Louisiana Broker Test
Buyer's agent - ANS-An agent who is employed by and represents only the purchaser in a
transaction
5 - ANS-members of the Real Estate Commission shall constitute a Quorum for all business
Seller - ANS-The transferor in a real estate transaction
Franchise Agreement - ANS-When one party authorizes a real estate broker to use registered
trademarks or other advertising tools to create common identity among several brokers
nationally or regionally for marketing purposes
Must be a real estate broker - ANS-An appointed member of the Real Estate Commission
Real Estate - ANS-Condominiums, leaseholds, and other interest in land with exception of oil
gas or minerals
Agent - ANS-A licensee acting under the provisions of the Louisiana Real Estate Licensing Law
Six - ANS-Each member of the Real Estate Commission shall serve _____ year terms
The Fair Housing Act of 1968 and The Louisiana Equal Housing Opportunity Act - ANS-Every
applicant for a license shall submit a sworn statement attesting that he/she has knowledge of an
understands the provisions
18 - ANS-No individual real estate salesperson's license shall be issued to any person who has
not attained the age
May sponsor only licensed agents - ANS-A sponsoring broker
Governor - ANS-The Real Estate Commission consist of eleven members appointed
Listing Agreement - ANS-A written and signed document authorizing a broker to sell the real
estate described in such document
Commingling - ANS-Mixing personal funds with funds belonging to other persons
Sponsoring Broker - ANS-A real estate broker who sponsors associate brokers or real estate
salespersons
The Delinquent Fee February 16 - June 30 - ANS-$200
, Licensees remaining on inactive status one to three years shall complete ____ hours of
continuing education upon application to return to active license status. - ANS-20
Every non developer timeshare sales registrant shall file and maintain with the Louisiana Real
estate Commission a bond in the amount - ANS-$10,000
Real Estate licensing shall not be required in the following situations - ANS-A trustee selling
under a mortgage and An attorney required by a client in legal representation.
Each license, certificate or registration shall be issued for a period of ____ year(s) - ANS-1
The fee to change a licensee's status from active to inactive - ANS-$45
The renewal fee for a branch office - ANS-$45
The fee for a Broker's License is _____ . - ANS-$120
Upon merger or consolidation with another corporation, the company shall notify the
commission not later than ____ working days following the effective date of the merger or
consolidation. - ANS-5
Any person or entity desiring to engage directly in the business of selling timeshare interests
must register with the Commission. - ANS-True
When the association of a salesperson is terminated with his/her sponsoring broker, the
salesperson's license must be delivered to the commission by the broker within _____ days of
such termination. - ANS-5
Which of the following may sell real estate without the necessity of a license? - ANS-Sheriff,
Trustee, Receiver in Bankruptcy
The fee for a Salesperson License is _____ . - ANS-$45
Delinquent fee January 1 - February 15 is _____ . - ANS-$50
The following must be licensed, certified or registered with the Commission. - ANS-A real estate
broker, A real estate corporation, A timeshare developer.
The fee for a Broker's Renewal is _____ . - ANS-$70
Upon dissolution, a corporation shall return the license of the designate qualifying broker, and
the license of every sponsored licensee to the commission within ____ days of the dissolution. -
ANS-10
Buyer's agent - ANS-An agent who is employed by and represents only the purchaser in a
transaction
5 - ANS-members of the Real Estate Commission shall constitute a Quorum for all business
Seller - ANS-The transferor in a real estate transaction
Franchise Agreement - ANS-When one party authorizes a real estate broker to use registered
trademarks or other advertising tools to create common identity among several brokers
nationally or regionally for marketing purposes
Must be a real estate broker - ANS-An appointed member of the Real Estate Commission
Real Estate - ANS-Condominiums, leaseholds, and other interest in land with exception of oil
gas or minerals
Agent - ANS-A licensee acting under the provisions of the Louisiana Real Estate Licensing Law
Six - ANS-Each member of the Real Estate Commission shall serve _____ year terms
The Fair Housing Act of 1968 and The Louisiana Equal Housing Opportunity Act - ANS-Every
applicant for a license shall submit a sworn statement attesting that he/she has knowledge of an
understands the provisions
18 - ANS-No individual real estate salesperson's license shall be issued to any person who has
not attained the age
May sponsor only licensed agents - ANS-A sponsoring broker
Governor - ANS-The Real Estate Commission consist of eleven members appointed
Listing Agreement - ANS-A written and signed document authorizing a broker to sell the real
estate described in such document
Commingling - ANS-Mixing personal funds with funds belonging to other persons
Sponsoring Broker - ANS-A real estate broker who sponsors associate brokers or real estate
salespersons
The Delinquent Fee February 16 - June 30 - ANS-$200
, Licensees remaining on inactive status one to three years shall complete ____ hours of
continuing education upon application to return to active license status. - ANS-20
Every non developer timeshare sales registrant shall file and maintain with the Louisiana Real
estate Commission a bond in the amount - ANS-$10,000
Real Estate licensing shall not be required in the following situations - ANS-A trustee selling
under a mortgage and An attorney required by a client in legal representation.
Each license, certificate or registration shall be issued for a period of ____ year(s) - ANS-1
The fee to change a licensee's status from active to inactive - ANS-$45
The renewal fee for a branch office - ANS-$45
The fee for a Broker's License is _____ . - ANS-$120
Upon merger or consolidation with another corporation, the company shall notify the
commission not later than ____ working days following the effective date of the merger or
consolidation. - ANS-5
Any person or entity desiring to engage directly in the business of selling timeshare interests
must register with the Commission. - ANS-True
When the association of a salesperson is terminated with his/her sponsoring broker, the
salesperson's license must be delivered to the commission by the broker within _____ days of
such termination. - ANS-5
Which of the following may sell real estate without the necessity of a license? - ANS-Sheriff,
Trustee, Receiver in Bankruptcy
The fee for a Salesperson License is _____ . - ANS-$45
Delinquent fee January 1 - February 15 is _____ . - ANS-$50
The following must be licensed, certified or registered with the Commission. - ANS-A real estate
broker, A real estate corporation, A timeshare developer.
The fee for a Broker's Renewal is _____ . - ANS-$70
Upon dissolution, a corporation shall return the license of the designate qualifying broker, and
the license of every sponsored licensee to the commission within ____ days of the dissolution. -
ANS-10
