Louisiana Real Estate Salesperson
Prelicensing
Mixing client funds with company funds would be? - ANS-commingling
An agent who is employed by and represents only the purchaser in a transaction? -
ANS-Buyer's agent
Condominiums, leaseholds, and other interest in land with the exception of oil, gas, or minerals?
- ANS-Real Estate
The Real Estate Commission consist of eleven members appointed by the... - ANS-Governor
Real Estate Commissioners in Louisiana are: - ANS-. Appointed by the Governor
One who for a fee manages real estate, collects rents, supervises property maintenance for
another - ANS-Property Manager
A broker who is the sponsoring broker for a partnership or corporation is called a(n) -
ANS-Qualifying broker
A person acting under the provisions of the license law in a real estate transaction is a(n): -
ANS-Agent
A sponsoring broker: - ANS-May sponsor only licensed agents.
A licensee holding a brokers license but who is sponsored by another broker is a(n) -
ANS-Associate broker
A person issued a license by the Louisiana Real Estate Commission is a: - ANS-Licensee
A licensee who has a written agreement to sell real estate and act as an agent is known as the:
- ANS-Listing Agent
Mixing personal funds with funds belonging to other persons is: - ANS-Commingling
Enforcing laws concerning real estate and licensees is the job of the: - ANS-Louisiana Real
Estate Commission
Every real estate corporation or partnership MUST designate on the company license: -
ANS-The name of the qualifying broker.
, No individual real estate salesperson's license shall be issued to any person who has not
attained the age of: - ANS-18
Which of the following would NOT come under the jurisdiction of the LREC? - ANS-For Sale by
Owner.
Every applicant for a license shall submit a sworn statement attesting that he/she has
knowledge of an understands the provisions of: - ANS-Both the Fair Housing Act of 1968 and
the Louisiana Equal Housing Opportunity Act
Applicants for a salesperson license MUST: - ANS-Have a high school diploma or equivalent.
All applicants for a brokers license shall have first served actively for _____ year(s) as a real
estate salesperson. - ANS-4
Which of the following may NOT sell real estate without a license? - ANS-Unlicensed assistant
to a licensed real estate agent.
Real Estate licensing shall be required in which the following situations? - ANS-A father selling a
property for his college-aged son
All trade names, symbols, and logos used in advertising a real estate company MUST be: -
ANS-Registered with the Real Estate Commission
The professional competency of any applicant for a real estate license shall be judged solely on
the basis of: - ANS-A written exam administered through the Real Estate Commission.
Applicants have how long to find a sponsoring broker after passing the State exam? - ANS-90
days
If a broker suspects a terminated licensee is encouraging clients to leave his/her company,
when MUST they notify the Commission by? - ANS-The Commission does not get involved.
Sam's sponsoring broker dies. Which of the following statements is true? - ANS-Sam can close
all pending business but cannot solicit or start any new business.
The revocation or suspension of a broker's license shall automatically - ANS-Suspend both
associate broker's and salesperson's license's sponsored by the broker
Because of death of the Broker, Salesperson may transfer to new Broker within: - ANS-60 days
Salespersons must take __ hours of continuing education before their license will be renewed. -
ANS-12
Prelicensing
Mixing client funds with company funds would be? - ANS-commingling
An agent who is employed by and represents only the purchaser in a transaction? -
ANS-Buyer's agent
Condominiums, leaseholds, and other interest in land with the exception of oil, gas, or minerals?
- ANS-Real Estate
The Real Estate Commission consist of eleven members appointed by the... - ANS-Governor
Real Estate Commissioners in Louisiana are: - ANS-. Appointed by the Governor
One who for a fee manages real estate, collects rents, supervises property maintenance for
another - ANS-Property Manager
A broker who is the sponsoring broker for a partnership or corporation is called a(n) -
ANS-Qualifying broker
A person acting under the provisions of the license law in a real estate transaction is a(n): -
ANS-Agent
A sponsoring broker: - ANS-May sponsor only licensed agents.
A licensee holding a brokers license but who is sponsored by another broker is a(n) -
ANS-Associate broker
A person issued a license by the Louisiana Real Estate Commission is a: - ANS-Licensee
A licensee who has a written agreement to sell real estate and act as an agent is known as the:
- ANS-Listing Agent
Mixing personal funds with funds belonging to other persons is: - ANS-Commingling
Enforcing laws concerning real estate and licensees is the job of the: - ANS-Louisiana Real
Estate Commission
Every real estate corporation or partnership MUST designate on the company license: -
ANS-The name of the qualifying broker.
, No individual real estate salesperson's license shall be issued to any person who has not
attained the age of: - ANS-18
Which of the following would NOT come under the jurisdiction of the LREC? - ANS-For Sale by
Owner.
Every applicant for a license shall submit a sworn statement attesting that he/she has
knowledge of an understands the provisions of: - ANS-Both the Fair Housing Act of 1968 and
the Louisiana Equal Housing Opportunity Act
Applicants for a salesperson license MUST: - ANS-Have a high school diploma or equivalent.
All applicants for a brokers license shall have first served actively for _____ year(s) as a real
estate salesperson. - ANS-4
Which of the following may NOT sell real estate without a license? - ANS-Unlicensed assistant
to a licensed real estate agent.
Real Estate licensing shall be required in which the following situations? - ANS-A father selling a
property for his college-aged son
All trade names, symbols, and logos used in advertising a real estate company MUST be: -
ANS-Registered with the Real Estate Commission
The professional competency of any applicant for a real estate license shall be judged solely on
the basis of: - ANS-A written exam administered through the Real Estate Commission.
Applicants have how long to find a sponsoring broker after passing the State exam? - ANS-90
days
If a broker suspects a terminated licensee is encouraging clients to leave his/her company,
when MUST they notify the Commission by? - ANS-The Commission does not get involved.
Sam's sponsoring broker dies. Which of the following statements is true? - ANS-Sam can close
all pending business but cannot solicit or start any new business.
The revocation or suspension of a broker's license shall automatically - ANS-Suspend both
associate broker's and salesperson's license's sponsored by the broker
Because of death of the Broker, Salesperson may transfer to new Broker within: - ANS-60 days
Salespersons must take __ hours of continuing education before their license will be renewed. -
ANS-12
