La. Admin. Code tit. 46 § LXVII-5103
Current through Register Vol. 50, No. 12, December 20, 2024
Section LXVII-5103 - Referral FeesA. A licensed broker in this jurisdiction may divide or share a real estate commission with a licensed broker in another jurisdiction whenever the licensed broker in the other jurisdiction acts only as a referral agent who is not involved in the actual negotiations, execution of documents, collections of rent, management of property, or other real estate brokerage activity in a real estate transaction which involves more than the mere referral of a client or customer to the licensed broker of this jurisdiction.La. Admin. Code tit. 46, § LXVII-5103
Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:52 (January 2000), repromulgated 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.