Unit 2 Quiz Louisiana Real Estate Express
Because of the duty to produce transaction documentation if so ordered by the Commission, it is
important for licensees to - ANS-note the date and time of each stage of each transaction
If a sponsoring broker has his or her license revoked or suspended, how long does the broker
have to return the licenses of all the licensees that work for him or her to the Commission? -
ANS-72 hours
Broker Paul and salesperson Jane agreed to a non-compete agreement in a contract. When
they cease working together Paul thinks Jane is breaking this agreement and takes his
complaint to the Commission. What will the Commission do? - ANS-the commission does not
get involved in non-compete disputes between licensees
Any written complaint about a Louisiana licensee must be investigated by - ANS-The Real
Estate Commission
If an LLC is being investigated for license law violations, who will the Commission serve the
written notice to? - ANS-The Agent registered with the commission for the company
Who is responsible for conducting an informal hearing against a licensee? - ANS-A hearing
officer appointed by the executive director
Which complaints must the Louisiana Real Estate Commission investigate? - ANS-All written
signed and verified complaints
If a licensee is found guilty of a violation of license law, the Commission may require that the
licensee - ANS-pay the cost of the hearing proceedings
Before the Louisiana Real Estate Commission reprimands a licensee, it must give the accused
individual the opportunity to - ANS-be heard in his or her own defense
The Commission's subpoena power enables it to - ANS-take a deposition from any person in
the state of Louisiana
When Commission personnel undertake an investigation of a licensee, the licensee is required
by law to - ANS-answer all questions and provide all requested documents
The Commission received a complaint against Broker Steve. During its investigations, the
Commission discovered that Broker Juan was also involved in the violation that caused the
original complaint. What can the Commission do? - ANS-Add broker Juan to the investigation
even though no complaint was made against him.
Because of the duty to produce transaction documentation if so ordered by the Commission, it is
important for licensees to - ANS-note the date and time of each stage of each transaction
If a sponsoring broker has his or her license revoked or suspended, how long does the broker
have to return the licenses of all the licensees that work for him or her to the Commission? -
ANS-72 hours
Broker Paul and salesperson Jane agreed to a non-compete agreement in a contract. When
they cease working together Paul thinks Jane is breaking this agreement and takes his
complaint to the Commission. What will the Commission do? - ANS-the commission does not
get involved in non-compete disputes between licensees
Any written complaint about a Louisiana licensee must be investigated by - ANS-The Real
Estate Commission
If an LLC is being investigated for license law violations, who will the Commission serve the
written notice to? - ANS-The Agent registered with the commission for the company
Who is responsible for conducting an informal hearing against a licensee? - ANS-A hearing
officer appointed by the executive director
Which complaints must the Louisiana Real Estate Commission investigate? - ANS-All written
signed and verified complaints
If a licensee is found guilty of a violation of license law, the Commission may require that the
licensee - ANS-pay the cost of the hearing proceedings
Before the Louisiana Real Estate Commission reprimands a licensee, it must give the accused
individual the opportunity to - ANS-be heard in his or her own defense
The Commission's subpoena power enables it to - ANS-take a deposition from any person in
the state of Louisiana
When Commission personnel undertake an investigation of a licensee, the licensee is required
by law to - ANS-answer all questions and provide all requested documents
The Commission received a complaint against Broker Steve. During its investigations, the
Commission discovered that Broker Juan was also involved in the violation that caused the
original complaint. What can the Commission do? - ANS-Add broker Juan to the investigation
even though no complaint was made against him.
