Louisiana Real Estate Exam Questions
Which of the following is NOT a sanction possible by the disciplinary action of the LREC? -
ANS - A fine of $5000 and a prison term of 2 years
Appeals of Louisiana Real Estate Comm
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Louisiana Real Estate Exam Questions
Which of the following is NOT a sanction possible by the disciplinary action of the LREC? -
ANS - A fine of $5000 and a prison term of 2 years
Appeals of Louisiana Real Estate Commission findings are reviewable by: - ANS - The 19th
Judicial District Court
A licensee is found guilty at a Real Estate Commission hearing and has his license suspended.
The licensee appeals the decision in court. Which of the following is true? - ANS - The licensee
can list and sell during the appeal, but only if a stay of enforcement is granted
The Commission is required by law to meet: - ANS - Quarterly
Any corporation or partnership operating as a broker in the state of Louisiana must have a: -
ANS - Qualifying Broker
What is the minimum age required to receive a real estate license in Louisiana - ANS - 18
Which of the following parties is exempt from the requirements regarding real estate licensing? -
ANS - A person who provides signs and websites for persons to sell their homes.
If a real estate sales license is not renewed within 3 months of expiration, the licensee must: -
ANS - Re-apply as an initial applicant
What statement is true? - ANS - Licensees need 12 hours of continuing education each year
(except the first).
If a broker cannot resolve a dispute over a sales deposit: - ANS - He must give the money to the
court or commission or to the property party upon a clear interpretation of the contract within 90
days.
Where must the required advertising disclosures be included on an email message? - ANS - On
the first or last page
If a client refuses to sign an agency disclosure, the licensee must - ANS - put the time and date
on the disclosure
Salespeople cannot accept a commission or valuable consideration for the performance of any
act under the license law from any person, except their - ANS - Sponsoring Broker
Broker Bob plans to open an additional real estate office in his home. He will use the office to
meet prospects and do occasional work. The Louisiana license law will require him to: - ANS -
Apply for a branch office license
Which of the following must be included on an internet advertisement, but not on a printed
advertisement for residential real estate? - ANS - The associate broker or salespersons name and
contact information
if your sponsoring broker has their license revoked, which of the following is true? - ANS - Each
licensee will be granted 60 days to transfer with the transfer fee being waived
If a brokers license is revoked due to a violation of the License Law, what happens to her
salespeople? - ANS - Automatically suspended
In a printed advertising placed by an associate broker or salesperson: - ANS - The associate
broker or salespersons name may appear
When the association of an associate broker or salesperson is terminated with their firm for nay
reason, the broker must return the license to the LREC: - ANS - Within 5 days
Licensees are required to furnish to their clients a copy of any document which the client has
signed pertinent to a real estate transaction: - ANS - Immediately
A seller recently received $40,000 for a house worth $100,000. He could have 1 year to claim -
ANS - Lesion Beyond Moiety
When each party obtains an advantage in exchange for his obligation this is called: - ANS -
Onerous contract
Lesion Beyond Moiety has its basis that: - ANS - Property has been sold for less than 1/2 of its
value
The avoidance of a sale on account of some vice or defect in the thing sold is called: - ANS -
Redhibition
Acceptance of an irrevocable offer under Louisiana Civil Law is best defined as: - ANS - When
the offer is signed and recived by the offeror
An offer that specifies a time for acceptance: - ANS - Irrevocable during that time
Death of usufructuary, or if the object of the usufruct is destroyed, will have what effect on a
usufruct? - ANS - It will terminate
For a lessee to get a security deposit back, he must: - ANS - Do nothing, the lessor is required to
return the deposit within 30 days of the end of the lease
Subdivision regulations (private deed restrictions) may be modified by those affected within
what time period? - ANS - After 10 years if both (a) owners representing 2/3 of the land and (b)
2/3 of the owners of the land agree
A charge on one property for the benefit of another property is: - ANS - A Predial Servitude
Consent of both parties to form a contract is established through: - ANS - Offer and Acceptance
A farm lease that has expired is presumed to have been continued for another year if the tenant
holds over without opposition for: - ANS - One month
Conducting an open house and responding to questions about the property: - ANS - is a
Ministerial Act
"Ministerial Acts" in Louisiana law do not include: - ANS - Writing an offer to purchase real
estate
"Ministerial Acts" do not include - ANS - Showing a potential buyer through your lisiting
Which of the following is not true about confidential information? - ANS - All information told
to a licensee in confidence by a client is considered confidential and cannot be disclosed by the
licensee
The Louisiana Real Estate Commission does not have the power to: - ANS - Regulate
commissions for real estate services
Brokers must provide their records to the Real Estate Commission for examination: - ANS -
During normal business hours
In order to open an investigation, the complaint to the Commission must: - ANS - Be verified
and in writing
A licensee who may hold more than one license in Louisiana is called: - ANS - This is illegal in
Louisiana
If your broker dies you must: - ANS - Only complete the business that was pending at the time
the broker died
Who must authorize the advertisement of a property for sale? - ANS - The owners
Regarding initial application for a salesperson, which statement is true? - ANS - An initial
applicant must complete 90 hours of classroom work and pass the state exam, be at least 18 years
old, and pay the prescribed fees and have a high school diploma
Your license is considered expired on what date if not renewed? - ANS - January 1
A building, in Louisiana Civil Law is considered a: - ANS - Separate immovable
A married couple moving to Louisiana - ANS - Has 1 year to establish a matrimonial agreement
without court approval
An irrevocable offer is considered accepted when it is: - ANS - Received by the offeror
A dual agent may disclose confidential information: - ANS - To their broker to seek advice
The parties to a real estate contract can demand liquidated damage when: - ANS - The contract
states the deposit is earnest money
The Real Estate Research and Education Fund is funded by: - ANS - Excess funds, charges
levied by the Commission for insurance and renewal of all broker and salesperson licensees
As a property manager, Bill Broker may deposit $3,500 in to his Rental Trust Account - ANS -
Never
Ordinary Process for foreclosure - ANS - Includes an Appraisal
When advertising on the internet which of the following statements is true? - ANS - Every page
of your website must include your name, your brokers name, location of your brokers main
office and where your hold your license
As a licensed real estate salesperson, you must disclose, in writing - ANS - Your license status
when you are a principal in a real estate transaction
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