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Unit 2 Quiz Louisiana Real Estate
Express Questions and Correct Answers
By Expert
Because of the duty to produce transaction documentation
if so ordered by the Commission, it is important for licensees
to
Ans: note the date and time of each stage of each
transaction
If a sponsoring broker has his or her license revoked or
suspended, how long does the broker have to return the
licenses of all the licensees that work for him or her to the
Commission?
Ans: 72 hours
Broker Paul and salesperson Jane agreed to a non-compete
agreement in a contract. When they cease working together
Nicholas Mwololo
, Page 2
Paul thinks Jane is breaking this agreement and takes his
complaint to the Commission. What will the Commission do?
Ans: the commission does not get involved in non-
compete disputes between licensees
Any written complaint about a Louisiana licensee must be
investigated by
Ans: The Real Estate Commission
If an LLC is being investigated for license law violations, who
will the Commission serve the written notice to?
Ans: The Agent registered with the commission for the
company
Who is responsible for conducting an informal hearing
against a licensee?
Nicholas Mwololo
Unit 2 Quiz Louisiana Real Estate
Express Questions and Correct Answers
By Expert
Because of the duty to produce transaction documentation
if so ordered by the Commission, it is important for licensees
to
Ans: note the date and time of each stage of each
transaction
If a sponsoring broker has his or her license revoked or
suspended, how long does the broker have to return the
licenses of all the licensees that work for him or her to the
Commission?
Ans: 72 hours
Broker Paul and salesperson Jane agreed to a non-compete
agreement in a contract. When they cease working together
Nicholas Mwololo
, Page 2
Paul thinks Jane is breaking this agreement and takes his
complaint to the Commission. What will the Commission do?
Ans: the commission does not get involved in non-
compete disputes between licensees
Any written complaint about a Louisiana licensee must be
investigated by
Ans: The Real Estate Commission
If an LLC is being investigated for license law violations, who
will the Commission serve the written notice to?
Ans: The Agent registered with the commission for the
company
Who is responsible for conducting an informal hearing
against a licensee?
Nicholas Mwololo
