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Louisiana Real Estate - State Portion License Exam Questions With Correct Answers 2025.Pdf

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Louisiana Real Estate - State Portion License Exam Questions With Correct Answers 2025.Pdf

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17 pages

2024/2025

Institution Louisiana Licensing

Course Louisiana Licensing

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LOUISIANA REAL ESTATE - STATE PORTION LICENSE EXAM QUESTIONS WITH CORRECT ANSWERS

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LOUISIANA REAL ESTATE - STATE PORTION
LICENSE EXAM QUESTIONS WITH CORRECT
ANSWERS 2025
PrimaryAPurposeAofALouisianaALicenseALawAisAtoA-ACORRECTAANSWERA-ProtectAtheApublic

TheALAARealAEstateACommissionAconsistsAofA-ACORRECTAANSWERA-11A(eleven)Amembers

ToAconfirmAcommissionAappointments,AtheAGovernorAmustAsubmitAnamesAtoA-ACORRECTAANSWERA-
TheASenate

RealAEstateACommissionAmembersAserveA-ACORRECTAANSWERA-6A(six)AyearAterms

MembersAofATheALAARealAEstateACommissionAmustAbeA-ACORRECTAANSWERA-
QualifiedAelectorsAofAtheAStateAofALA

CitizensAofAtheAStateAofALA

InAbusinessAasAaABrokerAforAatAleastA5Ayears

HowAmanyAmembersAofAtheAcommissionAconstituteAaAQuorum?A-ACORRECTAANSWERA-5A(five)

HowAmanyAtimesAisAtheAcommissionAREQUIREDAtoAmeet?A-ACORRECTAANSWERA-Quarterly

HowAmanyACommissiionAmeetingsAperAmonth?A-ACORRECTAANSWERA-2A(two)

ApplicationAbyA_AmembersAisArequiredAforAadditionalAmeetingsA-ACORRECTAANSWERA-3A(three)

HowAmuchAareACommissionAmembersApaidAforAattendingAcommissionAmeetings?A-ACORRECTAANSWERA-
$50AplusAactualAexpenses

WhereAisAtheAcommissionAlocated?A-ACORRECTAANSWERA-BatonARouge

,TheACommissionAhasAtheApowerAandAauthorityAto--A-ACORRECTAANSWERA-
RegulateAtheAissuanceAofAlicenses,AregistrationsAandAcertificates

PromulgateAtheArulesAandAbylawsAforAtheAenforcementAofAtheAlicenseAlaw

AppointAanAexecutiveAdirector

Etc.

WhatAisArightAofAtheAcommissionAtoAallowAlicenseesAinAotherAstatesAtoAreceiveAaAlicenseAinAonAstateAifAthatA
stateAallowsAourAlicenseesAtheAsameAprivilege?A-ACORRECTAANSWERA-Reciprocity

WhatAisAaArequirementAforAoutAofAstateAbrokerAcooperation?A-ACORRECTAANSWERA-
OneAcopyAofAtheAcooperatingAagreementAmustAbeAfiledAwithAtheAcommission

HowAlongAmustAbrokersAkeepArealAestateAtransactionsArecords?A-ACORRECTAANSWERA-5A(five)Ayears

WhenAcanAtheACommissionAinspectAaABroker'sArecords?A-ACORRECTAANSWERA-
BetweenA9AMAandA4PM,ASaturdays,ASundays,AandAlegalAholidaysAexcluded.

TheAcommissionAmay,AonAitsAownAmotionAinvestigateAlicenseeAorApersonasAactingAinAsuchAcapacityA-
ACORRECTAANSWERA-True

TheACommissionAshallAuponAverifiedAcomplaintAinAwritingAinvestigateAlicensees.A-ACORRECTAANSWERA-
True

TheACommissionAmayAsubpoenaAaABroker'sArecordsA-ACORRECTAANSWERA-True

BeforeAaAhearingAtheACommissionAmustAnotifyAaAlicenseeAatAleastAhowAmanyAdaysAinAadvance?A-
ACORRECTAANSWERA-20A(twenty)AdaysAinAadvance

, TheACommissionAmayAsubpoenaAunlicensedApeople?A-ACORRECTAANSWERA-True

AAlicensee'sAlicenseAisAautomaticallyArevokedAwhenAmoneyAisApaidAoutAofAtheArecoveryAbecauseAofAtheAact
ionsAofAtheAlicensee?A-ACORRECTAANSWERA-True

AAlicenseAfoundAguiltyAatAaAhearingAmayAhaveAhisAorAherAlicenseArevoked?A-ACORRECTAANSWERA-True

AAhearingAisAheldAandABrokerAAAhasAhisAlicenseArevoked.ABrokerAAAappealsAhisArevocationAinAcourt.ADuringA
theAtrialABrokerAAAlistsAaApropertyAforAsale.AIsAthisALegal?A-ACORRECTAANSWERA-
ItAisAlegalAifABrokerAAArequestedAandAOBTAINEDAaAstayAofAenforcement

AnAappealAofAaAcourt'sAdecisionAtoAaAhigherAcourtArequiresAwhat?A-ACORRECTAANSWERA-
TheAlicenseeAtoAputAupAaAsuspensiveAappealAbond.

TheACourtAcanAfineAanAindividualAupAtoA$2000AorAimprisonAthemAforAupAtoA5AyearsAforAaAviolationAofAlicens
eAlaw?A-ACORRECTAANSWERA-True

GuaranteeingAfutureAprofitsAcan--A-ACORRECTAANSWERA-GetAaAlicensee'sAlicenseAsuspendedAorArevoked.

AnyAfinalAconvictionAforAaAfelonyAagainstAaAlicenseeAmustAbeAreportedAtoAtheALAARealAEstateACommission?A
-ACORRECTAANSWERA-True

AAlicenseeAindictedAforAviolatingAtheAFairAHousingAActA-ACORRECTAANSWERA-
WillAautomaticallyAundergoAinvestigation.

TheARealAEstateACOMMISSIONAcanAfineAupAtoA$5000?A-ACORRECTAANSWERA-True

AnAunlicensedApersonAattemptsAtoAlistAseveralApropertiesAforAsaleAinAherAsubdivision.ANobodyAagreedAtoAli
stAhisAorAherApropertiesAforAsale.AWhatAdoesAthisAmean?A-ACORRECTAANSWERA-
ThisAisAaAviolationAofAtheAlicenseAlaw.

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Uploaded on: February 15, 2025
Number of pages: 17
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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