Louisiana Real Estate Course Unit 4
How long is the delinquency renewal window that follows the license expiration date? - ANS-3
months
During a three-month period after expiration, a licensee may file a renewal form. The renewal
form must be accompanied by a statement indicating that - ANS-the licensee will be required to
sit through and successfully complete the pre-licensing examination.
When does a real estate license expire? - ANS-December 31st each year
If a licensee provides inaccurate information to the LREC the licensee may be fined - ANS-up to
$5,000.
A salesperson's license shows - ANS-the name and address of the sponsoring broker or the
licensed entity for which the licensee works.
If a licensee changes his or her home address and business address, what, if anything is he or
she required to do? - ANS-Notify the Commission of both within 10 days.
As part of an application for delinquent renewal, an applicant must - ANS-declare whether the
applicant has conducted any activity requiring a license during the delinquent period.
Rachel McBride forgets to renew her real estate license by the end of the year. She must -
ANS-suspend all real estate work until she gets the license renewed.
If a Louisiana licensee fails to renew his or her real estate license by Dec. 31, - ANS-the
licensee can do no work requiring a license until the license has been renewed.
The 45-hour post-license course for new licensees can be used to satisfy _____ of the annual
12-hour education requirement. - ANS-8 hours, excluding the 4-hour mandatory topic
An expired inactive license - ANS-may be renewed within a three-month delinquency period.
What happens in the event that a timeshare registrant's bond is cancelled? - ANS-The
timeshare registration is suspended until a new bond is filed.
Who must sign a timeshare registration applicant's application form? - ANS-The applicant and a
representative of the developer for whom the applicant will work
What are the two classifications of real estate licenses? - ANS-Active or inactive
How long is the delinquency renewal window that follows the license expiration date? - ANS-3
months
During a three-month period after expiration, a licensee may file a renewal form. The renewal
form must be accompanied by a statement indicating that - ANS-the licensee will be required to
sit through and successfully complete the pre-licensing examination.
When does a real estate license expire? - ANS-December 31st each year
If a licensee provides inaccurate information to the LREC the licensee may be fined - ANS-up to
$5,000.
A salesperson's license shows - ANS-the name and address of the sponsoring broker or the
licensed entity for which the licensee works.
If a licensee changes his or her home address and business address, what, if anything is he or
she required to do? - ANS-Notify the Commission of both within 10 days.
As part of an application for delinquent renewal, an applicant must - ANS-declare whether the
applicant has conducted any activity requiring a license during the delinquent period.
Rachel McBride forgets to renew her real estate license by the end of the year. She must -
ANS-suspend all real estate work until she gets the license renewed.
If a Louisiana licensee fails to renew his or her real estate license by Dec. 31, - ANS-the
licensee can do no work requiring a license until the license has been renewed.
The 45-hour post-license course for new licensees can be used to satisfy _____ of the annual
12-hour education requirement. - ANS-8 hours, excluding the 4-hour mandatory topic
An expired inactive license - ANS-may be renewed within a three-month delinquency period.
What happens in the event that a timeshare registrant's bond is cancelled? - ANS-The
timeshare registration is suspended until a new bond is filed.
Who must sign a timeshare registration applicant's application form? - ANS-The applicant and a
representative of the developer for whom the applicant will work
What are the two classifications of real estate licenses? - ANS-Active or inactive
