LA State Real Exam – Donaldson Questions & Answers 100% Correct!!
8 views 0 purchase
Course
LA State Real
Institution
LA State Real
State Senate - ANSWERCommission member appointments are confirmed by the
Within 5 days - ANSWERWhen the association of an associate broker or salesperson is terminated with their firm for any reason, the broker must return the license to the LREC:
It can be re-issued if the former licensee pa...
LA State Real Exam – Donaldson Questions &
Answers 100% Correct!!
State Senate - ANSWERCommission member appointments are confirmed by the
Within 5 days - ANSWERWhen the association of an associate broker or salesperson is terminated
with their firm for any reason, the broker must return the license to the LREC:
It can be re-issued if the former licensee pays all fees and completes all continuing education by
March 31. - ANSWERHow can an expired license be reactivated?
Only in a rental trust account to pay current financial obligations of a client - ANSWERA broker can
keep more than $2500 of his personal or company funds in an escrow account:
in writing - ANSWERAccording to the license law, Listings must be
In negotiations between broker and seller - ANSWERThe amount of commission charged a client is
established:
Legal description of the property - ANSWERAll of the following are requirements to perfect a sale in
Louisiana EXCEPT:
all sponsoring brokers - ANSWERIt is the duty of __________ to be aware of any changes in the
License Law and the commission Rules and Regulations.
The property is owned by more than one person - ANSWEROwnership in indivision means:
Undivided interest. - ANSWERIf two or more persons own the same piece of property, each as an
undivided share, this is referred to as a (an):
, After 10 years if both (a) owners representing 2/3 of the land and (b) 2/3 of the owners of the land
agree - ANSWERSubdivision regulations (private deed restrictions) may be modified by those affected
within what time period?
Showing property and responding to questions about the property from a person - ANSWERWhich of
the following is not a Ministerial act?
C - ANSWERIn Louisiana, a licensee cannot be a dual agent without a dual agency disclosure signed
A. before a brokerage agreement is entered into by the client
B. before the licensee acts as a dual agent
C. both 1 and 2
D. before a purchase agreement is entered into by the clients
A fine of $2000 and a prison term of 5 years. - ANSWERWhich of the following is a sanction possible
by the disciplinary action of the LREC? .
150 hours of education excluding the salesperson hours, 30 of which must be in Broker
Responsibilities - ANSWERWhich of the following best describes the education requirements for a
broker applicant?
It can be re-issued if the former licensee pays all fees and completes all continuing education by
March 31. - ANSWERHow can an expired license be reactivated
Active Licensee - ANSWERIn order to sell, exchange, purchase, or lease real estate for another, for
compensation, you must be a (an):
Immediately. - ANSWERA licensee should ensure any annotated offers signed by their respective
clients are returned
Automatically suspended - ANSWERIf a broker's license is revoked due to a violation of the License
Law, what happens to her salespeople?
may not do so. It is illegal to pay an unlicensed person for finding you business. - ANSWERIf you wish
to pay a fee or part of a fee earned to an unlicensed person for finding you business, you:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller papersbyjol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
