REALTORS Red Stick Report
The Louisiana REALTORS Red Stick Report is the association's monthly
e-newsletter on legal and legislative topics of interest to members.
here to view the latest issue online at LAREALTORS.org.
REALTORS Legal Hotline
The Louisiana REALTORS Legal Hotline allows brokers to receive answers
to questions pertaining to real estate law and compliance issues. Brokers
simply submit their questions in writing to the Hotline Fax (225-926-5922).
Questions are then referred to the appropriate legal counsel and a response
is forwarded to brokers typically within two business days. This valuable
member service allows access to legal advice without incurring hourly
lawyer fees. Questions received through the Hotline allow Louisiana
REALTORS to track issues of concern to its members and develop programs
and services to address them.
The online Louisiana REALTORS Legal HOTLINE Archive allows members to
view past Hotline inquiries and responses categorized by issue topic.
We would like to remind you that all responses featured in the archive
are time sensitive. They reflect the law, regulations and ethical considerations
in effect at the time of the response. Click
here to access the Legal Hotline Archive.
The Louisiana REALTORS Legal Action Fund assists members when the state
association feels that it will be beneficial to the industry as a whole,
to the member boards, and to the individual members of the member boards,
either to intervene in litigation as a friend of the court or to assist
its member boards or individual members under certain circumstances
with legal and/or financial assistance. See pages 335-338 of the Legal
Issues Briefing document on this CD for details on the program and application
REALTORS Legal Issues Briefing
Louisiana REALTORS is pleased to provide you with a Legal Issues Toolkit
for your quick reference. This important resource contains background
history and helpful hints on many real estate related topics and issues
of interest. Also included with this toolkit are the 2004 responses
from LR's legal hotline and links to other important references.
REALTORS Legal Issues Briefing
12/31/07 - 444 pages)
Legal Issues Briefing is intended to be used for informational purposes,
and will give you a guide to follow should these topics present themselves
within your firm. Topics included in this downloadable Word document
are as follows:
Agency Relationships - LREC Rules & Regs (pages 13-29)
• Purchase Agreement and Closing
Issues (pages 30-46)
• Anti-Trust (pages 47-54)
• Employment/Compliance (pages
• Environmental Overview (pages
• Alternative Dispute Resolution
• Employment/Office Policies (pages
• Cell Phone Use and Employer Liability
• Non-Compete Agreements (page 163-165)
• RESPA (pages 166-177)
• Property Condition Issues (pages 178-222)
• Property Taxes (pages 223-230)
• Wetlands (pages 231-345)
• Do-Not-Call (pages 247-248)
• Do-Not-Fax (pages 249-252)
• Anti-Spam Regulation (pages 253-255)
• Fair Housing (pages 256-263)
• Eminent Domain (pages 264-267)
Electronic Filing (pages 268)
• Foreclosure (pages 269)
• Prescriptive Period on
Contracts to Purchase and Sell Immovable Property (pages
• Mineral Rights/Use of Surface Rights (pages
• Condominium Association
Lien (pages 272-273)
• Trademark (pages
• Legal Action Fund (pages 275-278)
• Legal Hotline & 2005, 2006, 2007 Hotline Summaries
• Louisiana Case Law Update (pages 425-444)
that you find the Legal Issues Briefing beneficial as you face these
issues in your day-to-day business. It is another way that Louisiana
REALTORS is working to be your partner in success.
provided through the Louisiana REALTORS Legal Hotline Service should
not be construed as specific legal advice, nor are they designed to
cover every aspect of a legal situation or every factual circumstance
that may arise. Nor is a Hotline response a substitute for your own
attorney. It is merely an opportunity to share what legal issues other
REALTORS are facing and, hopefully, to heighten your awareness with
respect to specific issues.
All responses featured in the Legal Hotline archive are time sensitive.
They reflect the law, regulations and ethical considerations in effect
at the time of the response. We consequently caution against reliance
on any response without further inquiry.
The Legal Issues Briefing is intended to keep Louisiana REALTOR members
abreast of legal issues and other developments affecting real estate
brokerage and sales, and to supplement educational programs of the Louisiana
The Legal Issues Briefing is a source of general information for your
exclusive use. The association cannot warrant the accuracy of the information
contained in this publication.
The Legal Issues Briefing is for information purposes only and the association
members are responsible for contacting their own attorneys or other
professional advisors for advice regarding legal accounting and tax
The sample policies and forms contained herein are designed to give
your company guidance as to the policies and procedures required by
state and federal laws, and some suggestions as to policies and procedures
used within the industry. These sample policies should be adapted to
fit your specific company’s preferences and needs.
These sample policies and forms should not take the place of legal advice.
You should tailor these sample policies and forms to your company’s
specific needs and then have it reviewed by your legal counsel, accountant
or other person with knowledge to insure compliance in your area.
The Louisiana REALTORS specifically DISCLAIM ANY WARRANTIES, PROMISES
OR GUARANTEES, EXPRESS OR IMPLIED, THAT THE LEGAL ISSUES BRIEFING DOCUMENT
OR THE SAMPLE POLICIES OR FORMS CONFORMS TO ALL STATE AND FEDERAL LAWS
AS MAY BE REQUIRED FOR YOUR COMPANY.