Louisiana License Law
A Louisiana real estate licensee must disclose their license status when:
AOnly when buying property as an investment
BBuying or selling property for themselves or in which they have an interest✓ Correct
COnly when representing a commercial buyer
DOnly when the property is listed on the MLS
Explanation
Louisiana licensees are required by law and ethics to disclose their licensed status whenever they are buying or selling property for themselves, or in which they have a personal or financial interest.
Related Louisiana Louisiana License Law Questions
- In Louisiana, a 'salesperson license upgrade' to a broker's license requires the salesperson to:
- A Louisiana salesperson who has passed the state exam must complete which step before engaging in any real estate activity?
- Under Louisiana License Law, the term 'associate broker' refers to a licensee who:
- In Louisiana, the doctrine of 'respondeat superior' holds a real estate broker responsible for:
- Under Louisiana License Law, a licensee who solicits a seller with a property listed with another broker (active listing) by suggesting they should cancel and relist with the soliciting licensee is engaging in:
- Under Louisiana License Law, a real estate agent who discovers during a transaction that they have a personal financial interest (e.g., as a co-owner) in the property being sold must:
- If a Louisiana real estate licensee is convicted of a crime involving fraud, the LREC may:
- In Louisiana, a real estate licensee acts as an 'independent contractor' of the broker. This means:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →