La. Admin. Code tit. 46 § LXVII-5505

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

Section LXVII-5505 - Real Estate Vendor Certifications; Initial and Renewal Certificates

A. The commission shall issue a real estate education vendor certificate to all applicants approved under this Chapter.

B. The commission shall assign a certificate number that shall be included in all advertisements of approved courses and on all forms, documents, and reports filed with the commission.

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

D. A vendor certification 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 vendor certification by December 31 shall result in the automatic suspension of all course approvals issued under the certification, and the commission shall not accept any post-license education or continuing education courses for credit, if the courses were offered after the expiration of the certification.

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

La. Admin. Code tit. 46, § LXVII-5505

Promulgated by the Office of the Governor, Real Estate Commission, LR 37:3019 (October 2011), Amended LR 49657 (4/1/2023).

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