1
Louisiana Real Estate Exam Questions
with Correct Answers for Specific
Exam Mail
The Commission is comprised of how many members?
Ans: 11
Commission members are appointed by who?
Ans: The governor
Each appointment to the Commission shall be for a __
year term. No commissioner may serve more than that.
Ans: 6
The Commission must meet ______.
Ans: quarterly
A minimum of __ members is required for a ______ to
conduct business.
Pretest - Stuvia US
,2
Ans: 5
quorum
The Commission may meet more frequently if such
meetings are deemed necessary and requested by a
minimum of __ members.
Ans: 3
The Commission has power to require brokers to maintain
and retain records of all real estate transactions in which
they were involved for up to ___ years.
Ans: 5
Licenses issued by the LREC are classified as?
Ans: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as
part of other services provided for their clients.
Pretest - Stuvia US
, 3
Ans: Attorneys
A ______, ______, or __________ is a business entity, which
has been issued a license by the State to function as a
broker.
Ans: Corporate, partnership, or limited liability company
broker
Furthermore, upon dissolution of or termination by the
corporation or partnership, the broker must return the
licenses of every associate broker and salesperson
sponsored by the corporation or partnership within ___
days of the dissolution or termination.
Ans: 10
To be eligible to apply for a broker's license, the
applicant must hold an active salesperson license for a
minimum of __ years prior to application.
Ans: 4
Pretest - Stuvia US
Louisiana Real Estate Exam Questions
with Correct Answers for Specific
Exam Mail
The Commission is comprised of how many members?
Ans: 11
Commission members are appointed by who?
Ans: The governor
Each appointment to the Commission shall be for a __
year term. No commissioner may serve more than that.
Ans: 6
The Commission must meet ______.
Ans: quarterly
A minimum of __ members is required for a ______ to
conduct business.
Pretest - Stuvia US
,2
Ans: 5
quorum
The Commission may meet more frequently if such
meetings are deemed necessary and requested by a
minimum of __ members.
Ans: 3
The Commission has power to require brokers to maintain
and retain records of all real estate transactions in which
they were involved for up to ___ years.
Ans: 5
Licenses issued by the LREC are classified as?
Ans: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as
part of other services provided for their clients.
Pretest - Stuvia US
, 3
Ans: Attorneys
A ______, ______, or __________ is a business entity, which
has been issued a license by the State to function as a
broker.
Ans: Corporate, partnership, or limited liability company
broker
Furthermore, upon dissolution of or termination by the
corporation or partnership, the broker must return the
licenses of every associate broker and salesperson
sponsored by the corporation or partnership within ___
days of the dissolution or termination.
Ans: 10
To be eligible to apply for a broker's license, the
applicant must hold an active salesperson license for a
minimum of __ years prior to application.
Ans: 4
Pretest - Stuvia US
