Louisiana License Law - Test 1
Real Estate Commissioners in Louisiana are: - ANS-Appointed by the Governor
The primary purpose of the LA Real Estate Commission is to: - ANS-Protect the Public
Enacting real estate laws in Louisiana is the job of the: - ANS-Louisiana State Legislature
Enforcing laws concerning real estate and licenses is the job of: - ANS-Louisiana Real Estate
Commission
A "Code of Ethics" for licensees was written by: - ANS-The National Association of Realtors
A licensee holding a brokers license but who is sponsored by another broker is a(an): -
ANS-Associate Broker
A broker who is the sponsoring broker for a partnership or corporation is call a(an): -
ANS-Qualifying Broker
A person procuring prospects for the sale of real estate for a fee: - ANS-Must be licensed
A person who engages the services of a broker and whose interests are protected by the
loyalties imposed by the relationship is a(an): - ANS-Client
A person acting under the provisions of the license law in a real estate transaction is a(an): -
ANS-Agent
A licensee who has a written agreement to sell real estate and act as an agent is known as the:
- ANS-Listing Agent
An agent who is employed by and represents only the purchaser in a transaction is: -
ANS-Buyer's Agent
The written agreement signed by all the owners of real estate authorizing a broker to offer or
advertise real estate for sale is called: - ANS-Listing Agreement
May sponsor only licensed agents: - ANS-A sponsoring broker
Mixing client funds with company funds would be: - ANS-Commingling
Real Estate Commissioners in Louisiana are: - ANS-Appointed by the Governor
The primary purpose of the LA Real Estate Commission is to: - ANS-Protect the Public
Enacting real estate laws in Louisiana is the job of the: - ANS-Louisiana State Legislature
Enforcing laws concerning real estate and licenses is the job of: - ANS-Louisiana Real Estate
Commission
A "Code of Ethics" for licensees was written by: - ANS-The National Association of Realtors
A licensee holding a brokers license but who is sponsored by another broker is a(an): -
ANS-Associate Broker
A broker who is the sponsoring broker for a partnership or corporation is call a(an): -
ANS-Qualifying Broker
A person procuring prospects for the sale of real estate for a fee: - ANS-Must be licensed
A person who engages the services of a broker and whose interests are protected by the
loyalties imposed by the relationship is a(an): - ANS-Client
A person acting under the provisions of the license law in a real estate transaction is a(an): -
ANS-Agent
A licensee who has a written agreement to sell real estate and act as an agent is known as the:
- ANS-Listing Agent
An agent who is employed by and represents only the purchaser in a transaction is: -
ANS-Buyer's Agent
The written agreement signed by all the owners of real estate authorizing a broker to offer or
advertise real estate for sale is called: - ANS-Listing Agreement
May sponsor only licensed agents: - ANS-A sponsoring broker
Mixing client funds with company funds would be: - ANS-Commingling
