Real Estate State Portion Practice Exam
(Louisiana) Questions And Answers Latest
Updated 2025 |100% Verified.
One month - Answer✔A Farm Lease that has expired is presumed to been continued for
another year if the tenant holds over without opposition for:
one month - Answer✔A Lessor must return a deposit to the lessee or provide an itemized
statement of the reason for retention of all or part of the deposit within:
Redhibition - Answer✔The avoidance of a sale on account of some vice or defect in the thing
sold is called:
Vendor - Answer✔The seller is called the
FHA, VA, Loans covered by Louisiana Consumer Credit Law, Loans for commercial or business
purpose, loans to corporations or partnerships - Answer✔Which of the following types of loans
are exempt from the Louisiana usury law
Vendors Privilege - Answer✔A right granted to a seller for the unpaid sales price is called the
community property - Answer✔A system of principles and rules governing the ownership and
management of the property of married persons or between themselves and toward third
persons is called:
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every page - Answer✔A broker must include his name, office address and license jurisdiction in
all advertising on a website. At a minimum, the information must appear on at least
qualifying broker - Answer✔The broker that is the representative of a corporation or
partnership in all matters relating to its real estate activities is the
irrevocable during that time - Answer✔An offer that specifies a time for acceptance
Must be provided to all prospective sells/buyers at first face to face contact, should be signed
and dated by client and kept by the licensee for 5 years, if the client refuses to sign it, the
licensee must write the time, date and reason for refusal, sign it, and retain the refusal for 5
years - Answer✔Which of the following is true regarding the Agency Disclosure Informational
Pamphlet?
the month and year it was printed - Answer✔All printed ads for the sale of residential real
estate must include
public thing - Answer✔In Louisiana property law, how would you define a public park?
must be approved by the sponsoring broker - Answer✔Advertising by an Associate Broker
5 - Answer✔Each member of the commission shall have been actively engaged in the real
estate business as a broker for how many years next preceding the date appointment
5 - Answer✔How many members of the commission shall constitute a quorum for all business
it is owned 100% by the licensee that earned the commission - Answer✔A commission may be
paid to an unlicensed holding company if
5 - Answer✔If the Commission requests an account affidavit the broker must submit it within
how many days following the request
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