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As real estate agents, we know all too well about the mounds of disclosures, agreements, forms, and other documents used in our trade. It's not unusual for a real estate deal to involve over a dozen documents, not to mention internal paperwork that a broker may require. But what documents are Louisiana agents required-by law-to keep, and for how long?Athena recognizes that the new rules adopted by the LREC impose substantial additional requirements on agents that will make their jobs more difficult. That's why we developed our Agent Dashboard system that allows agents to upload and track documents for each transaction, submit documents to Athena's management, and even request payment of a commission check by ACH transfer.

As real estate agents, we know all too well about the mounds of disclosures, agreements, forms, and other documents used in our trade. It's not unusual for a real estate deal to involve over a dozen documents, not to mention internal paperwork that a broker may require. But what documents are Louisiana agents required-by law-to keep, and for how long?In 2017, the Louisiana Real Estate Commission ("LREC") substantially expanded the obligation of brokers to maintain transaction-related and other documents for a period of five years. As brokers are now required to institute policies to ensure compliance with these provisions, the law will "trickle down" to agents to require that they maintain sufficient records.These rules were published in the Louisiana Administrative Code (and on the LREC's web site) on May 20, 2017 and apply only going forward. For records kept before publication of the rule, the prior LREC rules would apply to basically require that agents maintain agency disclosure records and any records of compensation.

As real estate agents, we know all too well about the mounds of disclosures, agreements, forms, and other documents used in our trade. It's not unusual for a real estate deal to involve over a dozen documents, not to mention internal paperwork that a broker may require. But what documents are Louisiana agents required-by law-to keep, and for how long?In 2017, the Louisiana Real Estate Commission ("LREC") substantially expanded the obligation of brokers to maintain transaction-related and other documents for a period of five years. As brokers are now required to institute policies to ensure compliance with these provisions, the law will "trickle down" to agents to require that they maintain sufficient records.

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