Louisiana License Law
A Louisiana licensee may pay a referral fee to a non-licensee if:
AThe non-licensee helped find a buyer
BIn most circumstances, this is prohibited — referral fees may only be paid to licensed individuals or exempt entities✓ Correct
CThe non-licensee signs a waiver form
DThe amount is less than $500
Explanation
Louisiana License Law generally prohibits paying referral fees, finder's fees, or other compensation to unlicensed persons for referring real estate business. Compensation for real estate activities requires a license.
Related Louisiana Louisiana License Law Questions
- A Louisiana salesperson who has passed the state exam must complete which step before engaging in any real estate activity?
- In Louisiana, the abbreviation 'REALTOR®' may be used by:
- In Louisiana, an 'associate broker' license differs from a 'broker' license in that an associate broker:
- Under Louisiana License Law, 'net listing agreements' (where the broker's commission is everything above a set minimum price) are:
- Under Louisiana License Law, a licensee must retain transaction records for a minimum of:
- How many members serve on the Louisiana Real Estate Commission?
- In Louisiana, a real estate licensee acts as an 'independent contractor' of the broker. This means:
- Which state agency regulates real estate licenses in Louisiana?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →