1
LA: 45 HOUR LREC POST-LICENSE COURSE EXAM
LATEST UPDATES -2025/2026- ACTUAL QUESTIONS
AND CORRECT ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
Redhibition concerns:
the condition of the property.
If a dispute regarding the deposit occurs regarding ownership or
entitlement to the deposit then the broker is obligated, within _____ days of
the scheduled closing date, or determination or knowledge that such a
dispute exists, whichever shall first occur, to disburse the funds upon the
order of a court of competent jurisdiction.
90
The failure to follow the rules for formation of a contract means no contract
will come into existence. Even if it appears that a contract exists, it can
have a defect that can affect the existence of what appears to be a contract
resulting in what is called nullity. There are two types of nullity: _____ null
and _____ null contracts.
absolutely, relatively
A minor can become judicially emancipated from his parents at the age of:
16
Another term for "Cause" would be:
Motive
In Louisiana, majority is attained upon reaching the age of:
18 years
, 2
Consent is vitiated when it has been obtained by ____of such a nature as
to cause a reasonable fear of unjust and considerable injury to a party's
person, property or reputation.
duress
A contract made by a person without legal capacity is _____null and may
be rescinded only at the request of that person or his legal representative.
relatively
Most purchase agreements fall into which of the following categories?
Private signature
A contract that violates a rule intended for the protection of private parties,
as when a party lacked capacity or did not give free consent at the time the
contract was made is said to be:
relatively null
Parties may stipulate the damages to be recovered in case of
nonperformance, defective performance, or delay in performance of an
obligation. These are called:
liquidated damages.
The opposite of gratuitous is:
Onerous
Ownership is composed of three basic rights: usus, fructus, and abusus
which mean the right to:
to use, to receive income and to dispose of.
Building restrictions may be enforced by:
mandatory and prohibitory injunctions.
Brokers who accept deposits must place the deposit in the:
Broker's Sales Escrow Account
What eventually happens to the deposit given when a purchase agreement
is executed?
, 3
When the sale closes it is given to the seller as a portion of the purchase
price.
What happens if building restrictions (CC&Rs) are not recorded?
Subsequent owners are not affected by the restrictions if they are not
recorded.
Deed restrictions are found:
within the act of sale.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The deposit shall be returned to the
buyer and the purchase agreement shall be declared null and void for all of
the following reasons EXCEPT:
The buyer changes his mind about the property.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: When giving the property description:
A municipal address by itself is never acceptable.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: In Louisiana, the word we use when
referring to "real estate" is:
Immovables
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The purchase agreement provides
that a deposit can be in the form of all of the following EXCEPT:
Credit card
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: In Louisiana, it is traditional for the
sale to be closed by:
the buyer's representative.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The deposit shall be returned to the
, 4
buyer and the purchase agreement shall be declared null and void for all of
the following reasons EXCEPT:
The real estate agent quits.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: (Fill in the blank with the best term or
statement) The owner of the mineral rights has ____________to go on the
surface of the property for any purpose of developing the mineral rights.
the absolute right
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Real property consisting of one to
four residential dwelling units, which are buildings or structures, each of
which are occupied or intended for occupancy as single family residences
is known as:
Residential real property
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Items that will remain with the house
after the sale, but are not included in the sale price, such as the
refrigerator, should be listed on:
Lines 20-22
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The Statewide Purchase Agreement
provides that the deposit is due immediately upon acceptance of the offer.
TRUE or FALSE?
True
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Within how many days prior to the
act of sale, does the buyer have the right to re-inspect the property?
5 days
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Lines 168-183 of the purchase
LA: 45 HOUR LREC POST-LICENSE COURSE EXAM
LATEST UPDATES -2025/2026- ACTUAL QUESTIONS
AND CORRECT ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
Redhibition concerns:
the condition of the property.
If a dispute regarding the deposit occurs regarding ownership or
entitlement to the deposit then the broker is obligated, within _____ days of
the scheduled closing date, or determination or knowledge that such a
dispute exists, whichever shall first occur, to disburse the funds upon the
order of a court of competent jurisdiction.
90
The failure to follow the rules for formation of a contract means no contract
will come into existence. Even if it appears that a contract exists, it can
have a defect that can affect the existence of what appears to be a contract
resulting in what is called nullity. There are two types of nullity: _____ null
and _____ null contracts.
absolutely, relatively
A minor can become judicially emancipated from his parents at the age of:
16
Another term for "Cause" would be:
Motive
In Louisiana, majority is attained upon reaching the age of:
18 years
, 2
Consent is vitiated when it has been obtained by ____of such a nature as
to cause a reasonable fear of unjust and considerable injury to a party's
person, property or reputation.
duress
A contract made by a person without legal capacity is _____null and may
be rescinded only at the request of that person or his legal representative.
relatively
Most purchase agreements fall into which of the following categories?
Private signature
A contract that violates a rule intended for the protection of private parties,
as when a party lacked capacity or did not give free consent at the time the
contract was made is said to be:
relatively null
Parties may stipulate the damages to be recovered in case of
nonperformance, defective performance, or delay in performance of an
obligation. These are called:
liquidated damages.
The opposite of gratuitous is:
Onerous
Ownership is composed of three basic rights: usus, fructus, and abusus
which mean the right to:
to use, to receive income and to dispose of.
Building restrictions may be enforced by:
mandatory and prohibitory injunctions.
Brokers who accept deposits must place the deposit in the:
Broker's Sales Escrow Account
What eventually happens to the deposit given when a purchase agreement
is executed?
, 3
When the sale closes it is given to the seller as a portion of the purchase
price.
What happens if building restrictions (CC&Rs) are not recorded?
Subsequent owners are not affected by the restrictions if they are not
recorded.
Deed restrictions are found:
within the act of sale.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The deposit shall be returned to the
buyer and the purchase agreement shall be declared null and void for all of
the following reasons EXCEPT:
The buyer changes his mind about the property.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: When giving the property description:
A municipal address by itself is never acceptable.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: In Louisiana, the word we use when
referring to "real estate" is:
Immovables
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The purchase agreement provides
that a deposit can be in the form of all of the following EXCEPT:
Credit card
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: In Louisiana, it is traditional for the
sale to be closed by:
the buyer's representative.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The deposit shall be returned to the
, 4
buyer and the purchase agreement shall be declared null and void for all of
the following reasons EXCEPT:
The real estate agent quits.
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: (Fill in the blank with the best term or
statement) The owner of the mineral rights has ____________to go on the
surface of the property for any purpose of developing the mineral rights.
the absolute right
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Real property consisting of one to
four residential dwelling units, which are buildings or structures, each of
which are occupied or intended for occupancy as single family residences
is known as:
Residential real property
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Items that will remain with the house
after the sale, but are not included in the sale price, such as the
refrigerator, should be listed on:
Lines 20-22
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: The Statewide Purchase Agreement
provides that the deposit is due immediately upon acceptance of the offer.
TRUE or FALSE?
True
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Within how many days prior to the
act of sale, does the buyer have the right to re-inspect the property?
5 days
Answer the following question as it relates to the 2013 Louisiana
Residential Agreement to Buy or Sell: Lines 168-183 of the purchase
