Louisiana Real Estate - State Portion License Exam
2025 UPDATE Verified Questions And Answers |
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Primary Purpose of Louisiana License Law is to - (ANSWER)Protect the public
The LA Real Estate Commission consists of - (ANSWER)11 (eleven) members
To confirm commission appointments, the Governor must submit names to -
(ANSWER)The Senate
Real Estate Commission members serve - (ANSWER)6 (six) year terms
Members of The LA Real Estate Commission must be - (ANSWER)Qualified
electors of the State of LA
Citizens of the State of LA
In business as a Broker for at least 5 years
How many members of the commission constitute a Quorum? - (ANSWER)5 (five)
How many times is the commission REQUIRED to meet? - (ANSWER)Quarterly
How many Commissiion meetings per month? - (ANSWER)2 (two)
,Application by _ members is required for additional meetings - (ANSWER)3
(three)
How much are Commission members paid for attending commission meetings? -
(ANSWER)$50 plus actual expenses
Where is the commission located? - (ANSWER)Baton Rouge
The Commission has the power and authority to-- - (ANSWER)Regulate the
issuance of licenses, registrations and certificates
Promulgate the rules and bylaws for the enforcement of the license law
Appoint an executive director
Etc.
What is right of the commission to allow licensees in other states to receive a
license in on state if that state allows our licensees the same privilege? -
(ANSWER)Reciprocity
What is a requirement for out of state broker cooperation? - (ANSWER)One copy
of the cooperating agreement must be filed with the commission
, How long must brokers keep real estate transactions records? - (ANSWER)5 (five)
years
When can the Commission inspect a Broker's records? - (ANSWER)Between 9AM
and 4PM, Saturdays, Sundays, and legal holidays excluded.
The commission may, on its own motion investigate licensee or personas acting in
such capacity - (ANSWER)True
The Commission shall upon verified complaint in writing investigate licensees. -
(ANSWER)True
The Commission may subpoena a Broker's records - (ANSWER)True
Before a hearing the Commission must notify a licensee at least how many days in
advance? - (ANSWER)20 (twenty) days in advance
The Commission may subpoena unlicensed people? - (ANSWER)True
A licensee's license is automatically revoked when money is paid out of the
recovery because of the actions of the licensee? - (ANSWER)True
A license found guilty at a hearing may have his or her license revoked? -
(ANSWER)True
2025 UPDATE Verified Questions And Answers |
Guaranteed Success!!
Primary Purpose of Louisiana License Law is to - (ANSWER)Protect the public
The LA Real Estate Commission consists of - (ANSWER)11 (eleven) members
To confirm commission appointments, the Governor must submit names to -
(ANSWER)The Senate
Real Estate Commission members serve - (ANSWER)6 (six) year terms
Members of The LA Real Estate Commission must be - (ANSWER)Qualified
electors of the State of LA
Citizens of the State of LA
In business as a Broker for at least 5 years
How many members of the commission constitute a Quorum? - (ANSWER)5 (five)
How many times is the commission REQUIRED to meet? - (ANSWER)Quarterly
How many Commissiion meetings per month? - (ANSWER)2 (two)
,Application by _ members is required for additional meetings - (ANSWER)3
(three)
How much are Commission members paid for attending commission meetings? -
(ANSWER)$50 plus actual expenses
Where is the commission located? - (ANSWER)Baton Rouge
The Commission has the power and authority to-- - (ANSWER)Regulate the
issuance of licenses, registrations and certificates
Promulgate the rules and bylaws for the enforcement of the license law
Appoint an executive director
Etc.
What is right of the commission to allow licensees in other states to receive a
license in on state if that state allows our licensees the same privilege? -
(ANSWER)Reciprocity
What is a requirement for out of state broker cooperation? - (ANSWER)One copy
of the cooperating agreement must be filed with the commission
, How long must brokers keep real estate transactions records? - (ANSWER)5 (five)
years
When can the Commission inspect a Broker's records? - (ANSWER)Between 9AM
and 4PM, Saturdays, Sundays, and legal holidays excluded.
The commission may, on its own motion investigate licensee or personas acting in
such capacity - (ANSWER)True
The Commission shall upon verified complaint in writing investigate licensees. -
(ANSWER)True
The Commission may subpoena a Broker's records - (ANSWER)True
Before a hearing the Commission must notify a licensee at least how many days in
advance? - (ANSWER)20 (twenty) days in advance
The Commission may subpoena unlicensed people? - (ANSWER)True
A licensee's license is automatically revoked when money is paid out of the
recovery because of the actions of the licensee? - (ANSWER)True
A license found guilty at a hearing may have his or her license revoked? -
(ANSWER)True
