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Louisiana Real Estate Exam – 2022🏠 (60 Questions with Explained Answers)

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Louisiana Real Estate Exam – 2022🏠 (60 Questions with Explained Answers)

In order to conduct real estate activities in Louisiana, you must have a Louisiana Real Estate Broker license.

The Louisiana Real Estate Salesperson Exam is split into two parts. The first part is the real estate salesperson national exam and the second part is the real estate salesperson state-specific exam. The national portion of the Louisiana Real Estate salesperson exam is comprised of 80 questions. In order to pass the exam, an examinee must answer 56 out of the 80 questions correct to pass. The time limit allowed to complete the Real Estate Salesperson National Portion is 105 minutes.

The state-specific part of the Louisiana Real Estate Salesperson Exam is comprised of 55 questions and an examinee must answer 40 questions correctly to pass. The time limit allowed for the state-specific part of the Louisiana Real Estate Salesperson Exam is 75 minutes.

In Louisiana, if you pass one part of the Real Estate Salesperson Exam you are permitted to take and pass a subsequent part at a later date. Keep in mind that there is a 90-day time limit in order to retake one or both parts of the exam without having to submit another application and without having to pay another application fee. There is a 15 dollar retake fee that needs to be paid to the Louisiana Real Estate Commission in order to obtain a retake authorization before contacting PSI exams.

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The Louisiana real estate salesperson exams are taken by computer and you will receive your results immediately after finishing the exam. The exam is closed book.

The fee to take the Louisiana real estate salesperson exam is 75 dollars whether you take one or both parts of the exam. The retake fee is also 75 dollars whether you take one or both parts of the exam.

This Louisiana Real Estate Exam 2022 will cover many of the following topics such as:
The real estate business
License Law and Qualifications for Licensure
Real Estate License Law and Commission Rules
Authorized Relationships, Duties, and Disclosures
Real Estate Brokerage Activities and Procedures
Violations of License Law, Penalties, and Procedures
Federal and State Laws Pertaining to Real Estate
Property Rights: Estates, Tenancies; Condominiums, Cooperatives, Community Development Districts, Homeowner Associations, and Time-Sharing
Titles, Deeds, and Ownership Restrictions
Legal Descriptions
Real Estate Contracts
Residential Mortgages
Real Estate Related Computations and Closing of Transactions
Real Estate Markets and Analysis
Real Estate Appraisal
Real Estate Investments and Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning and Zoning
Brokers exam contents:
Real Estate Brokerage Business
Valuing Real Property
Listing and Selling Real Property
Contracts
Financing
Closing Transactions
Federal Income Tax Laws
Investment
Zoning and Planning
Environmental Issues
Property Management
The Real Estate Market

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