Louisiana License Law
In Louisiana, which of the following activities would require a real estate license?
AA property owner managing their own duplex personally
BA retired schoolteacher who regularly helps friends sell their homes for a finder's fee✓ Correct
CA bank officer who approves mortgage loans
DA licensed home inspector who identifies property defects
Explanation
Regularly helping others sell or purchase real estate for compensation requires a Louisiana real estate license. A finder's fee for regularly assisting in real estate transactions constitutes compensation for licensed activity, making licensure required.
Related Louisiana Louisiana License Law Questions
- Under Louisiana License Law, a real estate agent who discovers during a transaction that they have a personal financial interest (e.g., as a co-owner) in the property being sold must:
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- Under Louisiana License Law, a licensee who solicits a seller with a property listed with another broker (active listing) by suggesting they should cancel and relist with the soliciting licensee is engaging in:
- In Louisiana, can a real estate salesperson be disciplined by the LREC even if the broker was unaware of the salesperson's actions?
- In Louisiana, a salesperson's license expires when their supervising broker's license expires or is revoked because:
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- A Louisiana real estate licensee who wants to advertise on social media platforms must ensure the advertising:
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