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Practice Of Real EstateTrust_accountsMEDIUM

In Louisiana, money belonging to others comes into a licensee possession. Which statement is correct?

Correct Answer

A) Failure to properly disburse that money is a cause for discipline

La. R.S. 37:1455 lists failure to properly disburse money belonging to others as a disciplinary cause. Source basis: Louisiana Legislature official La. R.S. 37:1445, 37:1446, 37:1447, 37:1448, 37:1449, 37:1449.1, 37:1450, 37:1455, 37:1467, 37:1468, 37:1469, and 37:1470; checked 2026-04-30.

Answer Options
A
Failure to properly disburse that money is a cause for discipline
B
The conduct is acceptable if the transaction later closes successfully.
C
Only a written brokerage policy controls this situation.
D
The rule applies only to commercial transactions.

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Related Topics & Key Terms

Related Topics:

la.IIItrust_accounts

Key Terms:

louisianala.IIItrust_accountsfailure-disburse-money

Related Concepts

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