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Welcome to the 2019 Broker Mandatory Course

This course covers property management agreements, manager duties, records and receipts, fair housing issues, personnel hiring and training, technology use, legal and administrative rules compliance in real estate.

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Welcome to the 2019 Broker Mandatory Course

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  1. Welcome to the • 2019 Broker Mandatory Course

  2. I. PROPERTY MANAGEMENT (1 Hour) A. Property Management Agreements and Terminations B. Property Manager Duties and Obligations C. Records and Receipts D. Proper handling of rental trust/security deposit escrow accounts E. Common Fair Housing Issues and Common Enforcement Issues F. Service Animals

  3. II. PERSONNEL: HIRING, TRAINING, AND STAFFING (1 Hour) A. Employment Law 1. Federal 2. State 3. Employee vs. Contractor a. IRS and State Definition B. Supervision of Other Licensees 1. Employees a. Licensed & Non-Licensed 2. Independent Contractors a. Written Contractor Agreements C. Real Estate Teams and Groups 1. Brokerage rules and registration 2. Licensed members vs. unlicensed members of team or group 3. Risk Management of concern to brokers and teams/groups

  4. III. USE OF TECHNOLOGY (1 Hour) 1. Electronic Signatures 2. Document Delivery & Annotation a. Purchase Agreement b. Electronic Communication - Text Messages 3. Advertising (Print & Internet) 4. Data Exchange (MLS) 5. Recordkeeping 6. Cyber Security Brokerage Risks 7. MyLREC Portal 8. ADA Compliance & Disclosure - Websites

  5. IV. LEGAL AND ADMINISTRATIVE RULES COMPLIANCE (1 Hour) A. Licensing 1. Maintenance a. Address Changes b. Name Changes 2. Renewal a. Active License b. Inactive License 3. Reinstatement 4. Transfers 5. Exemptions 6. Activities Requiring a License

  6. IV. LEGAL AND ADMINISTRATIVE RULES COMPLIANCE (continued) B. Violations and Disciplinary Measures 1.Violations a. R.S. 37:1455 - 36 Ways to Lose Your License 2.Penalties a. Censure b. Fine c. Revoked d. Suspend e. Continuing Education 3. Administrative Actions 4. Investigations and hearings a. Formal Hearings b. Informal Hearings

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