Louisiana License Law
Louisiana real estate licensees must complete their initial 45-hour post-licensing education within:
A6 months of obtaining their salesperson license
B180 days (approximately 6 months) of initial licensure
CThe first full license renewal cycle (typically 2 years)✓ Correct
D12 months of obtaining their salesperson license
Explanation
Louisiana requires newly licensed salespersons to complete 45 hours of post-licensing education during their first renewal cycle. The timing aligns with the renewal period, which provides approximately 2 years for completion after initial licensure.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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