This bill amends several provisions related to real estate license requirements in Louisiana. It specifies that each applicant for an initial real estate broker license must have been licensed for four years, with two of those years immediately preceding the application, and must complete at least 150 hours of approved real estate courses. Additionally, it allows real estate brokers who failed to renew their licenses to reapply within a year of expiration without having to meet the full initial licensure education requirements. For initial real estate salesperson licenses, applicants must complete 90 hours of approved coursework.

The bill also addresses the requirements for inactive licensees, stating that they are not required to fulfill the annual continuing education requirements while inactive. However, upon reactivating their license, they must complete the necessary continuing education based on the duration of their inactive status. Furthermore, it clarifies that licensees who fail to renew by December 31 will forfeit their renewal rights but can reapply without completing the initial education requirements if they do so within the specified timeframe. The bill will take effect upon the governor's signature or after the designated period for bills to become law without a signature.

Statutes affected:
HB155 Original: 37:1437(C)(1), 37:3(E), 37:1442(B)(2)
HB155 Engrossed: 37:1437(C)(1), 37:3(E), 37:1442(B)(2)
HB155 Enrolled: 37:1437(C)(1), 37:3(E), 37:1442(B)(2)
HB155 Act : 37:1437(C)(1), 37:3(E), 37:1442(B)(2)