Louisiana Real Estate - State Portion License Exam/ 190 Qs & Ans/ .
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Louisiana Real Estate -
Institution
Louisiana Real Estate -
Louisiana Real Estate - State Portion License Exam/ 190 Qs & Ans/ . Terms like:
Primary Purpose of Louisiana License Law is to - Answer: Protect the public
The LA Real Estate Cojommission consists of - Answer: 11 (eleven) members
To confirm commission appointments, the Governor must submi...
Louisiana Real Estate Actual Exam/ 95+ Qs &
Ans/ 2024-2025.
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - Answer: 3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - Answer: 5
Licenses issued by the LREC are classified as? - Answer: Active or Inactive
A servitude may be acquired by acquisitive prescription, that is by peaceable and uninterrupted
possession of the right for 10 years in good faith and with just title of by uninterrupted
possession for 30 years without good faith or just title. - Answer: Prescription
Good faith? - Answer: 10 years
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, Bad faith? - Answer: 30 years
A predial servitude may be lost by nonuse for ___ years. - Answer: 10
When the same person acquires both the dominant servient estates, the predial servitude
ceases to exist. - Answer: Confusion
Similar to the common law term "merger".
Govern building standards, uses, and improvements. Enforced landowner in the subdivision
filing suit in court to obtain an injunction and the violator may be sued for damages. - Answer:
Building Restrictions
A person may dispose of or receive property by a ________. - Answer: Donation
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - Answer: Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - Answer: Corporate, partnership, or limited liability company
broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - Answer: 10
The Commission is comprised of how many members? - Answer: 11
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