Louisiana Rules & Regulations Exam
How many days after passing the licensing exam does an 90
applicant have in which to submit the affidavit of
sponsorship to the Commission?
The examination authorization form issued by the 90 Days
Commission will expire after:
Which of the following documents is/are required of Proof of completion of the required real estate instruction hours. Verification of
licensing applicants? passing an equivalent real estate license examination if licensed in another state.
Copy of any trade name or trademark registration issued by the secretary of state
for use by the individual broker or salesperson applicant in real estate license
activities.
Licenses, registrations and certificates issued to a the Secretary of State.
corporation, partnership or limited liability company for any
purpose shall be issued in the identical name as registered
with:
Any applicant who takes and fails to pass the initial apply to the Commission to retake the exam and pay a processing fee.
licensing exam must
The Commission shall require ____ of the 12 hours 4
continuing education to be in a mandated topic.
When a licensed agency purchases or acquires another 5
licensed agency, the sponsoring broker of the acquiring
agency shall give written notice to all licensees transferred
to the acquiring agency within ____ working days following
the date of acquisition
A transfer fee will not be charged when the salesperson or the death of the sponsoring broker, suspension or revocation of the sponsoring
associate broker applies for transfer within 60 days of broker, transfer of the sponsoring broker
Which of the following is TRUE? A broker may conduct real estate activity as an individual real estate broker and at
the same time be designated as the qualifying broker of one or more corporations,
limited liability companies or partnerships. Associate brokers and salespersons may
not be sponsored by more than one Louisiana broker. A broker may not conduct
business as an individual broker and an associate broker at the same time.
If a licensee has been on inactive status for 1 to 5 years, 45 hours
how many hours of post licensing coursework may be
used in lieu of continuing education to activate the license?
A licensee must complete all continuing education false
requirements before transferring to inactive status.
true or false
The Commission shall not intervene in employment true
disputes or disputes pertaining to financial obligations that
are the result of a business relationship between a broker
and a sponsored licensee.
true or false
Who is ultimately responsible for branch office operations? The individual sponsoring broker
Stuvia 2026-2027
, Louisiana Rules & Regulations Exam
An associate broker or salesperson advertising on an his or her name and name of sponsoring broker, the city and state in which the
internet site or e-mail must include on each page sponsoring broker's office is located
A sum not to exceed _____ may be kept in each sales $2500
escrow checking account, rental trust checking account,
and security deposit trust checking account to cover bank
service charges relating to the accounts.
Funds may be withdrawn from an escrow account for all of To pay the agent's commission
the following purposes EXCEPT:
Which of the following statements is TRUE regarding A broker may open an additional escrow account when it is in the interest of the
escrow accounts? principal parties to a particular transaction. Escrow account must be non-interest
bearing unless all parties having an interest in the funds deposited in the account
have agreed otherwise in writing. Personal funds of $2500 or less may be kept in an
escrow account.
For which of the following reasons can money in an to return the funds to the buyer at the time of closing, upon mutual written consent
escrow account be withdrawn? of all parties, upon court order
Within ___ days following the transfer of funds upon 5
acquisition of a licensed agency by another licensed
agency, a letter jointly signed by the sponsoring brokers of
the acquired agency and the acquiring agency shall be
forwarded to the commission certifying that all trust funds
have been transferred.
Licensees must notify the Real Estate Commission within true
10 days of a change in mailing address OR physical
address.
true or false
What should be done with escrow funds when there is a The broker may disburse the funds based on a reasonable interpretation of the
dispute as to ownership of the funds and an agreement contract. The funds may be deposited into the registry of any court of competent
can not be reached? jurisdiction through a concourses proceeding. The funds may be disbursed upon the
written mutual consent of all parties involved.
If a licensee holds any interest in a property involved in a true
real estate transaction, his or her status as licensee must
be disclosed in writing to all parties prior to entereing into
any negotiations concerning the execution of a real estate
contract.
true or false
When involved in the sale or lease of real property, with all parties to the transaction
whom must the licensee provide an agency disclosure
informational pamphlet?
Which of the following statements is TRUE concerning Unless exempted therein, the seller of residential real property shall complete a
property disclosure? property disclosure document in a form prescribed by the Louisiana Real Estate
commission or a form that contains at least the minimum language prescribed by
the commission.
