LA STATE REAL EXAM – DONALDSON |
LATEST UPDATE
State Senate - Commission member appointments are confirmed by the
Within 5 days - When the association of an associate broker or salesperson is
terminated with their firm for any reason, the broker must return the license to the
LREC:
It can be re-issued if the former licensee pays all fees and completes all continuing
education by March 31. - How can an expired license be reactivated?
Only in a rental trust account to pay current financial obligations of a client - A broker
can keep more than $2500 of his personal or company funds in an escrow account:
in writing - According to the license law, Listings must be
In negotiations between broker and seller - The amount of commission charged a client
is established:
Legal description of the property - All of the following are requirements to perfect a sale
in Louisiana EXCEPT:
all sponsoring brokers - It is the duty of __________ to be aware of any changes in the
License Law and the commission Rules and Regulations.
The property is owned by more than one person - Ownership in indivision means:
Undivided interest. - If two or more persons own the same piece of property, each as
an undivided share, this is referred to as a (an):
After 10 years if both (a) owners representing 2/3 of the land and (b) 2/3 of the owners
of the land agree - Subdivision regulations (private deed restrictions) may be modified
by those affected within what time period?
Showing property and responding to questions about the property from a person -
Which of the following is not a Ministerial act?
C - In Louisiana, a licensee cannot be a dual agent without a dual agency disclosure
signed A. before a brokerage agreement is entered into by the client
B. before the licensee acts as a dual agent
, C. both 1 and 2
D. before a purchase agreement is entered into by the clients
A fine of $2000 and a prison term of 5 years. - Which of the following is a sanction
possible by the disciplinary action of the LREC? .
150 hours of education excluding the salesperson hours, 30 of which must be in Broker
Responsibilities - Which of the following best describes the education requirements for
a broker applicant?
It can be re-issued if the former licensee pays all fees and completes all continuing
education by March 31. - How can an expired license be reactivated
Active Licensee - In order to sell, exchange, purchase, or lease real estate for another,
for compensation, you must be a (an):
Immediately. - A licensee should ensure any annotated offers signed by their
respective clients are returned
Automatically suspended - If a broker's license is revoked due to a violation of the
License Law, what happens to her salespeople?
may not do so. It is illegal to pay an unlicensed person for finding you business. - If you
wish to pay a fee or part of a fee earned to an unlicensed person for finding you
business, you:
Immediately. - Licensees are required to furnish to their clients a copy of any document
which the client has signed pertinent to a real estate transaction:
Is not required to provide any further explanation or information regarding mold. - A
licensee distributing a mold informational pamphlet:
The mbroker mmust mpresent mboth moffers mat mthe msame mtime mand mallow mthe mowner mto
mchoose mthe mbest mone. m- m mA mbroker mreceives man moffer mon ma mproperty mat m7PM mon
mFriday mnight. mHe mmakes mseveral mattempts mbut mcannot mreach mthe mowners muntil mafter
mhe mhas mreceived manother moffer mon mthe msame mproperty. mWhich mof mthe mfollowing
mstatements mis(are) mtrue?
Present mall moffers mat mthe msame mtime mto mthe mseller. m- m mSally mSalesperson mreceived m3
moffers mon mone mof mher mlistings, mone mat m9 mam, mone mat m11 mam, mone mat m1 mpm m- mall mon
mthe msame mday. mHow mshould mSally mpresent mthese moffers mwhen mshe msees mthe mseller
mthat mevening mat m7 mpm?
Always ma mviolation mof mthe mregulations m- m mFees mto mnon-licensees mfor mfinding mclients
mare:
LATEST UPDATE
State Senate - Commission member appointments are confirmed by the
Within 5 days - When the association of an associate broker or salesperson is
terminated with their firm for any reason, the broker must return the license to the
LREC:
It can be re-issued if the former licensee pays all fees and completes all continuing
education by March 31. - How can an expired license be reactivated?
Only in a rental trust account to pay current financial obligations of a client - A broker
can keep more than $2500 of his personal or company funds in an escrow account:
in writing - According to the license law, Listings must be
In negotiations between broker and seller - The amount of commission charged a client
is established:
Legal description of the property - All of the following are requirements to perfect a sale
in Louisiana EXCEPT:
all sponsoring brokers - It is the duty of __________ to be aware of any changes in the
License Law and the commission Rules and Regulations.
The property is owned by more than one person - Ownership in indivision means:
Undivided interest. - If two or more persons own the same piece of property, each as
an undivided share, this is referred to as a (an):
After 10 years if both (a) owners representing 2/3 of the land and (b) 2/3 of the owners
of the land agree - Subdivision regulations (private deed restrictions) may be modified
by those affected within what time period?
Showing property and responding to questions about the property from a person -
Which of the following is not a Ministerial act?
C - In Louisiana, a licensee cannot be a dual agent without a dual agency disclosure
signed A. before a brokerage agreement is entered into by the client
B. before the licensee acts as a dual agent
, C. both 1 and 2
D. before a purchase agreement is entered into by the clients
A fine of $2000 and a prison term of 5 years. - Which of the following is a sanction
possible by the disciplinary action of the LREC? .
150 hours of education excluding the salesperson hours, 30 of which must be in Broker
Responsibilities - Which of the following best describes the education requirements for
a broker applicant?
It can be re-issued if the former licensee pays all fees and completes all continuing
education by March 31. - How can an expired license be reactivated
Active Licensee - In order to sell, exchange, purchase, or lease real estate for another,
for compensation, you must be a (an):
Immediately. - A licensee should ensure any annotated offers signed by their
respective clients are returned
Automatically suspended - If a broker's license is revoked due to a violation of the
License Law, what happens to her salespeople?
may not do so. It is illegal to pay an unlicensed person for finding you business. - If you
wish to pay a fee or part of a fee earned to an unlicensed person for finding you
business, you:
Immediately. - Licensees are required to furnish to their clients a copy of any document
which the client has signed pertinent to a real estate transaction:
Is not required to provide any further explanation or information regarding mold. - A
licensee distributing a mold informational pamphlet:
The mbroker mmust mpresent mboth moffers mat mthe msame mtime mand mallow mthe mowner mto
mchoose mthe mbest mone. m- m mA mbroker mreceives man moffer mon ma mproperty mat m7PM mon
mFriday mnight. mHe mmakes mseveral mattempts mbut mcannot mreach mthe mowners muntil mafter
mhe mhas mreceived manother moffer mon mthe msame mproperty. mWhich mof mthe mfollowing
mstatements mis(are) mtrue?
Present mall moffers mat mthe msame mtime mto mthe mseller. m- m mSally mSalesperson mreceived m3
moffers mon mone mof mher mlistings, mone mat m9 mam, mone mat m11 mam, mone mat m1 mpm m- mall mon
mthe msame mday. mHow mshould mSally mpresent mthese moffers mwhen mshe msees mthe mseller
mthat mevening mat m7 mpm?
Always ma mviolation mof mthe mregulations m- m mFees mto mnon-licensees mfor mfinding mclients
mare:
