La. Admin. Code tit. 46 § LXVII-4903

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

Section LXVII-4903 - Requirements for License

A. Any person residing in and licensed as a real estate broker or salesperson in a state whose appropriate authority has entered into a reciprocal agreement with the commission shall be granted an equivalent non-resident license by the commission upon applying and complying with the following requirements:

1. providing the commission with sufficient proof of his licensing by his resident state;

2. paying all fees prescribed for an equivalent Louisiana resident license;

3. filing an irrevocable appointment of agent for service of process with the commission appointing the executive director as the licensee's agent for service of process in all matters arising out of or in conjunction with any real estate activities conducted by the licensee in Louisiana;

4. corporation-procuring a certificate of authority to do business in Louisiana from the Louisiana Secretary of State and providing the commission with a copy; and

5. partnership or limited liability company-procuring a certificate of registry as a foreign partnership from the Louisiana Secretary of State and providing the commission with a copy.

B. A license applicant who has been a resident of Louisiana for not more than 90 days may be considered by the commission as a non-resident for purposes of this Section.

La. Admin. Code tit. 46, § LXVII-4903

Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:51 (January 2000), amended by the Office of the Governor, Real Estate Commission, LR 37:3013 (October 2011).

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