Louisiana Real Estate Exam Study Guide | 80 Questions with 100% Correct Answers | Verified

An applicant for a real estate license may continue to attempt to pass the licensing exam for a period of - ANS - 1 year In Louisiana, sub agency is - ANS - Allowed only by a contractual agreement No associate broker or salesperson license may be renewed until - ANS - The license of their sponsoring broker has been renewed All written offers to purchase real estate should be presented - ANS - Immediately Corporate, limited liability company, and partnership brokers must retain copies of all real estate transactions for a period of: - ANS - 5 years Licensees in the military are entitled to renewal of their licenses without penalty if application is filed - ANS - Within six months following discharge When a broker determines that a dispute exists regarding the funds held on deposit in an escrow account, the broker must - ANS - Notify all parties of the dispute To qualify for a deficiency judgment, a lender must sell the property at foreclosure for what potion of its value? - ANS - 2/3 of the appraised value The minimum time required for notice to vacate a residential property for non-payment of rent is - ANS - 5 days