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Louisiana Real Estate Exam 2025 Questions & Answers 2025 / 2026 Update ( A+ GRADED 100% VERIFIED)
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Louisiana Real Estate Exam 2025 Questions & Answers 2025 / 2026 Update ( A+ GRADED 100% VERIFIED)
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Louisiana Real Estate Exam1. The Commission is comprised of how many members?
ANS 11
2. Commission members are appointed by who?
ANS The governor
3. Each appointment to the Commission shall be for a year term. No
com- missioner may serve more than that.
ANS 6
4. The Commission must meet .
ANS quarterly
5. A minimum of members is required for a to conduct business.
ANS 5 quorum
6. The Commission may meet more frequently if such meetings are
deemed necessary and requested by a minimum of members.
ANS 3
7. The Commission has power to require brokers to maintain and retain
records of all real estate transactions in which they were involved for up
1/8
,to
years.
ANS 5
8. Licenses issued by the LREC are classified as?
ANS Active or Inactive
9. Exemptions from Licensing
ANS
engaged in the transfer of real estate interests as part of other
services provided for their clients.
ANS Attorneys
10.A , , or is a business entity, which has been
issued a license by the State to function as a broker.
ANS Corporate, partnership, or limited liability company broker
11.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.
ANS 10
12.To be eligible to apply for a broker's license, the applicant must hold an
2/8
, active salesperson license for a minimum of years prior to application.
ANS 4
13.Before applying for a broker's license, anyone accruing time prior to
Jan- uary 1, 2009, shall have to serve as a salesperson for only years.
ANS 2
14.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.
ANS 150
30
15.Each person obtaining an initial salesperson's license shall complete
post-license education hours within days after the initial license date.
ANS 45 180
16.Post-license education hours may be used to satisfy hours of the
hour annual continuing education requirement.
ANS 8
12
17.Inactivity for 1 to 3 years
3/8
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