DONALDSON LA RE FINAL TEST 2024 QUESTIONS AND ANSWERS
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Course
DONALDSON
Institution
DONALDSON
DONALDSON LA RE FINAL TEST 2024
QUESTIONS AND ANSWERS
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. - C. the 19th Judic...
DONALDSON LA RE FINAL TEST 2024
QUESTIONS AND ANSWERS
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. - C. the 19th Judicial District Court.
The Commission elects from its members a
Select one:
A. President.
B. Recording agent.
C. Executive Director.
D. Chairman. - D. 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. - D. 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. - B. 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 - B. $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. - B. 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. -
C. This is illegal under the Louisiana License Law.
Which of the following best describes the education requirements for a broker
applicant?
Select one:
A. 30 hours of education in Broker Responsibilities and completion of the normal
continuing education. Incorrect, please review Licensing Requirements.
B. 150 hours of education including the original 90 hour salesperson course.
C. 150 hours of education excluding the salesperson hours, in courses specified by the
LREC.
D. 90 hours of education including 30 in Broker Responsibilities. - .C. 150 hours of
education excluding the salesperson hours, in courses specified by the LREC.
Which of the following is true about inactive status?
Select one:
A. A transfer to inactive status requires the licensee to remit the applicable fees.
B. During inactive status, a licensee is required to satisfy the continuing education
requirement.
C. A licensee on inactive status for less than one year will require no additional hours to
transfer from inactive to active license status.
D. All of the above. - A. A transfer to inactive status requires the licensee to remit the
applicable fees.
Which of the following statements is true regarding broker applicants?
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