Newest 2026/2027 Louisiana Real Estate - State Portion License
Exam verified with correct answers updated this month
Where is the commission located? -correct answer >>>Baton Rouge
The Commission has the power and authority to-- -correct answer >>>Regulate the
issuance of licenses, registrations and certificates
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? -correct answer
>>>Reciprocity
What is a requirement for out of state broker cooperation? -correct answer >>>One
copy of the cooperating agreement must be filed with the commission
How long must brokers keep real estate transactions records? -correct answer >>>5
(five) years
When can the Commission inspect a Broker's records? -correct 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 -correct answer >>>True
The Commission shall upon verified complaint in writing investigate licensees. -correct
answer >>>True
The Commission may subpoena a Broker's records -correct answer >>>True
Before a hearing the Commission must notify a licensee at least how many days in
advance? -correct answer >>>20 (twenty) days in advance
The Commission may subpoena unlicensed people? -correct answer >>>True
A licensee's license is automatically revoked when money is paid out of the recovery
because of the actions of the licensee? -correct answer >>>True
A license found guilty at a hearing may have his or her license revoked? -correct
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? -correct 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? -correct answer >>>The
licensee to put up a suspensive appeal bond.
Primary Purpose of Louisiana License Law is to -correct answer >>>Protect the public
The LA Real Estate Commission consists of -correct answer >>>11 (eleven) members
To confirm commission appointments, the Governor must submit names to -correct
answer >>>The Senate
Real Estate Commission members serve -correct answer >>>6 (six) year terms
Members of The LA Real Estate Commission must be -correct answer >>>Qualified
electors of the State of LA
Citizens of the State of LA
In business as a Broker for at least 5 years
How many members of the commission constitute a Quorum? -correct answer >>>5
(five)
How many times is the commission REQUIRED to meet? -correct answer >>>Quarterly
How many Commissiion meetings per month? -correct answer >>>2 (two)
Application by _ members is required for additional meetings -correct answer >>>3
(three)
How much are Commission members paid for attending commission meetings? -correct
answer >>>$50 plus actual expenses
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a
violation of license law? -correct answer >>>True
Guaranteeing future profits can-- -correct answer >>>Get a licensee's license
suspended or revoked.
Any final conviction for a felony against a licensee must be reported to the LA Real
Estate Commission? -correct answer >>>True
A licensee indicted for violating the Fair Housing Act -correct answer >>>Will
automatically undergo investigation.
Exam verified with correct answers updated this month
Where is the commission located? -correct answer >>>Baton Rouge
The Commission has the power and authority to-- -correct answer >>>Regulate the
issuance of licenses, registrations and certificates
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? -correct answer
>>>Reciprocity
What is a requirement for out of state broker cooperation? -correct answer >>>One
copy of the cooperating agreement must be filed with the commission
How long must brokers keep real estate transactions records? -correct answer >>>5
(five) years
When can the Commission inspect a Broker's records? -correct 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 -correct answer >>>True
The Commission shall upon verified complaint in writing investigate licensees. -correct
answer >>>True
The Commission may subpoena a Broker's records -correct answer >>>True
Before a hearing the Commission must notify a licensee at least how many days in
advance? -correct answer >>>20 (twenty) days in advance
The Commission may subpoena unlicensed people? -correct answer >>>True
A licensee's license is automatically revoked when money is paid out of the recovery
because of the actions of the licensee? -correct answer >>>True
A license found guilty at a hearing may have his or her license revoked? -correct
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? -correct 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? -correct answer >>>The
licensee to put up a suspensive appeal bond.
Primary Purpose of Louisiana License Law is to -correct answer >>>Protect the public
The LA Real Estate Commission consists of -correct answer >>>11 (eleven) members
To confirm commission appointments, the Governor must submit names to -correct
answer >>>The Senate
Real Estate Commission members serve -correct answer >>>6 (six) year terms
Members of The LA Real Estate Commission must be -correct answer >>>Qualified
electors of the State of LA
Citizens of the State of LA
In business as a Broker for at least 5 years
How many members of the commission constitute a Quorum? -correct answer >>>5
(five)
How many times is the commission REQUIRED to meet? -correct answer >>>Quarterly
How many Commissiion meetings per month? -correct answer >>>2 (two)
Application by _ members is required for additional meetings -correct answer >>>3
(three)
How much are Commission members paid for attending commission meetings? -correct
answer >>>$50 plus actual expenses
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a
violation of license law? -correct answer >>>True
Guaranteeing future profits can-- -correct answer >>>Get a licensee's license
suspended or revoked.
Any final conviction for a felony against a licensee must be reported to the LA Real
Estate Commission? -correct answer >>>True
A licensee indicted for violating the Fair Housing Act -correct answer >>>Will
automatically undergo investigation.
