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Louisiana Real Estate - State Portion License
Exam Questions With 100% Verified
Answers.
Primary Purpose of Louisiana License Law is to - answer✔Protect the public
The LA Real Estate Commission consists of - answer✔11 (eleven) members
To confirm commission appointments, the Governor must submit names to - answer✔The Senate
Real Estate Commission members serve - answer✔6 (six) year terms
Members of The LA Real Estate Commission must be - 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? - answer✔5 (five)
How many times is the commission REQUIRED to meet? - answer✔Quarterly
How many Commissiion 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
Promulgate the rules and bylaws for the enforcement of the license law
, ©BRAINBARTER 2024/2025
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
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.
Any final conviction for a felony against a licensee must be reported to the LA Real Estate
Commission? - answer✔True
Louisiana Real Estate - State Portion License
Exam Questions With 100% Verified
Answers.
Primary Purpose of Louisiana License Law is to - answer✔Protect the public
The LA Real Estate Commission consists of - answer✔11 (eleven) members
To confirm commission appointments, the Governor must submit names to - answer✔The Senate
Real Estate Commission members serve - answer✔6 (six) year terms
Members of The LA Real Estate Commission must be - 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? - answer✔5 (five)
How many times is the commission REQUIRED to meet? - answer✔Quarterly
How many Commissiion 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
Promulgate the rules and bylaws for the enforcement of the license law
, ©BRAINBARTER 2024/2025
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
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.
Any final conviction for a felony against a licensee must be reported to the LA Real Estate
Commission? - answer✔True
