HLS 10RS-1303 ENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 614 BY REPRESENTATIVE PONTI REAL ESTATE: Prohibits a home inspector from also providing services as a real estate agent in the same transaction AN ACT1 To enact R.S. 37:1490, relative to home inspections; to prohibit the performance of both2 home inspection services and real estate professional services by the same person in3 a transaction; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 37:1490 is hereby enacted to read as follows: 6 ยง1490. Home inspection and professional services as a real estate licensee7 prohibited in the same transaction8 No person licensed pursuant to the Louisiana Home Inspectors Licensing9 Law, R.S. 37:1471 et seq., shall engage in or be financially compensated for any10 home inspection in a transaction in which that person received a fee, commission,11 or other valuable consideration while acting as a licensee under the Louisiana Real12 Estate License Law, R.S. 37:1430 et seq., in connection with the same transaction.13 HLS 10RS-1303 ENGROSSED HB NO. 614 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Ponti HB No. 614 Abstract: Prohibits a home inspector from also providing services as a real estate agent in the same transaction. Proposed law provides that no person acting as a licensed home inspector shall engage in or be financially compensated for any home inspection in a transaction in which that person received a fee, commission, or other valuable consideration while acting as a licensed real estate professional in connection with the same transaction. (Adds R.S. 37:1490)