Property Management requirements in Louisiana

Must Louisiana property management companies have a real estate broker's license?

Yes, if a property manager is going to lease, rent, list, procure prospects or negotiate, assist, or offer to perform any of those acts, her or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Must Louisiana community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in Louisiana.

Louisiana Real Estate Broker Requirements:

actively licensed as a real estate salesperson for at least two years in any state/jurisdiction
high school diploma or equivalency certificate (GED)
proof of successful completion of one hundred fifty (150) classroom hours or its equivalent in courses specified and approved by the LREC
comply with all application procedures required by the LREC
pass the broker licensing examination
provide proof of mandatory errors and omissions insurance prior to issuance of license

IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.