Which of the following is NOT a sanction possible by the disciplinary action of the LREC? -
CORRECT ANSWER A fine of $5000 and a prison term of 2
... [Show More] years
Appeals of Louisiana Real Estate Commission findings are reviewable by: - CORRECT
ANSWER The 19th Judicial District Court
A licensee is found guilty at a Real Estate Commission hearing and has his license suspended.
The licensee appeals the decision in court. Which of the following is true? - CORRECT
ANSWER The licensee can list and sell during the appeal, but only if a stay of enforcement is
granted
The Commission is required by law to meet: - CORRECT ANSWER Quarterly
Any corporation or partnership operating as a broker in the state of Louisiana must have a: -
CORRECT ANSWER Qualifying Broker
What is the minimum age required to receive a real estate license in Louisiana - CORRECT
ANSWER 18
Which of the following parties is exempt from the requirements regarding real estate licensing? -
CORRECT ANSWER A person who provides signs and websites for persons to sell their homes.
If a real estate sales license is not renewed within 3 months of expiration, the licensee must: -
CORRECT ANSWER Re-apply as an initial applicant
What statement is true? - CORRECT ANSWER Licensees need 12 hours of continuing
education each year (except the first).
If a broker cannot resolve a dispute over a sales deposit: - CORRECT ANSWER He must give
the money to the court or commission or to the property party upon a clear interpretation of the
contract within 90 days.
Where must the required advertising disclosures be included on an email message? - CORRECT
ANSWER On the first or last page
If a client refuses to sign an agency disclosure, the licensee must - CORRECT ANSWER put the
time and date on the disclosure
Salespeople cannot accept a commission or valuable consideration for the performance of any
act under the license law from any person, except their - CORRECT ANSWER Sponsoring
Broker
Broker Bob plans to open an additional real estate office in his home. He will use the office to
meet prospects and do occasional work. The Louisiana license law will require him to: -
CORRECT ANSWER Apply for a branch office license
Which of the following must be included on an internet advertisement, but not on a printed
advertisement for residential real estate? - CORRECT ANSWER The associate broker or
salespersons name and contact information
if your sponsoring broker has their license revoked, which of the following is true? - CORRECT
ANSWER Each licensee will be granted 60 days to transfer with the transfer fee being waived
If a brokers license is revoked due to a violation of the License Law, what happens to her
salespeople? - CORRECT ANSWER Automatically suspended
In a printed advertising placed by an associate broker or salesperson: - CORRECT ANSWER
The associate broker or salespersons name may appear [Show Less]