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Donaldson LA RE Final Exam With 100% Correct And Verified Answers
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Donaldson LA RE Final Exam With 100% Correct And Verified Answers
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Donaldson LA RE Final Exam With 100%Correct And Verified Answers
Appeals of Louisiana Real Estate Commission findings are
reviewable by
Select one:
A. the Executive Director of the Commission
B. the Governor.
C. the 19th Judicial District Court.
D. the Attorney General of Louisiana. - Correct Answer-C. the 19th
Judicial District Court.
The Commission elects from its members a
Select one:
A. President.
B. Recording agent.
C. Executive Director.
D. Chairman. - Correct Answer-D. Chairman.
The Commission has the full power and authority by law to do
which of the following?
Select one:
A. Examine real estate records of licensees older than 5 years.
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,B. Imprison licensees for violation of the License Law.
C. Fine violators up to $2000.
D. Fine violators up to $5000. - Correct Answer-D. Fine violators
up to $5000.
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?
Select one:
A. The licensee must file an appeal within 60 days of the
Commission decision.
B. The licensee can list and sell during the appeal, but only if a
stay of enforcement is granted.
C. The licensee can only close any pending business during the
appeal process.
D. The licensee cannot list property during the appeal under any
condition. - Correct Answer-B. The licensee can list and sell
during the appeal, but only if a stay of enforcement is granted.
How much are Commission members compensated for attending
to Commission business?
Select one:
A. $75
B. $50 plus actual expenses
C. $50 including expenses
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, D. $0, this is a public service position - Correct Answer-B. $50
plus actual expenses
If a real estate sales license is not renewed within 3 months of
expiration, the licensee must:
Select one:
A. Pay the renewal fee, complete 12 hours of continuing
education, and pay late renewal penalties.
B. Re-apply as an initial applicant.
C. Pay the renewal fee and complete 12 hours of continuing
education.
D. Submit a letter of explanation, pay the renewal fee, and
complete 12 hours of continuing education. - Correct Answer-B.
Re-apply as an initial applicant.
A broker with a great deal of business needs help from sales
agents as soon as possible. He makes a deal with a license
applicant to go ahead and knock on doors and turn all leads over
to the broker. The broker suggests that any listings generated by
this system will be turned over to the salesperson when he gets
his license. Which of the following statements is true?
Select one:
A. This is legal since the new salesperson applicant is only
performing ministerial acts.
B. This is legal because no commissions will be paid until after
the salesperson receives a license.
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