% of exam

Louisiana License Law and the Real Estate Commission

Louisiana real estate practice is governed by the Louisiana Real Estate License Law in Title 37 of the Revised Statutes and the rules of the Louisiana Real Estate Commission (LREC). This chapter reviews the Commission's authority, broker sponsorship, and Louisiana's distinctive E&O insurance requirement.

The Louisiana Real Estate Commission

The Louisiana Real Estate Commission (LREC) administers and enforces the Louisiana Real Estate License Law under Title 37 of the Revised Statutes. It licenses salespersons and brokers, approves education providers, investigates complaints, and imposes discipline. Anyone who sells, leases, or manages real estate for others for compensation must be licensed unless statutorily exempt.

Broker Sponsorship

A Louisiana salesperson must be sponsored by and licensed under a Louisiana broker. The sponsoring broker is responsible for the salesperson's licensed activity, advertising, and the handling of client funds. A salesperson cannot conduct real estate business independently of a sponsoring broker.

Mandatory Errors and Omissions Insurance

Louisiana requires all active licensees to carry errors and omissions (E&O) insurance as a condition of active licensure. The Commission makes a group policy available, but a licensee may obtain equivalent coverage independently. Allowing E&O coverage to lapse affects a licensee's ability to practice.

State-specific details

State exam facts

Exam vendor
PSI
Prelicensing education
90 hours of approved salesperson pre-license education
How many prelicensing hours does Louisiana require to become a real estate agent?

Louisiana requires a 90-hour salesperson pre-license course approved by the Louisiana Real Estate Commission before you sit for the state exam.

Who licenses real estate agents in Louisiana?

The Louisiana Real Estate Commission (LREC) licenses salespersons and brokers. LREC uses PSI to deliver the exam.

How is the Louisiana salesperson exam structured?

The Louisiana salesperson exam is delivered by PSI with a national portion and a Louisiana state portion, scored separately; you must pass both. Confirm the current scored-question counts in the PSI Candidate Information Bulletin.

Sources: https://lrec.gov/licensing/, https://www.psiexams.com/

Studying in order?

Practice stays free. The full Louisiana Real Estate Salesperson Exam study guide is the material itself, taught start to finish — a downloadable PDF + EPUB you keep.

Get the book — $14.99
Report