Exam (elaborations)

Louisiana Law (bob brooks) Questions and Correct Answers | Latest Update

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Course
Louisiana Law

Institution
Louisiana Law

means a person who holds a brokers license and who is exclusively affiliated with and sponsored by another licensed real estate broker.  Associate Broker A licensee holding a brokers license but who is sponsored by another broker is a?  Associate broker A principal refers to which of th...

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Uploaded on October 4, 2024
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Written in 2024/2025
Type Exam (elaborations)
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louisiana law bob brooks questions and correct
means a person who holds a brokers license and who

Institution Louisiana Law
Course Louisiana Law

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Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

Louisiana Law (bob brooks) Questions and
Correct Answers | Latest Update
means a person who holds a brokers license and who is exclusively affiliated with and

sponsored by another licensed real estate broker.

 Associate Broker

A licensee holding a brokers license but who is sponsored by another broker is a?

 Associate broker

A principal refers to which of the following?

 Buyer and Seller

is usually the seller (vendor) or buyer (vendee) in a transaction

 Principal

Must have completed 150 hours of instruction in a course approved by the commission and

passed a state exam

 Qualifications for a Broker License

All renewals must be accompanied by correct fees, proof of Errors and Omissions Insurance

~ 1 ~ for inquiry mail me @

, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

 Renewal of License

have a credit for twelve hours of continuing education

 Renewal of License 2

Commingling the money or other property of his principals with his or her own

 Suspension of license

the revocation or suspension of a sponsoring broker's license shall automatically suspend every

associate broker and salesperson license sponsored by that broker

 Revocation of Broker License

Have completed 150 hours of approved instruction.

 An original applicant for a Broker's license MUST

Kept client funds in the company general operating account.

 A broker would be guilty of commingling funds if he/she

Must transfer license to Commission.

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