Page 1
Louisiana Real Estate Exam 2022 -
State/National Questions and Correct
Answers By Expert
Mortgagor
Ans: borrower
Mortgagee
Ans: lender
Grantor
Ans: gives, sells, or transfers the property to the
grantee
Grantee
Ans: receives the property
Truth in lending (regulation Z)
Nicholas Mwololo
, Page 2
Ans: intended to do away with deceptive financing
tactice
What are the 6 fiduciary duties of a real eestate agent?
Ans: OLDCAR
-obedience
-loyalty
-disclosure
-confidentiality
-accountibility
-reasonable care
What are the kinds of real estate ownership?
Ans: -tenancy in severalty
-tenancy in common
-joint tenancy
-tenancy by the entirety
Nicholas Mwololo
, Page 3
Which type of Louisiana Mortgage is created by complying
with the law to recod a mortgage?
Ans: a legal mortgage
What prevents the owners from making a defense claim
during expropriation when their lands were appropriated
either without their protest or with their express consent?
Ans: the st. julien doctrine
The St. Julien Doctrine
Ans: prevents owners from making a defense claim
during expropriation when their lands were
appropriated either without their protest or with their
express consent. public utilities often depend of this
doctrine.
Who must supervise a branch office location?
Nicholas Mwololo
, Page 4
Ans: a broker
One who engages the professional advice & services of a
licensee as his agent
Ans: a client
Timothy and pam are considering purchasing terrence's
condo. They are just waiting to look over the paperwork that
louisiana requires each seller to provide to prospective
buyers. Which items are included in the paperwork Terrance
is required to provide?
Ans: declaration, association documentation, by laws,
condo certificate
side note* plats and plans are not required
Nicholas Mwololo
Louisiana Real Estate Exam 2022 -
State/National Questions and Correct
Answers By Expert
Mortgagor
Ans: borrower
Mortgagee
Ans: lender
Grantor
Ans: gives, sells, or transfers the property to the
grantee
Grantee
Ans: receives the property
Truth in lending (regulation Z)
Nicholas Mwololo
, Page 2
Ans: intended to do away with deceptive financing
tactice
What are the 6 fiduciary duties of a real eestate agent?
Ans: OLDCAR
-obedience
-loyalty
-disclosure
-confidentiality
-accountibility
-reasonable care
What are the kinds of real estate ownership?
Ans: -tenancy in severalty
-tenancy in common
-joint tenancy
-tenancy by the entirety
Nicholas Mwololo
, Page 3
Which type of Louisiana Mortgage is created by complying
with the law to recod a mortgage?
Ans: a legal mortgage
What prevents the owners from making a defense claim
during expropriation when their lands were appropriated
either without their protest or with their express consent?
Ans: the st. julien doctrine
The St. Julien Doctrine
Ans: prevents owners from making a defense claim
during expropriation when their lands were
appropriated either without their protest or with their
express consent. public utilities often depend of this
doctrine.
Who must supervise a branch office location?
Nicholas Mwololo
, Page 4
Ans: a broker
One who engages the professional advice & services of a
licensee as his agent
Ans: a client
Timothy and pam are considering purchasing terrence's
condo. They are just waiting to look over the paperwork that
louisiana requires each seller to provide to prospective
buyers. Which items are included in the paperwork Terrance
is required to provide?
Ans: declaration, association documentation, by laws,
condo certificate
side note* plats and plans are not required
Nicholas Mwololo
