A Louisiana salesperson asks about a commissioner attends Commission business. What is the best answer?
Correct Answer
D) Compensation is limited to not more than fifty dollars a day, and two meetings on the same day do not create more than one day of compensation
La. R.S. 37:1433 caps member compensation at not more than $50 per day and bars more than one day of compensation for two meetings on the same day. Source basis: Louisiana Legislature official La. R.S. 37:1432, 37:1433, 37:1434, and 37:1435; LREC License Law page cross-check; checked 2026-04-30.
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Related Topics & Key Terms
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Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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