LOUISIANA FINAL EXAM PRACTICE
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
Does a licensee owe any duty to a customer? - CORRECT-ANSWERSYes, to be fair and honest
In Louisiana, sub agency is: - CORRECT-ANSWERSAllowed only by a contractual agreement
An inactive licensee with their license on file with the LREC: - CORRECT-ANSWERSmay not
practice
Rights and obligations that apply to movables are called: - CORRECT-ANSWERSIncorporeal
movables
An olographic will is one that is: - CORRECT-ANSWERSHandwritten and signed by the testator
No associate broker or salesperson license may be renewed until: - CORRECT-ANSWERSThe
license of their sponsoring broker has been renewed
, Licensees receiving written offers in cooperative transactions must annotate the offer to
indicate: - CORRECT-ANSWERSThe time and date the offer was received
Which of the following funds was established to reimburse any person who is adjudged to have
suffered monetary damages as a result of obtaining money or property by fraud or
misrepresentation by a licensed salesperson or broker? - CORRECT-ANSWERSThe Recovery
Fund
Is showing a property to an appraiser who is writing an appraisal on the property a ministerial
act? - CORRECT-ANSWERSYes
In designated agency, a licensee is: - CORRECT-ANSWERSDesignated by a broker to represent a
particular client
When may a licensee reject an offer on behalf of the client? - CORRECT-ANSWERSIf the client
grants authority to the listing broker to reject an offer
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
Does a licensee owe any duty to a customer? - CORRECT-ANSWERSYes, to be fair and honest
In Louisiana, sub agency is: - CORRECT-ANSWERSAllowed only by a contractual agreement
An inactive licensee with their license on file with the LREC: - CORRECT-ANSWERSmay not
practice
Rights and obligations that apply to movables are called: - CORRECT-ANSWERSIncorporeal
movables
An olographic will is one that is: - CORRECT-ANSWERSHandwritten and signed by the testator
No associate broker or salesperson license may be renewed until: - CORRECT-ANSWERSThe
license of their sponsoring broker has been renewed
, Licensees receiving written offers in cooperative transactions must annotate the offer to
indicate: - CORRECT-ANSWERSThe time and date the offer was received
Which of the following funds was established to reimburse any person who is adjudged to have
suffered monetary damages as a result of obtaining money or property by fraud or
misrepresentation by a licensed salesperson or broker? - CORRECT-ANSWERSThe Recovery
Fund
Is showing a property to an appraiser who is writing an appraisal on the property a ministerial
act? - CORRECT-ANSWERSYes
In designated agency, a licensee is: - CORRECT-ANSWERSDesignated by a broker to represent a
particular client
When may a licensee reject an offer on behalf of the client? - CORRECT-ANSWERSIf the client
grants authority to the listing broker to reject an offer
