Louisiana real - Study guides, Class notes & Summaries

When a licensee is appointed to represent two clients in the same transaction, for example, the buyer and the seller, this is called: - Dual agency When a broker determines that a dispute exists regarding the funds held on deposit in an escrow account, the broker must - Notify all parties of the dispute Which of the following statements is NOT true regarding an individual real estate broker? - The individual broker may be licensed as a qualifying broker for one corporation only No associat...

Louisiana Real Estate Practice Exams (National) Verified Answers A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This permits the lender to: ️demand immediate payment of the entire note A broker has brought a ready, willing, and able buyer to a seller. In MOST listing contracts, the broker has earned his commission when: ️the seller accepts the offer A broker has signed a listing contract for the sale of a home. Which of the following could m...

Louisiana Real Estate Exam Correct Questions & Answers(RATED A)

Louisiana Real Estate - State Portion License Exam Questions And Answers Solved 100% Correct!

Louisiana Real Estate Practice Exams (National) Questions And Answers With Absolute Solutions

Louisiana Real Estate Exam Questions With 100% Verified Answers. An applicant for a real estate license may continue to attempt to pass the licensing exam for a period of - answer1 year In Louisiana, sub agency is - answerAllowed only by a contractual agreement No associate broker or salesperson license may be renewed until - answerThe license of their sponsoring broker has been renewed All written offers to purchase real estate should be presented - answerImmediately Corporate, limited ...

a person who holds a broker's license, and who is exclusively affiliated with, and sponsored by, another licensed real estate broker to participate in any activity described in this section - Associate broker an agreement whereby one party, the franchisor, authorizes a real estate broker, the franchisee, to use registered trademarks or other advertising tools to create a common identity among several brokers nationally, or regionally, for marketing purposes - Franchise agreement an indiv...

A seller tells the listing agent that her home was treated for termites 10 years ago, so there are no termites now. Before listing the property, the agent should: - tell the seller to disclose the termite treatment on the property disclosure Legal descriptions using the government survey system are NOT generally used in: - the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic...

Primary Purpose of Louisiana License Law is to - Protect the public The LA Real Estate Commission consists of - 11 (eleven) members To confirm commission appointments, the Governor must submit names to - The Senate Real Estate Commission members serve - 6 (six) year terms Members of The LA Real Estate Commission must be - Qualified electors of the State of LA Citizens of the State of LA In business as a Broker for at least 5 years How many members of the commission constitute a Quorum? - ...