Pass Your Louisiana Broker Exam Without Having To Study Your Real Estate Books!
Over 50% of the exam candidates fail the actual exam because it is nothing like the exam you take in school, or the questions in your real estate books.
But imagine if you could get access to a database of practice quizzes and exams tied to over 1,000 exam style questions to help you pass both state and national!
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Try These Sample Questions From Our Database
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The S ½ of the NW ¼ of the NE ¼ of Section 11 was listed for sale at $350 per acre with the broker to get a 10% commission. The broker brought in an offer of $6,100 for the property. The owner said he would accept it if the buyer would pay the broker's commission based on 10% of the offered amount. If the buyer were to agree, the difference between the original price and the amount as paid by the buyer would be
Answer & Explanation
(1) Determine Listing Price
$350/Acre × 20 Acres* = $7,000
*S ½ of NW ¼ of the NE ¼ of Section 11
20 40 160 640
(2) Determine Buyer's Payment
$6,100 offer + **$610 Commission = 6,710
**10% × $6,100 Offer
(3) Determine difference
$7,000 (List Price) Less $6,710 (Accepted Price) = $ 290 Answer "A"
An agency contract can be created by all of these EXCEPT
A) an implied contract in law.
B) an oral contract.
C) appointment by the principal.
D) a voluntary offer by the agent.
Answer & Explanation
An offer is not a contract; it is an expression of willingness to enter into a contract. While the existence of agency is a question of fact and is not dependent on the existence of a contract, this question asks about an agency contract. A voluntary offer by the agent would not create an agency contract; the offer would have to be accepted in order for a contract to be created.
Here's What You Get!
Access to over 1,000 Exam Style Questions, Complete With Detailed Explanations
It's not enough to simply know what the correct answer is, the magic is in the explanation. That's why we provide you with a detailed explanation for each and every questions on all practice quizzes and exams in our database. You can also rest assured that you are studying the right material that has been updated to reflect the current exam. We recommend that you study the database until you are getting 90% or better on all practice quizzes and exams.
Questions Are Randomly Pulled From The Database So You Never Have The Same Quiz or Exam Twice
We want to make sure that you are challenged in a way that will serve you well on the actual exam. That's why we randomly generate questions on each and every quiz and exam. We also randomize the answer choices as well on the questions so that you are really tested. Doing this makes it a little trickier, but it's best to prepare the right way, because the state exam is very tricky too.
Unlimited Retries On All Quizzes & Practice Exams
We need you to get at least 90% or better before you are ready to conquer the state exam. That's why we give you unlimited re-takes on all quizzes and exams.
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You get immediate online access to our database for a total of 3 months. Login and study as much as you like, 24 hours a day, 7 days a week right from the comfort of your home, office, or on the go. Use your PC or MAC, or any other Android or Apple laptop, tablet, or phone to get easy access. All you need is an internet connection, and you are ready to go.
Be Ready To Pass In Only 15 to 20 Hours of Prep Time
When you have the right material, it doesn't take long to get prepared for the state exam.
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