Louisiana Real Estate Exam
The Commission is comprised of how many members? - ANS-11
Commission members are appointed by who? - ANS-The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may serve
more than that. - ANS-6
The Commission must meet ______. - ANS-quarterly
A minimum of __ members is required for a ______ to conduct business. - ANS-5
quorum
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - ANS-3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - ANS-5
Licenses issued by the LREC are classified as? - ANS-Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - ANS-Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - ANS-Corporate, partnership, or limited liability company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - ANS-10
To be eligible to apply for a broker's license, the applicant must hold an active salesperson
license for a minimum of __ years prior to application. - ANS-4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009, shall have
to serve as a salesperson for only __ years. - ANS-2
Before applying for a broker's license, the applicant must show evidence of completion of ___
hours of current educational instruction in real estate courses approved by the real estate
, commission. At least ___ of those hours must be in courses emphasizing broker's
responsibilities. - ANS-150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license education
hours within ___ days after the initial license date. - ANS-45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual continuing
education requirement. - ANS-8
12
Inactivity for 1 to 3 years - ANS-20 hours of continuing ed
Inactivity for 3 to 5 years - ANS-40 hours of continuing ed
___ hours of continuing ed is required of all licensees.
Broken down into ___ classes. - ANS-12
4
The transfer of active salesperson and broker licenses must be processed through the LREC.
Salespersons must request that their present sponsoring broker return their license to the real
estate commission. Their sponsoring broker is required to comply with the request within ___
days. - ANS-5
One of the major powers of the Commission is to censure, suspend, or revoke the licenses of
brokers, salespersons and registered timeshare interest salespersons for cause. - ANS-
If charges are brought against a licensee following a complaint and subsequent investigation, a
written notice of the charges must be received by the licensee, at least ___ days prior to his/her
scheduled hearing before the Commission. The licensee's broker sponsoring broker must be
notified of the charges and the scheduled hearing as well. The hearing may be an ______
hearing or formal _____ hearing. - ANS-20 days
Informal adjudicatory or formal adjudicatory
The broker's name and telephone number must appear in all advertising. - ANS-
All advertising must represent the property accurately. - ANS-
Licensed brokers or salespersons advertising property, which they own, must include the term
_______ in all printed and other materials. - ANS-owner/agent
All advertisements of residential property must have a _____ that the advertisement is
published or distributed on. - ANS-date
The Commission is comprised of how many members? - ANS-11
Commission members are appointed by who? - ANS-The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may serve
more than that. - ANS-6
The Commission must meet ______. - ANS-quarterly
A minimum of __ members is required for a ______ to conduct business. - ANS-5
quorum
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - ANS-3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - ANS-5
Licenses issued by the LREC are classified as? - ANS-Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - ANS-Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - ANS-Corporate, partnership, or limited liability company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - ANS-10
To be eligible to apply for a broker's license, the applicant must hold an active salesperson
license for a minimum of __ years prior to application. - ANS-4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009, shall have
to serve as a salesperson for only __ years. - ANS-2
Before applying for a broker's license, the applicant must show evidence of completion of ___
hours of current educational instruction in real estate courses approved by the real estate
, commission. At least ___ of those hours must be in courses emphasizing broker's
responsibilities. - ANS-150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license education
hours within ___ days after the initial license date. - ANS-45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual continuing
education requirement. - ANS-8
12
Inactivity for 1 to 3 years - ANS-20 hours of continuing ed
Inactivity for 3 to 5 years - ANS-40 hours of continuing ed
___ hours of continuing ed is required of all licensees.
Broken down into ___ classes. - ANS-12
4
The transfer of active salesperson and broker licenses must be processed through the LREC.
Salespersons must request that their present sponsoring broker return their license to the real
estate commission. Their sponsoring broker is required to comply with the request within ___
days. - ANS-5
One of the major powers of the Commission is to censure, suspend, or revoke the licenses of
brokers, salespersons and registered timeshare interest salespersons for cause. - ANS-
If charges are brought against a licensee following a complaint and subsequent investigation, a
written notice of the charges must be received by the licensee, at least ___ days prior to his/her
scheduled hearing before the Commission. The licensee's broker sponsoring broker must be
notified of the charges and the scheduled hearing as well. The hearing may be an ______
hearing or formal _____ hearing. - ANS-20 days
Informal adjudicatory or formal adjudicatory
The broker's name and telephone number must appear in all advertising. - ANS-
All advertising must represent the property accurately. - ANS-
Licensed brokers or salespersons advertising property, which they own, must include the term
_______ in all printed and other materials. - ANS-owner/agent
All advertisements of residential property must have a _____ that the advertisement is
published or distributed on. - ANS-date
