Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
State Requirements For Louisiana
Louisiana State Requirement Details for Real Estate Continuing Education
Renewal Date: 12/31 of each year
- Timely Renewal Period: August 1 – September 30
- First Delinquent Renewal Period: October 1 – November 15 - fees assessed
- Second Delinquent Renewal Period: November 16 – December 31 - fees assessed
Visit LREC's website for more information.
Failure to renew your license by December 31 will result in expiration of your license.
All active real estate licensees must complete 12 hours of approved continuing education coursework, including any LREC mandatory course topic(s), each year to be eligible to renew their license for the next year.
Hours Required: 12 hours
- 4 hours – Mandatory hours
- 8 hours – Elective hours
MANDATORY COURSE TOPIC(S)
2025 Mandatory - Navigating the New Normal
Mandatory course topics must be completed through an approved LREC-certified real estate vendor on or before December 31 as part of the 12-hour continuing education requirement.
Louisiana Real Estate Commission
Address: 9071 Interline Ave, Baton Rouge, LA 70809
Telephone: 225.925.1923 or 800.821.4529
Fax: 225.925.4501