LOUISIANA LAW EXAM 2026 STUDY GUIDE
COMPLETE STATE LAW PRINCIPLES AND
PRACTICE QUESTIONS
◉ A written agreement signed by the owner of real estate
authorizing a broker to offer their property for sale or lease is a:
Answer: listing agreement.
◉ 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: Answer: commingling.
◉ A person other than an associate broker, who is sponsored by a
real estate broker is called a/an: Answer: Real Estate Salesperson
◉ 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.
true or false Answer: true
,◉ A person who holds a broker's license but is sponsored by
another broker is a: Answer: associate broker
◉ The Commission has the power to: Answer: 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 Real Estate Commission
selected? Answer: He/she is appointed by the Commissioners.
◉ Who is responsible for creating the License Laws? Answer: the
legislature
◉ To obtain a broker's license you must have held an active
salesperson's license for at least: Answer: Four years
◉ Which of the following may be considered grounds for refusing to
issue a real estate license? Answer: a felony conviction, making a
false statement on the license application, being under the age of 18.
◉ All licensees are required to complete ____ hours continuing
education each year. Answer: 12
, ◉ A licensee may remain on inactive status indefinitely.
true or false Answer: true
◉ Licensees who have been on inactive status for more than 5 years
must do what to activate their license? Answer: complete 80 hours
of continuing education.
◉ How many hours of post licensing course work are required of
brokers? Answer: 45
◉ Which of the following is true regarding licensees who have
placed their license on inactive status? Answer: They must renew
their inactive license each year.
◉ 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
COMPLETE STATE LAW PRINCIPLES AND
PRACTICE QUESTIONS
◉ A written agreement signed by the owner of real estate
authorizing a broker to offer their property for sale or lease is a:
Answer: listing agreement.
◉ 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: Answer: commingling.
◉ A person other than an associate broker, who is sponsored by a
real estate broker is called a/an: Answer: Real Estate Salesperson
◉ 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.
true or false Answer: true
,◉ A person who holds a broker's license but is sponsored by
another broker is a: Answer: associate broker
◉ The Commission has the power to: Answer: 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 Real Estate Commission
selected? Answer: He/she is appointed by the Commissioners.
◉ Who is responsible for creating the License Laws? Answer: the
legislature
◉ To obtain a broker's license you must have held an active
salesperson's license for at least: Answer: Four years
◉ Which of the following may be considered grounds for refusing to
issue a real estate license? Answer: a felony conviction, making a
false statement on the license application, being under the age of 18.
◉ All licensees are required to complete ____ hours continuing
education each year. Answer: 12
, ◉ A licensee may remain on inactive status indefinitely.
true or false Answer: true
◉ Licensees who have been on inactive status for more than 5 years
must do what to activate their license? Answer: complete 80 hours
of continuing education.
◉ How many hours of post licensing course work are required of
brokers? Answer: 45
◉ Which of the following is true regarding licensees who have
placed their license on inactive status? Answer: They must renew
their inactive license each year.
◉ 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
