LOUISIANA REAL ESTATE EXAM
2026 QUESTIONS AND ANSWERS |
A+ GRADED | WITH EXPERT
SOLUTIONS
The Commission is comprised of how many members? -
ANSWER-11
Commission members are appointed by who? - ANSWER-The
governor
Each appointment to the Commission shall be for a __ year
term. No commissioner may serve more than that. - ANSWER-
6
The Commission must meet ______. - ANSWER-quarterly
A minimum of __ members is required for a ______ to conduct
business. - ANSWER-5
quorum
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The Commission may meet more frequently if such meetings
are deemed necessary and requested by a minimum of __
members. - ANSWER-3
The Commission has power to require brokers to maintain and
retain records of all real estate transactions in which they were
involved for up to ___ years. - ANSWER-5
Licenses issued by the LREC are classified as? - ANSWER-
Active or Inactive
Exemptions from Licensing:
______ engaged in the transfer of real estate interests as part
of other services provided for their clients. - ANSWER-
Attorneys
A ______, ______, or __________ is a business entity, which
has been issued a license by the State to function as a broker. -
ANSWER-Corporate, partnership, or limited liability company
broker
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Furthermore, upon dissolution of or termination by the
corporation or partnership, the broker must return the licenses
of every associate broker and salesperson sponsored by the
corporation or partnership within ___ days of the dissolution or
termination. - ANSWER-10
To be eligible to apply for a broker's license, the applicant must
hold an active salesperson license for a minimum of __ years
prior to application. - ANSWER-4
Before applying for a broker's license, anyone accruing time
prior to January 1, 2009, shall have to serve as a salesperson
for only __ years. - ANSWER-2
Before applying for a broker's license, the applicant must show
evidence of completion of ___ hours of current educational
instruction in real estate courses approved by the real estate
commission. At least ___ of those hours must be in courses
emphasizing broker's responsibilities. - ANSWER-150
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