Temporary Licensing of Louisiana Insurance Producers

Emergency Rule 38 - Temporary Licensing of Certain Insurance Producers The Louisiana Department of Insurance has announced a new Emergency Rule regarding insurance licensing. Due to the Governor's stay at home orders, the ability for new applicants to complete the licensing process such as sit for an insurance exam is not currently possible. In order to address this concern, the Emergency Rule establishes a few key temporary measures: Any individual who has completed a Louisiana approved insurance pre-licensing course and would normally be eligible to sit for an insurance exam may request the issuance of a temporary license Such individuals must have completed a Louisiana approved pre-licensing course within the 12 months prior to making an application for a temporary license All temporary licenses issued pursuant to this Emergency Rule will expire on May 15, 2020 Any temporary license issued pursuant to this Rule will have the option to convert to a permanent license by completing the additional required licensing requirements such as sitting for an insurance exam and submission of fingerprints For the full text and scope of the [...]

Temporary Licensing of Louisiana Insurance Producers2020-03-26T17:10:52+00:00

Coronavirus Update

All, Just like you, we here at Donaldson are closely monitoring the rapidly changing climate surrounding COVID-19. A superior customer experience is at the core of our mission, and the health and safety of our customers and staff are of course essential to meeting that goal. By now you are likely already aware that many colleges and universities are moving students online temporarily. Furthermore, in some areas we serve, announcements are rolling in by the hour about closures and other temporary measures. As you may know, Donaldson is a private institution therefore we must make decisions for our customers and staff independently of other academic bodies. What we want, is what you want, which is the best possible outcome for you in terms of education and safety. Fortunately, at our core a great abundance of our training programs are already conducted online. In addition, many of our live classroom courses already include online components for your convenience. Donaldson is the leader in our category in terms of state of the art streaming platforms that have the ability to bring the [...]

Coronavirus Update2020-07-02T15:48:39+00:00

Is it Possible to Get a Real Estate License Over the Summer?

Is it possible to get your real estate license over the Summer? Here is your answer! Is it Possible to Get a Real Estate License Over Summer?   We associate summertime with relaxing vacations; however, sometimes the summer is a great opportunity to take things to the next level. When I was attending Louisiana State University back in the early 2000's, I tapped into the summer semesters to graduate sooner. The professional world alike has systems in place for aspiring men and women to advance in their careers over the summer. Real estate education opportunities are among these options. So, could you do it? Are you busy updating and optimizing your real estate website? Could you muscle through one summer and emerge as a Realtor in the fall?  Can You Get Your License Over the Summer Months? Short, conditional answer is yes, but, as in most cases, opportunity is coupled with responsibility and plausibility and each state has unique requirements. The level of responsibility to prepare, however, will vary from person to person. Passing the real estate exam is [...]

Is it Possible to Get a Real Estate License Over the Summer?2020-01-18T01:56:42+00:00

Donaldson Digest – Dual Agency Banned and Flood Insurance on the Brink

The Donaldson Digest - News and Notes for Industry Pros   Canada Bans Dual Agency in Real Estate Transactions   On June 15th,  the Real Estate Council of British Columbia banned the practice of “dual agency” (also known as “double ending”) in order to ensure that real estate agents serve their clients without any potential conflicts of interest. In Canada, dual agency means that an agent can represent both the buyer and the seller in the same transaction. However, in the United States, “dual agency” often refers to a transaction involving two agents of the same company, not necessarily one agent representing both sides of the aisle. British Columbia’s Superintendent of Real Estate, Michael Noseworthy, said to Realtor Magazine: “These changes have been designed to reinforce a real estate agent’s duties and obligations to their clients and to ensure that agents are always acting in their client’s best interests. We want to make sure that the advice consumers receive is solely for their benefit and that consumers have confidence that their agent is undoubtedly on their side.” The ban applies [...]

Donaldson Digest – Dual Agency Banned and Flood Insurance on the Brink2020-03-18T17:59:41+00:00

Complete your Continuing Education Needed for LREC License Renewal Early and Save!

Don't get caught up in the end of year rush trying to complete your LREC license renewal and continuing education last minute. No, not this year! Take advantage of our limited time offer to sign up for all 12 hours, including the 2018 LREC mandatory topic, for the lowest tuition available all year! Registration special ends on May 18, so take advantage and beat the rush!  ALL 12 HOURS OF LOUISIANA CE - at a special introductory price - available exclusively to you for a limited time. What are the LREC License Renewal Education Requirements This Year? In accordance with the License Law, the annual continuing education requirement is twelve (12) hours. Four (4) of these hours must be completed in the mandatory topic specified by the commission each year. For 2018, the LREC mandatory topic is "Real Estate Best Practices." Other renewal requirements can be found in completion on the continuing education page on our website, or you can also click here to see the complete list of requirements on the LREC's webpage. As a reminder, all continuing education hours must [...]

