REAL ESTATE FINAL EXAM
(LOUISIANA PORTION) PT.5 2025/2026
QUESTIONS AND ANSWERS 100% PASS
The Commission has the full power and authority by law to do which of the following? -
ANS Fine violators up to $5000.
-Fine violators up to $2000. (not correct)
Which of the following is true about Commission member terms? - ANS Each term is for 6
years, and a member cannot be reappointed.
Which of the following is NOT true about LREC investigations? - ANS licensees are only
investigated if a written complaint is filed with HUD
How much are Commission members compensated for attending to Commission business? -
ANS $75
-$50 including expenses. (not correct)
The Louisiana Real Estate Commission is comprised of - ANS 11 members appointed by the
Governor
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Which of the following would be required to have a real estate license? - ANS 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): -
ANS 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? - ANS You are provided 180 days to close pending business,
no new business may be started.
-You may continue to operate under your current broker for a period of 180 days, including any
new contracts you may negotiate. (not correct)
Which of the following best describes the education requirements for a broker applicant? -
ANS 150 hours of education excluding the salesperson hours, in courses specified by the
LREC.
A broker with a great deal of business needs help from sales agents as soon as possible. He
makes a deal with a license applicant to go ahead and knock on doors and turn all leads over to
the broker. The broker suggests that any listings generated by this system will be turned over to
the salesperson when he gets his license. Which of the following statements is true? -
ANS This is illegal under the Louisiana License Law.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
(LOUISIANA PORTION) PT.5 2025/2026
QUESTIONS AND ANSWERS 100% PASS
The Commission has the full power and authority by law to do which of the following? -
ANS Fine violators up to $5000.
-Fine violators up to $2000. (not correct)
Which of the following is true about Commission member terms? - ANS Each term is for 6
years, and a member cannot be reappointed.
Which of the following is NOT true about LREC investigations? - ANS licensees are only
investigated if a written complaint is filed with HUD
How much are Commission members compensated for attending to Commission business? -
ANS $75
-$50 including expenses. (not correct)
The Louisiana Real Estate Commission is comprised of - ANS 11 members appointed by the
Governor
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Which of the following would be required to have a real estate license? - ANS 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): -
ANS 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? - ANS You are provided 180 days to close pending business,
no new business may be started.
-You may continue to operate under your current broker for a period of 180 days, including any
new contracts you may negotiate. (not correct)
Which of the following best describes the education requirements for a broker applicant? -
ANS 150 hours of education excluding the salesperson hours, in courses specified by the
LREC.
A broker with a great deal of business needs help from sales agents as soon as possible. He
makes a deal with a license applicant to go ahead and knock on doors and turn all leads over to
the broker. The broker suggests that any listings generated by this system will be turned over to
the salesperson when he gets his license. Which of the following statements is true? -
ANS This is illegal under the Louisiana License Law.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
