Louisiana real - Study guides, Class notes & Summaries

Enacting real estate laws in Louisiana is the job of the: Select one: a. Louisiana Board of Realtors b. Louisiana State Legislature c. Louisiana Real Estate Commission d. Louisiana Real Estate License Bureau - Answer B Applicants have how long to find a sponsoring broker after passing the State exam? Select one: a. Must have broker before taking exam. b. Six months c. 90 days d. 60 days - Answer c Every applicant for a license shall submit a sworn statement attesting that ...

When must the Commission be notified of the closing of an Escrow or Rental Trust account? Select one: a. Within 5 days b. 10 days after closing the escrow. c. Commission does not have to be notified. d. Within 15 days. - b An applicant for a brokers license MUST: Select one: a. Have been an active agent for at least five years. b. Have been an active agent for at least four years. c. Have completed at least one year of college credit in real estate. d. Be at least twenty-five years ol...

I am Passing my Louisiana Real Estate License Questions With Complete Solutions.

Louisiana Real Estate Review Already Graded A+ ("ownership in indivision" in LA): Joint tenancy does not exist in Louisiana. ️tenancy in common A broker handling rentals must open a Rental Trust Account. Select one: True False ️true A broker is responsible for violations of the License Law by his/her agents: Select one: a. At all times b. Only if they work in the main office with him/her. c. If he/she was aware of their actions. d. If he/she was unaware of their act...

Louisiana Real Estate License Already Verified A+ General Warranty Deed A deed which gives the buyer the MOST protection is: The best form of deed in common law When a seller rejects a prospective purchaser's offer to buy, and makes a new offer of his own, this is known as a(an): Counteroffer Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Brainpower Read More Counteroffers a rejection of the offer Federal Natio...

Louisiana Real Estate Exam Questions and Answers 100% Pass The Commission is comprised of how many members? - Answer- 11 Commission members are appointed by who? - Answer- The governor Each appointment to the Commission shall be for a __ year term. No commissioner may serve more than that. - Answer- 6 The Commission must meet ______. - Answer- quarterly A minimum of __ members is required for a ______ to conduct business. - Answer- 5 quorum The Commission may meet more frequently if suc...

Louisiana Real Estate - State Portion License Exam Questions and Answers Graded A+ Primary Purpose of Louisiana License Law is to Protect the public The LA Real Estate Commission consists of 11 (eleven) members Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:14 / 0:15 Full screen Brainpower Read More To confirm commission appointments, the Governor must submit names to The Senate Real Estate Commission members serve 6 (six) year terms...

Real property can be converted to personal property by: severance Legal descriptions using the government survey system are NOT generally used in: the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of riparian and littoral rights dictates that water rights are automatically conveyed with property. In...

Louisiana Real Estate - State Portion License Exam/ 185+ Qs & Ans/ . Terms like: How many Commission meetings per month? - Answer: 2 (two) Application by _ members is required for additional meetings - Answer: 3 (three) How much are Commission members paid for attending commission meetings? - Answer: $50 plus actual expenses Where is the commission located? - Answer: Baton Rouge

Louisiana Real Estate Actual Exam/ 95+ Qs & Ans/ . Terms like: Licenses issued by the LREC are classified as? - Answer: Active or Inactive Exemptions from Licensing: ______ engaged in the transfer of real estate interests as part of other services provided for their clients. - Answer: Attorneys A ______, ______, or __________ is a business entity, which has been issued a license by the State to function as a broker. - Answer: Corporate, partnership, or limited liability company broker