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Donaldson LA State Real Exam With 100% Correct And Verified Answers
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Donaldson LA State Real Exam With 100% Correct And Verified Answers
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Donaldson LA State Real Exam With 100%Correct And Verified Answers
State Senate - Correct Answer-Commission member appointments
are confirmed by the
Within 5 days - Correct Answer-When the association of an
associate broker or salesperson is terminated with their firm for
any reason, the broker must return the license to the LREC:
It can be re-issued if the former licensee pays all fees and
completes all continuing education by March 31. - Correct
Answer-How can an expired license be reactivated?
Only in a rental trust account to pay current financial obligations
of a client - Correct Answer-A broker can keep more than $2500 of
his personal or company funds in an escrow account:
in writing - Correct Answer-According to the license law, Listings
must be
In negotiations between broker and seller - Correct Answer-The
amount of commission charged a client is established:
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,Legal description of the property - Correct Answer-All of the
following are requirements to perfect a sale in Louisiana EXCEPT:
all sponsoring brokers - Correct Answer-It is the duty of
__________ to be aware of any changes in the License Law and
the commission Rules and Regulations.
The property is owned by more than one person - Correct Answer-
Ownership in indivision means:
Undivided interest. - Correct Answer-If two or more persons own
the same piece of property, each as an undivided share, this is
referred to as a (an):
After 10 years if both (a) owners representing 2/3 of the land and
(b) 2/3 of the owners of the land agree - Correct Answer-
Subdivision regulations (private deed restrictions) may be
modified by those affected within what time period?
Showing property and responding to questions about the property
from a person - Correct Answer-Which of the following is not a
Ministerial act?
C - Correct Answer-In Louisiana, a licensee cannot be a dual agent
without a dual agency disclosure signed A. before a brokerage
agreement is entered into by the client
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, B. before the licensee acts as a dual agent
C. both 1 and 2
D. before a purchase agreement is entered into by the clients
A fine of $2000 and a prison term of 5 years. - Correct
Answer-Which of the following is a sanction possible by the
disciplinary action of the LREC? .
150 hours of education excluding the salesperson hours, 30
of which must be in Broker Responsibilities - Correct
Answer-Which of the following best describes the education
requirements for a broker applicant?
It can be re-issued if the former licensee pays all fees and
completes all continuing education by March 31. - Correct
Answer-How can an expired license be reactivated
Active Licensee - Correct Answer-In order to sell, exchange,
purchase, or lease real estate for another, for compensation,
you must be a (an):
Immediately. - Correct Answer-A licensee
should ensure any annotated offers signed by
their respective clients are returned
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