Compliance
Legal Authority
1st Violation
2nd Violation
3rd Violation
LAC 46:LXVII.2603; 2605
Residential Property Management; Written Authorization Required; Failure to Open Mandatory Accounts
1st Violation
$
150
2nd Violation
$
3rd Violation
$
LAC 46:LXVII.2701
Escrow and Trust Accounts; Resident Broker Requirements; improper account name.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
LAC 46:LXVII.2708
Escrow and Trust Accounts; Signatory Rights on Accounts.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
LAC 46:LXVII.2711
Escrow and Trust Accounts; Non-Interest-Bearing Checking Accounts.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
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)
1st Violation
$
325
2nd Violation
$
575
3rd Violation
$
1575
LAC 46:LXVII.2901
Disbursement of Escrow Deposits; failure to properly disburse.
1st Violation
$
325
2nd Violation
$
3rd Violation
$
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
1st Violation
$
500
2nd Violation
$
1000
3rd Violation
$
1500
LAC 46:LXVII.5101
Out-of-State Broker Cooperation; Failure to file cooperating agreement with LREC
1st Violation
$
325
2nd Violation
$
575
3rd Violation
$
1575
LAC46:LXVII.2501 (Chapter 25)
Advertising Violations (Note: Fine amounts assessed to both the Licensee and the Broker.)
1st Violation
$
250
2nd Violation
$
500
3rd Violation
$
1500
La. R.S. 37:1437(C)(1)(c) and (C)(4)(b)
Failure to complete (45) hour post-licensing (PL) course; broker/ salesperson.
1st Violation
$
325
2nd Violation
$
3rd Violation
$
La. R.S. 37:1437(C)(5)(a)
Failure to complete (12) hours of annual continuing education.
1st Violation
$
325
2nd Violation
$
575
3rd Violation
$
1575
La. R.S. 37:1442(A)
Issuance and renewal; conducting real estate activity after credential expiration.
1st Violation
$
325
2nd Violation
$
575
3rd Violation
$
1575
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.
1st Violation
$
500
2nd Violation
$
1000
3rd Violation
$
1500
La. R.S. 37:1449(A)
Record retention; failure to provide documents to principal.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
La. R.S. 37:1449(B)
Record retention; failure to timely provide documents within (5) days.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
La. R.S. 37:1449(D)
Record retention; failure to properly maintain records for (5) years.
1st Violation
$
500
2nd Violation
$
1000
3rd Violation
$
1500
La. R.S. 37:1455(A)(21)
Disclosure; failure to provide agency disclosure pamphlet or dual agency form.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
La. R.S. 37:1455(A)(33)
Disclosure; failure to provide property disclosure form.
1st Violation
$
150
2nd Violation
$
3rd Violation
$
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.
1st Violation
$
500
2nd Violation
$
1000
3rd Violation
$
1500
La. R.S. 37:1469
Offender notification; Failure to include notice of statewide database (Leases)
1st Violation
$
150
2nd Violation
$
3rd Violation
$