Louisiana Real Estate Exam Questions and Correct Answers | Latest Updat
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Course
Louisiana
Institution
Louisiana
An applicant for a real estate license may continue to attempt to pass the licensing exam
for a period of
-:- 1 year
In Louisiana, sub agency is
-:- Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until
-:- The license of their sponsoring ...
Louisiana Real Estate Exam Questions and
Correct Answers | Latest Update
An applicant for a real estate license may continue to attempt to pass the licensing exam
for a period of
✓ -:- 1 year
In Louisiana, sub agency is
✓ -:- Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until
✓ -:- The license of their sponsoring broker has been renewed
All written offers to purchase real estate should be presented
✓ -:- Immediately
Corporate, limited liability company, and partnership brokers must retain copies of all real
How are members of the Real Estate Commission selected?
✓ -:- They are appointed by the Governor and confirmed by the Senate
Errors and Omissions insurance is considered which type of insurance?
✓ -:- Malpractice Insurance
Which of the following statements is NOT true regarding an individual real estate broker?
✓ -:- The individual broker may be licensed as a qualifying broker for one
corporation only
When a licensee is appointed to represent two clients in the same transaction, for example,
the buyer and the seller, this is called:
✓ -:- Dual agency
Escrow accounts should be:
✓ -:- Non-interest bearing, unless all parties otherwise agree
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