This bill amends several sections of Louisiana's real estate licensing laws, specifically R.S. 37:1437, 1437.3, and 1442. Key changes include the clarification of language regarding applicants for real estate broker and salesperson licenses, specifying that "each applicant" must meet certain educational requirements. For brokers, applicants must have been licensed for four years, with two of those years immediately preceding their application, and must complete 150 hours of approved real estate courses. Additionally, the bill allows brokers who failed to renew their licenses to reapply within a specified timeframe without needing to retake the full educational requirements.

The bill also addresses inactive licenses, stating that inactive licensees are not required to fulfill annual continuing education requirements but must complete specific education if they wish to return to active status. Furthermore, it modifies the renewal process for licenses and registrations, allowing former licensees who reapply within a year of expiration to bypass certain educational requirements. Overall, the bill aims to streamline the licensing process and clarify the requirements for both active and inactive real estate professionals in Louisiana.

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)