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.
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A) Your annual dues statement contains one way to make a voluntary contribution to the Louisiana REALTORS® Political Action Committee. 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 through involvement in advocacy campaigns. This assures as your business partner, we make a difference in the way you do business in Louisiana.
A) Louisiana’s Graduate, REALTOR® Institute program is recognized as one of the top GRI programs in the nation. Surveys show GRI designees make more money than non-designees and they are more likely to survive the difficult first few years of a real estate career. Louisiana law now requires 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) Someone suggested 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 agents from across the state.
A) Louisiana REALTORS® operates a Legal 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. Read up on past inquiries in the Legal Hotline Knowledge Base.
A) To preserve the exclusivity and integrity of the marks, you have an obligation to properly use the terms and to notify your local 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.
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.
Louisiana REALTORS® is a statewide, member-based trade association established to assist its members in the business of real estate.
Fees- 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.
Education-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®.
Errors & Omission Insurance-Louisiana REALTORS® encouraged the introduction of legislation that mandates Errors & Omission insurance coverage for real estate licensees. We do not endorse, sell or contract with E&O providers.
Legal Defense-Louisiana REALTORS® provides legal advice through the Legal Hotline and maintains a legal defense fund for REALTORS® involved in lawsuits impacting the real estate industry as a whole.
Complaints- Local Boards of REALTORS® are charged with enforcing the National Association of REALTORS® Code of Ethics. Louisiana REALTORS® may also provide hearings for Local Boards and at-large members. Through the Member Board structure, members may be fined, reprimanded, suspended or have their membership terminated.
Louisiana Real Estate Commission
The Louisiana Real Estate Commission is a state government commission established to regulate the licensing of real estate professionals and protect consumers.
Fees-Louisiana law requires EVERY real estate sales associate and broker to be licensed. An annual license fee is charged by the LREC.
Education- The LREC requires every candidate for licensure to complete a battery of pre-licensing courses and 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-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.
Legal Defense-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.
Complaints-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 licenses and all requirements to satisfy continuing education credit. The LREC has the authority to revoke or suspend licenses.