The LREC/LREAB is closely monitoring the COVID-19 virus situation. This page will be continually updated with new information as decisions are made. June 5, 2020 Office reopening: The LREC/LREAB offices are now open to the public. We are operating with a rotating skeleton staff, which may result in longer processing times. If you do not […]
At its June 20, 2019 meeting, the Louisiana Real Estate Commission approved a motion regarding the use of federal proprietary purchase agreements/contracts in place of the mandatory purchase agreement prescribed by the LREC. See below for the text of the adopted motion: LREC will not censure, suspend, fine, or impose civil penalties or continuing education […]
Dear Louisiana Real Estate Community, While I haven’t had to look for housing for the last four years, I know that Louisiana’s real estate professionals perform an invaluable service for a critical part of our state’s economy. Real estate is a cornerstone of so many other professions, including title companies, appraisers, lenders, inspectors, movers, and […]
The Louisiana Real Estate Commission has partnered with StateReporting.com to provide continuing education management services. The services provided by StateReporting.com are completely optional and free for licensees to use.
If you do not renew your E&O policy for any reason, including inactivating or retiring your license, you may want to consider purchasing an ERP endorsement, because claims often arise years after a transaction occurred.
While policies administered vary from state to state, it is always important to understand how your coverage applies and what professional services it insures. Real estate E&O policies typically apply to claims made against an insured alleging a negligent act, error, or omission in professional services.