Donaldson LA Statutory Requirements Questions
& Answers 100% Correct!!
Which of the following must have a license to be a property manager in Louisiana?
Select one:
A.The manager of agricultural property
B.A person working for a property manager on salary and showing units to prospective tenants
C.A person managing their own property
D.None of the above - ANSWERNone of the above
Which of the following best describes agency disclosure requirements? - ANSWERLicensees shall
provide the agency disclosure informational pamphlet or the agency disclosure form to all parties to
a real estate transaction involving the sale or lease of real property.
If a client signs a document, the client must be given a copy of that document - ANSWERimmediately
Which of the following is (are) true about the definition of a Seller in the license law?
Select one:
A.Seller means the transferor in real estate
B.Seller includes an owner who lists real estate for sale, whether or not a transfer results
C.Seller includes a lessor
D.All of the above are true - ANSWERAll of the above are true
Licensees shall insure that persons signing any document in a real estate transaction which pertains
to more than one party are provided with a copy of the completed document bearing the signatures
of all parties to the transaction _____________________ is affixed to the document. -
ANSWERwithin five days after the final signature
There will be no charge for transfer to a new sponsoring broker if done within __________. -
ANSWER60 days
& Answers 100% Correct!!
Which of the following must have a license to be a property manager in Louisiana?
Select one:
A.The manager of agricultural property
B.A person working for a property manager on salary and showing units to prospective tenants
C.A person managing their own property
D.None of the above - ANSWERNone of the above
Which of the following best describes agency disclosure requirements? - ANSWERLicensees shall
provide the agency disclosure informational pamphlet or the agency disclosure form to all parties to
a real estate transaction involving the sale or lease of real property.
If a client signs a document, the client must be given a copy of that document - ANSWERimmediately
Which of the following is (are) true about the definition of a Seller in the license law?
Select one:
A.Seller means the transferor in real estate
B.Seller includes an owner who lists real estate for sale, whether or not a transfer results
C.Seller includes a lessor
D.All of the above are true - ANSWERAll of the above are true
Licensees shall insure that persons signing any document in a real estate transaction which pertains
to more than one party are provided with a copy of the completed document bearing the signatures
of all parties to the transaction _____________________ is affixed to the document. -
ANSWERwithin five days after the final signature
There will be no charge for transfer to a new sponsoring broker if done within __________. -
ANSWER60 days
