Louisiana Real Estate Exam
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An applicant for a real estate license may continue to attempt to pass the licensing
exam for a period of - ANSWER ✅✅✅✅1 year
In Louisiana, sub agency is - ANSWER ✅✅✅✅Allowed only by a contractual
agreement
No associate broker or salesperson license may be renewed until - ANSWER
✅✅✅✅The license of their sponsoring broker has been renewed
All written offers to purchase real estate should be presented - ANSWER
✅✅✅✅Immediately
Corporate, limited liability company, and partnership brokers must retain copies of all
real estate transactions for a period of: - ANSWER ✅✅✅✅5 years
Licensees in the military are entitled to renewal of their licenses without penalty if
application is filed - ANSWER ✅✅✅✅Within six months following discharge
When a broker determines that a dispute exists regarding the funds held on deposit in
an escrow account, the broker must - ANSWER ✅✅✅✅Notify all parties of the dispute
To qualify for a deficiency judgment, a lender must sell the property at foreclosure for
what potion of its value? - ANSWER ✅✅✅✅2/3 of the appraised value
The minimum time required for notice to vacate a residential property for non-payment
of rent is - ANSWER ✅✅✅✅5 days