Louisiana: Practice Exam - Round 2
Test Questions With 100% Correct
Answers 2025/2026 Edition.
Multiple persons - Answer Sarah and Maddy agree to purchase a four-family flat from its
current owners, Jeff, Kyle, and Clyde. What type of obligation is this?
Joint
Multiple persons
Several
Solidary
Time is of the essence - Answer What phrase do many real estate contracts contain that
reminds the parties to avoid unnecessary delays to the transaction, and to adhere to all contract
dates?
Haste makes waste
Patience is a virtue
Seek the advice of an attorney
Time is of the essence
Written agreement - Answer Sub-agency is legal in Louisiana if there is a ______ in place.
Commission waiver
Multiple listing service
Verbal agreement
Written agreement
The required advertising information isn't on every page. - Answer Samuel is excited to
launch his new website! However, when his sponsoring broker viewed it the first time, she told
him that he's violating real estate advertising laws. What do you think Samuel did wrong?
He used his own logo rather than his team logo.
His website had a white background instead of the company's green and blue.
His website used too many typefaces instead of the company's standard typeface.
The required advertising information isn't on every page.
None - Answer Karen would like to sell her own home. What's the minimum real estate
license she must possess?
Broker
,Designated broker
Managing broker
None
Written agreements and contracts - Answer According to Louisiana license law, which of the
following transaction-related records must a sponsoring broker retain?
Employment agreements with non-licensed staff
Financial statements
Policies and procedures manual
Written agreements and contracts
The state - Answer Bertram died without a will. According to intestate succession laws, who
will inherit the property when there are no surviving heirs?
Friends of the family
Private auction
The neighboring property owner
The state
Arpent (1.18 square arpent equals one acre) - Answer Which of these land measurements is
closest to an acre?
Arpent
Passo
Toise
Vara
Natural - Answer The three types of predial servitudes are conventional, legal, and _____.
Dominant
Natural
Servient
Voluntary
Have an attorney review the contract. - Answer When a real estate transaction is financed
using a bond for deed contract, what advice should real estate agents give to their clients?
Have an attorney review the contract.
Have an institutional loan officer review the contract.
It would be wiser to use a mortgage or deed of trust.
, Make sure a promissory note is attached to the deed.
$50,000 - Answer What's the maximum the Louisiana Real Estate Recovery Fund will pay on
behalf of a single licensee, regardless of the number of judgments or transactions involved?
$10,000
$100,000
$25,000
$50,000
To identify the terms of the buyer agent/buyer agency relationship - Answer Connor is
meeting with a prospective buyer client, Judy. After he's provided Judy with the necessary
disclosures, Connor is ready to present Judy with a buyer agency agreement. What will he say is
the purpose of the contract?
To identify the terms of a sales transaction between the seller and the buyer
To identify the terms of the buyer agent/buyer agency relationship
To identify the terms of the landlord/tenant relationship
To identify the terms of the listing agent/buyer agency relationship
The buyer can have the $5,000 earnest money returned, and receive $5,000 from the seller. -
Answer If a Louisiana seller is in breach of contract under an earnest money contract in
which the buyer put down $5,000 in earnest money, which of the following is the possible
remedy for the buyer?
The buyer can have the $5,000 earnest money returned, and receive $5,000 from the seller.
The buyer can rely on the seller's agent to act in the place of the seller to complete the terms of
the contract.
The buyer can sue his agent according to the terms of the buyer-broker agreement.
The buyer could sue the seller for specific performance.
Separate - Answer Max has owned his townhome for eight years. Four years ago, he married
Lucey. Now that he's married, Max's townhome is considered what type of property?
Common
Community
Joint
Separate
He must have a 100% disabled rating from the VA. - Answer Gerald is a veteran who would
like to claim the veteran's homestead exemption in Louisiana. Which of the following criteria
must he meet?
Test Questions With 100% Correct
Answers 2025/2026 Edition.
Multiple persons - Answer Sarah and Maddy agree to purchase a four-family flat from its
current owners, Jeff, Kyle, and Clyde. What type of obligation is this?
Joint
Multiple persons
Several
Solidary
Time is of the essence - Answer What phrase do many real estate contracts contain that
reminds the parties to avoid unnecessary delays to the transaction, and to adhere to all contract
dates?
Haste makes waste
Patience is a virtue
Seek the advice of an attorney
Time is of the essence
Written agreement - Answer Sub-agency is legal in Louisiana if there is a ______ in place.
Commission waiver
Multiple listing service
Verbal agreement
Written agreement
The required advertising information isn't on every page. - Answer Samuel is excited to
launch his new website! However, when his sponsoring broker viewed it the first time, she told
him that he's violating real estate advertising laws. What do you think Samuel did wrong?
He used his own logo rather than his team logo.
His website had a white background instead of the company's green and blue.
His website used too many typefaces instead of the company's standard typeface.
The required advertising information isn't on every page.
None - Answer Karen would like to sell her own home. What's the minimum real estate
license she must possess?
Broker
,Designated broker
Managing broker
None
Written agreements and contracts - Answer According to Louisiana license law, which of the
following transaction-related records must a sponsoring broker retain?
Employment agreements with non-licensed staff
Financial statements
Policies and procedures manual
Written agreements and contracts
The state - Answer Bertram died without a will. According to intestate succession laws, who
will inherit the property when there are no surviving heirs?
Friends of the family
Private auction
The neighboring property owner
The state
Arpent (1.18 square arpent equals one acre) - Answer Which of these land measurements is
closest to an acre?
Arpent
Passo
Toise
Vara
Natural - Answer The three types of predial servitudes are conventional, legal, and _____.
Dominant
Natural
Servient
Voluntary
Have an attorney review the contract. - Answer When a real estate transaction is financed
using a bond for deed contract, what advice should real estate agents give to their clients?
Have an attorney review the contract.
Have an institutional loan officer review the contract.
It would be wiser to use a mortgage or deed of trust.
, Make sure a promissory note is attached to the deed.
$50,000 - Answer What's the maximum the Louisiana Real Estate Recovery Fund will pay on
behalf of a single licensee, regardless of the number of judgments or transactions involved?
$10,000
$100,000
$25,000
$50,000
To identify the terms of the buyer agent/buyer agency relationship - Answer Connor is
meeting with a prospective buyer client, Judy. After he's provided Judy with the necessary
disclosures, Connor is ready to present Judy with a buyer agency agreement. What will he say is
the purpose of the contract?
To identify the terms of a sales transaction between the seller and the buyer
To identify the terms of the buyer agent/buyer agency relationship
To identify the terms of the landlord/tenant relationship
To identify the terms of the listing agent/buyer agency relationship
The buyer can have the $5,000 earnest money returned, and receive $5,000 from the seller. -
Answer If a Louisiana seller is in breach of contract under an earnest money contract in
which the buyer put down $5,000 in earnest money, which of the following is the possible
remedy for the buyer?
The buyer can have the $5,000 earnest money returned, and receive $5,000 from the seller.
The buyer can rely on the seller's agent to act in the place of the seller to complete the terms of
the contract.
The buyer can sue his agent according to the terms of the buyer-broker agreement.
The buyer could sue the seller for specific performance.
Separate - Answer Max has owned his townhome for eight years. Four years ago, he married
Lucey. Now that he's married, Max's townhome is considered what type of property?
Common
Community
Joint
Separate
He must have a 100% disabled rating from the VA. - Answer Gerald is a veteran who would
like to claim the veteran's homestead exemption in Louisiana. Which of the following criteria
must he meet?
