LOUISIANA REAL ESTATE STATE PORTION LICENSE EXAM
2025/2026 STUDY QUESTIONS WITH CORRECT ANSWERS
GUARANTEED PASS | RATED A+
What is a requirement for out of state broker cooperation? - Answer>>> One copy of the
cooperating agreement must be filed with the commission
A bond for deed may be canceled for default by filling a notice in the legal record after -
Answer>>> 45 days of default
A copy of documents that a client SHOULD HAVE but did NOT necessarily sign must be given
- Answer>>> Within 5 (five) days
If a client refuses to sign an agency disclosure form then the licensee must - Answer>>> Time,
Date, and put the reason for refusal
Privilege - Answer>>> A right which the nature of a debt gives to a creditor and which entitles
him to be preferred over other creditors, possibly even over those who have mortgages.
How long must brokers keep real estate transactions records? - Answer>>> 5 (five) years
When can the Commission inspect a Broker's records? - Answer>>> Between 9AM and 4PM,
Saturdays, Sundays, and legal holidays excluded.
The commission may, on its own motion investigate licensee or personas acting in such capacity
- Answer>>> True
The Commission shall upon verified complaint in writing investigate licensees. - Answer>>>
True
The Commission may subpoena a Broker's records - Answer>>> True
Before a hearing the Commission must notify a licensee at least how many days in advance? -
Answer>>> 20 (twenty) days in advance
The Commission may subpoena unlicensed people? - Answer>>> True
A licensee's license is automatically revoked when money is paid out of the recovery because of
the actions of the licensee? - Answer>>> True
, A license found guilty at a hearing may have his or her license revoked? - Answer>>> True
A hearing is held and Broker A has his license revoked. Broker A appeals his revocation in
court. During the trial Broker A lists a property for sale. Is this Legal? - Answer>>> It is legal if
Broker A requested and OBTAINED a stay of enforcement
An appeal of a court's decision to a higher court requires what? - Answer>>> The licensee to put
up a suspensive appeal bond.
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a violation of
license law? - Answer>>> True
Guaranteeing future profits can-- - Answer>>> Get a licensee's license suspended or revoked.
Any final conviction for a felony against a licensee must be reported to the LA Real Estate
Commission? - Answer>>> True
A licensee indicted for violating the Fair Housing Act - Answer>>> Will automatically undergo
investigation.
The Real Estate COMMISSION can fine up to $5000? - Answer>>> True
An unlicensed person attempts to list several properties for sale in her subdivision. Nobody
agreed to list his or her properties for sale. What does this mean? - Answer>>> This is a
violation of the license law.
Property managers who work on a commission basis are required to have a license? -
Answer>>> True
A person licensed as a broker but not a apart of a partnership or limited liability company is
known as a _ - Answer>>> Individual Broker
A broker designated by a corporation to be the representative before the commission is known as
- Answer>>> The Qualifying Broker
A Broker that work for another broker is called - Answer>>> An associate broker
A licensee that is not called an associate broker that is sponsored by a broker is called a -
Answer>>> Salesperson
2025/2026 STUDY QUESTIONS WITH CORRECT ANSWERS
GUARANTEED PASS | RATED A+
What is a requirement for out of state broker cooperation? - Answer>>> One copy of the
cooperating agreement must be filed with the commission
A bond for deed may be canceled for default by filling a notice in the legal record after -
Answer>>> 45 days of default
A copy of documents that a client SHOULD HAVE but did NOT necessarily sign must be given
- Answer>>> Within 5 (five) days
If a client refuses to sign an agency disclosure form then the licensee must - Answer>>> Time,
Date, and put the reason for refusal
Privilege - Answer>>> A right which the nature of a debt gives to a creditor and which entitles
him to be preferred over other creditors, possibly even over those who have mortgages.
How long must brokers keep real estate transactions records? - Answer>>> 5 (five) years
When can the Commission inspect a Broker's records? - Answer>>> Between 9AM and 4PM,
Saturdays, Sundays, and legal holidays excluded.
The commission may, on its own motion investigate licensee or personas acting in such capacity
- Answer>>> True
The Commission shall upon verified complaint in writing investigate licensees. - Answer>>>
True
The Commission may subpoena a Broker's records - Answer>>> True
Before a hearing the Commission must notify a licensee at least how many days in advance? -
Answer>>> 20 (twenty) days in advance
The Commission may subpoena unlicensed people? - Answer>>> True
A licensee's license is automatically revoked when money is paid out of the recovery because of
the actions of the licensee? - Answer>>> True
, A license found guilty at a hearing may have his or her license revoked? - Answer>>> True
A hearing is held and Broker A has his license revoked. Broker A appeals his revocation in
court. During the trial Broker A lists a property for sale. Is this Legal? - Answer>>> It is legal if
Broker A requested and OBTAINED a stay of enforcement
An appeal of a court's decision to a higher court requires what? - Answer>>> The licensee to put
up a suspensive appeal bond.
The Court can fine an individual up to $2000 or imprison them for up to 5 years for a violation of
license law? - Answer>>> True
Guaranteeing future profits can-- - Answer>>> Get a licensee's license suspended or revoked.
Any final conviction for a felony against a licensee must be reported to the LA Real Estate
Commission? - Answer>>> True
A licensee indicted for violating the Fair Housing Act - Answer>>> Will automatically undergo
investigation.
The Real Estate COMMISSION can fine up to $5000? - Answer>>> True
An unlicensed person attempts to list several properties for sale in her subdivision. Nobody
agreed to list his or her properties for sale. What does this mean? - Answer>>> This is a
violation of the license law.
Property managers who work on a commission basis are required to have a license? -
Answer>>> True
A person licensed as a broker but not a apart of a partnership or limited liability company is
known as a _ - Answer>>> Individual Broker
A broker designated by a corporation to be the representative before the commission is known as
- Answer>>> The Qualifying Broker
A Broker that work for another broker is called - Answer>>> An associate broker
A licensee that is not called an associate broker that is sponsored by a broker is called a -
Answer>>> Salesperson
