6 Easy Steps to Become a Licensed Real Estate Agent in Louisiana

Real estate is a rewarding and exciting career that offers many opportunities for personal and professional growth.

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6 Easy Steps to Become a Licensed Real Estate Agent in Louisiana

If you are interested in becoming a real estate agent in Louisiana, you need to meet certain requirements and follow a specific process.

In this article, I will guide you through the steps and provide you with useful information and resources to help you achieve your goal.

READ ALSO: How to Build a Real Estate Team: A Guide for Agents

6 Easy Steps to Become a Licensed Real Estate Agent in Louisiana

Step 1: Meet the Basic Requirements

Before you can apply for a real estate license in Louisiana, you need to meet the following basic requirements:

  1. You must be at least 18 years old
  2. You must have obtained a high school diploma or equivalency certificate (GED).
  3. You must have a clean criminal record. If you have ever been convicted of a felony, you must appeal to the Louisiana Real Estate Commission (LREC) for permission to become licensed.

Step 2: Complete the Pre-Licensing Education

The next step is to complete 90 hours of pre-licensing education in courses approved by the LREC.

You can choose from various online or in-person courses offered by different providers, such as Burk Baker School, Real Estate Express, or Kaplan Real Estate Education.

The courses will cover topics such as real estate principles and practices, Louisiana real estate law, contracts, agency, finance, appraisal, and ethics.

Step 3: Pass the Louisiana Real Estate Salesperson Exam

After you complete the pre-licensing education, you need to pass the Louisiana Real Estate Salesperson Exam, which consists of a national portion and a state portion.

The exam is administered by PSI, a testing company, and you can schedule your exam online or by phone.

It is $85 and you need to bring a valid photo ID and your course completion certificate to the test center.

The exam is multiple-choice and you have 4 hours to complete it.

Score at least 70% on each portion to pass.

You will receive your score report immediately after the exam.

Step 4: Submit Your License Application and Fees

Once you pass the exam, you need to submit your license application and fees to the LREC within 90 days. You can apply online or by mail.

The application fee is $90 and you need to provide the following documents:

  1. A copy of your exam score report
  2. A copy of your pre-licensing education certificate
  3. A copy of your high school diploma or GED
  4. A criminal background check report
  5. A sponsorship form from a licensed broker or real estate company

 

Step 5: Obtain Errors and Omissions Insurance

Before you can receive your license, you need to obtain errors and omissions (E&O) insurance, which protects you from liability claims arising from your professional activities.

You can purchase E&O insurance from any provider of your choice, as long as it meets the minimum coverage requirements set by the LREC.

Provide proof of your E&O insurance to the LREC before your license is issued.

Step 6: Complete the Post-Licensing Education

After you receive your license, you need to complete 45 hours of post-licensing education within 180 days.

The post-licensing education is designed to enhance your knowledge and skills as a new real estate agent.

You can choose from various courses approved by the LREC, such as Real Estate 102, Real Estate 103, or Real Estate 104.

Provide proof of your post-licensing education completion to the LREC to maintain your license.

FAQs

How long does it take to become a real estate agent in Louisiana?

The time it takes to become a real estate agent in Louisiana depends on several factors.

On average, it can take anywhere from 3 to 6 months to complete the process.

How much does it cost to become a real estate agent in Louisiana?

The cost of becoming a real estate agent in Louisiana varies depending on the provider and type of education, exam, application, and insurance fees.

On average, you can expect to spend around $1,000 to $1,500 to obtain your license.

How do I renew my real estate license in Louisiana?

You need to renew your real estate license every year by December 31st. You can renew your license online or by mail.

The renewal fee is $35 and you need to provide proof of your E&O insurance and continuing education.

Conclusion

Becoming a real estate agent in Louisiana is a rewarding and exciting career choice that offers many opportunities for personal and professional growth.

To become a licensed real estate agent in Louisiana, you need to meet the basic requirements, complete the pre-licensing education, pass the exam, submit the application and fees, obtain the E&O insurance, and complete the post-licensing education.

By following these steps and using the resources and information provided in this article, you can achieve your goal and start your real estate career in Louisiana.

 

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