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Exam (elaborations)

Louisiana Real Estate Exam Questions and Correct Answers | Latest Updat
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  • Louisiana

An applicant for a real estate license may continue to attempt to pass the licensing exam for a period of -:- 1 year In Louisiana, sub agency is -:- Allowed only by a contractual agreement No associate broker or salesperson license may be renewed until -:- The license of their sponsoring ...

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  • September 19, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • louisiana real estate exam questions and correct a
  • an applicant for a real estate license may continu

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  • Louisiana
  • Louisiana

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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Louisiana Real Estate Exam Questions and
Correct Answers | Latest Update
An applicant for a real estate license may continue to attempt to pass the licensing exam

for a period of


✓ -:- 1 year




In Louisiana, sub agency is


✓ -:- Allowed only by a contractual agreement




No associate broker or salesperson license may be renewed until


✓ -:- The license of their sponsoring broker has been renewed




All written offers to purchase real estate should be presented


✓ -:- Immediately




Corporate, limited liability company, and partnership brokers must retain copies of all real

estate transactions for a period of:


✓ -:- 5 years


1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Licensees in the military are entitled to renewal of their licenses without penalty if

application is filed


✓ -:- Within six months following discharge




When a broker determines that a dispute exists regarding the funds held on deposit in an

escrow account, the broker must


✓ -:- Notify all parties of the dispute




To qualify for a deficiency judgment, a lender must sell the property at foreclosure for what

potion of its value?


✓ -:- 2/3 of the appraised value




The minimum time required for notice to vacate a residential property for non-payment of

rent is


✓ -:- 5 days




Highways, state parks, running water, territorial seas, and seashores are all examples of

what kind of things?

2|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- Public




How are members of the Real Estate Commission selected?


✓ -:- They are appointed by the Governor and confirmed by the Senate




Errors and Omissions insurance is considered which type of insurance?


✓ -:- Malpractice Insurance




Which of the following statements is NOT true regarding an individual real estate broker?


✓ -:- The individual broker may be licensed as a qualifying broker for one

corporation only




When a licensee is appointed to represent two clients in the same transaction, for example,

the buyer and the seller, this is called:


✓ -:- Dual agency




Escrow accounts should be:


✓ -:- Non-interest bearing, unless all parties otherwise agree

3|P a g e | G r a d e A + | 2 0 2 0 2 5

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