Louisiana Real Estate Course
Unit 7
1. Broker Gary is representing a buyer client who No, a broker cannot sell
his or her
is looking for a house. Gary is in the process of own property to a buyer
he or she
selling his own property and the buyer represents.
likes it and makes an offer. Can Gary sell
his house to the client?
2. Is dual agency legal in Louisiana? Yes, dual agency is legal provided
the licensee has the written
acknowl- edgement of all the
parties involved.
3. Broker Anna is confident that a desirable prop- It is a violation of license
law to make
erty will increase in value and tells her false guarantees and Anna is in viola-
client that he will make a big profit tion of license law.
when he decides to resell the property.
Which is TRUE?
4. Who is a salesperson allowed to represent? Only the broker or real estate
agency
listed on his or her license
5. Suspension of a licensee's real estate license is temporary.
6. Frances Paulson quietly rewards a client, given an illegal rebate.
Max- ine Brule, for her business by
rebating part of Paulson's commission to
Brule after closing. In doing so, Paulson
has
7. Which of the following is NOT a requirement for The brokerage firm's tax
ID must be
1/
15
, Louisiana Real Estate Course
Unit 7
advertising? included in all advertising.
8. Broker Ellen's clients have been extremely help- No, Ellen may not provide
gifts that
ful during the transaction and also are tied to her commission.
provided Ellen with several good referrals.
Ellen wants to thank the clients and tells
them she will give
2/
15
Unit 7
1. Broker Gary is representing a buyer client who No, a broker cannot sell
his or her
is looking for a house. Gary is in the process of own property to a buyer
he or she
selling his own property and the buyer represents.
likes it and makes an offer. Can Gary sell
his house to the client?
2. Is dual agency legal in Louisiana? Yes, dual agency is legal provided
the licensee has the written
acknowl- edgement of all the
parties involved.
3. Broker Anna is confident that a desirable prop- It is a violation of license
law to make
erty will increase in value and tells her false guarantees and Anna is in viola-
client that he will make a big profit tion of license law.
when he decides to resell the property.
Which is TRUE?
4. Who is a salesperson allowed to represent? Only the broker or real estate
agency
listed on his or her license
5. Suspension of a licensee's real estate license is temporary.
6. Frances Paulson quietly rewards a client, given an illegal rebate.
Max- ine Brule, for her business by
rebating part of Paulson's commission to
Brule after closing. In doing so, Paulson
has
7. Which of the following is NOT a requirement for The brokerage firm's tax
ID must be
1/
15
, Louisiana Real Estate Course
Unit 7
advertising? included in all advertising.
8. Broker Ellen's clients have been extremely help- No, Ellen may not provide
gifts that
ful during the transaction and also are tied to her commission.
provided Ellen with several good referrals.
Ellen wants to thank the clients and tells
them she will give
2/
15
