The LREC is composed of nine members. Broker Theresa is one of the seven licensed broker members. She is currently serving her second consecutive term. Under Louisiana law, how many consecutive terms may a member serve on the LREC before becoming ineligible for reappointment?
Correct Answer
B) A member may serve a maximum of two consecutive terms before becoming ineligible
Under La. R.S. 37:1432, LREC members serve four-year terms and may be reappointed, but may not serve more than two consecutive terms. After serving two consecutive terms, a member must step down and is ineligible for reappointment until a break in service occurs. This term limit ensures regular turnover and prevents entrenchment on the Commission.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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