2006 Louisiana Laws - RS 37:1437.3 — Inactive license

§1437.3.  Inactive license

A.  Effective January 1, 1990, an inactive license status shall be established.

B.  Any licensee in good standing with the commission may elect to place his license in an inactive license status with the commission provided he applies for a transfer to an inactive status and remits the applicable fees as set forth in this Chapter.  Former licensees may, within the six-month delinquency period and upon payment of appropriate renewal and inactive license transfer fees, transfer their license to inactive status.

C.  During the period the license is in inactive status, the licensee shall be prohibited from engaging in any activity requiring a real estate license.  The licensee shall be required to renew the inactive license on a yearly basis by filing the required renewal application and paying the annual inactive renewal fees as specified in this Chapter.

D.  The licensee may request transfer from inactive status to active status at any time, provided the inactive license has been renewed as provided for in this Chapter and is current at the time the request is received at the commission.

E.  An inactive licensee will not be required to fulfill the continuing education requirement established for active licensees on a yearly basis; however, upon application to return to active license status the licensee must have completed the continuing education specified in the following Paragraphs:

(1)  Licensees remaining in the inactive status from one to five years shall complete the number of hours of continuing education specified for the period of inactivity indicated below:

(a)  One to three years of inactive status - twenty hours of continuing education.

(b)  Three to five years of inactive status - forty hours of continuing education.

(2)  If the licensee remains in the inactive status for two to five renewal periods, he must complete a four-hour course covering Louisiana real estate license law and commission rules and regulations as part of the hours specified in Paragraph (1) of this Subsection to be eligible to return to active license status.  This required four-hour course must be completed within one year prior to the date of the transfer of the license to the active status.

(3)  The licensee may remain in the inactive license status indefinitely, provided he complies with the yearly inactive renewal procedures.  Licensees remaining on inactive status for longer than a five-year period will be required to complete a maximum of eighty hours of approved continuing education within the five-year period immediately preceding the request to return to active license status.  Such continuing education shall include a four-hour Louisiana real estate license law and commission rules and regulations course which must be completed within one year prior to the date of the transfer of the license to the active status.  However, any applicant who has continued to obtain continuing education in the required areas during the period that he is in inactive status may cumulate those hours and be eligible to reactivate his license at any time.

(4)  Any request by an inactive licensee to transfer to active status shall be accompanied by payment of the prescribed fees and proof of completion of the applicable continuing education hours.

Acts 1989, No. 655, §1, eff. Jan. 1, 1990; Acts 1995, No. 1207, §1; Acts 1997, No. 845, §1; Acts 1999, No. 629, §1, eff. Jan. 1, 2000.