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Louisiana practice exam real estate

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Louisiana practice exam real estate Which of the following statements is true regarding testing for real estate licensing? An application for licensing must be approved prior to an applicant taking the real estate licensing examination. An applicant for real estate licensing must pass the licensing exam prior to applying for a license. The real estate examination may be taken only after the broker sponsorship affidavit is submitted to the LREC. A real estate license will not be issued until 90 days after the examination has been passed. - ANS - An application for licensing must be approved prior to an applicant taking the real estate licensing examination. Licensees receiving written offers in cooperative transactions must annotate the offer to indicate: The time and date the offer was received The interest rate The commission split The appraised value of the property - ANS - The time and date the offer was received An olographic will is one that is: Handwritten and signed by the testator Prepared by an attorney or notary Certified by the Secretary of State Recorded at the court house - ANS - Handwritten and signed by the testator Which of the following is NOT considered to be a psychological impact? Cracked slab AIDS Murder Suicide - ANS - cracked slab If an applicant does not pass the licensing exam within the required time, the applicant must: Re-apply for the exam and receive a new exam authorization Get permission from their sponsoring broker to take the exam at a later date Request a refund for the licensing and exam fees paid Wait six months before requesting a new exam authorization - ANS - Re-apply for the exam and receive a new exam authorization The right of the government to regulate land use through zoning is called: Police powers Escheat Zonation Eminent domain - ANS - police powers Associate brokers and salespersons may not be sponsored by more than: One sponsoring broker Two sponsoring brokers Three sponsoring brokers Four sponsoring brokers - ANS - one sponsering broker How many escrow accounts may a resident broker have at one time? One or more Only one No more than two No more than three - ANS - one or more Which of the following is a ministerial act? Referral to another broker Taking a listing agreement Showing a home to a prospective buyer Agreeing to write an offer on behalf of a buyer - ANS - Referral to another broker In Louisiana, liens are also referred to as: Privileges Deficiencies Collateral Judgments - ANS - priviledges All applicants for a Louisiana real estate license must complete an approved course of study in subjects such as Louisiana Real Estate Licensing Law consisting of at least: 30 hours 50 hours 90 hours

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