We investigate the relationship between black hole mass and bulge luminosity for AGNs with reverberation-based black hole mass measurements and bulge luminosities from two-dimensional decompositions of Hubble Space Telescope host galaxy images. We find that the slope of the relationship for AGNs is 0.76-0.85 with an uncertainty of ~0.1, somewhat shallower than the M_BH propto L^{1.0+/-0.1} relationship that has been fit to nearby quiescent galaxies with dynamical black hole mass measurements. This is somewhat perplexing, as the AGN black hole masses include an overall scaling factor that brings the AGN M_BH-sigma relationship into agreement with that of quiescent galaxies. We discuss biases that may be inherent to the AGN and quiescent galaxy samples and could cause the apparent inconsistency in the forms of their M_BH-L_bulge relationships.