Louisiana Real Estate - State Portion License Exam Questions and Correct Answers | Latest Update
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Course
Louisiana
Institution
Louisiana
Primary Purpose of Louisiana License Law is to
-:- Protect the public
The LA Real Estate Commission consists of
-:- 11 (eleven) members
To confirm commission appointments, the Governor must submit names to
-:- The Senate
Real Estate Commission members serve
-:- 6 (six) year terms
Member...
How long must brokers keep real estate transactions records?
✓ -:- 5 (five) years
When can the Commission inspect a Broker's records?
✓ -:- Between 9AM and 4PM, Saturdays, Sundays, and legal holidays
excluded.
The commission may, on its own motion investigate licensee or personas acting in such
capacity
✓ -:- True
The Commission shall upon verified complaint in writing investigate licensees.
✓ -:- True
The Commission may subpoena a Broker's records
✓ -:- True
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