BOB BROOKS COMPREHENSIVE EXAM
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● A written and signed document authorizing a broker to sell the real
estate described in such document is a:
a. License
b. Franchise Agreement
c. Listing Agreement
d. Purchase Agreement
Answer: c. Listing Agreement
●● A sponsoring broker:
a. May use unlicensed agents as long as they are in a prelicensing
school.
b. May be unlicensed agents as long as they work only with buyers.
c. May sponsor only licensed agents.
d. Must sponsor only licensed brokers
Answer: c. May sponsor only licensed agents.
,●● A "Code of Ethics" for licensees was written by the:
a. Real Estate Commission
b. National Association of Realtors
c. United States Congress
d. Louisiana Legislature
Answer: b. National Association of Realtors
●● Condominiums, leaseholds, and other interest in land with the
exception of oil, gas, or minerals is called:
a. Insurance
b. Commingling
c. Property Manager
d. Real Estate
Answer: d. Real Estate
●● One who engages the professional advice and services of a licensee
as his/her agent is a:
a. Client
b. Seller
c. Customer
,d. Buyer
Answer: a. Client
●● A person issued a license by the Louisiana Real Estate Commission
is a:
a. Licensee
b. Buyer
c. Client
d. Seller
Answer: a. Licensee
●● A real estate broker who sponsors associate brokers or real estate
salespersons.
a. Client's Broker
b. Customer's Broker
c. Licensee
d. Sponsoring Broker
Answer: d. Sponsoring Broker
●● A broker who is the sponsoring broker for a partnership or
corporation is called a(n):
, a. Qualifying broker
b. Individual real estate broker
c. Realtor
d. Associate broker
Answer: a. Qualifying broker
●● A licensee holding a brokers license but who is sponsored by another
broker is a(n):
a. Realtor associate
b. Associate broker
c. Sponsoring broker
d. Salesperson
Answer: b. Associate broker
●● Mixing personal funds with funds belonging to other persons is:
a. Legal
b. Commingling
c. Assemblage
d. Steering
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● A written and signed document authorizing a broker to sell the real
estate described in such document is a:
a. License
b. Franchise Agreement
c. Listing Agreement
d. Purchase Agreement
Answer: c. Listing Agreement
●● A sponsoring broker:
a. May use unlicensed agents as long as they are in a prelicensing
school.
b. May be unlicensed agents as long as they work only with buyers.
c. May sponsor only licensed agents.
d. Must sponsor only licensed brokers
Answer: c. May sponsor only licensed agents.
,●● A "Code of Ethics" for licensees was written by the:
a. Real Estate Commission
b. National Association of Realtors
c. United States Congress
d. Louisiana Legislature
Answer: b. National Association of Realtors
●● Condominiums, leaseholds, and other interest in land with the
exception of oil, gas, or minerals is called:
a. Insurance
b. Commingling
c. Property Manager
d. Real Estate
Answer: d. Real Estate
●● One who engages the professional advice and services of a licensee
as his/her agent is a:
a. Client
b. Seller
c. Customer
,d. Buyer
Answer: a. Client
●● A person issued a license by the Louisiana Real Estate Commission
is a:
a. Licensee
b. Buyer
c. Client
d. Seller
Answer: a. Licensee
●● A real estate broker who sponsors associate brokers or real estate
salespersons.
a. Client's Broker
b. Customer's Broker
c. Licensee
d. Sponsoring Broker
Answer: d. Sponsoring Broker
●● A broker who is the sponsoring broker for a partnership or
corporation is called a(n):
, a. Qualifying broker
b. Individual real estate broker
c. Realtor
d. Associate broker
Answer: a. Qualifying broker
●● A licensee holding a brokers license but who is sponsored by another
broker is a(n):
a. Realtor associate
b. Associate broker
c. Sponsoring broker
d. Salesperson
Answer: b. Associate broker
●● Mixing personal funds with funds belonging to other persons is:
a. Legal
b. Commingling
c. Assemblage
d. Steering
