Louisiana REALTORS® sponsored Senate Bill 108 by Senator Bodi White passed the Senate and House of Representatives and has been signed by the Governor. This legislation is an amendment to an existing statute and adds criminal penalties for a violation. The amendment becomes effective August 1, 2017.
The new provision includes fines and possible jail time. Any person or company, including a person licensed in another state who does not associate with a licensed Louisiana broker, who violates this statute shall be guilty of a misdemeanor. Click here, to read more about the New Penalties for Unlicensed Real Estate Activity.