Real Estate Final Exam (Louisiana
Portion) pt.5 Exam Questions and
Answers Graded A+
The Commission has the full power and authority by law to do which of the
following? - Correct answer-Fine violators up to $5000.
-Fine violators up to $2000. (not correct)
Which of the following is true about Commission member terms? - Correct
answer-Each term is for 6 years, and a member cannot be reappointed.
Which of the following is NOT true about LREC investigations? - Correct answer-
licensees are only investigated if a written complaint is filed with HUD
How much are Commission members compensated for attending to Commission
business? - Correct answer-$75
-$50 including expenses. (not correct)
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, The Louisiana Real Estate Commission is comprised of - Correct answer-11
members appointed by the Governor
Which of the following would be required to have a real estate license? - Correct
answer-A person referring real estate business to licensees for a fee.
-An attorney during the normal course of a real estate closing. (not correct)
Any corporation or partnership operating as a broker in the state of Louisiana must
have a(an): - Correct answer-Qualifying broker.
-
A. Charter in the state of LA.B. Qualifying broker.C. $100,000 bond with the
Louisiana Real Estate Commission.D. All of the above. (not correct)
Upon death of your sponsoring broker, which of the following best describes your
rights and responsibilities as a salesperson? - Correct answer-You are provided 180
days to close pending business, no new business may be started.
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Portion) pt.5 Exam Questions and
Answers Graded A+
The Commission has the full power and authority by law to do which of the
following? - Correct answer-Fine violators up to $5000.
-Fine violators up to $2000. (not correct)
Which of the following is true about Commission member terms? - Correct
answer-Each term is for 6 years, and a member cannot be reappointed.
Which of the following is NOT true about LREC investigations? - Correct answer-
licensees are only investigated if a written complaint is filed with HUD
How much are Commission members compensated for attending to Commission
business? - Correct answer-$75
-$50 including expenses. (not correct)
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, The Louisiana Real Estate Commission is comprised of - Correct answer-11
members appointed by the Governor
Which of the following would be required to have a real estate license? - Correct
answer-A person referring real estate business to licensees for a fee.
-An attorney during the normal course of a real estate closing. (not correct)
Any corporation or partnership operating as a broker in the state of Louisiana must
have a(an): - Correct answer-Qualifying broker.
-
A. Charter in the state of LA.B. Qualifying broker.C. $100,000 bond with the
Louisiana Real Estate Commission.D. All of the above. (not correct)
Upon death of your sponsoring broker, which of the following best describes your
rights and responsibilities as a salesperson? - Correct answer-You are provided 180
days to close pending business, no new business may be started.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
