Louisiana Real Estate Final Review EXAM 2026/2027
PRACTICE QUESTIONS AND A NEW UPDATED STUDY GUIDE
ACCURATE EXAM APPROVED QUESTIONS AND CORRECT
VERIFIED ANSWERS WITH DETAILED RATIONALES (A NEW
UPDATED VERSION 2026 EDITION) |ALREADY GRADED A+
(BRAND NEW!)
After a Real Estate License has been sent to the Commission for
transfer, the licensee MAY:
Select one:
a. Continue selling for former broker for 30 more days.
b. Immediately begin selling for new sponsoring broker.
c. Wait 30 days then begin selling again.
d. Wait for the new license to be issued under the new sponsoring
broker.
d
When a salesperson changes his/her address or phone number
he/she should:
Select one:
a. Notify the broker within five days.
b. Notify the Commission within 20 days.
c. Notify the Commission within 10 days.
d. He/she is not required to tell anyone.
c
,A delinquent licensee who has NOT renewed by March 31st
MUST: Select one:
a. Take all educational hours again.
b. Take the state license exam again.
c. Pay a $500 delinquent fee.
d. Pay a $100 delinquent fee.
b
When must the Commission be notified of the closing of an
Escrow or Rental Trust account?
Select one:
a. Within 5 days
b. 10 days after closing the escrow.
c. Commission does not have to be notified.
d. Within 15 days.
b
Delinquent fee January 1 - February 15 is _____ .
Select one:
a. $50
b. $35
c. $100
d. $45
a
,The Delinquent Fee February 16 - March 31st
is: Select one:
a. $25
b. $45
c. $100
d. $200
d
When the association of a salesperson is terminated with his/her
sponsoring broker, the salesperson's license must be delivered to
the commission by the broker within days of such
termination.
Select one:
a. 5
b. 10
c. 3
d. 15
a
, A licensee SHALL be investigated by the
Commission: Select one:
a. Upon a verbal complaint called in to the Commission.
b. Upon a written complaint sent to the Board of Realtors.
c. Upon a written and signed complaint sent to the Commission.
d. Once every two years.
c
A broker sells several different tracts of land to six different
buyers. A total of $60,000 is lost. How much can be collected
from the Recovery Fund?
Select one:
a. $20,000
b. $30,000
c. $40,000
d. $50,000
d
The Commission has the power to require that brokers keep records
of all transactions and receipts for all escrow deposits for:
Select one:
a. One year
b. Two years
c. Five years
d. Ten years
c
PRACTICE QUESTIONS AND A NEW UPDATED STUDY GUIDE
ACCURATE EXAM APPROVED QUESTIONS AND CORRECT
VERIFIED ANSWERS WITH DETAILED RATIONALES (A NEW
UPDATED VERSION 2026 EDITION) |ALREADY GRADED A+
(BRAND NEW!)
After a Real Estate License has been sent to the Commission for
transfer, the licensee MAY:
Select one:
a. Continue selling for former broker for 30 more days.
b. Immediately begin selling for new sponsoring broker.
c. Wait 30 days then begin selling again.
d. Wait for the new license to be issued under the new sponsoring
broker.
d
When a salesperson changes his/her address or phone number
he/she should:
Select one:
a. Notify the broker within five days.
b. Notify the Commission within 20 days.
c. Notify the Commission within 10 days.
d. He/she is not required to tell anyone.
c
,A delinquent licensee who has NOT renewed by March 31st
MUST: Select one:
a. Take all educational hours again.
b. Take the state license exam again.
c. Pay a $500 delinquent fee.
d. Pay a $100 delinquent fee.
b
When must the Commission be notified of the closing of an
Escrow or Rental Trust account?
Select one:
a. Within 5 days
b. 10 days after closing the escrow.
c. Commission does not have to be notified.
d. Within 15 days.
b
Delinquent fee January 1 - February 15 is _____ .
Select one:
a. $50
b. $35
c. $100
d. $45
a
,The Delinquent Fee February 16 - March 31st
is: Select one:
a. $25
b. $45
c. $100
d. $200
d
When the association of a salesperson is terminated with his/her
sponsoring broker, the salesperson's license must be delivered to
the commission by the broker within days of such
termination.
Select one:
a. 5
b. 10
c. 3
d. 15
a
, A licensee SHALL be investigated by the
Commission: Select one:
a. Upon a verbal complaint called in to the Commission.
b. Upon a written complaint sent to the Board of Realtors.
c. Upon a written and signed complaint sent to the Commission.
d. Once every two years.
c
A broker sells several different tracts of land to six different
buyers. A total of $60,000 is lost. How much can be collected
from the Recovery Fund?
Select one:
a. $20,000
b. $30,000
c. $40,000
d. $50,000
d
The Commission has the power to require that brokers keep records
of all transactions and receipts for all escrow deposits for:
Select one:
a. One year
b. Two years
c. Five years
d. Ten years
c
