Louisiana State Law Practice Test
1. When using e-mail for advertising, a broker must in- first or last
clude the data required by the Commission on which
of the following pages of all communications?
2. What is true regarding an applicant for license that This act is suflcient
has made a false statement of material fact on his/her grounds for refusal of a li-
application? cense.
3. What happens if an offer is made without referencing the otter is revocable prior
a time period of acceptance? to acceptance.
4. When a broker determines that a dispute exists re- Notify all parties of the
garding the funds held on deposit in an escrow ac- dispute
count, the broker must:
5. How much time is allowed for delinquently renewing Three months
a real estate license?
6. What do you call the reason why a party obligates cause
him/herself within a contract?
7. Can a licensee keep information about material de- No, they must be dis-
fects in the property confidential? closed.
8. All of the following are reasons for which a broker may Advertising expenses
withdraw money from an escrow account EXCEPT
9. How many escrow accounts may a resident broker one or more
have at one time?
10. An example of a conventional servitude would be: shared driveway
11. All written offers to purchase real estate should be Immediately
presented:
, Louisiana State Law Practice Test
12. A licensee who did not timely renew their license will March 31st
be required to apply for licensing as an initial applicant
if renewal is not accomplished by:
13. If a person has an inactive license, are they still li- An inactive license means
censed? any currently licensed
person whose license has
been transferred to inac-
tive status.
14. Is showing a property to an appraiser who is writing Yes
an appraisal on the property a ministerial act?
15. When will it be presumed that a client has given con- Yes, when the client signs
sent to a dual agency? a dual agency disclosure
16. When is property, community property? After the establishment of
a couple's marriage.
17. If you are representing a buyer and show other po- No, a licensee can
tential buyers a property that the buyer you are rep- show other buyers the
resenting is interested in, are you breaching your duty same properties without
to your client? breaching his or her duty.
18. What is needed when advertising as a team? Written approval of the
sponsoring broker
19. Upon the death of a sponsoring broker, the licenses within 5 days
of the sponsored licensees must be returned to the
Commission:
20. Which of the following is the most accurate statement
regarding habitation:
, Louisiana State Law Practice Test
Study online at https://quizlet.com/_b3rfyg
The right of habitation
is non-transferable and
non-heritable.
21. Is a client liable for the acts of a licensee providing No
brokerage services?
22. What is provided to secure performance of a written Security Deposit
or oral lease agreement?
23. The licensee who prepares an offer must include
which of the following in the document?
24. Which of the following statements is NOT true regard- An individual broker can
ing an individual real estate broker? be licensed concurrently
for more than one cor-
poration, limited liability
company, or partnership.
25. When advertising as a group, and listed as such in an licensed and sponsored
advertisement, all group members must be: by the sponsoring broker.
26. What does the presenting of all offers to and from the The promotion of the best
client in a timely fashion enable? interest of the client.
27. Licensees renewing their license while on inactive sta- Inactive licensees do not
tus: need to comply with the
mandatory rules regard-
ing Errors and Omissions
insurance.
28. An inactive licensee with their license on file with the May not practice
LREC:
1. When using e-mail for advertising, a broker must in- first or last
clude the data required by the Commission on which
of the following pages of all communications?
2. What is true regarding an applicant for license that This act is suflcient
has made a false statement of material fact on his/her grounds for refusal of a li-
application? cense.
3. What happens if an offer is made without referencing the otter is revocable prior
a time period of acceptance? to acceptance.
4. When a broker determines that a dispute exists re- Notify all parties of the
garding the funds held on deposit in an escrow ac- dispute
count, the broker must:
5. How much time is allowed for delinquently renewing Three months
a real estate license?
6. What do you call the reason why a party obligates cause
him/herself within a contract?
7. Can a licensee keep information about material de- No, they must be dis-
fects in the property confidential? closed.
8. All of the following are reasons for which a broker may Advertising expenses
withdraw money from an escrow account EXCEPT
9. How many escrow accounts may a resident broker one or more
have at one time?
10. An example of a conventional servitude would be: shared driveway
11. All written offers to purchase real estate should be Immediately
presented:
, Louisiana State Law Practice Test
12. A licensee who did not timely renew their license will March 31st
be required to apply for licensing as an initial applicant
if renewal is not accomplished by:
13. If a person has an inactive license, are they still li- An inactive license means
censed? any currently licensed
person whose license has
been transferred to inac-
tive status.
14. Is showing a property to an appraiser who is writing Yes
an appraisal on the property a ministerial act?
15. When will it be presumed that a client has given con- Yes, when the client signs
sent to a dual agency? a dual agency disclosure
16. When is property, community property? After the establishment of
a couple's marriage.
17. If you are representing a buyer and show other po- No, a licensee can
tential buyers a property that the buyer you are rep- show other buyers the
resenting is interested in, are you breaching your duty same properties without
to your client? breaching his or her duty.
18. What is needed when advertising as a team? Written approval of the
sponsoring broker
19. Upon the death of a sponsoring broker, the licenses within 5 days
of the sponsored licensees must be returned to the
Commission:
20. Which of the following is the most accurate statement
regarding habitation:
, Louisiana State Law Practice Test
Study online at https://quizlet.com/_b3rfyg
The right of habitation
is non-transferable and
non-heritable.
21. Is a client liable for the acts of a licensee providing No
brokerage services?
22. What is provided to secure performance of a written Security Deposit
or oral lease agreement?
23. The licensee who prepares an offer must include
which of the following in the document?
24. Which of the following statements is NOT true regard- An individual broker can
ing an individual real estate broker? be licensed concurrently
for more than one cor-
poration, limited liability
company, or partnership.
25. When advertising as a group, and listed as such in an licensed and sponsored
advertisement, all group members must be: by the sponsoring broker.
26. What does the presenting of all offers to and from the The promotion of the best
client in a timely fashion enable? interest of the client.
27. Licensees renewing their license while on inactive sta- Inactive licensees do not
tus: need to comply with the
mandatory rules regard-
ing Errors and Omissions
insurance.
28. An inactive licensee with their license on file with the May not practice
LREC:
