BB - Mock Exam - State Licensing law and Civil Code Questions
1. How long does a contractor have to file a mechanic's 60 days
lien?
2. A husband dies. He leaves a wife and one child. What 3/4
is the maximum amount of his estate that he can leave
his wife by will?
3. Usufruct confers all of the following rights except? Inheritability
a. Use
b. income
c. possession
d. inheritability
4. How long after mortgage foreclosure do you have to 0 time (no time)
redeem the property?
5. How many principal meridians and baselines are there 1 baseline and 2 meridi-
in Louisiana? ans
6. In Louisiana, how many days notice to vacate the 5 days
premises does a landlord have to provide a lessee
when the landlord files an eviction notice?
7. How much compensation can a land owner expect to Complete loss suttered by
receive when the state takes his land by expropriation landowner
(condemnation)?
8. How often is the value of a real estate owner's prop- every 4 years
erty is re-assessed for tax purposes?
9. A residential rental property has an appraised val- $1,020.00
ue as follows: Lot-$25,000.00 and improvements -
, BB - Mock Exam - State Licensing law and Civil Code Questions
$95,000.00. If the property tax rate is 85 mills, what
will be the approximate total property tax due?
10. Buyer hebert was in good faith given an improper 10 years
deed to a 40 acre tract of land. He possesses the
property under color of title. How long must he wait
to obtain a clear title?
11. The amount of homestead exemption for property tax $7,500.00
purposes is which of the following?
12. In Louisiana, commercial improvement property taxes 15% of the market value
are based upon which of the following?
13. Who must have a broker's license for a company to The Qualifying or spon-
deal in real estate? soring broker
14. What protects a Louisiana property owner from sell- Lesion Beyond Moiety
ing his property at a price substantially below its fair
market value?
15. Which of the following loans would be exempt from FHA and VA loans
the usuary ceilings?
a. FHA and VA loans
b. All loans less than 80%
c. all loans originated by state chartered savings and
loan associations
16. A written conveyance that is agreed to between the Binding on the vendor
vendor and vendee but not recorded is... and vendee
17. When a husband dies, the right a wife has over that Curtesy
portion of the community property inherited by the
children is known as:
1. How long does a contractor have to file a mechanic's 60 days
lien?
2. A husband dies. He leaves a wife and one child. What 3/4
is the maximum amount of his estate that he can leave
his wife by will?
3. Usufruct confers all of the following rights except? Inheritability
a. Use
b. income
c. possession
d. inheritability
4. How long after mortgage foreclosure do you have to 0 time (no time)
redeem the property?
5. How many principal meridians and baselines are there 1 baseline and 2 meridi-
in Louisiana? ans
6. In Louisiana, how many days notice to vacate the 5 days
premises does a landlord have to provide a lessee
when the landlord files an eviction notice?
7. How much compensation can a land owner expect to Complete loss suttered by
receive when the state takes his land by expropriation landowner
(condemnation)?
8. How often is the value of a real estate owner's prop- every 4 years
erty is re-assessed for tax purposes?
9. A residential rental property has an appraised val- $1,020.00
ue as follows: Lot-$25,000.00 and improvements -
, BB - Mock Exam - State Licensing law and Civil Code Questions
$95,000.00. If the property tax rate is 85 mills, what
will be the approximate total property tax due?
10. Buyer hebert was in good faith given an improper 10 years
deed to a 40 acre tract of land. He possesses the
property under color of title. How long must he wait
to obtain a clear title?
11. The amount of homestead exemption for property tax $7,500.00
purposes is which of the following?
12. In Louisiana, commercial improvement property taxes 15% of the market value
are based upon which of the following?
13. Who must have a broker's license for a company to The Qualifying or spon-
deal in real estate? soring broker
14. What protects a Louisiana property owner from sell- Lesion Beyond Moiety
ing his property at a price substantially below its fair
market value?
15. Which of the following loans would be exempt from FHA and VA loans
the usuary ceilings?
a. FHA and VA loans
b. All loans less than 80%
c. all loans originated by state chartered savings and
loan associations
16. A written conveyance that is agreed to between the Binding on the vendor
vendor and vendee but not recorded is... and vendee
17. When a husband dies, the right a wife has over that Curtesy
portion of the community property inherited by the
children is known as:
