Real Estate State Portion Practice Exam (Louisiana)Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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Course
Real Estate State Portion Practice
Institution
Real Estate State Portion Practice
A mold informational pamphlet is to be distributed to buyers by licensees at the time a lease of contract
to purchase is entered into - Which of the following statements is/are true regarding the mold
informational pamphlet
FHA, VA, Loans covered by Louisiana Consumer Credit Law, Loans for comme...
Real Estate State Portion Practice Exam
(Louisiana)
A mold informational pamphlet is to be distributed to buyers by licensees at the time a lease of contract
to purchase is entered into - Which of the following statements is/are true regarding the mold
informational pamphlet
FHA, VA, Loans covered by Louisiana Consumer Credit Law, Loans for commercial or business purpose,
loans to corporations or partnerships - Which of the following types of loans are exempt from the
Louisiana usury law
one month - A Lessor must return a deposit to the lessee or provide an itemized statement of the
reason for retention of all or part of the deposit within:
Redhibition - The avoidance of a sale on account of some vice or defect in the thing sold is called:
Vendor - The seller is called the
Vendors Privilege - A right granted to a seller for the unpaid sales price is called the
community property - A system of principles and rules governing the ownership and management
of the property of married persons or between themselves and toward third persons is called:
qualifying broker - The broker that is the representative of a corporation or partnership in all
matters relating to its real estate activities is the
irrevocable during that time - An offer that specifies a time for acceptance
Must be provided to all prospective sells/buyers at first face to face contact, should be signed and dated
by client and kept by the licensee for 5 years, if the client refuses to sign it, the licensee must write the
time, date and reason for refusal, sign it, and retain the refusal for 5 years - Which of the following
is true regarding the Agency Disclosure Informational Pamphlet?
, the month and year it was printed - All printed ads for the sale of residential real estate must
include
public thing - In Louisiana property law, how would you define a public park?
must be approved by the sponsoring broker - Advertising by an Associate Broker
5- Each member of the commission shall have been actively engaged in the real estate business
as a broker for how many years next preceding the date appointment
5- How many members of the commission shall constitute a quorum for all business
it is owned 100% by the licensee that earned the commission - A commission may be paid to an
unlicensed holding company if
5- If the Commission requests an account affidavit the broker must submit it within how many
days following the request
disclosing his position in writing to the owner - A licensee shall not acquire an interest in or
purchase for himself any property listed with his company without
In void - It either party dies or becomes incapacitated before acceptance, the and offer
there is no charge to transfer if done within 60 days - If the license of the sponsoring broker is
revoked
This is a violation of the license law because Mr. Smooth is soliciting business prior to having a license. -
Mr. Smooth is currently registered in a real estate class. While attending this school he finds out
that his best friend from grammar school is moving in Houston. Mr. Smooth talks to his pal and ask her
to wait to buy a home until he gain his real estate license. Which of the following statement is true?
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