Page 1
Louisiana Real Estate Course Unit 7
Questions and Correct Answers By
Expert
Broker Gary is representing a buyer client who is looking for
a house. Gary is in the process of selling his own property
and the buyer likes it and makes an offer. Can Gary sell his
house to the client?
Ans: No, a broker cannot sell his or her own property
to a buyer he or she represents.
Is dual agency legal in Louisiana?
Ans: Yes, dual agency is legal provided the licensee
has the written acknowledgement of all the parties
involved.
Broker Anna is confident that a desirable property will
increase in value and tells her client that he will make a big
Nicholas Mwololo
, Page 2
profit when he decides to resell the property. Which is
TRUE?
Ans: It is a violation of license law to make false
guarantees and Anna is in violation of license law.
Who is a salesperson allowed to represent?
Ans: Only the broker or real estate agency listed on his
or her license
Suspension of a licensee's real estate license is
Ans: temporary.
Frances Paulson quietly rewards a client, Maxine Brule, for
her business by rebating part of Paulson's commission to
Brule after closing. In doing so, Paulson has
Ans: given an illegal rebate.
Nicholas Mwololo
, Page 3
Which of the following is NOT a requirement for
advertising?
Ans: The brokerage firm's tax ID must be included in
all advertising.
Broker Ellen's clients have been extremely helpful during the
transaction and also provided Ellen with several good
referrals. Ellen wants to thank the clients and tells them she
will give them $300 from her commission fee after the
closing. Can Ellen do this?
Ans: No, Ellen may not provide gifts that are tied to
her commission.
When a licensee has an exclusive listing with a property
seller, other licensees acting as buyers' agents
Ans: must negotiate with the listing agent only.
Nicholas Mwololo
Louisiana Real Estate Course Unit 7
Questions and Correct Answers By
Expert
Broker Gary is representing a buyer client who is looking for
a house. Gary is in the process of selling his own property
and the buyer likes it and makes an offer. Can Gary sell his
house to the client?
Ans: No, a broker cannot sell his or her own property
to a buyer he or she represents.
Is dual agency legal in Louisiana?
Ans: Yes, dual agency is legal provided the licensee
has the written acknowledgement of all the parties
involved.
Broker Anna is confident that a desirable property will
increase in value and tells her client that he will make a big
Nicholas Mwololo
, Page 2
profit when he decides to resell the property. Which is
TRUE?
Ans: It is a violation of license law to make false
guarantees and Anna is in violation of license law.
Who is a salesperson allowed to represent?
Ans: Only the broker or real estate agency listed on his
or her license
Suspension of a licensee's real estate license is
Ans: temporary.
Frances Paulson quietly rewards a client, Maxine Brule, for
her business by rebating part of Paulson's commission to
Brule after closing. In doing so, Paulson has
Ans: given an illegal rebate.
Nicholas Mwololo
, Page 3
Which of the following is NOT a requirement for
advertising?
Ans: The brokerage firm's tax ID must be included in
all advertising.
Broker Ellen's clients have been extremely helpful during the
transaction and also provided Ellen with several good
referrals. Ellen wants to thank the clients and tells them she
will give them $300 from her commission fee after the
closing. Can Ellen do this?
Ans: No, Ellen may not provide gifts that are tied to
her commission.
When a licensee has an exclusive listing with a property
seller, other licensees acting as buyers' agents
Ans: must negotiate with the listing agent only.
Nicholas Mwololo
