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The CE Shop State Exam Practice Questions and Answers
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The CE Shop State Exam PracticeQuestions and Answers
In Louisiana, _____ means that possession of part of an immovable by title
equals possession of the entire immovable. - -Constructive possession
-Which type of Louisiana deed contains the most promises to ensure the
buyer is getting what was guaranteed? - -Warranty deed
-Which of the following is FALSE about general partnerships in Louisiana? - -
They own immovables via co-ownership.
-What are suit for specific performance, suit for damages, and acceptance of
liquidated damages? - -Options a wronged party has to remedy a breach of
contract
-In Louisiana, a legal relationship in which the obligor becomes bound to
perform in the obligee's favor is known as ______. - -An obligation
-Aside from your name, your broker's name, and the city and state where
your brokerage is located, what else must be included on every page of your
website according to Louisiana license law guidelines? - -The regulatory
jurisdiction in which your brokerage is licensed
-Is dual agency legal in Louisiana? - -Yes, with written consent
-Which of the following statements best describes an involuntary privilege? -
-A privilege created without a property owner's consent
-Which of the following Louisiana contracts is an example of an accessory
contract? - -A mortgage
-In an addendum to the purchase and sale contract, the seller agrees to
paint the house before conveying the house to the buyer. The weather
changes, and the seller is unable to finish painting the house before closing.
Of what is this an example? - -Partial performance
-Jade purchases a house in Louisiana and puts down a deposit of $5,000. Is
this an earnest money contract? - -If the deposit is earmarked as "earnest
money" in the contract, then it's an earnest money contract. Otherwise, it
isn't.
-Shannon just helped Linda sell her property. When the agency relationship
between Shannon and Linda terminates, can Shannon disclose confidential
, information that Shannon learned while Linda was her client? - -No, because
an agent's duty of confidentiality never ends.
-If a Louisiana seller is in breach of contract under an earnest money
contract in which the buyer put down $5,000 in earnest money, which of the
following is the possible remedy for the buyer? - -The buyer can have the
$5,000 earnest money returned, and receive $5,000 from the seller.
-In a real estate transaction, which of the following is established when the
parties enter into an agreement voluntarily with a full understanding of the
contract terms? - -Consent
-Full authority to use, enjoy, and dispose of a thing is the right of _____. - -
Ownership
-Daniel had a great experience with his apartment and landlord until about
three months ago, when the plumbing in the unit above started leaking into
his apartment. The landlord keeps saying he'll fix it but hasn't, and now
Daniel has mold growing on two walls. Daniel is moving out before his lease
has expired. What does this scenario describe? - -Constructive eviction
-Which of the following statements is true for sub-contractors in Louisiana? -
-Their deadline for filing a mechanic's privilege varies based on whether a
notice of contract was filed.
-Louise has stayed in her rented apartment six weeks beyond the end of her
lease, which was month to month. Her landlord, Paul, has not made any
objections. Which of the following actions can Paul legally take? - -Ask her to
leave after providing her with seven days' notice.
-In what situation does homestead debt protection cover the entire value of
the homestead? - -Debts from a catastrophe, injury, or terminal illness
-Which deed warranty assures that there are no other claims or liens against
the title, other than those in the public record or the deed itself? - -
Undeclared, non-apparent servitudes
-______ means that your client is saying, "You acted as my agent without
authority; now, here's your authority." - -Ratification
-Eileen entered into a contract to buy Peter's home. The contract specified
that Peter must leave the refrigerator with the home, and he must replace
the roof before closing. During the pre-closing walk-through, Eileen
confirmed the house had a nice new roof, but also found that Peter took the
refrigerator with him. Eileen decided she didn't want the refrigerator that
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