LA 90-Hour Course Exam Prep: Louisiana
Real Estate Commission, License Law,
and Agency Flashcard Set
Louisiana Real Estate Commission (LREC) - ANS-Regulates real estate licensing and
education and protects the public through regulation, examination, and licensing
LREC membership - ANS-11 members who have been actively licensed as brokers for at least
five years and are Louisiana citizens and qualified state electors; appointed by the governor and
serve one six-year term
Duties and Powers of the LREC - ANS-Issue, suspend, or revoke licenses; investigate
consumer complaints; and hold disciplinary hearings and issue penalties
Louisiana Real Estate Recovery Fund - ANS-Provides reimbursement to people who suffer
monetary damages as a result of any license law violations
Louisiana Real Estate Research and Education Fund - ANS-Supports and promotes the real
estate profession, institutes real estate chairpersons, and develops real estate-related research
projects
Common license law violations - ANS-Acting without a license, demonstrating
untrustworthiness, dishonesty, falsifying paperwork, and disclosure violations
Adjudicatory hearing - ANS-A hearing the LREC may hold to determine if the evidence
discovered in an investigation against a licensee is true or false
Number of members needed for a quorum - ANS-Six
Nineteenth Judicial District Court - ANS-Court of appeals for any commission decision following
an adjudicatory hearing
Louisiana license types - ANS-Salesperson and broker
Louisiana licensee designations - ANS-Salesperson, associate broker, and broker
License applicant requirements - ANS-18 years of age or older, have a high school diploma or
equivalent, be a U.S. citizen or a legal alien/permanent resident, submit to a background check,
Real Estate Commission, License Law,
and Agency Flashcard Set
Louisiana Real Estate Commission (LREC) - ANS-Regulates real estate licensing and
education and protects the public through regulation, examination, and licensing
LREC membership - ANS-11 members who have been actively licensed as brokers for at least
five years and are Louisiana citizens and qualified state electors; appointed by the governor and
serve one six-year term
Duties and Powers of the LREC - ANS-Issue, suspend, or revoke licenses; investigate
consumer complaints; and hold disciplinary hearings and issue penalties
Louisiana Real Estate Recovery Fund - ANS-Provides reimbursement to people who suffer
monetary damages as a result of any license law violations
Louisiana Real Estate Research and Education Fund - ANS-Supports and promotes the real
estate profession, institutes real estate chairpersons, and develops real estate-related research
projects
Common license law violations - ANS-Acting without a license, demonstrating
untrustworthiness, dishonesty, falsifying paperwork, and disclosure violations
Adjudicatory hearing - ANS-A hearing the LREC may hold to determine if the evidence
discovered in an investigation against a licensee is true or false
Number of members needed for a quorum - ANS-Six
Nineteenth Judicial District Court - ANS-Court of appeals for any commission decision following
an adjudicatory hearing
Louisiana license types - ANS-Salesperson and broker
Louisiana licensee designations - ANS-Salesperson, associate broker, and broker
License applicant requirements - ANS-18 years of age or older, have a high school diploma or
equivalent, be a U.S. citizen or a legal alien/permanent resident, submit to a background check,
