Louisiana License Law Exam – Questions And
Appropriate Answers
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Practice questions for this set
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A licensee who is employed by and represents only the buyer in a real estate transaction,
1 regardless of whether the agent's commission is paid by the buyer or by the seller is
known as a:
A licensee may remain on inactive status indefinitely.
2
true or false
What is the maximum amount that the Commission may charge licensees for the research
3
and education fund?
A franchise agreement allows a real estate broker to use registered trademarks and other
advertising tools to create a common identity among several brokers nationally or
4 regionally for marketing purposes.
true or false
Don't know?
,Terms in this set (154)
A licensee who is employed by and buyer's agent
represents only the buyer in a real
estate transaction, regardless of
whether the agent's commission is
paid by the buyer or by the seller is
known as a:
A written agreement signed by the listing agreement.
owner of real estate authorizing a
broker to offer their property for sale
or lease is a:
Putting personal funds and funds commingling.
belonging to other persons in one
mass or mixing the funds together so
they cannot be differentiated is known
as:
A person other than an associate Real Estate Salesperson
broker, who is sponsored by a real
estate broker is called a/an:
A franchise agreement allows a real true
estate broker to use registered
trademarks and other advertising
tools to create a common identity
among several brokers nationally or
regionally for marketing purposes.
true or false
A person who holds a broker's license associate broker
but is sponsored by another broker is
a:
, The Commission has the power to: issue licenses, registrations, and certificates. censure
licensees, registrants, and certificate holders.
suspend or revoke licenses, registrations, and
certificates.
How is the executive director of the He/she is appointed by the Commissioners.
Real Estate Commission selected?
Who is responsible for creating the the legislature
License Laws?
To obtain a broker's license you must Four years
have held an active salesperson's
license for at least:
Which of the following may be a felony conviction, making a false statement on the
considered grounds for refusing to license application, being under the age of 18.
issue a real estate license?
All licensees are required to complete 12
____ hours continuing education each
year.
A licensee may remain on inactive true
status indefinitely.
true or false
Licensees who have been on inactive complete 80 hours of continuing education.
status for more than 5 years must do
what to activate their license?
How many hours of post licensing 45
course work are required of brokers?
Which of the following is true They must renew their inactive license each year.
regarding licensees who have placed
their license on inactive status?
Appropriate Answers
Save
Practice questions for this set
Learn 1 /7 Study using Learn
$10 per year
Choose an answer
A licensee who is employed by and represents only the buyer in a real estate transaction,
1 regardless of whether the agent's commission is paid by the buyer or by the seller is
known as a:
A licensee may remain on inactive status indefinitely.
2
true or false
What is the maximum amount that the Commission may charge licensees for the research
3
and education fund?
A franchise agreement allows a real estate broker to use registered trademarks and other
advertising tools to create a common identity among several brokers nationally or
4 regionally for marketing purposes.
true or false
Don't know?
,Terms in this set (154)
A licensee who is employed by and buyer's agent
represents only the buyer in a real
estate transaction, regardless of
whether the agent's commission is
paid by the buyer or by the seller is
known as a:
A written agreement signed by the listing agreement.
owner of real estate authorizing a
broker to offer their property for sale
or lease is a:
Putting personal funds and funds commingling.
belonging to other persons in one
mass or mixing the funds together so
they cannot be differentiated is known
as:
A person other than an associate Real Estate Salesperson
broker, who is sponsored by a real
estate broker is called a/an:
A franchise agreement allows a real true
estate broker to use registered
trademarks and other advertising
tools to create a common identity
among several brokers nationally or
regionally for marketing purposes.
true or false
A person who holds a broker's license associate broker
but is sponsored by another broker is
a:
, The Commission has the power to: issue licenses, registrations, and certificates. censure
licensees, registrants, and certificate holders.
suspend or revoke licenses, registrations, and
certificates.
How is the executive director of the He/she is appointed by the Commissioners.
Real Estate Commission selected?
Who is responsible for creating the the legislature
License Laws?
To obtain a broker's license you must Four years
have held an active salesperson's
license for at least:
Which of the following may be a felony conviction, making a false statement on the
considered grounds for refusing to license application, being under the age of 18.
issue a real estate license?
All licensees are required to complete 12
____ hours continuing education each
year.
A licensee may remain on inactive true
status indefinitely.
true or false
Licensees who have been on inactive complete 80 hours of continuing education.
status for more than 5 years must do
what to activate their license?
How many hours of post licensing 45
course work are required of brokers?
Which of the following is true They must renew their inactive license each year.
regarding licensees who have placed
their license on inactive status?
