Louisiana Real Estate Salesperson Exam — All Questions
10 questions
How many hours of approved pre-license education must a Louisiana salesperson applicant complete before the licensing exam?
- a.45 hours
- b.90 hours✓
- c.150 hours
- d.180 hours
Louisiana requires 90 clock hours of Commission-approved pre-license education to qualify for the salesperson examination. After initial licensure, Louisiana also requires a post-license education course to be completed within a set period following licensure.
When must a newly licensed Louisiana salesperson finish the forty-five hours of post-license education?
- a.Within one hundred eighty days after the initial license date✓
- b.Before the license itself is issued by the commission
- c.Within one calendar year of the initial license date
- d.Before the first annual renewal, whenever that happens to fall
Every person obtaining an initial salesperson or broker license must complete forty-five post-license education hours within one hundred eighty days after the initial license date, in subjects the commission requires such as law and rule changes, finance, and the handling of funds. Those hours may satisfy eight of the twelve annual continuing education hours but never the mandatory topics. Cite: La. R.S. 37:1437(C)(4)(b); LAC 46:LXVII.907(B).
How much continuing education must an active Louisiana licensee complete each year, and how much of it does the commission dictate?
- a.Twelve hours, all of which the licensee is free to choose
- b.Sixteen hours, at least eight of them in mandatory topics
- c.Eight hours, at least two of them in mandatory topics
- d.Twelve hours, at least four of them in mandatory topics✓
Regardless of initial license date, an individual broker or salesperson must furnish proof of twelve hours of continuing education per year, and a minimum of four of those hours must be in subjects specified by the commission. The commission may not allow a licensee to complete fewer than twelve hours, and failing to complete them on time is itself a violation of the license law. Cite: La. R.S. 37:1437(C)(5)(a); LAC 46:LXVII.907(A).
Apart from coursework, what licensing experience does Louisiana demand of an applicant for an initial individual broker license?
- a.Two years licensed, one of them immediately before applying
- b.Four years licensed, two of them immediately before applying✓
- c.Three years licensed at any point in the previous ten years
- d.Five years licensed, three of them immediately before applying
An applicant for an initial individual real estate broker license must have first been licensed for four years, with two of the four occurring immediately preceding submission of the broker application, and must show completion of at least one hundred fifty hours of approved real estate instruction, of which at least thirty hours emphasize broker responsibilities. Cite: La. R.S. 37:1437(C)(1)(a) and (b); LAC 46:LXVII.305(A)(5).
Louisiana requires that at least thirty of an applicant's pre-license classroom hours cover which subjects?
- a.Federal fair housing, RESPA, and Truth in Lending
- b.Appraisal method, real estate finance, and closing statements
- c.Louisiana license law, commission rules, and Louisiana civil law as it relates to real estate✓
- d.Property management, leasing, and trust account reconciliation
Every applicant for a Louisiana real estate license must provide proof of at least thirty classroom hours of pre-license instruction that includes the Louisiana Real Estate License Law, the rules and regulations of the commission, and Louisiana civil law as it relates to real estate, plus any other hours the commission deems necessary. Cite: LAC 46:LXVII.305(A)(1)(c).
A Louisiana real estate license runs for one year. When must it be renewed, and when does it expire?
- a.Renew by December 31; it expires the following March 31
- b.Renew by June 30; it expires the following September 30
- c.Renew on the anniversary of issuance; it expires that same day
- d.Renew by September 30; it expires December 31✓
Each license is effective for one year, must be renewed timely on or before September thirtieth annually, and expires on December thirty-first. A licensee who misses September thirtieth may still renew delinquently, with the delinquent fee, through December thirty-first; after that the renewal right is forfeited and the person must apply again as an initial applicant. Cite: La. R.S. 37:1442(A) and (B); LAC 46:LXVII.901(C).
A Louisiana salesperson applicant passes the examination but files no Affidavit of Sponsorship within ninety days. What does the commission do?
- a.Issue an inactive license✓
- b.Void the exam score
- c.Deny the application and keep the fees
- d.Give the applicant a further year to find a sponsoring broker
The Affidavit of Sponsorship Form (Part B) may accompany the initial application but must arrive no later than ninety days after the applicant passes the license examination. If it does not, an inactive license is issued and the applicant is then governed by the rules for inactive licensees; an active license follows only when the prescribed Transfer to Active Status Form is received. Cite: LAC 46:LXVII.303(B) and (C).
A Louisiana applicant passes the national portion of the license examination but fails the state portion. What is required of him?
- a.Retake both portions at the next available examination date
- b.Retake the state portion within thirty days or lose both scores
- c.Retake the state portion only; the passed score stands one year✓
- d.Submit an entirely new application before retaking either portion
An applicant who does not pass both portions of the examination retakes the failed portion only, and the score on the passed portion remains valid for one year, after which that portion must be retaken as well. A separate rule gives the examination authorization itself a one-year life. Cite: LAC 46:LXVII.507(A) and (B); LAC 46:LXVII.501(A).
What must a non-resident applying for a Louisiana license under a reciprocal agreement file with the commission?
- a.A surety bond made payable to the state of Louisiana
- b.An irrevocable appointment of the executive director as agent for service of process✓
- c.Proof of a Louisiana business address kept open year-round
- d.A certificate of good standing from every state where he has been licensed
A resident of a state that has a reciprocal agreement with the commission is granted an equivalent non-resident license on proof of licensure in his home state, payment of the fees charged for the equivalent Louisiana resident license, and the filing of an irrevocable appointment of the executive director as his agent for service of process in all matters arising out of his Louisiana real estate activity. Cite: LAC 46:LXVII.4903(A).
Louisiana mandates errors and omissions coverage for its licensees. Which licensees may renew without carrying it?
- a.Those whose broker carries a firm-wide policy
- b.Those in the first year after initial licensure
- c.Those who have never had a complaint filed against them
- d.Those renewing in the inactive status✓
All active licensees must carry errors and omissions insurance covering the activities contemplated by the license law. The commission makes a group policy available, but a licensee may obtain independent coverage that meets the commission's minimum requirements and file a verification form with the annual renewal. Active licensees applying for inactive status, and licensees renewing while inactive, may do so without the coverage. Cite: La. R.S. 37:1466(A), (D), (F), and (G).