La. Admin. Code tit. 46 § LXVII-5711

Current through Register Vol. 50, No. 12, December 20, 2024

Section LXVII-5711 - Terminations

A. A developer who wishes to terminate an association with a sales registrant shall return the registrant's sales registration certificate to the commission along with a properly executed transfer form as provided by the commission.

B. A sales registrant who wishes to terminate an association with a developer shall request, in writing, that the developer return that registrant's sales registration certificate to the commission, and shall sign the appropriate transfer form as proof of the request.

C. A sales registrant may transfer to another developer upon submission of a property executed transfer form signed by both the registrant and a designated representative of the developer. This transfer request shall be accompanied by a new bond and appropriate transfer fees.

La. Admin. Code tit. 46, § LXVII-5711

Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:61 (2000), repromulgated by the Office of the Governor, Real Estate Commission, LR 37:3024 (October 2011).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq.