Louisiana Real Estate Verified Package Deal With 100% Correct Updates

limited partnership - A partnership composed of general and limited partners whose contribution and liability are limited and specifically defined joint tenancy - a form of co-ownership between two or more persons of an interest in real property whereby such persons own the interest together and ...

When must the Commission be notified of the closing of an Escrow or Rental Trust account? Select one: a. Within 5 days b. 10 days after closing the escrow. c. Commission does not have to be notified. d. Within 15 days. - b An applicant for a brokers license MUST: Select one: a. Have been an ...

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 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 ...

A seller tells the listing agent that her home was treated for termites 10 years ago, so there are no termites now. Before listing the property, the agent should: - tell the seller to disclose the termite treatment on the property disclosure Legal descriptions using the government survey system a...

How long must brokers keep real estate transactions records? - 5 (five) years What is right of the commission to allow licensees in other states to receive a license in on state if that state allows our licensees the same privilege? - Reciprocity Subject-to - The buyer acknowledges the debt and a...

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. - 5 Persons who ARE NOT eligible for Recovery fund compensation include: - -The spouse of the judgement debtor or personal rep of each spouse...