Under Louisiana license law, which of the following activities requires a person to hold a valid Louisiana real estate license?
Correct Answer
A) A licensed property manager collecting rents and negotiating leases on behalf of third-party property owners for compensation
Under La. R.S. 37:1430 et seq., performing real estate activities — including managing property, collecting rents, and negotiating leases on behalf of others for compensation — requires a valid Louisiana real estate license. Acting as a property manager for third-party owners for compensation is a licensed activity, and doing so without a license is a violation of Louisiana license law.
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Related Topics & Key Terms
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Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
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