real estate agent is subject to the law. REALTORS, however,
subscribe to a higher standard of practice, going above
and beyond what the law requires. REALTORS are bound
to serve their clients, customers and fellow practitioners
with the utmost care, concern and respect. A dedication
to achieve the standard of excellence put forth in the
REALTOR Code of Ethics is not only a REALTORS' best
risk management tool - but it's good for business too.
To help its members maintain
their high ethical standards, Louisiana REALTORS provides
its members with a variety of risk management tools.
Services such as the LR Legal Hotline, Legal Defense
Fund, complete briefings on legal issues such as RESPA
compliance, Do-Not-Call, mold, as well as sample contract
language and recommended practices and procedures are
just a few of the legal resources available to LR members.
Several of these resources
are available through this website and are listed below.
For more information, contact Scott
Johnson at 1-800-266-8538
Louisiana REALTORS has advised its members to evaluate
their current practices with regards to compliance with
the Real Estate Settlement Procedures Act of 1974 (RESPA),
due to increased investigations of potentially illegal
compensation to real estate practitioners by the U.S.
Department of Housing and Urban Development. The National
Association of REALTORS has produced a "Q&A"
document that addresses a number of frequently asked
questions about RESPA:
RESPA Q&A (PDF)
have reason to suspect mortgage fraud or have a complaint
against a mortgage lender, bank, credit union or other
entity regulated by the Office of Financial Institutions,
please view this pdf file to learn how to file a complaint.
The Louisiana REALTORS annual Broker Manual is an
issue-oriented handbook designed to help brokers keep
up with changes in the industry. (Requires Member
Real Estate Forms
A selection of commercial real estate agreements and
transaction documents for use by commercial members.
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