LOUISIANA REAL ESTATE EXAM QUESTIONS AND
ANSWERS
The Commission is comprised of how many members? - Answers- 11
Commission members are appointed by who? - Answers- The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may
serve more than that. - Answers- 6
The Commission must meet ______. - Answers- quarterly
A minimum of __ members is required for a ______ to conduct business. - Answers- 5
quorum
The Commission may meet more frequently if such meetings are deemed necessary
and requested by a minimum of __ members. - Answers- 3
The Commission has power to require brokers to maintain and retain records of all real
estate transactions in which they were involved for up to ___ years. - Answers- 5
Licenses issued by the LREC are classified as? - Answers- Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services
provided for their clients. - Answers- Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license
by the State to function as a broker. - Answers- Corporate, partnership, or limited
liability company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the
broker must return the licenses of every associate broker and salesperson sponsored
by the corporation or partnership within ___ days of the dissolution or termination. -
Answers- 10
Each person obtaining an initial salesperson's license shall complete ___ post-license
education hours within ___ days after the initial license date. - Answers- 45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual
continuing education requirement. - Answers- 8
12
Inactivity for 1 to 3 years - Answers- 20 hours of continuing ed
, Inactivity for 3 to 5 years - Answers- 40 hours of continuing ed
___ hours of continuing ed is required of all licensees.
Broken down into ___ classes. - Answers- 12
4
The transfer of active salesperson and broker licenses must be processed through the
LREC. Salespersons must request that their present sponsoring broker return their
license to the real estate commission. Their sponsoring broker is required to comply
with the request within ___ days. - Answers- 5
One of the major powers of the Commission is to censure, suspend, or revoke the
licenses of brokers, salespersons and registered timeshare interest salespersons for
cause. - Answers-
If charges are brought against a licensee following a complaint and subsequent
investigation, a written notice of the charges must be received by the licensee, at least
___ days prior to his/her scheduled hearing before the Commission. The licensee's
broker sponsoring broker must be notified of the charges and the scheduled hearing as
well. The hearing may be an ______ hearing or formal _____ hearing. - Answers- 20
days
Informal adjudicatory or formal adjudicatory
The broker's name and telephone number must appear in all advertising. - Answers-
All advertising must represent the property accurately. - Answers-
Licensed brokers or salespersons advertising property, which they own, must include
the term _______ in all printed and other materials. - Answers- owner/agent
All advertisements of residential property must have a _____ that the advertisement is
published or distributed on. - Answers- date
If the advertisement is published in a magazine or newspaper the date of the publication
is sufficient.
To be eligible to apply for a broker's license, the applicant must hold an active
salesperson license for a minimum of __ years prior to application. - Answers- 4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009,
shall have to serve as a salesperson for only __ years. - Answers- 2
Before applying for a broker's license, the applicant must show evidence of completion
of ___ hours of current educational instruction in real estate courses approved by the
ANSWERS
The Commission is comprised of how many members? - Answers- 11
Commission members are appointed by who? - Answers- The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may
serve more than that. - Answers- 6
The Commission must meet ______. - Answers- quarterly
A minimum of __ members is required for a ______ to conduct business. - Answers- 5
quorum
The Commission may meet more frequently if such meetings are deemed necessary
and requested by a minimum of __ members. - Answers- 3
The Commission has power to require brokers to maintain and retain records of all real
estate transactions in which they were involved for up to ___ years. - Answers- 5
Licenses issued by the LREC are classified as? - Answers- Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services
provided for their clients. - Answers- Attorneys
A ______, ______, or __________ is a business entity, which has been issued a license
by the State to function as a broker. - Answers- Corporate, partnership, or limited
liability company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the
broker must return the licenses of every associate broker and salesperson sponsored
by the corporation or partnership within ___ days of the dissolution or termination. -
Answers- 10
Each person obtaining an initial salesperson's license shall complete ___ post-license
education hours within ___ days after the initial license date. - Answers- 45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual
continuing education requirement. - Answers- 8
12
Inactivity for 1 to 3 years - Answers- 20 hours of continuing ed
, Inactivity for 3 to 5 years - Answers- 40 hours of continuing ed
___ hours of continuing ed is required of all licensees.
Broken down into ___ classes. - Answers- 12
4
The transfer of active salesperson and broker licenses must be processed through the
LREC. Salespersons must request that their present sponsoring broker return their
license to the real estate commission. Their sponsoring broker is required to comply
with the request within ___ days. - Answers- 5
One of the major powers of the Commission is to censure, suspend, or revoke the
licenses of brokers, salespersons and registered timeshare interest salespersons for
cause. - Answers-
If charges are brought against a licensee following a complaint and subsequent
investigation, a written notice of the charges must be received by the licensee, at least
___ days prior to his/her scheduled hearing before the Commission. The licensee's
broker sponsoring broker must be notified of the charges and the scheduled hearing as
well. The hearing may be an ______ hearing or formal _____ hearing. - Answers- 20
days
Informal adjudicatory or formal adjudicatory
The broker's name and telephone number must appear in all advertising. - Answers-
All advertising must represent the property accurately. - Answers-
Licensed brokers or salespersons advertising property, which they own, must include
the term _______ in all printed and other materials. - Answers- owner/agent
All advertisements of residential property must have a _____ that the advertisement is
published or distributed on. - Answers- date
If the advertisement is published in a magazine or newspaper the date of the publication
is sufficient.
To be eligible to apply for a broker's license, the applicant must hold an active
salesperson license for a minimum of __ years prior to application. - Answers- 4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009,
shall have to serve as a salesperson for only __ years. - Answers- 2
Before applying for a broker's license, the applicant must show evidence of completion
of ___ hours of current educational instruction in real estate courses approved by the
