Q) What do I get for my dues dollars?
A) As a REALTOR®, your dues dollars protect your profession. The primary benefits provide you with legal protection, better laws to practice real estate and educate you as a professional in today's real estate environment.
We are your resource for information on:
- Issues that could cause legal challenges
- Legislative issues on the local, state and federal levels
- Professional training and education on real estate issues
- Providing standards in all areas of transacting real estate in Louisiana
Q) Why should I pay a voluntary LARPAC contribution on my dues statement?
A) Your annual dues statement contains one way to make a voluntary contribution to the Louisiana REALTORS® Political Action Committee (LARPAC). These LARPAC funds are used to support political candidates who listen to REALTOR® positions on issues affecting your business. LARPAC also supports or works to defeat issues by getting involved in advocacy campaigns. This assures that as your business partner, we make a difference in the way you do business in Louisiana.
Q) Why should I earn the GRI designation?
A) Louisiana's Graduate, REALTOR® Institute (GRI) program is recognized as one of the top GRI programs in the nation. Surveys show that not only do GRI's make more money than non-designees, but that they are more likely to survive the difficult first few years of a real estate career. Louisiana law now requires that newly-licensed agents and brokers take 30 hours of post-licensing education within their first year. Because many of the GRI courses also qualify for state credit, you can meet the legal education requirements and be well on your way to earning the most prestigious real estate designation.
Q) Are there any other designations I can earn?
A) Yes. In fact, read through LR's designation page to learn about all the different types of designations you can earn. LR offers several different designation courses throughout the year so be sure to browse the education calendar to find out when you can start earning designations.
Q) How do I file an ethics complaint or a request for arbitration?
A) Contact your member Board. All ethics complaints and arbitration requests begin there. You will be asked to write down your complaint and, if deemed appropriate, to appear at a hearing.
Q) What about the State Association's insurance programs?
A) We offer several insurance programs to our members. Visit our Member Benefits page to learn about the different insurance programs we offer.
Q) Someone suggested that I go to a Louisiana REALTORS® Conference, but I don't see how it will help my business. Will it?
A) YES. Louisiana REALTORS® Conferences offer excellent seminars, workshops and education opportunities with national speakers. It also gives you a chance to network with top real estate performers from throughout the state.
Q) Can Louisiana REALTORS® help me with legal issues?
A) The Louisiana REALTORS® operates a Legal Assistance Hotline that gives your broker access to Louisiana real estate law specialists who can help you deal with situations that may arise in your business.
Q) Why should I be concerned about proper use of the REALTOR® trademark?
A) To preserve the exclusivity and integrity of the marks, you have an obligation to properly use the terms and to notify your member board or state association of any unauthorized or improper uses. Remember, the term REALTOR® must always appear in capital letters, and must always separate the term REALTOR® from your name or firm's name with punctuation, even when they appear on separate lines. Learn more with a quick guide to proper trademark use.
Q) Do I have to be a broker to serve on a Louisiana REALTORS® team?
A) Absolutely not. More and more new people are getting involved with Louisiana REALTORS®. We are thrilled to have new participants and we welcome any member who wants to take a more active role in the association.
Q) Do I get any special discounts due to being a member of Louisiana REALTORS®?
LR & LREC: What's the Difference?
Louisiana REALTORS® is a statewide, member-based trade association established to assist its members in the business of real estate.
The Louisiana Real Estate Commission is a state government commission established to regulate the licensing of real estate professionals and protect consumers.
|A licensee becomes a member of Louisiana REALTORS® when they join a Member Board of REALTORS®. Annual dues are collected for local, state and national REALTOR® membership.||Louisiana law requires that EVERY real estate sales associate and broker be licensed. An annual license fee is charged by the LREC.|
|Louisiana REALTORS® administers advanced real estate coursework and confers professional designations such as the Graduate, REALTOR® Institute (GRI). The majority of these courses also qualify towards LREC pre-licensing or continuing education credits. For information on earning a professional designation such as the GRI, contact Louisiana REALTORS®.||LREC requires every candidate for licensure to complete a battery of pre-licensing courses and twelve (12) hours of continuing education each year to maintain their license. The LREC maintains records for annual hours of credit received. If you have any questions about the status of your pre-licensing or continuing education credits, you should contact the LREC.|
|Errors & Omission Insurance|
|Louisiana REALTORS® encouraged the introduction of legislation, which mandates Errors & Omission (E&O) insurance coverage for real estate licensees. We do not endorse, sell or contract with E&O providers.||LREC contracts with E&O providers and monitors the E&O policies of licensees. If you have a question about purchasing E&O insurance, contact the LREC.|
|Louisiana REALTORS® provides legal advice through the Legal Assistance Hotline and maintains a legal defense fund for REALTORS® involved in lawsuits that impact the real estate industry as a whole.||The LREC provides assistance for the consumer, seller and buyer, who may have been wronged by a real estate licensee not abiding by the rules and laws governed by the LREC.|
|Member Boards of REALTORS® are charged with enforcing the National Association of REALTORS® Code of Ethics. Louisiana REALTORS® may also provide hearings for Member Boards and at-large members. Through the Member Board structure, members may be fined, reprimanded, suspended or have their membership terminated.||
The LREC is charged with enforcing the provisions of Title 37, Chapter 17 of the Louisiana Revised Statute of 1950. The LREC establishes regulations and procedures for the issuance of all real estate licensees and all requirements to satisfy continuing education credit. The LREC has the authority to revoke or suspend licenses.