La. Admin. Code tit. 46 § LXVII-2603

Current through Register Vol. 50, No. 12, December 20, 2024

Section LXVII-2603 - Management Authorization

A. Licensees shall not engage in property management on behalf of another without written authorization from the property owner(s). Salespersons and associate brokers shall not conduct property management functions on behalf of another, except through their sponsoring broker.

B. Written authorization to manage property must at minimum include the following:

1. the duties and responsibilities of the property manager;

2. the authority and powers given by the property owner to the property manager;

3. the period of the agreement; and

4. the management fees charged to the property owner

La. Admin. Code tit. 46, § LXVII-2603

Promulgated by the Office of the Governor, Real Estate Commission, LR 45422 (3/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 etseq.