Bob Brooks School can assist in fulfilling all seven license requirements necessary to start your Louisiana real estate career successfully! We understand what an exciting and lucrative venture this can be!
Obtaining your license requires taking 90-hour pre-licensing courses and passing the state licensing exam, while also finding a sponsoring broker and submitting your initial license application with proof of errors and omissions insurance coverage.
Education Requirements
Real estate agents in Louisiana must fulfill specific educational requirements before becoming licensed agents, which include taking and passing a 90-hour pre-licensing course, passing a background check and passing the state real estate exam. Course topics cover real estate law, agency relationships and practices and state regulations. Furthermore, agents must join the National Association of Realtors by paying one-time membership dues as well as annual association dues.
Many prospective agents choose online courses as the convenient means of completing their pre-licensing education, making their busy lives less complicated. Furthermore, these courses often include study materials and practice exams for taking state real estate exams – these will give prospective agents a higher chance of passing than working alone on them! Taking state exams may seem intimidating at first; working closely with an instructor can increase chances of success significantly.
After finishing their education, prospective real estate agents must submit an application and one-time license fee to the Louisiana Real Estate Commission (LREC). This process includes submitting a completed application as well as paying one-time license fees; LREC also conducts background checks to make sure no felonies disqualify prospective agents; applicants with felonies can still qualify for licenses by submitting an additional Felony Applicant Form as well as additional background checks and procedures before receiving one.
Once a license application has been approved by LREC, an applicant must complete a 45-hour post-licensing course within 180 days of being licensed and submit proof of Errors and Omissions insurance coverage as well as their sponsoring broker’s acknowledgment page and declaration form.
Prospective real estate agents can obtain their license through a sponsoring broker who acts as their mentor, making this an excellent way for newcomers to the industry to gain industry experience and familiarize themselves with Louisiana real estate landscape.
Continuing education for Louisiana real estate agents is indispensable, as it allows them to stay abreast of changes to both the legal framework and industry trends. Furthermore, continued training ensures they adhere to stringent ethical standards while meeting regulatory requirements – while advanced credentials may open up careers or positions of leadership within their industry.
Brokerage Requirements
Louisiana is an ideal state to begin your real estate career, as its vibrant housing market and diverse economy present ample opportunity for those searching for their next home or selling one they currently reside in. But before making your mark in Louisiana’s Big Easy, you must meet all licensing requirements of The State. Follow this step-by-step guide on becoming a real estate agent in Louisiana to start off on the right foot!
Becoming a Louisiana real estate agent begins with completing 90 hours of approved prelicensing education, which for salesperson exam includes courses such as real estate principles and practices, license law, commission rules/regulations and law of agency. After successfully completing these courses you are able to register for Pearson Vue’s two-part national and state real estate exam; upon passing you will also need sponsorship from a licensed broker as well as proof of errors and omissions insurance before your license can become active.
Sponsoring brokers are licensed real estate professionals who help guide new agents as they start their careers in real estate. They provide training, tools, advice and mentoring that enable agents to grow their business while adhering to all applicable laws and regulations. When exploring this career option it’s essential that you conduct sufficient research on potential brokerage firms as to the mentorship and education offered therein.
Once you’ve fulfilled all the prelicensing requirements and registered for the real estate exam, and found a sponsoring broker, you’re ready to kickstart your Louisiana real estate agent career! Be sure to keep up with your annual education requirements while looking out for educational opportunities in order to stay abreast of industry trends and stay ahead of them!
Real estate can be an exciting and fulfilling career path, and now is never too late to pursue your passion. Contact Bob Brooks School immediately if you’re ready to take the next steps towards earning your license and explore our real estate courses and exam prep offerings.
License Requirements
Real estate agents provide invaluable assistance for buyers and sellers when purchasing homes, commercial properties, or land. As part of the home-buying process, real estate agents provide property value information as well as comparable sales data to buyers. Furthermore, real estate agents possess intimate knowledge of their surrounding community which they can use to advise both parties regarding schools, neighborhoods, etc.
Louisiana Real Estate Commission requires applicants for licensure as real estate agents to possess at minimum a high school diploma or equivalent and complete 90 hours of prelicensing courses successfully before taking both national and state licensing exams. Once your exams have been passed, submit your license application to them through Clearbox system which offers background checks before finding a sponsoring broker and providing proof of Errors and Omissions insurance before being issued with your license.
Once you have fulfilled all the necessary steps, your license should be sent by the LREC. In order to maintain it, 45 hours of post-licensing education will need to be completed within the first two years of licensure.
Louisiana real estate agents typically earn an annual average salary of approximately $35,860 – slightly lower than the national average but still a good living from working full-time in this field.
Acquiring your real estate license in Louisiana may be a long and arduous process, but it will pay dividends when completed. Once licensed, you’ll be ready to list and sell properties throughout The Big Easy as you begin your career in real estate – good luck!
Exam Requirements
Real estate can be an exciting career path. Before selling homes in Louisiana though, you must obtain your license first – this article will outline how this can be accomplished so you can launch your real estate career there!
Step one of becoming a real estate agent in Louisiana is enrolling in pre-licensing classes offered by real estate schools, typically as prepping classes for licensing exams. This course typically covers topics like real estate law, commission rules and regulations and civil law of real estate; after completion you’ll be ready to take both state and national exams.
Once you’ve completed your prelicensing coursework, the LREC requires that you submit an application. This application requires personal details like your name, birthdate and address as well as fingerprints for criminal background check purposes – an integral part of protecting both clients and yourself against unlicensed or unethical agents.
Once you’ve submitted and passed a background check, it’s time for your licensing exam. Pearson Vue will administer it, with two components comprising 80 questions in its national portion and 55 in its state portion; you can choose to take both parts at once or separately – computer-based exams will give you up to 105 minutes per part; 75 for state. In order to receive your license you must pass both parts.
Once you’ve obtained your license, in order to gain experience in real estate brokerage you must work under a broker and join a realtor association if required by Louisiana state. Both salespeople and brokers must attend continuing education courses annually as part of this requirement.