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