LOUISIANA REAL ESTATE EXAM 80 QUESTIONS &
CORRECT ANSWERS LATEST 2025
An applicant for a real estate license may continue to attempt to pass the licensing
exam for a period of - ANSWER-1 year
In Louisiana, sub agency is - ANSWER-Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until - ANSWER-The
license of their sponsoring broker has been renewed
All written offers to purchase real estate should be presented - ANSWER-
Immediately
Corporate, limited liability company, and partnership brokers must retain copies of
all real estate transactions for a period of: - ANSWER-5 years
Licensees in the military are entitled to renewal of their licenses without penalty if
application is filed - ANSWER-Within six months following discharge
When a broker determines that a dispute exists regarding the funds held on deposit
in an escrow account, the broker must - ANSWER-Notify all parties of the dispute
To qualify for a deficiency judgment, a lender must sell the property at foreclosure
for what potion of its value? - ANSWER-2/3 of the appraised value
, The minimum time required for notice to vacate a residential property for non-
payment of rent is - ANSWER-5 days
Highways, state parks, running water, territorial seas, and seashores are all
examples of what kind of things? - ANSWER-Public
How are members of the Real Estate Commission selected? - ANSWER-They are
appointed by the Governor and confirmed by the Senate
Errors and Omissions insurance is considered which type of insurance? -
ANSWER-Malpractice Insurance
Which of the following statements is NOT true regarding an individual real estate
broker? - ANSWER-The individual broker may be licensed as a qualifying broker
for one corporation only
When a licensee is appointed to represent two clients in the same transaction, for
example, the buyer and the seller, this is called: - ANSWER-Dual agency
Escrow accounts should be: - ANSWER-Non-interest bearing, unless all parties
otherwise agree
When must a licensee report a change of address to the Commission? - ANSWER-
Within 10 days
In designated agency, a licensee is: - ANSWER-Designated by a broker to
represent a particular client
CORRECT ANSWERS LATEST 2025
An applicant for a real estate license may continue to attempt to pass the licensing
exam for a period of - ANSWER-1 year
In Louisiana, sub agency is - ANSWER-Allowed only by a contractual agreement
No associate broker or salesperson license may be renewed until - ANSWER-The
license of their sponsoring broker has been renewed
All written offers to purchase real estate should be presented - ANSWER-
Immediately
Corporate, limited liability company, and partnership brokers must retain copies of
all real estate transactions for a period of: - ANSWER-5 years
Licensees in the military are entitled to renewal of their licenses without penalty if
application is filed - ANSWER-Within six months following discharge
When a broker determines that a dispute exists regarding the funds held on deposit
in an escrow account, the broker must - ANSWER-Notify all parties of the dispute
To qualify for a deficiency judgment, a lender must sell the property at foreclosure
for what potion of its value? - ANSWER-2/3 of the appraised value
, The minimum time required for notice to vacate a residential property for non-
payment of rent is - ANSWER-5 days
Highways, state parks, running water, territorial seas, and seashores are all
examples of what kind of things? - ANSWER-Public
How are members of the Real Estate Commission selected? - ANSWER-They are
appointed by the Governor and confirmed by the Senate
Errors and Omissions insurance is considered which type of insurance? -
ANSWER-Malpractice Insurance
Which of the following statements is NOT true regarding an individual real estate
broker? - ANSWER-The individual broker may be licensed as a qualifying broker
for one corporation only
When a licensee is appointed to represent two clients in the same transaction, for
example, the buyer and the seller, this is called: - ANSWER-Dual agency
Escrow accounts should be: - ANSWER-Non-interest bearing, unless all parties
otherwise agree
When must a licensee report a change of address to the Commission? - ANSWER-
Within 10 days
In designated agency, a licensee is: - ANSWER-Designated by a broker to
represent a particular client
