Fine Citation Schedule
| LEGAL AUTHORITY | DESCRIPTION | 1ST VIOLATION
(within 5 years) |
2ND VIOLATION
(within 5 years) |
3RD VIOLATION
(within 5 years) |
|---|---|---|---|---|
| LAC46:LXVII.2501
(Chapter 25) |
Advertising Violations (Note: Fine amounts assessed to both the Licensee and the Broker.) | $250 | $500 | $1,500 |
| LAC 46:LXVII.2603; 2605 | Residential Property Management; Written Authorization Required; Failure to Open Mandatory Accounts | $150 | ||
| LAC 46:LXVII.2701 | Escrow and Trust Accounts; Resident Broker Requirements; improper account name. | $150 | ||
| LAC 46:LXVII.2708 | Escrow and Trust Accounts; Signatory Rights on Accounts. | $150 | ||
| LAC 46:LXVII.2711 | Escrow and Trust Accounts; Non-Interest-Bearing Checking Accounts. | $150 | ||
| LAC 46:LXVII.2715 and 2717; La. R.S. 9:3251 | Escrow and Trust Accounts; Withdrawl and/or Deposit Violations; Failure to Provide Itemized Statement within 30 Days (Unlawful Retention of Deposit Money) | $325 | $575 | $1,575 |
| LAC 46:LXVII.2901 | Disbursement of Escrow Deposits; failure to properly disburse. | $325 | ||
| LAC 46:LXVII.3101 | Reporting Change of Addresses and / or Telephone Number; failure to report. | $100 | ||
| LAC 46:LXVII.3900 et seq
(Presentation of Offers and Counteroffers) |
Purchase Agreement Forms; Timely Presentation of Offers and Counteroffers; Transactions; Rejection of Offers and Counteroffers; Failure to Annotate | $500 | $1,000 | $1,500 |
| LAC 46:LXVII.5101 | Out-of-State Broker Cooperation; Failure to file cooperating agreement with LREC | $325 | $575 | $1,575 |
| La. R.S. 37:1437(C)(1)(c) and (C)(4)(b) | Failure to complete (45) hour post-licensing (PL) course; broker/ salesperson. | $325 | ||
| La. R.S. 37:1437(C)(5)(a) | Failure to complete (12) hours of annual continuing education. | $325 | $575 | $1,575 |
| La. R.S. 37:1442(A) | Issuance and renewal; conducting real estate activity after credential expiration. | $325 | $575 | $1,575 |
| La. R.S. 37:1448.4
(Act 690. 2024 R.S.; Eff. Aug. 19, 2024) |
Buyer Broker Agreements; Failure to execute and/or retain a buyer agreement, incl. compensation payable to broker. | $500 | $1,000 | $1,500 |
| La. R.S. 37:1449(A) | Record retention; failure to provide documents to principal. | $150 | ||
| La. R.S. 37:1449(B) | Record retention; failure to timely provide documents within (5) days. | $150 | ||
| La. R.S. 37:1449(D) | Record retention; failure to properly maintain records for (5) years. | $500 | $1,000 | $1,500 |
| La. R.S. 37:1455(A)(9); LAC 46:LXVII.3501 |
Disclosure; Licensee as Principal in a Real Estate Transaction; Failure to disclose dual capacity as agent and principal in a transaction. | $500 | $1,000 | $1,500 |
| La. R.S. 37:1455(A)(21) | Disclosure; failure to provide agency disclosure pamphlet or dual agency form. | $150 | ||
| La. R.S. 37:1455(A)(33) | Disclosure; failure to provide property disclosure form. | $150 | ||
| La. R.S. 37:1469 | Offender notification; Failure to include notice of statewide database (Leases) | $150 |