Louisiana Real Estate Practice Test (2025) EXAM
QUESTIONS AND ALL CORRECT ANSWERS 100%
SOLVED AND GUARANTEED SUCCESS!!
Cliff and Bobby Hewitt applied for An FHA loan. The mortgage will be: -
(ANSWER)Insured
Hines owns a 50 unit apartment building and advertises a rental apartment on an
online message board. Brutus, an elderly and physically disabled man, contacts
Hines and asks to see the apartment. Brutus tours the apartment and asks to rent
it. Due to his disability, Brutus asks Hines if he can install a wheelchair ramp so he
can get into the front door and that Brutus will pay to have it installed. Which of
the following is true? - (ANSWER)Brutus may be entitled to have the ramp built.
In a buyer/agency relationship, the broker owes the seller: - (ANSWER)Fair and
honest dealing
A property management agreement is between: - (ANSWER)The property
manager and property owner
Betty is looking to buy a commercial property. Veronica, the listing agent, shows
Betty a 50,000 square foot strip mall. Betty asks Veronica if there are any
competing strip malls in the area. Veronica tells Betty there are none for 20 miles
even though Veronica knows that there is a large strip mall a few miles away.
Betty decides not to buy the property. Has Veronica violated an obligation to
Betty? - (ANSWER)Yes, she made a positive misrepresentation
,Which of the following is the least likely to be used to support a protest the tax
assessment given to a property in order to get the taxes due lowered? -
(ANSWER)Size of home
Which type of ownership combines characteristics of 2 different ownership
structures? - (ANSWER)Condop
The definition of market value includes: - (ANSWER)No party to transaction is
under duress
An organization that includes several people jointly participating in an investment
into real estate is a(n): - (ANSWER)Syndicate
Real estate licensee Trudee uses a comparative market analysis to figure out a
sales price. What evaluation approach is Trudee using? - (ANSWER)Direct sales
comparison
Which of the following constitutes informed consent related to a dual agency?
A. Telling the principal that the property has been listed
B. Advising the parties what dual agency means
C. Providing an increased fiduciary duty
D. Consenting to the acceptance of a listing contract - (ANSWER)Advising the
parties what dual agency means
, Which of the following is not a financially sound reason to invest in real estate?
A. As protection against inflation
B. To invest in a low risk, long term situation
C. To depreciate a commercial property
D. To obtain liquidity - (ANSWER)To obtain liquidity
Harry leases a store to open a coffee shop. He signs a 10 year lease. After 2 years
of hemorrhaging cash, he decides to partition the coffee shop to create a second
smaller space, which Carol rents from Harry to sell cupcakes. What is the term
that describes the arrangement between Harry and Carol? - (ANSWER)sublease
Which is true about unimproved real property?
A. It can be depreciated
B. It is easier to get financing for than an improved property
C. Only one structure can be built on it
D. It is a riskier investment than developed land - (ANSWER)It is a riskier
investment than developed land
Which of the following cannot be limited via a restriction in a property deed?
A. Prohibition of a certain religious sect
QUESTIONS AND ALL CORRECT ANSWERS 100%
SOLVED AND GUARANTEED SUCCESS!!
Cliff and Bobby Hewitt applied for An FHA loan. The mortgage will be: -
(ANSWER)Insured
Hines owns a 50 unit apartment building and advertises a rental apartment on an
online message board. Brutus, an elderly and physically disabled man, contacts
Hines and asks to see the apartment. Brutus tours the apartment and asks to rent
it. Due to his disability, Brutus asks Hines if he can install a wheelchair ramp so he
can get into the front door and that Brutus will pay to have it installed. Which of
the following is true? - (ANSWER)Brutus may be entitled to have the ramp built.
In a buyer/agency relationship, the broker owes the seller: - (ANSWER)Fair and
honest dealing
A property management agreement is between: - (ANSWER)The property
manager and property owner
Betty is looking to buy a commercial property. Veronica, the listing agent, shows
Betty a 50,000 square foot strip mall. Betty asks Veronica if there are any
competing strip malls in the area. Veronica tells Betty there are none for 20 miles
even though Veronica knows that there is a large strip mall a few miles away.
Betty decides not to buy the property. Has Veronica violated an obligation to
Betty? - (ANSWER)Yes, she made a positive misrepresentation
,Which of the following is the least likely to be used to support a protest the tax
assessment given to a property in order to get the taxes due lowered? -
(ANSWER)Size of home
Which type of ownership combines characteristics of 2 different ownership
structures? - (ANSWER)Condop
The definition of market value includes: - (ANSWER)No party to transaction is
under duress
An organization that includes several people jointly participating in an investment
into real estate is a(n): - (ANSWER)Syndicate
Real estate licensee Trudee uses a comparative market analysis to figure out a
sales price. What evaluation approach is Trudee using? - (ANSWER)Direct sales
comparison
Which of the following constitutes informed consent related to a dual agency?
A. Telling the principal that the property has been listed
B. Advising the parties what dual agency means
C. Providing an increased fiduciary duty
D. Consenting to the acceptance of a listing contract - (ANSWER)Advising the
parties what dual agency means
, Which of the following is not a financially sound reason to invest in real estate?
A. As protection against inflation
B. To invest in a low risk, long term situation
C. To depreciate a commercial property
D. To obtain liquidity - (ANSWER)To obtain liquidity
Harry leases a store to open a coffee shop. He signs a 10 year lease. After 2 years
of hemorrhaging cash, he decides to partition the coffee shop to create a second
smaller space, which Carol rents from Harry to sell cupcakes. What is the term
that describes the arrangement between Harry and Carol? - (ANSWER)sublease
Which is true about unimproved real property?
A. It can be depreciated
B. It is easier to get financing for than an improved property
C. Only one structure can be built on it
D. It is a riskier investment than developed land - (ANSWER)It is a riskier
investment than developed land
Which of the following cannot be limited via a restriction in a property deed?
A. Prohibition of a certain religious sect
