Real Estate State Portion Practice Exam (Louisiana) Terms in this set (50) Save one month A Farm Lease that has expired is presumed to been continued for another year if the tenant holds over
without opposition for:
one month A Lessor must return a deposit to the lessee or provide an itemized statement of the reason for
retention of all or part of the deposit within:
Redhibition The avoidance of a sale on account of some vice or
defect in the thing sold is called:
VendorThe seller is called the FHA, VA, Loans covered by Louisiana Consumer Credit Law, Loans for commercial or business purpose, loans to corporations or partnerships Which of the following types of loans are exempt from the Louisiana usury law Vendors Privilege A right granted to a seller for the unpaid sales price is called the community property A system of principles and rules governing the ownership and management of the property of married persons or between themselves and toward
third persons is called: 1 / 2
every page A broker must include his name, office address and license jurisdiction in all advertising on a website. At a minimum, the information must appear on at least qualifying broker The broker that is the representative of a corporation or partnership in all matters relating to its real estate activities is the irrevocable during that time An offer that specifies a time for acceptance Must be provided to all prospective sells/buyers at first face to face contact, should be signed and dated by client and kept by the licensee for 5 years, if the client refuses to sign it, the licensee must write the time, date and reason for refusal, sign it, and retain the refusal for 5 years Which of the following is true regarding the Agency Disclosure Informational Pamphlet?the month and year it was printed All printed ads for the sale of residential real estate must include public thing In Louisiana property law, how would you define a public park?must be approved by the sponsoring broker Advertising by an Associate Broker 5 Each member of the commission shall have been actively engaged in the real estate business as a broker for how many years next preceding the date appointment 5 How many members of the commission shall constitute a quorum for all business
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