LOUISIANA LICENSING LAW - REVIEW EXAM QUESTIONS WITH CORRECT ANSWERS 2025

LOUISIANA LICENSING LAW - REVIEW
EXAM QUESTIONS WITH CORRECT
ANSWERS 2025
WhoAappointsAtheAcommissioners?A-ACORRECTAANSWERA-theAGovernor



WhoAenactsAtheAlawsAthatAregulateAtoAindustry?A-ACORRECTAANSWERA-theALegislature



WhoAenforcesAtheAlawsAandAprotectsAtheApublic,AandAcanAalsoAtakeAawayAlicenses?A-ACORRECTAANSWERA-
theALouisianaARealAEstateACommission



IndividualARealAEstateABrokerA-ACORRECTAANSWERA-anAindividualApersonAlicensedAasAaAbroker



SponsoringABrokerA-ACORRECTAANSWERA-
anyAindividualAbrokerAthatAsponsorsAassociateAbrokersAorArealAestateAsalespersons



QualifyingABrokerA-ACORRECTAANSWERA-
aAsponsoringAbrokerAthatArepresentsAforAaAcorporation,Acompany,AorApartnershipAtoAtheACommission



AssociateABrokerA-ACORRECTAANSWERA-
holdsAaAbrokersAlicenseAandAisAEXCLUSIVELYAaffiliatedAwithAandAsponsoredAbyAanotherAlicensedAbroker



RealAEstateASalespersonA-ACORRECTAANSWERA-
aApersonAotherAthanAanAassociateAbrokerAwhoAisAsponsoredAbyAaAlicensedAbroker



RealAEstateA-ACORRECTAANSWERA-
landAandAanyApermanentAimprovementsAotherAthanAgas,Aoil,AorAotherAminerals



RealAEstateAActivityA-ACORRECTAANSWERA-anyAactivityAperformedAFORAAAFEEArelatingAtoArealAestate

, TimeshareAInterestASalespersonA-ACORRECTAANSWERA-
aApersonAwhoAdirectlyAsellsAorAoffersAtoAsellAtimeshareAinterest;AmustAhaveAlicenseAtoAdoAso



RealAEstateATransactionA-ACORRECTAANSWERA-
selling,Abuying,AofferingAtoAsellAorAbuy,AsolicitingAforAprospectiveApurchasers,Amanaging,Aleasing,Arenting,A
offeringAtoAmanage,AleaseAorArentAanyArealAestateAorAimprovements



AgentA-ACORRECTAANSWERA-aAlicenseeAactingAinAaArealAestateAtransaction



LicenseeA-ACORRECTAANSWERA-
anyApersonAwhoAhasAbeenAissuedAaAlicenseAbyAtheACommissionAtoAparticipateAinAanyArealAestateAactivity



PrincipalA-ACORRECTAANSWERA-theAsellerA(vendor)AorAbuyerA(vendee)AinAaAtransaction



ClientA-ACORRECTAANSWERA-oneAwhoAhiresAaAlicenseeAasAhisAagentAforAprofessionalAadviceAandAservices



ListingAAgentA-ACORRECTAANSWERA-
aAlicenseeAwhoAobtainsAaAlistingAtoAactAasAanAagentAforAcompensation;Asells



Buyer'sAAgentA-ACORRECTAANSWERA-
aAlicenseeAwhoAisAemployedAbyAandArepresentsAtheAbuyerAinAaArealAestateAtransaction



SellerA-ACORRECTAANSWERA-
theAtransferorAinAaArealAestateAtransaction;AincludesAanAownerAwhoAlistsAwithAanAagent



BuyerA-ACORRECTAANSWERA-
theAtransfereeAinAaArealAestateAtransaction;AincludesAaApersonAwhoAexecutesAanAofferAtoApurchaseAorAlease
ArealAestateAfromAaAseller




DualAAgentA-ACORRECTAANSWERA-
representsAbothAtheAbuyerAandAtheAsellerAwithAtheAknowledgeAandAconsentAofAbothAparties