©EVERLY 2025 ALL RIGHTS RESERVED
Louisiana Real Estate Exam Questions And
Answers Latest Updated 2025 |100%
Verified.
An applicant for a real estate license may continue to attempt to pass the licensing exam for a
period of - Answer✔1 year
In Louisiana, sub agency is - Answer✔Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until - Answer✔The license of their
sponsoring broker has been renewed
All written offers to purchase real estate should be presented - Answer✔Immediately
Corporate, limited liability company, and partnership brokers must retain copies of all real
estate transactions for a period of: - Answer✔5 years
1
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Licensees in the military are entitled to renewal of their licenses without penalty if application is
filed - Answer✔Within six months following discharge
When a broker determines that a dispute exists regarding the funds held on deposit in an
escrow account, the broker must - Answer✔Notify all parties of the dispute
To qualify for a deficiency judgment, a lender must sell the property at foreclosure for what
potion of its value? - Answer✔2/3 of the appraised value
The minimum time required for notice to vacate a residential property for non-payment of rent
is - Answer✔5 days
Highways, state parks, running water, territorial seas, and seashores are all examples of what
kind of things? - Answer✔Public
How are members of the Real Estate Commission selected? - Answer✔They are appointed by
the Governor and confirmed by the Senate
2
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Errors and Omissions insurance is considered which type of insurance? - Answer✔Malpractice
Insurance
Which of the following statements is NOT true regarding an individual real estate broker? -
Answer✔The individual broker may be licensed as a qualifying broker for one corporation only
When a licensee is appointed to represent two clients in the same transaction, for example, the
buyer and the seller, this is called: - Answer✔Dual agency
Escrow accounts should be: - Answer✔Non-interest bearing, unless all parties otherwise agree
When must a licensee report a change of address to the Commission? - Answer✔Within 10
days
In designated agency, a licensee is: - Answer✔Designated by a broker to represent a particular
client
3
Louisiana Real Estate Exam Questions And
Answers Latest Updated 2025 |100%
Verified.
An applicant for a real estate license may continue to attempt to pass the licensing exam for a
period of - Answer✔1 year
In Louisiana, sub agency is - Answer✔Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until - Answer✔The license of their
sponsoring broker has been renewed
All written offers to purchase real estate should be presented - Answer✔Immediately
Corporate, limited liability company, and partnership brokers must retain copies of all real
estate transactions for a period of: - Answer✔5 years
1
, ©EVERLY 2025 ALL RIGHTS RESERVED
Licensees in the military are entitled to renewal of their licenses without penalty if application is
filed - Answer✔Within six months following discharge
When a broker determines that a dispute exists regarding the funds held on deposit in an
escrow account, the broker must - Answer✔Notify all parties of the dispute
To qualify for a deficiency judgment, a lender must sell the property at foreclosure for what
potion of its value? - Answer✔2/3 of the appraised value
The minimum time required for notice to vacate a residential property for non-payment of rent
is - Answer✔5 days
Highways, state parks, running water, territorial seas, and seashores are all examples of what
kind of things? - Answer✔Public
How are members of the Real Estate Commission selected? - Answer✔They are appointed by
the Governor and confirmed by the Senate
2
, ©EVERLY 2025 ALL RIGHTS RESERVED
Errors and Omissions insurance is considered which type of insurance? - Answer✔Malpractice
Insurance
Which of the following statements is NOT true regarding an individual real estate broker? -
Answer✔The individual broker may be licensed as a qualifying broker for one corporation only
When a licensee is appointed to represent two clients in the same transaction, for example, the
buyer and the seller, this is called: - Answer✔Dual agency
Escrow accounts should be: - Answer✔Non-interest bearing, unless all parties otherwise agree
When must a licensee report a change of address to the Commission? - Answer✔Within 10
days
In designated agency, a licensee is: - Answer✔Designated by a broker to represent a particular
client
3
