2012 Louisiana Laws
Revised Statutes
TITLE 37 — Professions and occupations
RS 37:1439 — Issuance of license, certificate, or registration

§1439. Issuance of license, certificate, or registration

A. Upon compliance with the provisions of this Chapter and with the rules and regulations of the commission, the commission shall issue the appropriate license, certificate, or registration and shall prescribe the form of such license, certificate, or registration.

B. Each individual real estate broker's license and each corporation, limited liability company, or partnership real estate broker's license shall show the name and street address of the business and shall also show the mailing address of the business if it is different from the street address.

C. Each sales or associate broker license shall show the name of the licensee. The license shall also show the name of the sponsoring individual real estate broker, or the name of the corporation, partnership, or limited liability company or other entity under which the license is issued. The license of each associate broker or salesperson shall be delivered or mailed to and kept in the custody and control of the individual real estate broker or designated qualifying broker by whom the associate broker or salesperson is sponsored.

D. Each timeshare developer registration shall show the name and street address of the developer and shall also show his mailing address if it is different from the street address.

E. Each timeshare sales registration shall show the name and residential address of the registrant and shall also show his mailing address if it is different from the residential address. Each individual timeshare sales registration shall show the name of the developer by whom the registrant is employed. The registration shall be delivered or mailed to the developer and shall be kept in the custody and control of that developer.

F. Associate brokers, salespersons, and timeshare interest salespersons shall not conduct any activities requiring licensing or registering until their license or registration has been issued and is in the custody of their sponsoring broker or employing timeshare developer, or the sponsoring broker or employing timeshare developer has received written authorization from the commission authorizing such activity pending the issuance of the license or timeshare registration by the commission.

Acts 1978, No. 514, §1. Acts 1986, No. 670, §1; Acts 1995, No. 1207, §1; Acts 1997, No. 845, §1; Acts 1999, No. 452, §2.