LOUISIANA FINAL EXAM WITH
CORRECT QUESTIONS AND ANSWERS
2025
1. In Louisiana, liens are also referred to as - CORRECT-ANSWERSprivileges
2. Brokers are limited to what amount of personal funds in an escrow account? - CORRECT-
ANSWERS$2,500
3. Does a licensee owe any duty to a customer? - CORRECT-ANSWERSYes, to be fair and
honest
4. If an applicant passes the national portion and fails the state portion of the exam, the
applicant will be required to: - CORRECT-ANSWERSretake only the state portion
5. Which of the following statements is NOT true regarding an individual real estate
broker? - CORRECT-ANSWERSThe individual broker may be licensed as a qualifying
broker for one corporation only.
6. If an applicant does not pass the licensing exam, they - CORRECT-ANSWERSwill be
allowed to apply and retake the exam.
, 7. If a licensee is indicted for something that involves a real estate transaction that the
licensee was involved in, the licensee must report it to the Commission - CORRECT-
ANSWERSwithin 10 days
8. When an escrow dispute exists, when may the broker disburse the funds upon a
reasonable interpretation of the contract? - CORRECT-ANSWERS10 days after notifying
all parties and licensees
9. An example of a common thing is: - CORRECT-ANSWERSair
10. Can a licensee give information regarding list prices on the telephone as a ministerial
act? - CORRECT-ANSWERSyes
11. Which of the following may be considered psychologically impacted property? -
CORRECT-ANSWERSA house where people were murdered
12. An olographic will is one that is: - CORRECT-ANSWERShandwritten and signed by the
testator
13. The right of the government to regulate land use through zoning is called: - CORRECT-
ANSWERSpolice powers
14. Licensees receiving written offers in cooperative transactions must annotate the offer to
indicate: - CORRECT-ANSWERSthe time and date the offer was received
CORRECT QUESTIONS AND ANSWERS
2025
1. In Louisiana, liens are also referred to as - CORRECT-ANSWERSprivileges
2. Brokers are limited to what amount of personal funds in an escrow account? - CORRECT-
ANSWERS$2,500
3. Does a licensee owe any duty to a customer? - CORRECT-ANSWERSYes, to be fair and
honest
4. If an applicant passes the national portion and fails the state portion of the exam, the
applicant will be required to: - CORRECT-ANSWERSretake only the state portion
5. Which of the following statements is NOT true regarding an individual real estate
broker? - CORRECT-ANSWERSThe individual broker may be licensed as a qualifying
broker for one corporation only.
6. If an applicant does not pass the licensing exam, they - CORRECT-ANSWERSwill be
allowed to apply and retake the exam.
, 7. If a licensee is indicted for something that involves a real estate transaction that the
licensee was involved in, the licensee must report it to the Commission - CORRECT-
ANSWERSwithin 10 days
8. When an escrow dispute exists, when may the broker disburse the funds upon a
reasonable interpretation of the contract? - CORRECT-ANSWERS10 days after notifying
all parties and licensees
9. An example of a common thing is: - CORRECT-ANSWERSair
10. Can a licensee give information regarding list prices on the telephone as a ministerial
act? - CORRECT-ANSWERSyes
11. Which of the following may be considered psychologically impacted property? -
CORRECT-ANSWERSA house where people were murdered
12. An olographic will is one that is: - CORRECT-ANSWERShandwritten and signed by the
testator
13. The right of the government to regulate land use through zoning is called: - CORRECT-
ANSWERSpolice powers
14. Licensees receiving written offers in cooperative transactions must annotate the offer to
indicate: - CORRECT-ANSWERSthe time and date the offer was received
