ANSWERS|LATEST !!!!2026|GRADED A+| (EXAM
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)
1
,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
2
, 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
A hearing is held and Broker A has his license revoked. Broker A appeals his revocation in
court. During the trial Broker A lists a property for sale. Is this Legal? - ANSWER It is
legal if Broker A requested and OBTAINED a stay of enforcement
An appeal of a court's decision to a higher court requires what? - ANSWER The
licensee to put up a suspensive appeal bond.
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a
violation of license law? - ANSWER True
Guaranteeing future profits can-- - ANSWER Get a licensee's license suspended or
revoked.
3
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)
1
,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
2
, 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
A hearing is held and Broker A has his license revoked. Broker A appeals his revocation in
court. During the trial Broker A lists a property for sale. Is this Legal? - ANSWER It is
legal if Broker A requested and OBTAINED a stay of enforcement
An appeal of a court's decision to a higher court requires what? - ANSWER The
licensee to put up a suspensive appeal bond.
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a
violation of license law? - ANSWER True
Guaranteeing future profits can-- - ANSWER Get a licensee's license suspended or
revoked.
3
