Donaldson LA RE Final Questions & Answers(RATED A+)
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Course
Donaldson LA RE
Institution
Donaldson LA RE
Appeals of Louisiana Real Estate Commission findings are reviewable by
Select one:
A. the Executive Director of the Commission
B. the Governor.
C. the 19th Judicial District Court.
D. the Attorney General of Louisiana. - ANSWERC. the 19th Judicial District Court.
The Commission elects from...
Donaldson LA RE Final Questions &
Answers(RATED A+)
Appeals of Louisiana Real Estate Commission findings are reviewable by
Select one:
A. the Executive Director of the Commission
B. the Governor.
C. the 19th Judicial District Court.
D. the Attorney General of Louisiana. - ANSWERC. the 19th Judicial District Court.
The Commission elects from its members a
Select one:
A. President.
B. Recording agent.
C. Executive Director.
D. Chairman. - ANSWERD. Chairman.
The Commission has the full power and authority by law to do which of the following?
Select one:
A. Examine real estate records of licensees older than 5 years.
B. Imprison licensees for violation of the License Law.
C. Fine violators up to $2000.
D. Fine violators up to $5000. - ANSWERD. Fine violators up to $5000.
A licensee is found guilty at a Real Estate Commission hearing and has his license suspended. The
licensee appeals the decision in court. Which of the following is true?
Select one:
, A. The licensee must file an appeal within 60 days of the Commission decision.
B. The licensee can list and sell during the appeal, but only if a stay of enforcement is granted.
C. The licensee can only close any pending business during the appeal process.
D. The licensee cannot list property during the appeal under any condition. - ANSWERB. The licensee
can list and sell during the appeal, but only if a stay of enforcement is granted.
How much are Commission members compensated for attending to Commission business?
Select one:
A. $75
B. $50 plus actual expenses
C. $50 including expenses
D. $0, this is a public service position - ANSWERB. $50 plus actual expenses
If a real estate sales license is not renewed within 3 months of expiration, the licensee must:
Select one:
A. Pay the renewal fee, complete 12 hours of continuing education, and pay late renewal penalties.
B. Re-apply as an initial applicant.
C. Pay the renewal fee and complete 12 hours of continuing education.
D. Submit a letter of explanation, pay the renewal fee, and complete 12 hours of continuing
education. - ANSWERB. Re-apply as an initial applicant.
A broker with a great deal of business needs help from sales agents as soon as possible. He makes a
deal with a license applicant to go ahead and knock on doors and turn all leads over to the broker.
The broker suggests that any listings generated by this system will be turned over to the salesperson
when he gets his license. Which of the following statements is true?
Select one:
A. This is legal since the new salesperson applicant is only performing ministerial acts.
B. This is legal because no commissions will be paid until after the salesperson receives a license.
C. This is illegal under the Louisiana License Law.
D. This is legal because the new salesperson will not get the listing until he is licensed. - ANSWERC.
This is illegal under the Louisiana License Law.
Which of the following best describes the education requirements for a broker applicant?
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