Louisiana Real Estate Exam Questions with
Detailed Verified Answers
The Commission is comprised of how many members? Ans: 11
Commission members are appointed by who? Ans: The governor
Each appointment to the Commission shall be for a __ year term. No commissioner
may serve more than that. Ans: 6
The Commission must meet ______. Ans: quarterly
A minimum of __ members is required for a ______ to conduct business. Ans: 5
quorum
The Commission may meet more frequently if such meetings are deemed necessary
and requested by a minimum of __ members. Ans: 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. Ans: 5
Licenses issued by the LREC are classified as? Ans: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services
provided for their clients. Ans: Attorneys
A ______, ______, or __________ is a business entity, which has been issued a
license by the State to function as a broker. Ans: 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. Ans: 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. Ans: 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. Ans: 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. Ans: 150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license
education hours within ___ days after the initial license date. Ans: 45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual
continuing education requirement. Ans: 8
12
Inactivity for 1 to 3 years Ans: 20 hours of continuing ed
Inactivity for 3 to 5 years Ans: 40 hours of continuing ed
© Get it right 2025 Getaway - Stuvia US All rights reserved
Detailed Verified Answers
The Commission is comprised of how many members? Ans: 11
Commission members are appointed by who? Ans: The governor
Each appointment to the Commission shall be for a __ year term. No commissioner
may serve more than that. Ans: 6
The Commission must meet ______. Ans: quarterly
A minimum of __ members is required for a ______ to conduct business. Ans: 5
quorum
The Commission may meet more frequently if such meetings are deemed necessary
and requested by a minimum of __ members. Ans: 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. Ans: 5
Licenses issued by the LREC are classified as? Ans: Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part of other services
provided for their clients. Ans: Attorneys
A ______, ______, or __________ is a business entity, which has been issued a
license by the State to function as a broker. Ans: 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. Ans: 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. Ans: 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. Ans: 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. Ans: 150
30
Each person obtaining an initial salesperson's license shall complete ___ post-license
education hours within ___ days after the initial license date. Ans: 45
180
Post-license education hours may be used to satisfy __ hours of the __ hour annual
continuing education requirement. Ans: 8
12
Inactivity for 1 to 3 years Ans: 20 hours of continuing ed
Inactivity for 3 to 5 years Ans: 40 hours of continuing ed
© Get it right 2025 Getaway - Stuvia US All rights reserved