Complete your Continuing Education Needed for LREC License Renewal Early and Save!2020-03-03T04:27:33+00:00

License Renewal Updates for Insurance Producers and Adjusters

The laws regarding insurance producer and adjuster license renewal have changed effective January 1, 2018. Read below for details on the changes, links to appropriate resources, and other information to help ensure your producer or adjuster license stays in compliance per new laws.  Producer and Adjuster License Renewal Update Insurance Producer Renewals Insurance producers now only need to file a single license renewal, which will renew all eligible lines on the license. Licenses still renew on the last day of the birth month, but now with the license number determining the renewal year. Licenses that end in an even number renew in even-numbered years and licenses that end in an odd number will renew in odd-numbered years. Adjuster Renewals Adjuster licenses still renew on the last day of the birth month, but now with the license number determining the renewal year. Licenses that end in an even number renew in even-numbered years and licenses that end in an odd number will renew in odd-numbered years. Business Entity Renewals The license renewal date for both producer and claims adjuster business entities is [...]

License Renewal Updates for Insurance Producers and Adjusters2019-07-09T16:13:50+00:00

Donaldson Education Mardi Gras Hours

Donaldson Educational Services Mardi Gras Office Hours 2018: Monday, February 12 (8:00am - 3:30pm) Tuesday, February 13 (CLOSED) Wednesday, February 14 (8:00am - 5:00pm) All websites and online course access to portals such as real estate school online, insurance online courses, and others will remain online and available 24/7/365 as usual.    

Donaldson Education Mardi Gras Hours2019-07-09T16:19:28+00:00

Obtain And Maintain Flood Insurance

Maintaining Flood Insurance As a result of flooding events over the past several years, many families and communities are all too familiar with the concept of flooding in Louisiana and homeowners insurance. One important element that we would like to cover in this article is the "obtain and maintain" insurance requirements for property owners that receive federal financial disaster assistance. The included information here benefits all interested parties, including real estate professionals and consumers. If you or someone you know has ever received federal disaster assistance as a result of a flooding event, then the information included here is important to pass along. As a real estate professional, we have included a sample PDF disclosure at the end of this article which may be considered for inclusion in listing packets and other related brokerage documents. The Importance of Flood Insurance Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year. As many Americans have discovered in recent years, homeowners or renters insurance will not typically cover flood damage. Flood insurance can be overlooked [...]

Obtain And Maintain Flood Insurance2020-01-18T02:14:31+00:00

Broker Mandatory Dates Added Across Louisiana

The broker mandatory course is a unique one-time requirement for all licensed Louisiana real estate brokers. In addition to the normal mandatory continuing education course, Brokers also have a unique broker mandatory course in 2017. This course must be completed in order to renew a broker license for 2018. This one-time requirement is also must be taken in a live classroom format. Online or similar courses will not be allowed for the broker mandatory. Therefore, it is important to locate and complete a broker mandatory course before the typical December 31 license renewal deadline. The LREC still requires the same 12 hours of continuing education for renewal for all Louisiana licensees. Licensed salespersons can choose to take the broker mandatory course as an elective, but it will not replace the 2017 mandatory course on insurance and contract timelines. Donaldson Adds Broker Mandatory Sections In order to better serve our Louisiana broker licensees, we here at Donaldson Real Estate School have committed to schedule and hold as many broker mandatory courses as possible. Since this course is required to be taken live [...]

Broker Mandatory Dates Added Across Louisiana2019-07-09T16:17:02+00:00

Inclement Weather Update

Weather Update: Here at Donaldson, we do our absolute best to make sure our classes go on as scheduled. However, we all know the reality of the threat inclement weather poses when you live on the Gulf Coast. Above all, we value our students' safety, as well as the safety of our staff. Due to Tropical Storm/Hurricane Nate, we will be rescheduling our Monday, October 9th, 2017 Real Estate Pre-License courses for later in the week. The good news is that, based on the path and speed of the storm, it appears the weather will not last very long. We will therefore be rescheduling our Monday, October 9th class to take place on Tuesday, October 10th. All 2 and 6 week classes in Metairie will be pushed backward one day: Tuesday, October 10th's class will be held Wednesday, October 11th Wednesday, October 11th's class will be held Thursday, October 12th Thursday's October 12th class will be held Friday, October 13th The Friday, October 13th Math Lab has also been rescheduled for the following Monday, October 16th. Baton Rouge and Mandeville's 8 week [...]

Inclement Weather Update2019-05-28T18:31:01+00:00