Role of the Real Estate Commission & REALTOR® Associations
Amy Fennell • November 28, 2017
Louisiana REALTORS® has put together a helpful guide to understanding the difference in the roles of the Louisiana Real Estate Commission and the REALTOR® Associations. Usually, towards the end of the year when license renewals and member dues billing gets sent out there is quite a bit of confusion about what fees and payments are due and to which entity they go to. There can also be confusion on education requirements and deadlines. This graphic is an effort to help clear some of that up!
It is important to note that not every real estate licensee is necessarily a REALTOR® member. The Louisiana Real Estate Commission is the state agency that issues licenses and regulates the licensee with a primary focus on protecting the consumer in real estate transactions. The REALTOR® organization is a trade association that is multi-tiered. Members join the organization at the local level and in turn are members of the state and national level as well. (Also referred to as "Three-way Agreement"). To view the list of all Louisiana's local boards, click here.
It is important to use NAR's membership marks—including the REALTOR® logo and the terms REALTOR®, REALTOR-ASSOCIATE®, REALTORS®—correctly and according to the rules outlined in this Membership Marks Manual.
NAR is pleased to share the latest consumer guide focused on how the VA Home Loan offers a great path to homeownership for current and former military service members. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: What Is the VA Home Loan Guaranty? 10 Tips for Packing Smartly for a Move State and Local Tax (SALT) Deductions Buying a Historic Property Making Your Home More Energy Efficient Working with a Real Estate Attorney Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for the next consumer guide, which outlines requirements for private mortgage insurance and how it protects lenders and consumers.
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