LAC 46:LXVII.1803. Record Keeping

A. In a format that is readily available to the commission and for a period of no less than five years a broker must maintain at minimum the following records: 1. disclosures; 2. listing agreements, buyer representation agreements, other written agreements that authorize licensees to advertise or represent property for sale or lease, other written agreements that authorize licensees to receive compensation; 3. contracts and related addenda; 4. receipts and disbursements of compensation for services as defined under R.S. 37:1431(24); 5. property management agreements; 6. appraisal, broker price opinions, and comparative market analyses; 7. sponsorship agreements and termination paperwork; and 8. independent contract agreements between brokers and sponsored salespersons.