LOUISIANA REAL ESTATE TEST ALL PAPERS
ANSWERS AND QUESTIONS SET A+
✔✔The Real Estate COMMISSION can fine up to $5000? - ✔✔True
✔✔An unlicensed person attempts to list several properties for sale in her subdivision.
Nobody agreed to list his or her properties for sale. What does this mean? - ✔✔This is a
violation of the license law.
✔✔Property managers who work on a commission basis are required to have a
license? - ✔✔True
✔✔A person licensed as a broker but not a apart of a partnership or limited liability
company is known as a _ - ✔✔Individual Broker
✔✔A broker designated by a corporation to be the representative before the
commission is known as - ✔✔The Qualifying Broker
✔✔A Broker that work for another broker is called - ✔✔An associate broker
✔✔A licensee that is not called an associate broker that is sponsored by a broker is
called a - ✔✔Salesperson
✔✔People who sell timeshares are called - ✔✔Timeshare Registrants
✔✔Does having a criminal record make you ineligible for a license? - ✔✔No, but
depending on your individual criminal record it can be grounds for refusal of a license.
✔✔Broker applicants must have been a SALESPERSON for - ✔✔4 (four) years
✔✔A Broker must have how many hours of pre-license education? - ✔✔150 hours
✔✔30 hours of a Brokers 150 hours must be in Broker Responsibilities? - ✔✔True
, ✔✔Salesperson applicant must have 90 hours of classroom hours - ✔✔True
✔✔Any license not renewed by Jan. 1 of each year is considered - ✔✔Expired
✔✔A broker must have written authority from a home owner to advertise? - ✔✔True
✔✔All printed advertisements for the sale of RESIDENTIAL Real Estate shall indicate
the month and year the advertisement is printed, published, or distributed? - ✔✔True
✔✔Independently owned and operated must appear in all advertising for franchises? -
✔✔True
✔✔Before using a trade name or trademark you must be registered with - ✔✔The
Louisiana Secretary Of State
✔✔Any licensee who wants to transfer to another broker must - ✔✔Notify his present
broker in writing
✔✔All offers that are rejected must be signed as rejected by the owner, or annotated as
rejected by the agent at some point? - ✔✔True
✔✔If a sponsoring brokers license is revoked, all salespeople working for the broker will
automatically have their license suspended? - ✔✔True
✔✔A licensed broker who accepts deposits on behalf of clients must put the deposits in
a deposit escrow account? - ✔✔True
✔✔When is the Agency Disclosure Pamphlet is given to prospective sellers, and or
buyers - ✔✔At the time of substantive contact
✔✔A licensee must retain an agency disclosure pamphlet for a period of - ✔✔5 (five)
years
✔✔The latest a dual agency disclosure form may be given to all clients is - ✔✔Before a
Purchase agreement is entered into
✔✔If a broker is involved in a dispute over escrow money they have HOW MANY DAYS
to resolve the dispute or hand the money over to the court with jurisdiction? - ✔✔90
days
✔✔If a broker holding escrow money declares bankruptcy they must - ✔✔Continue to
maintain the escrow accounts
ANSWERS AND QUESTIONS SET A+
✔✔The Real Estate COMMISSION can fine up to $5000? - ✔✔True
✔✔An unlicensed person attempts to list several properties for sale in her subdivision.
Nobody agreed to list his or her properties for sale. What does this mean? - ✔✔This is a
violation of the license law.
✔✔Property managers who work on a commission basis are required to have a
license? - ✔✔True
✔✔A person licensed as a broker but not a apart of a partnership or limited liability
company is known as a _ - ✔✔Individual Broker
✔✔A broker designated by a corporation to be the representative before the
commission is known as - ✔✔The Qualifying Broker
✔✔A Broker that work for another broker is called - ✔✔An associate broker
✔✔A licensee that is not called an associate broker that is sponsored by a broker is
called a - ✔✔Salesperson
✔✔People who sell timeshares are called - ✔✔Timeshare Registrants
✔✔Does having a criminal record make you ineligible for a license? - ✔✔No, but
depending on your individual criminal record it can be grounds for refusal of a license.
✔✔Broker applicants must have been a SALESPERSON for - ✔✔4 (four) years
✔✔A Broker must have how many hours of pre-license education? - ✔✔150 hours
✔✔30 hours of a Brokers 150 hours must be in Broker Responsibilities? - ✔✔True
, ✔✔Salesperson applicant must have 90 hours of classroom hours - ✔✔True
✔✔Any license not renewed by Jan. 1 of each year is considered - ✔✔Expired
✔✔A broker must have written authority from a home owner to advertise? - ✔✔True
✔✔All printed advertisements for the sale of RESIDENTIAL Real Estate shall indicate
the month and year the advertisement is printed, published, or distributed? - ✔✔True
✔✔Independently owned and operated must appear in all advertising for franchises? -
✔✔True
✔✔Before using a trade name or trademark you must be registered with - ✔✔The
Louisiana Secretary Of State
✔✔Any licensee who wants to transfer to another broker must - ✔✔Notify his present
broker in writing
✔✔All offers that are rejected must be signed as rejected by the owner, or annotated as
rejected by the agent at some point? - ✔✔True
✔✔If a sponsoring brokers license is revoked, all salespeople working for the broker will
automatically have their license suspended? - ✔✔True
✔✔A licensed broker who accepts deposits on behalf of clients must put the deposits in
a deposit escrow account? - ✔✔True
✔✔When is the Agency Disclosure Pamphlet is given to prospective sellers, and or
buyers - ✔✔At the time of substantive contact
✔✔A licensee must retain an agency disclosure pamphlet for a period of - ✔✔5 (five)
years
✔✔The latest a dual agency disclosure form may be given to all clients is - ✔✔Before a
Purchase agreement is entered into
✔✔If a broker is involved in a dispute over escrow money they have HOW MANY DAYS
to resolve the dispute or hand the money over to the court with jurisdiction? - ✔✔90
days
✔✔If a broker holding escrow money declares bankruptcy they must - ✔✔Continue to
maintain the escrow accounts
