Louisiana Rules & Regulations Exam
ACTUAL QUESTIONS AND CORRECT
ANSWERS
How many days after passing the licensing exam does an applicant have in which to submit
the affidavit of sponsorship to the Commission? - CORRECT ANSWERS✅✅90
The examination authorization form issued by the Commission will expire after: - CORRECT
ANSWERS✅✅90 Days
Which of the following documents is/are required of licensing applicants? - CORRECT
ANSWERS✅✅Proof of completion of the required real estate instruction hours. Verification
of passing an equivalent real estate license examination if licensed in another state. Copy of
any trade name or trademark registration issued by the secretary of state for use by the
individual broker or salesperson applicant in real estate license activities.
Licenses, registrations and certificates issued to a corporation, partnership or limited liability
company for any purpose shall be issued in the identical name as registered with: -
CORRECT ANSWERS✅✅the Secretary of State.
Any applicant who takes and fails to pass the initial licensing exam must - CORRECT
ANSWERS✅✅apply to the Commission to retake the exam and pay a processing fee.
The Commission shall require ____ of the 12 hours continuing education to be in a mandated
topic. - CORRECT ANSWERS✅✅4
When a licensed agency purchases or acquires another licensed agency, the sponsoring
broker of the acquiring agency shall give written notice to all licensees transferred to the
acquiring agency within ____ working days following the date of acquisition - CORRECT
ANSWERS✅✅5
A transfer fee will not be charged when the salesperson or associate broker applies for
transfer within 60 days of - CORRECT ANSWERS✅✅the death of the sponsoring broker,
suspension or revocation of the sponsoring broker, transfer of the sponsoring broker
, Which of the following is TRUE? - CORRECT ANSWERS✅✅A broker may conduct real
estate activity as an individual real estate broker and at the same time be designated as the
qualifying broker of one or more corporations, limited liability companies or partnerships.
Associate brokers and salespersons may not be sponsored by more than one Louisiana broker.
A broker may not conduct business as an individual broker and an associate broker at the
same time.
If a licensee has been on inactive status for 1 to 5 years, how many hours of post licensing
coursework may be used in lieu of continuing education to activate the license? - CORRECT
ANSWERS✅✅45 hours
A licensee must complete all continuing education requirements before transferring to
inactive status.
true or false - CORRECT ANSWERS✅✅false
The Commission shall not intervene in employment disputes or disputes pertaining to
financial obligations that are the result of a business relationship between a broker and a
sponsored licensee.
true or false - CORRECT ANSWERS✅✅true
Who is ultimately responsible for branch office operations? - CORRECT
ANSWERS✅✅The individual sponsoring broker
An associate broker or salesperson advertising on an internet site or e-mail must include on
each page - CORRECT ANSWERS✅✅his or her name and name of sponsoring broker, the
city and state in which the sponsoring broker's office is located
A sum not to exceed _____ may be kept in each sales escrow checking account, rental trust
checking account, and security deposit trust checking account to cover bank service charges
relating to the accounts. - CORRECT ANSWERS✅✅$2500
Funds may be withdrawn from an escrow account for all of the following purposes EXCEPT:
- CORRECT ANSWERS✅✅To pay the agent's commission
ACTUAL QUESTIONS AND CORRECT
ANSWERS
How many days after passing the licensing exam does an applicant have in which to submit
the affidavit of sponsorship to the Commission? - CORRECT ANSWERS✅✅90
The examination authorization form issued by the Commission will expire after: - CORRECT
ANSWERS✅✅90 Days
Which of the following documents is/are required of licensing applicants? - CORRECT
ANSWERS✅✅Proof of completion of the required real estate instruction hours. Verification
of passing an equivalent real estate license examination if licensed in another state. Copy of
any trade name or trademark registration issued by the secretary of state for use by the
individual broker or salesperson applicant in real estate license activities.
Licenses, registrations and certificates issued to a corporation, partnership or limited liability
company for any purpose shall be issued in the identical name as registered with: -
CORRECT ANSWERS✅✅the Secretary of State.
Any applicant who takes and fails to pass the initial licensing exam must - CORRECT
ANSWERS✅✅apply to the Commission to retake the exam and pay a processing fee.
The Commission shall require ____ of the 12 hours continuing education to be in a mandated
topic. - CORRECT ANSWERS✅✅4
When a licensed agency purchases or acquires another licensed agency, the sponsoring
broker of the acquiring agency shall give written notice to all licensees transferred to the
acquiring agency within ____ working days following the date of acquisition - CORRECT
ANSWERS✅✅5
A transfer fee will not be charged when the salesperson or associate broker applies for
transfer within 60 days of - CORRECT ANSWERS✅✅the death of the sponsoring broker,
suspension or revocation of the sponsoring broker, transfer of the sponsoring broker
, Which of the following is TRUE? - CORRECT ANSWERS✅✅A broker may conduct real
estate activity as an individual real estate broker and at the same time be designated as the
qualifying broker of one or more corporations, limited liability companies or partnerships.
Associate brokers and salespersons may not be sponsored by more than one Louisiana broker.
A broker may not conduct business as an individual broker and an associate broker at the
same time.
If a licensee has been on inactive status for 1 to 5 years, how many hours of post licensing
coursework may be used in lieu of continuing education to activate the license? - CORRECT
ANSWERS✅✅45 hours
A licensee must complete all continuing education requirements before transferring to
inactive status.
true or false - CORRECT ANSWERS✅✅false
The Commission shall not intervene in employment disputes or disputes pertaining to
financial obligations that are the result of a business relationship between a broker and a
sponsored licensee.
true or false - CORRECT ANSWERS✅✅true
Who is ultimately responsible for branch office operations? - CORRECT
ANSWERS✅✅The individual sponsoring broker
An associate broker or salesperson advertising on an internet site or e-mail must include on
each page - CORRECT ANSWERS✅✅his or her name and name of sponsoring broker, the
city and state in which the sponsoring broker's office is located
A sum not to exceed _____ may be kept in each sales escrow checking account, rental trust
checking account, and security deposit trust checking account to cover bank service charges
relating to the accounts. - CORRECT ANSWERS✅✅$2500
Funds may be withdrawn from an escrow account for all of the following purposes EXCEPT:
- CORRECT ANSWERS✅✅To pay the agent's commission
