La. Admin. Code tit. 46 § LXVII-5307

Current through Register Vol. 50, No. 11, November 20, 2024

Section LXVII-5307 - Certificates of Authority; Initial and Renewal Certifications

A. The certification to operate as a real estate school shall be issued in the form of a certificate of authority and shall include an assigned certification number that shall be included in all advertisements of approved courses and on all forms, documents, and reports filed with the commission.

B. A certificate of authority shall not be issued or renewed for any real estate school applicant that holds a real estate broker license and whose school is designed, intended, and/or primarily used for instruction of the broker's future salesperson or broker affiliates.

C. A certificate of authority for an initial application that is submitted and approved after October 31 may be issued effective January 1 of the following year.

D. A certificate of authority shall be issued for a maximum period of one calendar year and shall expire annually on December 31 unless an application for renewal is submitted.

E. Failure to renew a certificate of authority by December 31 shall result in the automatic suspension of all course approvals issued under the certificate of authority. The commission shall not accept any pre-license education courses for credit, if the courses were offered after the expiration of the certificate of authority.

F. Applications for delinquent renewal of a certificate of authority shall not be accepted by the commission after December 31. Failure to renew an expired Certificate of Authority during the prescribed delinquent period of October 1 through December 31 shall result in the forfeiture of renewal rights. Any real estate school that becomes ineligible to renew a Certificate of Authority shall apply as an initial applicant.

La. Admin. Code tit. 46, § LXVII-5307

Promulgated by the Office of the Governor, Real Estate Commission, LR 37:3014 (October 2011), Amended LR 49656 (4/1/2023).

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