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LA 90-Hour Course Exam Prep: Louisiana Real Estate Commission, License Law, and Agency Exam Questions and Answers $11.49   Add to cart
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LA 90-Hour Course Exam Prep: Louisiana Real Estate Commission, License Law, and Agency Exam Questions and Answers
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LA 90-Hour Course Exam Prep: Louisiana Real Estate Commission, License Law, and Agency Exam Questions and Answers Louisiana Real Estate Commission (LREC) - ANSWER-Regulates real estate licensing and education and protects the public through regulation, examination, and licensing LREC membershi...

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  • November 4, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • la 90 hour course exam prep louisiana real estate

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  • Real Estate
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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




LA 90-Hour Course Exam Prep: Louisiana Real

Estate Commission, License Law, and Agency

Exam Questions and Answers


Louisiana Real Estate Commission (LREC) - ANSWER✔✔-Regulates real estate licensing and education

and protects the public through regulation, examination, and licensing


LREC membership - ANSWER✔✔-11 members who have been actively licensed as brokers for at least five

years and are Louisiana citizens and qualified state electors; appointed by the governor and serve one

six-year term


Duties and Powers of the LREC - ANSWER✔✔-Issue, suspend, or revoke licenses; investigate consumer

complaints; and hold disciplinary hearings and issue penalties


Louisiana Real Estate Recovery Fund - ANSWER✔✔-Provides reimbursement to people who suffer

monetary damages as a result of any license law violations


Louisiana Real Estate Research and Education Fund - ANSWER✔✔-Supports and promotes the real estate

profession, institutes real estate chairpersons, and develops real estate-related research projects


Common license law violations - ANSWER✔✔-Acting without a license, demonstrating

untrustworthiness, dishonesty, falsifying paperwork, and disclosure violations


Adjudicatory hearing - ANSWER✔✔-A hearing the LREC may hold to determine if the evidence

discovered in an investigation against a licensee is true or false



Copyright ©Stuvia International BV 2010-2024 Page 1/6

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Number of members needed for a quorum - ANSWER✔✔-Six


Nineteenth Judicial District Court - ANSWER✔✔-Court of appeals for any commission decision following

an adjudicatory hearing


Louisiana license types - ANSWER✔✔-Salesperson and broker


Louisiana licensee designations - ANSWER✔✔-Salesperson, associate broker, and broker


License applicant requirements - ANSWER✔✔-18 years of age or older, have a high school diploma or

equivalent, be a U.S. citizen or a legal alien/permanent resident, submit to a background check, pass the

licensing exam, carry errors and omissions (E&O) insurance, and pay the licensing fees


Real estate license statuses in Louisiana - ANSWER✔✔-Active, inactive (voluntary or involuntary),

suspended, or revoked


Benefits of broker sponsorship - ANSWER✔✔-Training, shared costs, administrative support, brand

recognition, and professional surroundings


Louisiana states of reciprocity - ANSWER✔✔-Alabama, Arkansas, Colorado, Georgia, Mississippi, North

Carolina, Oklahoma, Pennsylvania, and Tennessee


Louisiana post-licensing requirements - ANSWER✔✔-45 hours of PLE within 180 days of initial licensing

date


Louisiana continuing education requirements - ANSWER✔✔-12 hours each year, including four hours in

LREC's designated mandatory topic for the year




Copyright ©Stuvia International BV 2010-2024 Page 2/6

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