Louisiana Real Estate - State Portion License Exam/ 185+ Qs & Ans/ .
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Louisiana Real Estate -
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Louisiana Real Estate -
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 meeting...
Louisiana Real Estate - State Portion
License Exam/ 185+ Qs & Ans/ 2024-
2025.
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
The Commission has the power and authority to-- - Answer: Regulate the issuance
of licenses, registrations and certificates
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,Promulgate the rules and bylaws for the enforcement of the license law
Appoint an executive director
Etc.
What is right of the commission to allow licensees in other states to receive a
license in on state if that state allows our licensees the same privilege? - Answer:
Reciprocity
What is a requirement for out of state broker cooperation? - Answer: One copy of
the cooperating agreement must be filed with the commission
How long must brokers keep real estate transactions records? - Answer: 5 (five)
years
When can the Commission inspect a Broker's records? - Answer: 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 - Answer: True
The Commission shall upon verified complaint in writing investigate licensees. -
Answer: True
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, The Commission may subpoena a Broker's records - Answer: True
Before a hearing the Commission must notify a licensee at least how many days in
advance? - Answer: 20 (twenty) days in advance
The Commission may subpoena unlicensed people? - Answer: True
A licensee's license is automatically revoked when money is paid out of the
recovery because of the actions of the licensee? - Answer: True
A license found guilty at a hearing may have his or her license revoked? - Answer:
True
A hearing is held and Broker A has his license revoked. Broker A appeals his
revocation in court. During the trial Broker A lists a property for sale. Is this Legal?
- Answer: It is legal if Broker A requested and OBTAINED a stay of enforcement
An appeal of a court's decision to a higher court requires what? - Answer: The
licensee to put up a suspensive appeal bond.
The Court can fine an individual up to $2000 or imprison them for up to 5 years
for a violation of license law? - Answer: True
Guaranteeing future profits can-- - Answer: Get a licensee's license suspended or
revoked.
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