La. Admin. Code tit. 46 § LXVII-1803

Current through Register Vol. 50, No. 11, November 20, 2024

Section LXVII-1803 - Record Keeping

A. In a format that is readily available to the commission and for a period of no less than five years a broker must maintain at minimum the following records:

1. disclosures;

2. listing agreements, buyer representation agreements, other written agreements that authorize licensees to advertise or represent property for sale or lease, other written agreements that authorize licensees to receive compensation;

3. contracts and related addenda;

4. receipts and disbursements of compensation for services as defined under R.S. 37:1431(24);

5. property management agreements;

6. appraisal, broker price opinions, and comparative market analyses;

7. sponsorship agreements and termination paperwork; and

8. independent contract agreements between brokers and sponsored salespersons.

La. Admin. Code tit. 46, § LXVII-1803

Promulgated by the Office of the Governor, Real Estate Commission, LR 43954 (5/1/2017).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1435.