Louisiana​ Out of State Broker Cooperation- An out-of-state licensee can receive commissions from Louisiana licensee, if a valid cooperation agreement is entered into between the parties, which include the Louisiana broker providing supervision over the out-of-state licensee.
- Agreement must be filed with Commission. - An out-of-state licensee can bring a lawsuit to recover a lawfully earned commission. |
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Louisiana Real Estate ReciprocityAlabama, Arkansas, Colorado, Georgia, Iowa, Mississippi, New Mexico, Oklahoma, Pennsylvania
* Non Resident Licensee may receive partial or whole Education credit and take the State portion of Real Estate Exam. Confirmed by Louisiana Real Estate Commission |
Specific to Louisiana Real Estate - Must have a corporate business license (Certificate of Authority to do business in Louisiana) - Mandatory E&O (RISC) https://www.risceo.com/states/louisiana/ |
Louisiana Reverse ReciprocityThese states specifically mention Louisiana in their Reciprocity: Arkansas, Iowa, Nevada (Salesperson Only), Oklahoma, New Mexico These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Vermont, Washington |
Louisiana Real Estate Links |
Louisiana Real Estate Customs
Either attorneys or corporate title agents may conduct closings, but a notary must authenticate the documentation.
Conveyance is by warranty deed or by act of sale. Mortgages are the security instruments generally used in commercial transactions, while vendor’s liens and seller’s privileges are used in other purchase money situations.
Louisiana uses ALTA owner’s and lender’s policies and endorsements.
Buyers generally pay the title insurance and closing costs. There are no mortgage or transfer taxes.
Property tax payment dates vary from parish to parish (parishes are like counties).
Louisiana is a community-property state.
Louisiana is a NON-DISCLOSURE state. Transaction details and the Buyer, Seller, Sales Price, or even if a property sold is NOT PUBLIC RECORD.
Conveyance is by warranty deed or by act of sale. Mortgages are the security instruments generally used in commercial transactions, while vendor’s liens and seller’s privileges are used in other purchase money situations.
Louisiana uses ALTA owner’s and lender’s policies and endorsements.
Buyers generally pay the title insurance and closing costs. There are no mortgage or transfer taxes.
Property tax payment dates vary from parish to parish (parishes are like counties).
Louisiana is a community-property state.
Louisiana is a NON-DISCLOSURE state. Transaction details and the Buyer, Seller, Sales Price, or even if a property sold is NOT PUBLIC RECORD.
