Donaldson LREC Licensing Requirements
To be eligible for a license in Louisiana a person - ANS-must sign a sworn statement that he/she
understands the Louisiana Open Housing Law
Which of the following is true?
Select one:
A.Providers of information and ideas to people to sell their own home must have a real estate
license
B.Mortgage personnel must have a real estate license
C.Attorneys are always exempt from having a license
D.None of the above are true - ANS-None of the above are true
A license issued May 20, 2000 expires on - ANS-Dec. 31, 2000
Delinquent license renewal fees are: - ANS-Jan. 1st - Feb. 15th: $50
Feb. 16th - March 31st: $200
Applications for delinquent renewal are accepted only for _______ month(s). - ANS-3
A person licensed as a broker and not part of a partnership or limited liability company is known
as a(an) - ANS-Individual Broker
A broker applicant must have how many hours excluding their salesperson hours? - ANS-150
Which of the following are not exempt from having a license?
Select one:
A.Managers of agricultural property
B.People who work for property managers on commission
C.Attorneys in the normal course of legal representation
D.Anyone appointed by a Court to sell property - ANS-People who work for property managers
on commission
To change your license status from active to inactive
Select one:
A.you must have a current license in good standing
B.apply to the Commission
C.pay the $45 transfer fee
D.All of the above - ANS-All of the above
If a sponsoring broker fails to renew, every salesperson working for that broker will have their
license automatically - ANS-suspended
To be eligible for a license in Louisiana a person - ANS-must sign a sworn statement that he/she
understands the Louisiana Open Housing Law
Which of the following is true?
Select one:
A.Providers of information and ideas to people to sell their own home must have a real estate
license
B.Mortgage personnel must have a real estate license
C.Attorneys are always exempt from having a license
D.None of the above are true - ANS-None of the above are true
A license issued May 20, 2000 expires on - ANS-Dec. 31, 2000
Delinquent license renewal fees are: - ANS-Jan. 1st - Feb. 15th: $50
Feb. 16th - March 31st: $200
Applications for delinquent renewal are accepted only for _______ month(s). - ANS-3
A person licensed as a broker and not part of a partnership or limited liability company is known
as a(an) - ANS-Individual Broker
A broker applicant must have how many hours excluding their salesperson hours? - ANS-150
Which of the following are not exempt from having a license?
Select one:
A.Managers of agricultural property
B.People who work for property managers on commission
C.Attorneys in the normal course of legal representation
D.Anyone appointed by a Court to sell property - ANS-People who work for property managers
on commission
To change your license status from active to inactive
Select one:
A.you must have a current license in good standing
B.apply to the Commission
C.pay the $45 transfer fee
D.All of the above - ANS-All of the above
If a sponsoring broker fails to renew, every salesperson working for that broker will have their
license automatically - ANS-suspended
