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 specified timeframe. For initial real estate salesperson licenses, applicants must complete 90 hours of approved coursework.

The bill also addresses inactive licenses, stating that inactive licensees are not required to fulfill annual continuing education requirements but must complete specific continuing education if they wish to return to active status. Furthermore, it clarifies that former licensees who fail to renew by December 31 will need to reapply as initial applicants but will not have to complete certain educational requirements if they reapply within a year of their license expiration. The effective date of the bill is contingent upon the governor's signature or the expiration of the time for bills to become law without 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)