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LOUISIANA REAL ESTATE EXAM
QUESTIONS AND ANSWERS
Question 1: How many escrow accounts may a resident broker have at one
time?One or more Only one No more than two No more than three
Correct Answer: one or more
Question 2: Which of the following is a ministerial act?
Referral to another broker Taking a listing agreement Showing a home to a prospective buyer Agreeing to write an offer on behalf of a buyer
Correct Answer: Referral to another broker
Question 3: In Louisiana, liens are also referred to as: Privileges Deficiencies Collateral Judgments
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Correct Answer: privileges
Question 4: All applicants for a Louisiana real estate license must complete an
approved course of study in subjects such as Louisiana Real Estate Licensing
Law consisting of at least:
30 hours 50 hours 90 hours 45 hours
Correct Answer: 30 hours
Question 5: All printed advertising must include: The month and year the advertising was printed, published, or distributed The name of the listing agent The name of the seller The age of the property
Correct Answer: The month and year the advertising was printed, published, or
distributed
Question 6: A broker may withdraw money from an escrow account upon order
of the:
LREC Board of Realtors Escrow Committee Department of Finance
Correct Answer: LREC
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Question 7: To qualify for a deficiency judgment, a lender must sell the property at foreclosure for what portion of its value?2/3 of the appraised value 2/3 of its mortgage amount 1/2 of its original value 2/3 of its loan value
Correct Answer: 2/3 of the appraised value
Question 8: A servitude that is granted to the land and passes with the estate is a: Predial servitude Personal servitude Prescriptive servitude Nominal servitude
Correct Answer: Predial servitude
Question 9: Licensees must provide copies of any documents signed by their
principal in a real estate transaction:
immediately within 24 hours within 48 hours within 5 days
Correct Answer: immediately
Question 10: If Adam died intestate, how did he die?
Without leaving a will In an automobile accident In another state
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With a will
Correct Answer: Without leaving a will
Question 11: A real estate broker advertising or marketing on the Internet must
include all of the following data on each page of the site on which the
advertisement appears EXCEPT:
An expiration date The name of the broker as registered with the LREC The city, state, and country in which the main office of the broker is located The regulatory jurisdiction(s) in which the broker holds a real estate brokerage license
Correct Answer: an expiration date
Question 12: An offer that specifies a time for acceptance, and an agreement not
to withdraw the offer prior to that time is called:
Irrevocable Irreversible Incorrigible Immersible
Correct Answer: irrevocable
Question 13: How often must a licensee renew his/her inactive license?
On a yearly basis Every 6 months Every 2 years It is not necessary to renew the inactive license
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