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Donaldson LREC Licensing Requirements Questions 100% Correct!!
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To be eligible for a license in Louisiana a person - ANSWERmust sign a sworn statement that he/she understands the Louisiana Open Housing Law Which of the following is true? Select one: A.Providers of information and ideas to people to sell their own home must have a real estate license B.Mor...

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  • October 7, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • donaldson lrec licensing requirements questions 10
  • donaldson lrec stuvia 2024
  • to be eligible for a license in louisiana a person
  • a license issued may 20 2000 expires on answer

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Donaldson LREC Licensing Requirements
Questions 100% Correct!!

To be eligible for a license in Louisiana a person - ANSWERmust sign a sworn statement that he/she
understands the Louisiana Open Housing Law



Which of the following is true?

Select one:

A.Providers of information and ideas to people to sell their own home must have a real estate license

B.Mortgage personnel must have a real estate license

C.Attorneys are always exempt from having a license

D.None of the above are true - ANSWERNone of the above are true



A license issued May 20, 2000 expires on - ANSWERDec. 31, 2000



To change your license status from active to inactive

Select one:

A.you must have a current license in good standing

B.apply to the Commission

C.pay the $45 transfer fee

D.All of the above - ANSWERAll of the above



Delinquent license renewal fees are: - ANSWERJan. 1st - Feb. 15th: $50

Feb. 16th - March 31st: $200



Applications for delinquent renewal are accepted only for _______ month(s). - ANSWER3



A person licensed as a broker and not part of a partnership or limited liability company is known as
a(an) - ANSWERIndividual Broker



A broker applicant must have how many hours excluding their salesperson hours? - ANSWER150

, Which of the following are not exempt from having a license?

Select one:

A.Managers of agricultural property

B.People who work for property managers on commission

C.Attorneys in the normal course of legal representation

D.Anyone appointed by a Court to sell property - ANSWERPeople who work for property managers
on commission



If a sponsoring broker fails to renew, every salesperson working for that broker will have their license
automatically - ANSWERsuspended



A licensee inactive for 4 years needs ___ hours of continuing education - ANSWER40



Which of the following is true about broker applicants? - ANSWER30 Hours of the 150 Hours must be
in Broker Responsibilities



An unlicensed person attempts to list several properties for sale in her subdivision. Nobody agreed to
list their home. Which of the following true? - ANSWERThis is a violation of the license law.



Which of the following may sell real estate without having a real estate license?

Select one:

A.A Louisiana Sheriff

B.A Trustee appointed by a Court

C.A Receiver in Bankruptcy

D.All of the above - ANSWERAll of the above



Which of the following is true about broker applicants?

Select one:

A.The Commission may accept college credit instead of real estate school hours

B.The Commission may accept experience in the business instead of real estate school hours

C.Both are true

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