US Real Estate Louisiana Advanced Test 1

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Louisiana Professional (Real Estate, USA) USA — Louisiana State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Louisiana.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Louisiana · Education: Professional (Adult) · Part: Real Estate — Louisiana · Country: USA · Region: USA — Louisiana

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is agency in real estate?

A) zoning

B) ownership

C) broker acting for a client

D) tenancy

Question 2

What is a listing agreement?

A) contract to sell a property

B) purchase offer

C) deed

D) lease

Question 3

What is earnest money?

A) buyer good-faith deposit

B) tax

C) fee

D) commission

Question 4

What is a fiduciary duty?

A) dual profit

B) profit first

C) secrecy from client

D) loyalty, obedience, care to client

Question 5

What is dual agency?

A) two brokers

B) no representation

C) buyer only

D) one broker representing both sides

Question 6

What is the Fair Housing Act?

A) bans housing discrimination

B) building code

C) tax law

D) zoning code

Question 7

What classes are protected in housing?

A) politics

B) income

C) age only

D) race, color, religion, sex, handicap, family, national origin

Question 8

What is redlining?

A) illegal denial by neighborhood

B) mapping

C) appraising

D) surveying

Question 9

What is steering?

A) negotiating

B) showing homes

C) advertising

D) guiding buyers by race (illegal)

Question 10

What is a CMA?

A) survey

B) comparative market analysis

C) inspection

D) appraisal

Question 11

What is an appraisal?

A) inspection

B) listing

C) offer

D) professional value opinion

Question 12

What are the three appraisal approaches?

A) offer, accept, record

B) list, sell, close

C) sales comparison, cost, income

D) show, stage, sell

Question 13

What is PITI?

A) a deed

B) a tax

C) a loan type

D) principal, interest, taxes, insurance

Question 14

What is LTV?

A) lease term value

B) land title verification

C) listing traffic volume

D) loan-to-value ratio

Question 15

What is PMI?

A) insurance for low down payments

B) property tax

C) flood insurance

D) title insurance

Question 16

What is escrow?

A) commission

B) neutral third-party holding

C) down payment

D) tax

Question 17

What is a deed?

A) offer

B) ownership transfer document

C) lease

D) loan paper

Question 18

What is a warranty deed?

A) option

B) quitclaim

C) guarantees clear title

D) lease

Question 19

What is a quitclaim deed?

A) lease

B) loan

C) full warranty

D) transfers whatever interest exists

Question 20

What is title insurance?

A) life insurance

B) home warranty

C) protects against title defects

D) flood policy

US Real Estate Louisiana Advanced Test 1

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