1
Louisiana Real Estate Course Unit 7
Questions with Correct Answers for
Specific Exam Mail
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 profit when he decides to resell the property. Which is
TRUE?
Pretest - Stuvia US
,2
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.
Which of the following is NOT a requirement for
advertising?
Ans: The brokerage firm's tax ID must be included in all
advertising.
Pretest - Stuvia US
, 3
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.
A license will be automatically revoked if the licensee
Ans: is convicted of a felony.
It is a violation to be both listing agent and owner of the
property listed unless
Ans: the agent informs the public of this prior to signing a
purchase agreement.
Pretest - Stuvia US
Louisiana Real Estate Course Unit 7
Questions with Correct Answers for
Specific Exam Mail
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 profit when he decides to resell the property. Which is
TRUE?
Pretest - Stuvia US
,2
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.
Which of the following is NOT a requirement for
advertising?
Ans: The brokerage firm's tax ID must be included in all
advertising.
Pretest - Stuvia US
, 3
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.
A license will be automatically revoked if the licensee
Ans: is convicted of a felony.
It is a violation to be both listing agent and owner of the
property listed unless
Ans: the agent informs the public of this prior to signing a
purchase agreement.
Pretest - Stuvia US
