Louisiana Real Estate Exam questions
with verified answers passed
The Commission is comprised of how many members? - correct answer ✔✔11
Commission members are appointed by who? - correct answer ✔✔The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may serve
more than that. - correct answer ✔✔6
The Commission must meet ______. - correct answer ✔✔quarterly
A minimum of __ members is required for a ______ to conduct business. - correct answer ✔✔5
quorum
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - correct answer ✔✔3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - correct answer ✔✔5
Licenses issued by the LREC are classified as? - correct answer ✔✔Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - correct answer ✔✔Attorneys
, A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - correct answer ✔✔Corporate, partnership, or limited liability
company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - correct answer
✔✔10
To be eligible to apply for a broker's license, the applicant must hold an active salesperson
license for a minimum of __ years prior to application. - correct answer ✔✔4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009, shall have
to serve as a salesperson for only __ years. - correct answer ✔✔2
Before applying for a broker's license, the applicant must show evidence of completion of ___
hours of current educational instruction in real estate courses approved by the real estate
commission. At least ___ of those hours must be in courses emphasizing broker's
responsibilities. - correct answer ✔✔150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license education
hours within ___ days after the initial license date. - correct answer ✔✔45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual continuing
education requirement. - correct answer ✔✔8
12
with verified answers passed
The Commission is comprised of how many members? - correct answer ✔✔11
Commission members are appointed by who? - correct answer ✔✔The governor
Each appointment to the Commission shall be for a __ year term. No commissioner may serve
more than that. - correct answer ✔✔6
The Commission must meet ______. - correct answer ✔✔quarterly
A minimum of __ members is required for a ______ to conduct business. - correct answer ✔✔5
quorum
The Commission may meet more frequently if such meetings are deemed necessary and
requested by a minimum of __ members. - correct answer ✔✔3
The Commission has power to require brokers to maintain and retain records of all real estate
transactions in which they were involved for up to ___ years. - correct answer ✔✔5
Licenses issued by the LREC are classified as? - correct answer ✔✔Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services provided for
their clients. - correct answer ✔✔Attorneys
, A ______, ______, or __________ is a business entity, which has been issued a license by the
State to function as a broker. - correct answer ✔✔Corporate, partnership, or limited liability
company broker
Furthermore, upon dissolution of or termination by the corporation or partnership, the broker
must return the licenses of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or termination. - correct answer
✔✔10
To be eligible to apply for a broker's license, the applicant must hold an active salesperson
license for a minimum of __ years prior to application. - correct answer ✔✔4
Before applying for a broker's license, anyone accruing time prior to January 1, 2009, shall have
to serve as a salesperson for only __ years. - correct answer ✔✔2
Before applying for a broker's license, the applicant must show evidence of completion of ___
hours of current educational instruction in real estate courses approved by the real estate
commission. At least ___ of those hours must be in courses emphasizing broker's
responsibilities. - correct answer ✔✔150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license education
hours within ___ days after the initial license date. - correct answer ✔✔45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual continuing
education requirement. - correct answer ✔✔8
12
