LAC 46:LXVII.1503. Fee Exemptions

A. A request for license transfer that is submitted within 60 days of any of the following circumstances shall be exempt from the transfer fee or delinquent renewal fee prescribed in R.S. 37:1443: 1. the sponsoring broker has died; 2. the sponsoring broker has failed to renew his license; 3. the license of the sponsoring broker has been suspended or revoked; 4. the license of the sponsoring broker has been transferred to the inactive status; 5. the sponsoring broker elects to discontinue the sponsorship of a licensee.