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Louisiana Real Estate Questions with
Correct Answers for Specific Exam
Mail
A salesperson must disclose what information when listing
as advertisment in a newspaper?
Ans: Licensed Agent
A fee can be paid for referral of a customer only to to a:
Ans: Licensed Real Estate Agent
How much can the commission pay out of the recovery
fund to one person for a judgement?
Ans: $20,000
If a broker's license is suspended, all salespersons licenses
are sent back to the commission within:
Ans: 72 Hours
Earnest money is deposited into a:
Pretest - Stuvia US
,2
Ans: Non-interest bearing escrow account
Eminent domain in Louisiana is known as:
Ans: Expropriation
A person has how many years to make claim under
redhibition?
Ans: 1 Year
A relationship between the lessee and the lessor is
controlled by the Civil Code if is a __________lease.
Ans: Oral
If a licensee has not renewed his license by February
15th, he must pay a fee of $_________________--
Ans: $200
Ownership of land along a seashore is:
Ans: Above the beach to the point of high tide.
Pretest - Stuvia US
, 3
The commission has the power to:
Ans: Subpoena licensees for investigative hearings.
A property manager needs a real estate license if:
Ans: he manages property for more than one owner.
The commission requires all of the following for escrow
accounts:
1
2
3
Ans: Address of bank
Account number
Name on account
Usury ceiling for a conventional loan is _______%.
Ans: 12%
Pretest - Stuvia US
Louisiana Real Estate Questions with
Correct Answers for Specific Exam
A salesperson must disclose what information when listing
as advertisment in a newspaper?
Ans: Licensed Agent
A fee can be paid for referral of a customer only to to a:
Ans: Licensed Real Estate Agent
How much can the commission pay out of the recovery
fund to one person for a judgement?
Ans: $20,000
If a broker's license is suspended, all salespersons licenses
are sent back to the commission within:
Ans: 72 Hours
Earnest money is deposited into a:
Pretest - Stuvia US
,2
Ans: Non-interest bearing escrow account
Eminent domain in Louisiana is known as:
Ans: Expropriation
A person has how many years to make claim under
redhibition?
Ans: 1 Year
A relationship between the lessee and the lessor is
controlled by the Civil Code if is a __________lease.
Ans: Oral
If a licensee has not renewed his license by February
15th, he must pay a fee of $_________________--
Ans: $200
Ownership of land along a seashore is:
Ans: Above the beach to the point of high tide.
Pretest - Stuvia US
, 3
The commission has the power to:
Ans: Subpoena licensees for investigative hearings.
A property manager needs a real estate license if:
Ans: he manages property for more than one owner.
The commission requires all of the following for escrow
accounts:
1
2
3
Ans: Address of bank
Account number
Name on account
Usury ceiling for a conventional loan is _______%.
Ans: 12%
Pretest - Stuvia US
