PRACTICE FOR LOUISIANA STATE
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
Which of the following statements is true regarding Purchase Agreements?
Select one:
a.
They must have a definite expiration date.
b.
They do not have to have an expiration date.
c.
A copy must be filed with the Real Estate Commission.
d.
A copy must be retained by the broker for 10 years. - CORRECT-ANSWERSThey must have a
definite expiration date.
Under what conditions may a person or company request a referral fee for the referral of a
buyer or seller?
,Select one:
A.
The person seeking the referral fee introduced the client to the licensee.
B.
The person seeking the referral fee has a written contractual relationship with the licensee for a
referral fee.
C.
The licensee has received the client referral prior to the client contracting to buy or list real
estate with the licensee.
D.
All of the above. - CORRECT-ANSWERSall of the above
To obtain a broker's license you must have held an active salesperson's license for at least:
Select one:
A.
Six months
,B.
One year
C.
Four years
D.
Five years - CORRECT-ANSWERSfour years
If a home is sold at sheriff's sale and homestead exemption is claimed which of the following is
TRUE?
Select one:
A.
Both spouses must sign.
B.
The mortgagor must not have children.
C.
The mortgagor must not be married.
, D.
It is never waived. - CORRECT-ANSWERSboth spouses must sign
The Commission has the power to:
Select one:
A.
issue licenses, registrations, and certificates.
B.
censure licensees, registrants, and certificate holders.
C.
suspend or revoke licenses, registrations, and certificates.
D.
All three of these. - CORRECT-ANSWERSall of these
What type of lien would take priority over a first mortgage?
Select one:
A.
tax lien
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
Which of the following statements is true regarding Purchase Agreements?
Select one:
a.
They must have a definite expiration date.
b.
They do not have to have an expiration date.
c.
A copy must be filed with the Real Estate Commission.
d.
A copy must be retained by the broker for 10 years. - CORRECT-ANSWERSThey must have a
definite expiration date.
Under what conditions may a person or company request a referral fee for the referral of a
buyer or seller?
,Select one:
A.
The person seeking the referral fee introduced the client to the licensee.
B.
The person seeking the referral fee has a written contractual relationship with the licensee for a
referral fee.
C.
The licensee has received the client referral prior to the client contracting to buy or list real
estate with the licensee.
D.
All of the above. - CORRECT-ANSWERSall of the above
To obtain a broker's license you must have held an active salesperson's license for at least:
Select one:
A.
Six months
,B.
One year
C.
Four years
D.
Five years - CORRECT-ANSWERSfour years
If a home is sold at sheriff's sale and homestead exemption is claimed which of the following is
TRUE?
Select one:
A.
Both spouses must sign.
B.
The mortgagor must not have children.
C.
The mortgagor must not be married.
, D.
It is never waived. - CORRECT-ANSWERSboth spouses must sign
The Commission has the power to:
Select one:
A.
issue licenses, registrations, and certificates.
B.
censure licensees, registrants, and certificate holders.
C.
suspend or revoke licenses, registrations, and certificates.
D.
All three of these. - CORRECT-ANSWERSall of these
What type of lien would take priority over a first mortgage?
Select one:
A.
tax lien
