LOUISIANA LAW EXAM 2026 EXAM
PREPARATION PACK KEY CIVIL LAW CRIMINAL
LAW AND LEGAL PROCEDURES WITH SAMPLE
QUESTIONS
◉ Upon the merger or consolidation with another corporation,
limited liability company, or partnership, the company shall notify
the Commission within ____ days of the merger. Answer: 5
◉ When the association of a qualifying broker for a corporation is
terminated, the broker must notify all sponsored licensees by:
Answer: certified or registered mail.
◉ The fee to transfer your license to a new broker is: Answer: $35
◉ The length of time to renew your license delinquently is: Answer:
3 months
◉ The delinquent renewal fee if renewing after November 15th is:
Answer: active $200
,◉ Which of the following is true regarding listing agreements when
a salesperson transfers to a new sponsoring broker? Answer: They
are the property of the original broker.
◉ An associate broker or salesperson can assign payment of his or
her commission to an unlicensed corporation or limited liability
company of which he or she is the sole officer, director or
shareholder.
true or false Answer: true
◉ Who can a salesperson receive a commission payment from?
Answer: his or her sponsoring broker
◉ In order for a salesperson to be considered an independent
contractor, he or she must: Answer: be a licensee. receive
compensation from sales rather than number of hours worked. have
a written agreement with the broker specifying that the licensee will
not be treated as an employee.
◉ How long does the agent have to provide his principle with a copy
of a document which the principle has signed? Answer: It should be
done immediately.
, ◉ How long are brokers required to retain records of real estate
transactions? Answer: five years
◉ For which of the following properties would the mandatory
Purchase Agreement NOT be required? Answer: an office building
◉ Inactive licensees must renew their licenses no later than:
Answer: September 30th.
◉ If a real estate broker conducts business from more than one
place of business, which of the following is true? Answer: He is
required to have a branch office license for each place of business.
◉ The last date to renew your license delinquently is: Answer:
December 31
◉ Under what conditions may a person or company request a
referral fee for the referral of a buyer or seller? Answer: The person
seeking the referral fee introduced the client to the licensee. The
person seeking the referral fee has a written contractual relationship
with the licensee for a referral fee. The licensee has received the
client referral prior to the client contracting to buy or list real estate
with the licensee.
PREPARATION PACK KEY CIVIL LAW CRIMINAL
LAW AND LEGAL PROCEDURES WITH SAMPLE
QUESTIONS
◉ Upon the merger or consolidation with another corporation,
limited liability company, or partnership, the company shall notify
the Commission within ____ days of the merger. Answer: 5
◉ When the association of a qualifying broker for a corporation is
terminated, the broker must notify all sponsored licensees by:
Answer: certified or registered mail.
◉ The fee to transfer your license to a new broker is: Answer: $35
◉ The length of time to renew your license delinquently is: Answer:
3 months
◉ The delinquent renewal fee if renewing after November 15th is:
Answer: active $200
,◉ Which of the following is true regarding listing agreements when
a salesperson transfers to a new sponsoring broker? Answer: They
are the property of the original broker.
◉ An associate broker or salesperson can assign payment of his or
her commission to an unlicensed corporation or limited liability
company of which he or she is the sole officer, director or
shareholder.
true or false Answer: true
◉ Who can a salesperson receive a commission payment from?
Answer: his or her sponsoring broker
◉ In order for a salesperson to be considered an independent
contractor, he or she must: Answer: be a licensee. receive
compensation from sales rather than number of hours worked. have
a written agreement with the broker specifying that the licensee will
not be treated as an employee.
◉ How long does the agent have to provide his principle with a copy
of a document which the principle has signed? Answer: It should be
done immediately.
, ◉ How long are brokers required to retain records of real estate
transactions? Answer: five years
◉ For which of the following properties would the mandatory
Purchase Agreement NOT be required? Answer: an office building
◉ Inactive licensees must renew their licenses no later than:
Answer: September 30th.
◉ If a real estate broker conducts business from more than one
place of business, which of the following is true? Answer: He is
required to have a branch office license for each place of business.
◉ The last date to renew your license delinquently is: Answer:
December 31
◉ Under what conditions may a person or company request a
referral fee for the referral of a buyer or seller? Answer: The person
seeking the referral fee introduced the client to the licensee. The
person seeking the referral fee has a written contractual relationship
with the licensee for a referral fee. The licensee has received the
client referral prior to the client contracting to buy or list real estate
with the licensee.
