LOUISIANA REAL ESTATE WITH
QUESTIONS AND ACCURATE
ANSWERS GRADED A+ 2026
If a course approval expires, - answer-the Commission will not accept any credits
submitted for that course after the expiration date.
Errors & omissions insurance must be carried by - answer-all active licensees who are
not converting to inactive status.
Instead of buying the E & O policy negotiated and contracted for by the Commission,
licensees are free to obtain their E & O policy independently, provided that - answer-the
coverage in the independent policy satisfies the Commission's minimum requirements.
What is a Certificate of Authority? - answer-It is the LREC's permission for a real estate
school to operate.
Passage of a course examination is - answer-required for credit in any post-license
course.
What is the maximum premium for the state E&O insurance policy? - answer-$500
Which of the following is a topic that is required by the License Law to be included in the
90-hour pre-license course? - answer-The civil law pertaining to real estate transactions
What kind of insurance is mandated by law for every active licensee? - answer-Errors &
omissions insurance
Do Certificates of Authority expire? - answer-Yes, every year on December 31 unless
renewed
,Real estate education vendors are not allowed to issue credit for any post-license
education course unless the student - answer-passes an exam on the course content.
Each licensee is notified by the LREC of the E&O policy requirements - answer-at least
30 days before the annual renewal date.
Who determines the terms and conditions of the mandated errors & omissions
insurance? - answer-The Real Estate Commission does.
A licensee who has an individual insurance policy must demonstrate compliance with
the insurance mandate by - answer-filing a certificate of coverage with the Commission
by the license renewal date.
Broker pre-license education is divided into 3 courses which include all of the following
EXCEPT for which? - answer-Economics of real estate
Once an individual has successfully completed an approved education course, when
will the education provider issue a certificate to the individual? - answer-Immediately
Under what conditions does a licensee have the right to obtain the insurance mandated
by law from an independently chosen provider instead of from the provider contracted
by the Commission? - answer-The policy must comply with the minimum standards
established by the Commission.
What must a licensee do in order to receive credit for completing a post-license course?
- answer-Pass an exam on the course's content.
The certification on a completed exam for a distance education course must be signed
by - answer-the student, attesting that the course and exam work are the student's own.
,Each year, the Commission specifies a topic for - answer-the four-hour continuing
education course mandatory for all licensees.
What is the purpose of the surety bond for real estate schools and vendors? - answer-It
is to reimburse students in case the students' contractual rights are breached.
The retaining of transaction records for inspection by the Commission is - answer-a
practice the Commission has the power to require.
What is the fee all applicants for a license must pay to the Recovery Fund ? - answer-
$10
Brokers and developers are required to deposit escrow money given to them by clients
in - answer-a non-interest bearing checking account in a legally chartered financial
institution.
Who is responsible for issuing real estate licenses in Louisiana? - answer-The Real
Estate commission
An education provider cannot be certified by the Commission if the provider - answer-is
an immediate family member of a commissioner.
Real estate education providers cannot be - answer-members of the Commission or
immediate family members of members of the Commission.
Jane Franklin is a resident of Louisiana and a registered voter. Is she eligible to be a real
estate commissioner? - answer-Yes, if she has been an active broker for at least 5 years.
In regards to rules and regulations which of the following is TRUE? - answer-The
Commission MAY make rules and regulations to enforce the law.
, If a claim is a paid from the Recovery Fund against a licensee, what will happen? -
answer-The licensee's license will be automatically revoked.
All of the following are powers of the Real Estate commissioners except - answer-
deciding in what city the Commission will be domiciled.
What are brokers required to do with clients' funds entrusted to their care? - answer-Put
them in an escrow account in a legally chartered bank
When the ownership of escrowed funds is disputed, the question will be resolved by -
answer-procedures established by the Real Estate Commission.
Which of the following statements is TRUE? - answer-The governor has the authority to
remove a commissioner for any reason.
What is the purpose of the Louisiana Real Estate Research and Education Fund? -
answer-To promote the advancement and efficient administration of the real estate
industry and thus to protect the public
Which of the following is NOT a power of the Commission? - answer-To award merits for
good conduct by licensees
The members of the Real Estate Commission are appointed by - answer-the governor.
What is the salary for a member of the Real Estate Commission? - answer-No salary
To qualify for a payment from the Fund, a person must meet all of the following
conditions, EXCEPT which? - answer-Has received compensation from the guilty party
What is the maximum length of time a commissioner may serve on the Commission? -
answer-One six-year term
QUESTIONS AND ACCURATE
ANSWERS GRADED A+ 2026
If a course approval expires, - answer-the Commission will not accept any credits
submitted for that course after the expiration date.
Errors & omissions insurance must be carried by - answer-all active licensees who are
not converting to inactive status.
Instead of buying the E & O policy negotiated and contracted for by the Commission,
licensees are free to obtain their E & O policy independently, provided that - answer-the
coverage in the independent policy satisfies the Commission's minimum requirements.
What is a Certificate of Authority? - answer-It is the LREC's permission for a real estate
school to operate.
Passage of a course examination is - answer-required for credit in any post-license
course.
What is the maximum premium for the state E&O insurance policy? - answer-$500
Which of the following is a topic that is required by the License Law to be included in the
90-hour pre-license course? - answer-The civil law pertaining to real estate transactions
What kind of insurance is mandated by law for every active licensee? - answer-Errors &
omissions insurance
Do Certificates of Authority expire? - answer-Yes, every year on December 31 unless
renewed
,Real estate education vendors are not allowed to issue credit for any post-license
education course unless the student - answer-passes an exam on the course content.
Each licensee is notified by the LREC of the E&O policy requirements - answer-at least
30 days before the annual renewal date.
Who determines the terms and conditions of the mandated errors & omissions
insurance? - answer-The Real Estate Commission does.
A licensee who has an individual insurance policy must demonstrate compliance with
the insurance mandate by - answer-filing a certificate of coverage with the Commission
by the license renewal date.
Broker pre-license education is divided into 3 courses which include all of the following
EXCEPT for which? - answer-Economics of real estate
Once an individual has successfully completed an approved education course, when
will the education provider issue a certificate to the individual? - answer-Immediately
Under what conditions does a licensee have the right to obtain the insurance mandated
by law from an independently chosen provider instead of from the provider contracted
by the Commission? - answer-The policy must comply with the minimum standards
established by the Commission.
What must a licensee do in order to receive credit for completing a post-license course?
- answer-Pass an exam on the course's content.
The certification on a completed exam for a distance education course must be signed
by - answer-the student, attesting that the course and exam work are the student's own.
,Each year, the Commission specifies a topic for - answer-the four-hour continuing
education course mandatory for all licensees.
What is the purpose of the surety bond for real estate schools and vendors? - answer-It
is to reimburse students in case the students' contractual rights are breached.
The retaining of transaction records for inspection by the Commission is - answer-a
practice the Commission has the power to require.
What is the fee all applicants for a license must pay to the Recovery Fund ? - answer-
$10
Brokers and developers are required to deposit escrow money given to them by clients
in - answer-a non-interest bearing checking account in a legally chartered financial
institution.
Who is responsible for issuing real estate licenses in Louisiana? - answer-The Real
Estate commission
An education provider cannot be certified by the Commission if the provider - answer-is
an immediate family member of a commissioner.
Real estate education providers cannot be - answer-members of the Commission or
immediate family members of members of the Commission.
Jane Franklin is a resident of Louisiana and a registered voter. Is she eligible to be a real
estate commissioner? - answer-Yes, if she has been an active broker for at least 5 years.
In regards to rules and regulations which of the following is TRUE? - answer-The
Commission MAY make rules and regulations to enforce the law.
, If a claim is a paid from the Recovery Fund against a licensee, what will happen? -
answer-The licensee's license will be automatically revoked.
All of the following are powers of the Real Estate commissioners except - answer-
deciding in what city the Commission will be domiciled.
What are brokers required to do with clients' funds entrusted to their care? - answer-Put
them in an escrow account in a legally chartered bank
When the ownership of escrowed funds is disputed, the question will be resolved by -
answer-procedures established by the Real Estate Commission.
Which of the following statements is TRUE? - answer-The governor has the authority to
remove a commissioner for any reason.
What is the purpose of the Louisiana Real Estate Research and Education Fund? -
answer-To promote the advancement and efficient administration of the real estate
industry and thus to protect the public
Which of the following is NOT a power of the Commission? - answer-To award merits for
good conduct by licensees
The members of the Real Estate Commission are appointed by - answer-the governor.
What is the salary for a member of the Real Estate Commission? - answer-No salary
To qualify for a payment from the Fund, a person must meet all of the following
conditions, EXCEPT which? - answer-Has received compensation from the guilty party
What is the maximum length of time a commissioner may serve on the Commission? -
answer-One six-year term
