LOUISIANA REAL ESTATE EXAMINATION TEST 2025/2026
QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔When licensees have business transactions that were instituted while still with their
previous broker, they: - ✔✔may accept commissions from their previous broker
✔✔The individual who represents a client is referred to as a(n): - ✔✔Agent
✔✔In the event that the potential client refuses to sign the agency disclosure pamphlet,
the licensee should: - ✔✔Note the refusal to sign and the reason of the client for not
signing
✔✔When must offers be presented to the client? - ✔✔Immediately
✔✔An example of a personal servitude is a:
Natural servitude
Legal servitude
Conventional servitude
Usufruct - ✔✔Usufruct
✔✔A lessor who does not return a security deposit within 30 days of the tenant vacating
the property, may be subject to damages for attorney fees and a minimum of: - ✔✔$200
✔✔How much time is allowed for delinquently renewing a real estate license? - ✔✔3
months
✔✔In the event of the death of a sponsoring broker, the appointed associate broker or
salesperson must notify all licensees of the deceased broker: - ✔✔immediately
✔✔Licensees receiving written offers in cooperative transactions must annotate the
offer to indicate: - ✔✔The time and date the offer was received
✔✔May a licensee keep information about material defects in the property confidential?
- ✔✔No, they must be disclosed
✔✔When the license of a sponsoring broker is suspended: - ✔✔all licensees sponsored
by that broker are also suspended
✔✔To avoid possible problems a lessor should return the security deposit within - ✔✔30
days after the tenant vacate
, ✔✔A court order to physically divide property among the several owners is a -
✔✔Partition in kind
✔✔Which of the following funds was established to reimburse any person who is
adjudged to have suffered monetary damages as a result of obtaining money or
property by fraud or misrepresentation by a licensed salesperson or broker? - ✔✔The
Recovery Fund
✔✔Upon the death of a sponsoring broker, the licenses of the sponsored licensees
must be returned to the Commission: - ✔✔within 5 days
✔✔Upon termination of a relationship with a sponsoring broker, the licensee is required
to: - ✔✔Return any information obtained during the business relationship to the broker
✔✔Can a licensee give information regarding list prices on the telephone as a
ministerial act? - ✔✔Yes
✔✔What is the property tax on a residential property assessed for $80,000, with no
homestead exemption, and a millage rate of 100 mills? - ✔✔$800
✔✔An inactive licensee with their license on file with the LREC: - ✔✔may not practice
✔✔Building restrictions can be modified at what point? - ✔✔Any time if all property
owners agree
✔✔Upon termination of a relationship with a sponsoring broker, the licensee must do all
of the following EXCEPT:
Return all listing information
Return all agency forms
Return all contracts
Forfeit any commissions due on pending sales - ✔✔Forfeit any commissions due on
pending sales
✔✔How long does a sponsoring broker have to return the license of any licensee who
has a suspended or revoked license? - ✔✔72 hours
✔✔Which of the following is NOT considered to be a psychological impact?
QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔When licensees have business transactions that were instituted while still with their
previous broker, they: - ✔✔may accept commissions from their previous broker
✔✔The individual who represents a client is referred to as a(n): - ✔✔Agent
✔✔In the event that the potential client refuses to sign the agency disclosure pamphlet,
the licensee should: - ✔✔Note the refusal to sign and the reason of the client for not
signing
✔✔When must offers be presented to the client? - ✔✔Immediately
✔✔An example of a personal servitude is a:
Natural servitude
Legal servitude
Conventional servitude
Usufruct - ✔✔Usufruct
✔✔A lessor who does not return a security deposit within 30 days of the tenant vacating
the property, may be subject to damages for attorney fees and a minimum of: - ✔✔$200
✔✔How much time is allowed for delinquently renewing a real estate license? - ✔✔3
months
✔✔In the event of the death of a sponsoring broker, the appointed associate broker or
salesperson must notify all licensees of the deceased broker: - ✔✔immediately
✔✔Licensees receiving written offers in cooperative transactions must annotate the
offer to indicate: - ✔✔The time and date the offer was received
✔✔May a licensee keep information about material defects in the property confidential?
- ✔✔No, they must be disclosed
✔✔When the license of a sponsoring broker is suspended: - ✔✔all licensees sponsored
by that broker are also suspended
✔✔To avoid possible problems a lessor should return the security deposit within - ✔✔30
days after the tenant vacate
, ✔✔A court order to physically divide property among the several owners is a -
✔✔Partition in kind
✔✔Which of the following funds was established to reimburse any person who is
adjudged to have suffered monetary damages as a result of obtaining money or
property by fraud or misrepresentation by a licensed salesperson or broker? - ✔✔The
Recovery Fund
✔✔Upon the death of a sponsoring broker, the licenses of the sponsored licensees
must be returned to the Commission: - ✔✔within 5 days
✔✔Upon termination of a relationship with a sponsoring broker, the licensee is required
to: - ✔✔Return any information obtained during the business relationship to the broker
✔✔Can a licensee give information regarding list prices on the telephone as a
ministerial act? - ✔✔Yes
✔✔What is the property tax on a residential property assessed for $80,000, with no
homestead exemption, and a millage rate of 100 mills? - ✔✔$800
✔✔An inactive licensee with their license on file with the LREC: - ✔✔may not practice
✔✔Building restrictions can be modified at what point? - ✔✔Any time if all property
owners agree
✔✔Upon termination of a relationship with a sponsoring broker, the licensee must do all
of the following EXCEPT:
Return all listing information
Return all agency forms
Return all contracts
Forfeit any commissions due on pending sales - ✔✔Forfeit any commissions due on
pending sales
✔✔How long does a sponsoring broker have to return the license of any licensee who
has a suspended or revoked license? - ✔✔72 hours
✔✔Which of the following is NOT considered to be a psychological impact?
