LA State Real Exam – Donaldson Questions & Answers 100% Correct!!
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Course
LA State Real
Institution
LA State Real
State Senate - ANSWERCommission member appointments are confirmed by the
Within 5 days - ANSWERWhen 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 pa...
LA State Real Exam – Donaldson Questions &
Answers 100% Correct!!
State Senate - ANSWERCommission member appointments are confirmed by the
Within 5 days - ANSWERWhen 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. - ANSWERHow can an expired license be reactivated?
Only in a rental trust account to pay current financial obligations of a client - ANSWERA broker can
keep more than $2500 of his personal or company funds in an escrow account:
in writing - ANSWERAccording to the license law, Listings must be
In negotiations between broker and seller - ANSWERThe amount of commission charged a client is
established:
Legal description of the property - ANSWERAll of the following are requirements to perfect a sale in
Louisiana EXCEPT:
all sponsoring brokers - ANSWERIt 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 - ANSWEROwnership in indivision means:
Undivided interest. - ANSWERIf 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 - ANSWERSubdivision 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 - ANSWERWhich of
the following is not a Ministerial act?
C - ANSWERIn 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
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. - ANSWERWhich 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 - ANSWERWhich 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. - ANSWERHow can an expired license be reactivated
Active Licensee - ANSWERIn order to sell, exchange, purchase, or lease real estate for another, for
compensation, you must be a (an):
Immediately. - ANSWERA licensee should ensure any annotated offers signed by their respective
clients are returned
Automatically suspended - ANSWERIf a broker's license is revoked due to a violation of the License
Law, what happens to her salespeople?
may not do so. It is illegal to pay an unlicensed person for finding you business. - ANSWERIf you wish
to pay a fee or part of a fee earned to an unlicensed person for finding you business, you:
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