Section 21: Louisiana Licensing
Requirements
Salesperson - ANS-Holds an entry-level license and works under a licensed broker's
supervision
Associate broker - ANS-Holds a broker's license but chooses to affiliate with and be sponsored
by another licensed broker
Broker - ANS-Holds a broker's license and works either independently, as a sponsoring broker,
or as a designated qualifying broker
90 days - ANS-Before you begin your real estate career, you must submit an Affidavit of
Sponsorship Form (Part B) as proof that you have broker sponsorship. If you don't submit this,
your license will remain inactive. How long do you have to submit the affidavit and verify you
have a sponsoring broker after you pass your licensing exam?
Give advice to a friend who is negotiating the purchase of a house. - ANS-Jimbo doesn't yet
have a real estate license. Which activity is he legally allowed to perform without one?
- Give advice to a friend who is negotiating the purchase of a house.
- List a friend or family member's home for sale for a fee.
- Negotiate the sale of a house for two friends and receive a tip as thanks.
- Receive payment for managing real estate.
Pay all required licensing fees. - ANS-Bob holds a real estate license in Alabama and is looking
to obtain a reciprocal license in Louisiana. Which of the following is one of the requirements he
must meet?
- Pass the licensing exam with a score of 85% or better.
- Pay all required licensing fees.
- Provide approval from his Alabama broker.
- Submit a completed consent to service of process form.
Both Colorado and Louisiana's laws - ANS-Janice is a Colorado real estate broker who holds a
reciprocal license in Louisiana. Which state's license laws must she obey?
- Both Colorado and Louisiana's laws
- Both Colorado and Louisiana's laws, but primarily Colorado laws
- Only Colorado's as that's where her standard license was issued
- Only Louisiana's as that's where her reciprocal license will be issued
Requirements
Salesperson - ANS-Holds an entry-level license and works under a licensed broker's
supervision
Associate broker - ANS-Holds a broker's license but chooses to affiliate with and be sponsored
by another licensed broker
Broker - ANS-Holds a broker's license and works either independently, as a sponsoring broker,
or as a designated qualifying broker
90 days - ANS-Before you begin your real estate career, you must submit an Affidavit of
Sponsorship Form (Part B) as proof that you have broker sponsorship. If you don't submit this,
your license will remain inactive. How long do you have to submit the affidavit and verify you
have a sponsoring broker after you pass your licensing exam?
Give advice to a friend who is negotiating the purchase of a house. - ANS-Jimbo doesn't yet
have a real estate license. Which activity is he legally allowed to perform without one?
- Give advice to a friend who is negotiating the purchase of a house.
- List a friend or family member's home for sale for a fee.
- Negotiate the sale of a house for two friends and receive a tip as thanks.
- Receive payment for managing real estate.
Pay all required licensing fees. - ANS-Bob holds a real estate license in Alabama and is looking
to obtain a reciprocal license in Louisiana. Which of the following is one of the requirements he
must meet?
- Pass the licensing exam with a score of 85% or better.
- Pay all required licensing fees.
- Provide approval from his Alabama broker.
- Submit a completed consent to service of process form.
Both Colorado and Louisiana's laws - ANS-Janice is a Colorado real estate broker who holds a
reciprocal license in Louisiana. Which state's license laws must she obey?
- Both Colorado and Louisiana's laws
- Both Colorado and Louisiana's laws, but primarily Colorado laws
- Only Colorado's as that's where her standard license was issued
- Only Louisiana's as that's where her reciprocal license will be issued
