QUESTIONS AND SOLUTIONS GRADED A+
✔✔true - ✔✔no cause of action shall arise on behalf of any person against a dual agent
for making disclosures allowed or required, and the dual agent does not terminate any
agency relationship by making the allowed or required disclosure: T/F?
✔✔confidential info about the buyer or seller - ✔✔Which of the following CAN NOT be
disclosed by the licensee when acting as a dual agent?
Select one:
A. material defects
B. Confidential information about the seller
C. Confidential information about the buyer
D. Confidential information about buyer or seller
✔✔ Commingling - ✔✔putting personal funds and funds belonging to other persons in
one mass or mixing the funds together so they cannot be differentiated is known as:
✔✔client - ✔✔a person who engages the professional advice and services of a licensee
as his agent is known as the
✔✔real estate vendor - ✔✔an individual or institution that offers real estate continuing
education courses is known as:
✔✔Real Estate Salesperson - ✔✔a person other than another licensed broker
employed by a real estate broker to perform any act authorized to be performed by a
real estate broker is:
✔✔True - ✔✔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 regionally for marketing purposes: T/F?
✔✔All of the above - ✔✔The term real estate includes what type/s of properties?
a. Land
b. Condominiums
c. Leaseholds
d. All of the above
✔✔11 - ✔✔the Louisiana Real estate commission consists of how many members?
✔✔Between the hours of 9:00 AM and 4:00 PM, except on week-ends and holidays -
✔✔when is the real estate commission allowed to inspect the records at the offices of
licensees or registrants?
, ✔✔appointed by the commissioners - ✔✔how is the executive director of the real estate
commission selected?
✔✔false - ✔✔commissioners are appointed for a term of 2 years: T/F?
✔✔true - ✔✔a licensee may remain on inactive status indefinitely: T/F?
✔✔complete 80 hours of CE - ✔✔Licensees who have been on inactive status for more
than 5 years must do what to activate their license?
Select one:
a. apply as a new applicant.
b. complete 80 hours of continuing education.
c. complete 60 hours of continuing education.
d. retake the state exam.
✔✔four years - ✔✔to obtain a broker's license you must have held an active
salesperson's license for at least:
✔✔active and inactive - ✔✔what are the two status classifications of real estate licenses
✔✔true - ✔✔applicants for broker licensing must complete a 30 hour broker
responsibility course as part of the 150 hours of education required: T/F?
✔✔45 - ✔✔how many hours of post licensing coursework are required of brokers
✔✔they must renew their inactive license each year - ✔✔Which of the following is true
regarding licensees who have placed their license on inactive status?
Select one:
A. They must renew their inactive license each year.
B. They are not required to renew each year. Incorrect
C. They may not transfer to active status until the end of the year.
D. In order to transfer to active status they must take an exam.
✔✔20 hours - ✔✔if a licensee has been in the inactive status for one to three years,
how many hours of CE will be required to activate his license?
✔✔certified or registered mail - ✔✔when the association of a qualifying broker for a
corporation is terminated, the broker must notify all sponsored licensees by:
✔✔5 days - ✔✔when the association of the qualifying broker for a corporation, llc, or
partnership is terminated, his license must be returned to the commission within:
✔✔3 months - ✔✔the length of time to renew your license delinquently is: