An established realtor in Baton Rouge, Louisiana, Donald Auzine works for the firm of Burns & Company. As a new real estate agent, Donald Auzine had to follow a prescribed procedure to become qualified.
The Louisiana Real Estate Commission (LERC) oversees a six-step process for licensure as a sales agent or broker. To be eligible, all applicants must be 18 or over, a high school graduate, or possess a General Education Diploma.
Prospective sales agents must complete a 90-hour pre-licensing course from an approved provider. The course covers several topics, such as contracts, title transfers, financing, market analysis, and Louisiana civil law. After a practice test, applicants must pass a 100-question final exam with at least a 75% score, followed by another state exam that can be taken online.
The LERC then administers a background check. If they have a clean record, persons wishing to become sales agents must obtain sponsorship from a licensed broker. Candidates should choose someone who has a good reputation, has technical knowledge in real estate, and works for a company that offers growth opportunities.
Those applying to be a broker must have been licensed as a sales agent for four years, with two of them occurring immediately before the 150-hour brokerage exam. They must also have errors and omissions insurance, which protect them against being sued for procedural mistakes.