All of the following would constitute "substantive contact" When performing ministerial acts for the customer
EXCEPT:
Stuvia 2026-2027
How many days after passing the licensing exam does an 90
applicant have in which to submit the affidavit of
sponsorship to the Commission?
The examination authorization form issued by the 90 Days
Commission will expire after:
Which of the following documents is/are required of Proof of completion of the required real estate instruction hours. Verification of
licensing applicants? passing an equivalent real estate license examination if licensed in another state.
Copy of any trade name or trademark registration issued by the secretary of state
for use by the individual broker or salesperson applicant in real estate license
activities.
Licenses, registrations and certificates issued to a the Secretary of State.
corporation, partnership or limited liability company for any
purpose shall be issued in the identical name as registered
with:
Any applicant who takes and fails to pass the initial apply to the Commission to retake the exam and pay a processing fee.
licensing exam must
The Commission shall require ____ of the 12 hours 4
continuing education to be in a mandated topic.
When a licensed agency purchases or acquires another 5
licensed agency, the sponsoring broker of the acquiring
agency shall give written notice to all licensees transferred
to the acquiring agency within ____ working days following
the date of acquisition
A transfer fee will not be charged when the salesperson or the death of the sponsoring broker, suspension or revocation of the sponsoring
associate broker applies for transfer within 60 days of broker, transfer of the sponsoring broker
Which of the following is TRUE? A broker may conduct real estate activity as an individual real estate broker and at
the same time be designated as the qualifying broker of one or more corporations,
limited liability companies or partnerships. Associate brokers and salespersons may
not be sponsored by more than one Louisiana broker. A broker may not conduct
business as an individual broker and an associate broker at the same time.
If a licensee has been on inactive status for 1 to 5 years, 45 hours
how many hours of post licensing coursework may be
used in lieu of continuing education to activate the license?
A licensee must complete all continuing education false
requirements before transferring to inactive status.
true or false
The Commission shall not intervene in employment true
disputes or disputes pertaining to financial obligations that
are the result of a business relationship between a broker
and a sponsored licensee.
true or false
Who is ultimately responsible for branch office operations? The individual sponsoring broker
Stuvia 2026-2027
, Louisiana Rules & Regulations Exam
An associate broker or salesperson advertising on an his or her name and name of sponsoring broker, the city and state in which the
internet site or e-mail must include on each page sponsoring broker's office is located
A sum not to exceed _____ may be kept in each sales $2500
escrow checking account, rental trust checking account,
and security deposit trust checking account to cover bank
service charges relating to the accounts.
Funds may be withdrawn from an escrow account for all of To pay the agent's commission
the following purposes EXCEPT:
Which of the following statements is TRUE regarding A broker may open an additional escrow account when it is in the interest of the
escrow accounts? principal parties to a particular transaction. Escrow account must be non-interest
bearing unless all parties having an interest in the funds deposited in the account
have agreed otherwise in writing. Personal funds of $2500 or less may be kept in an
escrow account.
For which of the following reasons can money in an to return the funds to the buyer at the time of closing, upon mutual written consent
escrow account be withdrawn? of all parties, upon court order
Within ___ days following the transfer of funds upon 5
acquisition of a licensed agency by another licensed
agency, a letter jointly signed by the sponsoring brokers of
the acquired agency and the acquiring agency shall be
forwarded to the commission certifying that all trust funds
have been transferred.
Licensees must notify the Real Estate Commission within true
10 days of a change in mailing address OR physical
address.
true or false
What should be done with escrow funds when there is a The broker may disburse the funds based on a reasonable interpretation of the
dispute as to ownership of the funds and an agreement contract. The funds may be deposited into the registry of any court of competent
can not be reached? jurisdiction through a concourses proceeding. The funds may be disbursed upon the
written mutual consent of all parties involved.
If a licensee holds any interest in a property involved in a true
real estate transaction, his or her status as licensee must
be disclosed in writing to all parties prior to entereing into
any negotiations concerning the execution of a real estate
contract.
true or false
When involved in the sale or lease of real property, with all parties to the transaction
whom must the licensee provide an agency disclosure
informational pamphlet?
Which of the following statements is TRUE concerning Unless exempted therein, the seller of residential real property shall complete a
property disclosure? property disclosure document in a form prescribed by the Louisiana Real Estate
commission or a form that contains at least the minimum language prescribed by
the commission.
All of the following would constitute "substantive contact" When performing ministerial acts for the customer
EXCEPT:
Stuvia 2026-2027
