Louisiana Real Estate Exam Save
Terms in this set (99)
The $20,000 limit applies to claims including $50.000
one transaction, while a $______ limit applies if
two or more transactions are included. The
limit is the total that the commission will pay
out for a licensee. The number of claimants
in each transaction does not affect the
payment limits from the recovery fund.
The agency law requires the use of a ________ designated
agent on behalf of the Seller and the Buyer.
The broker is no longer the agent in a
transaction, the licensee working with that
buyer or seller is the agent!
All advertisements of residential property date
must have a _____ that the advertisement is
published or distributed on. If the advertisement is published in a magazine or newspaper
the date of the publication is sufficient.
,All advertising must represent the property
accurately.
All rights and actions that apply to incorporeal immovables
immovables;
The right of ownership.
Predial servitudes such a natural, legal, or
conventional servitudes.
Personal servitudes established on the
immovable, usufruct, habitation, and rights
of use.
Also include in the classification are mineral
servitudes, royalties, and mineral leases.
Materials separated from a building for
purposes of repair, with the intention of
putting them back, remain immovables.
Rights, obligations, and actions that apply
to a movable thing are incorporeal
movables.
Stocks, bonds, and annuities.
All sales escrow accounts shall include the Sales Escrow Account
wording "_____________", in their title in addition
to the name of the broker as licensed by
the commission to do business.
, Are owned by individuals, other private Private things
entities such as corporations, limited liability
companies, limited liability partnerships, or Some private things may be subject to public use, such as
by the state or the government. river banks or sidewalks. If there is a levee then the levee is
considered to be the bank of the river, if not, the bank is the
land lying between the natural high and low points of the
water.
Are those things owned by the state or the Public things
local government. Ex-Running water,
navigable waters, the seashore, streets, and
parks. Available to the public for use, such
as fishing, boating, driving, etc. May be
subject to police powers of municipality.
Bad faith? 30 years
Before applying for a broker's license, 2
anyone accruing time prior to January 1,
2009, shall have to serve as a salesperson
for only __ years.
Terms in this set (99)
The $20,000 limit applies to claims including $50.000
one transaction, while a $______ limit applies if
two or more transactions are included. The
limit is the total that the commission will pay
out for a licensee. The number of claimants
in each transaction does not affect the
payment limits from the recovery fund.
The agency law requires the use of a ________ designated
agent on behalf of the Seller and the Buyer.
The broker is no longer the agent in a
transaction, the licensee working with that
buyer or seller is the agent!
All advertisements of residential property date
must have a _____ that the advertisement is
published or distributed on. If the advertisement is published in a magazine or newspaper
the date of the publication is sufficient.
,All advertising must represent the property
accurately.
All rights and actions that apply to incorporeal immovables
immovables;
The right of ownership.
Predial servitudes such a natural, legal, or
conventional servitudes.
Personal servitudes established on the
immovable, usufruct, habitation, and rights
of use.
Also include in the classification are mineral
servitudes, royalties, and mineral leases.
Materials separated from a building for
purposes of repair, with the intention of
putting them back, remain immovables.
Rights, obligations, and actions that apply
to a movable thing are incorporeal
movables.
Stocks, bonds, and annuities.
All sales escrow accounts shall include the Sales Escrow Account
wording "_____________", in their title in addition
to the name of the broker as licensed by
the commission to do business.
, Are owned by individuals, other private Private things
entities such as corporations, limited liability
companies, limited liability partnerships, or Some private things may be subject to public use, such as
by the state or the government. river banks or sidewalks. If there is a levee then the levee is
considered to be the bank of the river, if not, the bank is the
land lying between the natural high and low points of the
water.
Are those things owned by the state or the Public things
local government. Ex-Running water,
navigable waters, the seashore, streets, and
parks. Available to the public for use, such
as fishing, boating, driving, etc. May be
subject to police powers of municipality.
Bad faith? 30 years
Before applying for a broker's license, 2
anyone accruing time prior to January 1,
2009, shall have to serve as a salesperson
for only __ years.
