Louisiana Real Estate Actual Exam/ 95+ Qs & Ans/ .
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Module
Louisiana Real Estate
Institution
Louisiana Real Estate
Louisiana Real Estate Actual Exam/ 95+ Qs & Ans/ . Terms like:
Licenses issued by the LREC are classified as? - Answer: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for their clients. - Answer: Attor...
Louisiana Real Estate Actual Exam/ 95+ Qs &
Ans/ 2024-2025.
Licenses issued by the LREC are classified as? - Answer: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - Answer: Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - Answer: Corporate, partnership, or limited liability company
broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - Answer: 10
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, To be eligible to apply for a broker's license, the applicant must hold an active salesperson
license for a minimum of __ years prior to application. - Answer: 4
The Commission is comprised of how many members? - Answer: 11
Commission members are appointed by who? - Answer: The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may serve
more than that. - Answer: 6
The Commission must meet ______. - Answer: quarterly
A minimum of __ members is required for a ______ to conduct business. - Answer: 5
quorum
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - Answer: 3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - Answer: 5
Before applying for a broker's license, anyone accruing time prior to January 1, 2009, shall have
to serve as a salesperson for only __ years. - Answer: 2
Before applying for a broker's license, the applicant must show evidence of completion of ___
hours of current educational instruction in real estate courses approved by the real estate
commission. At least ___ of those hours must be in courses emphasizing broker's
responsibilities. - Answer: 150
30
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