LOUISIANA REAL ESTATE ACTUAL FINALS ANSWERS
AND QUESTIONS SET A+
✔✔If a structure extends into a servitude but does not cause a problem: - ✔✔it would
be allowed to remain
✔✔Fliers and advertisements must include what? - ✔✔Date
✔✔The disposition of a naked owner affects the usufruct how? - ✔✔It has no effect,
kids are naked owners and the spouse has usufruct.
✔✔A deposit not listed in a contract is what? - ✔✔specific performance
✔✔What must be on a real estate license besides the licensees name? - ✔✔Broker
firms name
✔✔The basis for setting Ad-Valorem taxes is what? - ✔✔Assessed value
✔✔An exemption from the general creditors on the forced sale of real estate is: -
✔✔$25,000
✔✔Residential properties in Louisiana is assessed at what percentage? - ✔✔10%
✔✔What is the maximum penalty that the commission can do if the licensee is guilty of
embezzlement? - ✔✔Revoke his license.
✔✔Where are title transfers recorded? - ✔✔In the parish where the land is located.
✔✔What is it called when the owners of a subdivision or other property file a plat that
results in a grant of public property, such as the streets in a development? -
✔✔Statutory development
✔✔How long is a broker required to retain records? - ✔✔5 years
, ✔✔A vendors privilege covers the__________. - ✔✔Mortgage balance
✔✔An irrevocable offer expires upon? - ✔✔The expiration date
✔✔What happens after payment from the recovery fund? - ✔✔The commission revokes
the licensees license.
✔✔Name 3 personal servitudes: - ✔✔Usufruct
Habitation
Rights of use
✔✔An offer is made Monday and the deadline to accept is Friday. During this time, the
offer is_______________. - ✔✔Irrevocable
✔✔A license issued to a corporation gives the power to transact business for others in
the same of the corporation to: - ✔✔All licensees of the corporation.
✔✔To assure good title, what would be used? - ✔✔Sale with warranty
✔✔A verbal lease is valid or invalid? - ✔✔Valid
✔✔The authorized judicial taking of private property for public use is known as what in
Louisiana? - ✔✔Expropriation
✔✔How many principal meridians and baselines are there in Louisiana? - ✔✔1 baseline
and 2 meridians
✔✔Ownership of land along a seashore extends: - ✔✔Above the beach to the point of
high tide
✔✔Ownership of land on an unnavigable waterway extends: - ✔✔to the middle of the
waterway
✔✔How many square yards is in one acre? - ✔✔160 sq yrds.
✔✔How many acres are in one square mile? - ✔✔640 acres
✔✔How many square miles are in one township? - ✔✔36 sq miles.
✔✔An acre is how many square feet? - ✔✔43,560 square feet
AND QUESTIONS SET A+
✔✔If a structure extends into a servitude but does not cause a problem: - ✔✔it would
be allowed to remain
✔✔Fliers and advertisements must include what? - ✔✔Date
✔✔The disposition of a naked owner affects the usufruct how? - ✔✔It has no effect,
kids are naked owners and the spouse has usufruct.
✔✔A deposit not listed in a contract is what? - ✔✔specific performance
✔✔What must be on a real estate license besides the licensees name? - ✔✔Broker
firms name
✔✔The basis for setting Ad-Valorem taxes is what? - ✔✔Assessed value
✔✔An exemption from the general creditors on the forced sale of real estate is: -
✔✔$25,000
✔✔Residential properties in Louisiana is assessed at what percentage? - ✔✔10%
✔✔What is the maximum penalty that the commission can do if the licensee is guilty of
embezzlement? - ✔✔Revoke his license.
✔✔Where are title transfers recorded? - ✔✔In the parish where the land is located.
✔✔What is it called when the owners of a subdivision or other property file a plat that
results in a grant of public property, such as the streets in a development? -
✔✔Statutory development
✔✔How long is a broker required to retain records? - ✔✔5 years
, ✔✔A vendors privilege covers the__________. - ✔✔Mortgage balance
✔✔An irrevocable offer expires upon? - ✔✔The expiration date
✔✔What happens after payment from the recovery fund? - ✔✔The commission revokes
the licensees license.
✔✔Name 3 personal servitudes: - ✔✔Usufruct
Habitation
Rights of use
✔✔An offer is made Monday and the deadline to accept is Friday. During this time, the
offer is_______________. - ✔✔Irrevocable
✔✔A license issued to a corporation gives the power to transact business for others in
the same of the corporation to: - ✔✔All licensees of the corporation.
✔✔To assure good title, what would be used? - ✔✔Sale with warranty
✔✔A verbal lease is valid or invalid? - ✔✔Valid
✔✔The authorized judicial taking of private property for public use is known as what in
Louisiana? - ✔✔Expropriation
✔✔How many principal meridians and baselines are there in Louisiana? - ✔✔1 baseline
and 2 meridians
✔✔Ownership of land along a seashore extends: - ✔✔Above the beach to the point of
high tide
✔✔Ownership of land on an unnavigable waterway extends: - ✔✔to the middle of the
waterway
✔✔How many square yards is in one acre? - ✔✔160 sq yrds.
✔✔How many acres are in one square mile? - ✔✔640 acres
✔✔How many square miles are in one township? - ✔✔36 sq miles.
✔✔An acre is how many square feet? - ✔✔43,560 square feet
