Section 21: Louisiana Licensing Requirements Flashcards

Section 21: Louisiana Licensing Requirements Flashcards

The Louisiana Real Estate Commission's executive directorGeorge holds a salesperson license in Mississippi and want to obtain a salesperson license in Louisiana. Who must he appoint as his agent for service of process for real estate activities?Doesn't need a real estate licenseWoodrow helps his neighbor sell his home by assisting with negotiations. He receives no compensation for his assistance. Based on this one transaction, Woodrow

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Associate brokerHolds a broker's license but chooses to affiliate with and be sponsored by another licensed broker No. Travis must apply for a reciprocal license to practice real estate in Louisiana.Travis, who's licensed in another state, has a client who's decided on a home in Louisiana. Can he still work with that client?He's no longer permitted to perform any kind of real estate activities.What's the consequence for Louisiana licensee Chris if the LREC suspends his license?Pay all required licensing fees.Bob holds a real estate license in Alabama and is looking to obtain a reciprocal license in Louisiana. Which of the following is one of the requirements he must meet?- Pass the licensing exam with a score of 85% or better.- Pay all required licensing fees.- Provide approval from his Alabama broker.- Submit a completed consent to service of process form.Do your homework and select one who's a good fit for youWhen selecting a broker to sponsor you it's best to ______.BrokerHolds a broker's license and works either independently, as a sponsoring broker, or as a designated qualifying broker 90 hrsIn Louisiana, what's the pre-licensing education requirement for salesperson applicants?45How many hours of post-licensing coursework must a salesperson take within 180 days after initial licensure?trainingWhat's one of the benefits of having broker sponsorship?EightInitial licensees in Louisiana must complete 45 hours of post license education in their first 180 days of licensure.How many hours of post-licensing education may be used?six monthsKaren is a Louisiana licensee. How long does she have to complete her post-licensing requirement?Submit proof of licensure in a state of reciprocity.Lily holds a real estate license in Mississippi and is looking to obtain a reciprocal license in Louisiana. Which of the following is a requirement she must meet?- Complete 20 hours of Louisiana pre-licensing education.- Provide a certified statement from the Mississippi licensing authority verifying she has a client database.- Submit proof of

licensure in a state of reciprocity.- There is no requirement.She is authorized to practice in Louisiana.brokersWhich of the following licensees are allowed to work independently in Louisiana without being sponsored?Meet most initial licensure application requirements to be licensed again A Louisiana licensee whose license has expired must

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Notify LREC and complete the applicable forms. Letisha feels she made the wrong decision when she chose to her sponsoring broker. What does she need to do to change broker sponsorship?150 hoursHow many classroom hours of pre-licensing education are required for someone to become a broker in Louisiana?sponsoring brokerTo practice real estate in Louisiana, licensees must be sponsored by a ______.Yes, he will.Clinton has always had an interest in real estate. He's helped a few friends determine the asking price for their properties, and now he's considering going into business doing this kind of work. Will Clinton need a Louisiana real estate license?Both Colorado and Louisiana's lawsJanice is a Colorado real estate broker who holds a reciprocal license in Louisiana. Which state's license laws must she obey?- Both Colorado and Louisiana's laws- Both Colorado and Louisiana's laws, but primarily Colorado laws- Only Colorado's as that's where her standard license was issued- Only Louisiana's as that's where her reciprocal license will be issued ExpiredIsabelle decided to take her career in a different direction and didn't renew her license when her renewal deadline came around. What is her license status?a sponsoring brokerWhat do you need to have before applying as a real estate salesperson in Louisiana?Complete the required amount of CE courses prescribed by the commission.Which of the following is one of the requirements necessary to reactivate an inactive Louisiana real estate license?- Complete 30 hours of pre-licensing courses.- Complete the required amount of CE courses prescribed by the commission.- Obtain a broker statement giving approval to reactivate the license.- Pass the state exam.180 daysLouisiana licensees must complete their required post-licensing education within how long after receiving their initial licenses?Give advice to a friend who is negotiating the purchase of a house.Jimbo doesn't yet have a real estate license. Which activity is he legally allowed to perform without one?- Give advice to a friend who is negotiating the purchase of a house.- List a friend or family member's home for sale for a fee.- Negotiate the sale of a house for two friends and receive a tip as thanks.- Receive payment for managing real estate.180 daysHow much time does the commission allow you to complete your post-licensing coursework?Zero hoursHow many hours of pre-licensing coursework are Louisiana reciprocal licensee applicants required to complete?45 hours within the first six months of licensure In Louisiana, what's the post-licensing education requirement for new licensees?

90 daysBefore you begin your real estate career, you must submit an Affidavit of Sponsorship Form (Part B) as proof that you have broker sponsorship. If you don't submit this, your license will remain inactive. How long do you have to submit the affidavit and verify you have a sponsoring broker after you pass your licensing exam?Be fully competent to transact business in a way that protects consumers' interests All Louisiana candidates for a real estate license must ____.- Be a notary- Be fully competent to transact business in a way that protects consumers' interests- Be recommended by a real estate professional- Have a reputation for punctuality Make a request to the LREC and submit all necessary forms A Louisiana licensee who chooses to change broker sponsorship must do what?SalespersonHolds an entry-level license and works under a licensed broker's supervision training opportunitiesBroker sponsorship is an important decision. What is something you should consider when making the decision?ask a lot of questionsYou should ______ before you commit to a broker to sponsor you.