LOUISIANA REAL ESTATE EXAM 2025/2026 COMPLETE STUDY
QUESTIONS WITH CORRECT ANSWERS GUARANTEED PASS |
RATED A+
When would a licensed real estate agent selling his/her own property NOT have to disclose that
they are a licensed real estate agent? - Answer>>> When the agent lists the property under a
contract with a licensed real estate broker
Licensees receiving written offers in cooperative transactions must annotate the offer to indicate:
- Answer>>> The time and date the offer was received
How are members of the Real Estate Commission selected? - Answer>>> They are appointed by
the Governor and confirmed by the Senate
If a licensee is indicted for something that involves a real estate transaction that the licensee was
involved in, the licensee must report it to the Commission: - Answer>>> within 10 days
An offer that specifies a time for acceptance, and an agreement not to withdraw the offer prior to
that time is called - Answer>>> Irrevocable
Can an attorney perform the duties of a real estate agent or broker without being licensed as a
real estate salesperson or broker? - Answer>>> Yes, if it is required in the normal course of other
legal representation
Who does the designating in designated agency? - Answer>>> The broker
When an escrow dispute exists, when may the broker disburse the funds upon a reasonable
interpretation of the contract? - Answer>>> 10 days after notifying all parties and licensees
Does a licensee owe any duty to a customer? - Answer>>> Yes, to be fair and honest
In order for a person or entity to engage directly in the business of selling timeshare interests,
they must register with: - Answer>>> The Louisiana Real Estate Commission
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
Upon determination that a dispute exists regarding an escrow account, the broker must do all of
the following EXCEPT: - Answer>>> Keep the funds in his personal account until the dispute
has been settled
How many hours of continuing education is required for renewal of a real estate license? -
Answer>>> 12 hours
May a licensee show the same home to several buyers without violating his agency duties to each
buyer? - Answer>>> Yes
The word things is used in Louisiana to refer to: - Answer>>> Property
In Louisiana we often use which of the following terms to refer to real estate? - Answer>>>
Immovables
Brokers are limited to what amount of personal funds in an escrow account? - Answer>>>
$2,500
Does Louisiana require written leases? - Answer>>> No
Which of the following is a ministerial act? - Answer>>> Referral to another broker
Licensees must provide copies of any documents signed by their principal in a real estate
transaction: - Answer>>> Immediately
QUESTIONS WITH CORRECT ANSWERS GUARANTEED PASS |
RATED A+
When would a licensed real estate agent selling his/her own property NOT have to disclose that
they are a licensed real estate agent? - Answer>>> When the agent lists the property under a
contract with a licensed real estate broker
Licensees receiving written offers in cooperative transactions must annotate the offer to indicate:
- Answer>>> The time and date the offer was received
How are members of the Real Estate Commission selected? - Answer>>> They are appointed by
the Governor and confirmed by the Senate
If a licensee is indicted for something that involves a real estate transaction that the licensee was
involved in, the licensee must report it to the Commission: - Answer>>> within 10 days
An offer that specifies a time for acceptance, and an agreement not to withdraw the offer prior to
that time is called - Answer>>> Irrevocable
Can an attorney perform the duties of a real estate agent or broker without being licensed as a
real estate salesperson or broker? - Answer>>> Yes, if it is required in the normal course of other
legal representation
Who does the designating in designated agency? - Answer>>> The broker
When an escrow dispute exists, when may the broker disburse the funds upon a reasonable
interpretation of the contract? - Answer>>> 10 days after notifying all parties and licensees
Does a licensee owe any duty to a customer? - Answer>>> Yes, to be fair and honest
In order for a person or entity to engage directly in the business of selling timeshare interests,
they must register with: - Answer>>> The Louisiana Real Estate Commission
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
Upon determination that a dispute exists regarding an escrow account, the broker must do all of
the following EXCEPT: - Answer>>> Keep the funds in his personal account until the dispute
has been settled
How many hours of continuing education is required for renewal of a real estate license? -
Answer>>> 12 hours
May a licensee show the same home to several buyers without violating his agency duties to each
buyer? - Answer>>> Yes
The word things is used in Louisiana to refer to: - Answer>>> Property
In Louisiana we often use which of the following terms to refer to real estate? - Answer>>>
Immovables
Brokers are limited to what amount of personal funds in an escrow account? - Answer>>>
$2,500
Does Louisiana require written leases? - Answer>>> No
Which of the following is a ministerial act? - Answer>>> Referral to another broker
Licensees must provide copies of any documents signed by their principal in a real estate
transaction: - Answer>>> Immediately
