La. Admin. Code tit. 46, § LXVII-303 - Sponsorship
A. Applicants for a
salesperson license shall be sponsored by an active licensed broker and shall
submit the Affidavit of Sponsorship Form (Part B) prescribed by the commission
as proof of sponsorship.
B. The
Affidavit of Sponsorship Form (Part B) may be submitted with the initial
license application, but no later than 90 days after passing the license
examination.
C. If the Affidavit of
Sponsorship Form (Part B) is not received within the prescribed 90 days, an
inactive license shall be issued to the salesperson applicant who shall then be
subject to the Louisiana Real Estate License Law and the commission rules and
regulations regarding inactive licensees. An active license shall not be issued
until such time as the Transfer to Active Status Form prescribed by the
commission is received.
D.
Applicants for a broker license who elect to be sponsored by an active licensed
broker shall be exclusively affiliated as an associate broker of the sponsoring
broker.
E. Active licensed brokers
who elect to sponsor an applicant for a real estate license shall be subject to
the duties and penalties prescribed for sponsoring brokers in the Louisiana
Real Estate License Law and commission rules and regulations and shall bear the
responsibility for the license activity of any sponsored licensee, which shall
also include ensuring timely license renewal prior to the practicing of real
estate.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
A. Applicants for a salesperson license shall be sponsored by an active licensed broker and shall submit the Affidavit of Sponsorship Form (Part B) prescribed by the commission as proof of sponsorship.
B. The Affidavit of Sponsorship Form (Part B) may be submitted with the initial license application , but no later than 90 days after passing the license examination.
C. If the Affidavit of Sponsorship Form (Part B) is not received within the prescribed 90 days, an inactive license shall be issued to the salesperson applicant who shall then be subject to the Louisiana Real Estate License Law and the commission rules and regulations regarding inactive licensees. An active license shall not be issued until such time as the Transfer to Active Status Form prescribed by the commission is received.
D. Applicants for a broker license who elect to be sponsored by an active licensed broker shall be exclusively affiliated as an associate broker of the sponsoring broker.
E. Active licensed brokers who elect to sponsor an applicant for a real estate license shall be subject to the duties and penalties prescribed for sponsoring brokers in the Louisiana Real Estate License Law and commission rules and regulations and shall bear the responsibility for the license activity of any sponsored licensee, which shall also include ensuring timely license renewal prior to the practicing of real estate.