LOUISIANA LAW EXAM SCRIPT 2026 QUESTIONS AND
SOLUTIONS GRADED A+
✔✔March 31 - ✔✔The last date to renew your license delinquently is:
Select one:
A. December 31
B. February 15
C. June 30
D. March 31
✔✔True - ✔✔It is unlawful for a real estate agent to pay a commission to an unlicensed
person: T/F?
✔✔His or her sponsoring broker - ✔✔who can a salesperson receive a commission
payment from?
✔✔They are property of the original broker - ✔✔Which of the following is true regarding
listing agreements when a salesperson transfers to a new sponsoring broker?
Select one:
a. They are the property of the original broker.
b. They are the property of the salesperson.
c. They are the property of the new sponsoring broker.
d. They must be terminated.
✔✔all of the above - ✔✔In order for a salesperson to be considered an independent
contractor, he or she must:
Select one:
a. be a licensee.
b. receive compensation from sales rather than number of hours worked.
c. have a written agreement with the broker specifying that the licensee will not be
treated as an employee.
d. All of the above.
✔✔true - ✔✔written agreements for the sale or management of real estate are required
to specify a definite expiration date: T/F?
✔✔5 years - ✔✔how long are brokers required to retain records of real estate
transactions?
✔✔True - ✔✔Louisiana licensees are required to use the Purchase Agreement Form
prescribed by the LAREC: T/F?
, ✔✔any associate broker or salesperson who was sponsored by the deceased broker,
upon written approval by the commission - ✔✔In the event of the death of the
sponsoring broker, who may complete any pending real estate activities of the firm?
Select one:
A. Another brokerage firm will be appointed by the Commission to handle the business.
B. Any associate broker or salesperson who was sponsored by the deceased broker,
upon written approval by the Commission. `
C. No one. All current contracts are considered null and void.
D. A relative of the deceased broker will be appointed.
✔✔10 days - ✔✔Any final conviction by a court of competent jurisdiction for forgery,
embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to
defraud, theft, or any other felony, or any crime involving moral turpitude shall be
reported to the commission within:
✔✔True - ✔✔Bankruptcy proceedings which shall be reported include those in which
the petitioner is named as a debtor, whether classified as voluntary or involuntary,
personal, corporate, or partnership, or which is in any way connected with the
licensee's, registrant's, or certificate holder's real estate business activities: T/F?
✔✔True - ✔✔It is unlawful for any person or his agent to file with the commission any
notice, statement, or other document, required under the provisions of this Chapter
which is false or contains any material misstatement of fact: T/F?
✔✔true - ✔✔it is illegal to place a for sale sign in the seller's yard w/out his permissions:
T/F?
✔✔bill has violated the license law - ✔✔Agent Bill lists a property for sale and the
sellers tell him they do not want a for sale sign in their yard. Bill tells them that it is
impossible to sell a property without a for sale sign and puts the sign in the front yard.
Which of the following statements is true?
Select one:
a. Bill has violated the license law.
b. Bill has acted in the best interest of his clients.
c. By signing the listing agreement, the sellers have given Bill free reign to advertise
their property so he has a right to put the sign in their yard.
d. It is illegal to list a property without placing a for sale sign in the yard.
✔✔in person - ✔✔notice of charges against a licensee for a violation of the license law
may be delivered by registered mail or:
✔✔each company for which he is the qualifying broker - ✔✔If a designated qualifying
broker who represents more than one corporation, limited liability company, or
partnership is charged with a violation of the license law, who must be notified?
SOLUTIONS GRADED A+
✔✔March 31 - ✔✔The last date to renew your license delinquently is:
Select one:
A. December 31
B. February 15
C. June 30
D. March 31
✔✔True - ✔✔It is unlawful for a real estate agent to pay a commission to an unlicensed
person: T/F?
✔✔His or her sponsoring broker - ✔✔who can a salesperson receive a commission
payment from?
✔✔They are property of the original broker - ✔✔Which of the following is true regarding
listing agreements when a salesperson transfers to a new sponsoring broker?
Select one:
a. They are the property of the original broker.
b. They are the property of the salesperson.
c. They are the property of the new sponsoring broker.
d. They must be terminated.
✔✔all of the above - ✔✔In order for a salesperson to be considered an independent
contractor, he or she must:
Select one:
a. be a licensee.
b. receive compensation from sales rather than number of hours worked.
c. have a written agreement with the broker specifying that the licensee will not be
treated as an employee.
d. All of the above.
✔✔true - ✔✔written agreements for the sale or management of real estate are required
to specify a definite expiration date: T/F?
✔✔5 years - ✔✔how long are brokers required to retain records of real estate
transactions?
✔✔True - ✔✔Louisiana licensees are required to use the Purchase Agreement Form
prescribed by the LAREC: T/F?
, ✔✔any associate broker or salesperson who was sponsored by the deceased broker,
upon written approval by the commission - ✔✔In the event of the death of the
sponsoring broker, who may complete any pending real estate activities of the firm?
Select one:
A. Another brokerage firm will be appointed by the Commission to handle the business.
B. Any associate broker or salesperson who was sponsored by the deceased broker,
upon written approval by the Commission. `
C. No one. All current contracts are considered null and void.
D. A relative of the deceased broker will be appointed.
✔✔10 days - ✔✔Any final conviction by a court of competent jurisdiction for forgery,
embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to
defraud, theft, or any other felony, or any crime involving moral turpitude shall be
reported to the commission within:
✔✔True - ✔✔Bankruptcy proceedings which shall be reported include those in which
the petitioner is named as a debtor, whether classified as voluntary or involuntary,
personal, corporate, or partnership, or which is in any way connected with the
licensee's, registrant's, or certificate holder's real estate business activities: T/F?
✔✔True - ✔✔It is unlawful for any person or his agent to file with the commission any
notice, statement, or other document, required under the provisions of this Chapter
which is false or contains any material misstatement of fact: T/F?
✔✔true - ✔✔it is illegal to place a for sale sign in the seller's yard w/out his permissions:
T/F?
✔✔bill has violated the license law - ✔✔Agent Bill lists a property for sale and the
sellers tell him they do not want a for sale sign in their yard. Bill tells them that it is
impossible to sell a property without a for sale sign and puts the sign in the front yard.
Which of the following statements is true?
Select one:
a. Bill has violated the license law.
b. Bill has acted in the best interest of his clients.
c. By signing the listing agreement, the sellers have given Bill free reign to advertise
their property so he has a right to put the sign in their yard.
d. It is illegal to list a property without placing a for sale sign in the yard.
✔✔in person - ✔✔notice of charges against a licensee for a violation of the license law
may be delivered by registered mail or:
✔✔each company for which he is the qualifying broker - ✔✔If a designated qualifying
broker who represents more than one corporation, limited liability company, or
partnership is charged with a violation of the license law, who must be notified?
