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Real Estate Salesperson Exam — National Portion

Agreements (LA): practice questions

Our Real Estate (National) bank has 6 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Louisiana

Under Act 807 of 2026, a seller who signs a residential wholesaling contract may cancel without penalty for at least how long?

  1. Seventy-two hours
  2. Five calendar days
  3. Ten calendar days
  4. Three business days
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B. Five calendar days — La. R.S. 37:1448.5(C)(1), enacted by Acts 2026, No. 807 (in effect Aug. 1, 2026).

Question 2 · Louisiana

May a Louisiana broker enter into a net listing to sell a single-family home?

  1. Yes, if the seller signs a separate net listing disclosure
  2. No; net listings for residential property or land are unlawful
  3. Only when the property is sold without the use of an MLS
  4. Yes, but only if the broker's profit is capped at ten percent
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B. No; net listings for residential property or land are unlawful — La. R.S. 37:1448.3.

Question 3 · Louisiana

A seller refuses to sign a rejected written offer. What must the presenting licensee do?

  1. Hold the offer open until the seller agrees to sign it
  2. Destroy the offer and notify the buyer by telephone
  3. Report the seller to the commission within ten days
  4. Note the time and date of the rejection on the offer
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D. Note the time and date of the rejection on the offer — LAC 46:LXVII.3907(A).

Question 4 · Louisiana

What must a Louisiana buyer agreement for the purchase of a home include?

  1. A list of every property the buyer intends to tour
  2. A statement that the seller will pay all of the broker's fee
  3. A minimum term of six months and a written early-exit fee
  4. The amount of broker compensation or how it will be calculated
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D. The amount of broker compensation or how it will be calculated — La. R.S. 37:1448.4(A)(2).

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