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Listen Here: Changes to Residential Agreement to Buy/Sell
LOUISIANA REALTORS • November 7, 2018
The process for making changes and updates to the Residential Agreement to Buy/Sell
is a joint effort between Louisiana REALTORS and the Louisiana Real Estate Commission. As 2019 approaches, real estate licensees and practitioners will see some changes and updates to the form that resulted from over 200 comments and ideas sent to the workgroup for deliberation.
In the below video, Commissioner Rick Roberts reviews the various lines and changes and many will see the same items being discussed throughout the 2019 Mandatory CE topic: LREC Updates & Addenda
prepared by Burk Baker and Anna B. Trimble, Esq.
The 2019 course material will cover the following:
I. Section One: Updates to the Louisiana Residential Agreement to Buy or Sell
II. Section Two: In-Depth Portions
a. Financing
b. Inspection Period
c. Curative Work and Merchantable Title
III. Section Three: Addenda
a. LREC Property Disclosures
b. Buyer Agency Agreement
c. Condominium Agreement
d. Contingency Agreement
e. Flood Insurance Purchase Requirement Addendum
f. New Construction Addendum
g. Notice of Ministerial Acts
h. One Time Listing with Representation
i. One Time Showing Without Representation
j. Right of First Refusal Addendum
IV. Section Four: MyLREC Portal
a. Portal Features
b. How to access
c. User ID and password lookup
d. Auto forwarding your MyLREC Email
Should you have questions or need clarification on any items covered in the recording, please contact us by emailing info@larealtors.org, or clicking the button below.
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The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application. An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.
Nominations are open now through March 28, 2025, for the Louisiana REALTORS® 2024 REALTOR® of the Year & the 2024 Lawrence R. DeMarcay, Jr. Distinguished Service Award. Both awards are aimed to showcase an individual who has volunteered their time in service to the real estate industry. Recipients of the awards will be recognized during the Spring Legislative Conference. (Registration coming soon!) Please see the below links with the selection criteria and consider submitting a nomination today. Contact Donna Teekel at (225) 224-0704 or dteekel@larealtors.org with any questions.
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