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Louisiana Real Estate Salesperson — Requirements & Free Practice

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Real Estate Salesperson License

Louisiana real estate salesperson license, with approved education and a licensing examination required under the standard initial pathway.

Licensing authority: Louisiana Real Estate Commission · Application information

Delinquent renewal of active salesperson license
No examination is required for this applicant pathway.
Course Assessment
Any course-content assessment needed to earn education credit is an applicant condition, not an identified registered licensing exam.
Education
Complete 12 approved annual CE hours, including at least four mandatory-topic hours; 45 post-license hours within 180 days for initial licensees may satisfy no more than eight annual hours and cannot replace mandatory topics.
Renewal Deadline
Submit complete application and fees after September 30 but no later than December 31; applicable delinquent fees are additional.
Sponsorship
An active salesperson renewal is not issued before the sponsoring broker’s renewal; practice is prohibited if the sponsor does not renew.
Status
Existing active salesperson license.

Official no-examination sources

Effective from 2026-09-22.

Annual timely renewal of active salesperson license
No examination is required for this applicant pathway.
Course Assessment
Any course-content assessment needed to earn education credit is an applicant condition, not an identified registered licensing exam.
Education
Complete 12 approved annual CE hours, including at least four mandatory-topic hours; 45 post-license hours within 180 days for initial licensees may satisfy no more than eight annual hours and cannot replace mandatory topics.
Renewal Deadline
Submit complete application and fees by September 30; license expires December 31.
Sponsorship
An active salesperson renewal is not issued before the sponsoring broker’s renewal; practice is prohibited if the sponsor does not renew.
Status
Existing active salesperson license.

Official no-examination sources

Effective from 2026-09-22.

Licensure by endorsement under the Welcome Home Act
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Current License
Current valid license with similar scope, held for at least one year, issued on examination or education/training/experience standards.
Fees
Pay applicable Louisiana fees and complete LREC application procedures.
Good Standing
Good standing in the previous jurisdiction; no disqualifying criminal record.
Pending Discipline
Pending discipline or investigation delays issuance or denial until resolved or criteria otherwise met to the LREC’s satisfaction.
Postlicense Education
Complete 45-hour postlicensing education after issuance.
Residency
Live in Louisiana and prove residency by state identification, voter registration, homestead exemption, or current in-state employment/notarized employment promise. Employment-based proof requires another listed residency proof six months after issuance.
Initial reapplication after expiration after the following calendar year
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Education Exception
The special education exception in La. R.S. 37:1442(B)(2) is limited to the following calendar year; satisfy ordinary initial education requirements for this later application.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Expired License
Failed to renew by December 31 and forfeited renewal rights; must apply as an initial applicant and satisfy initial requirements.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Minimum Age
At least 18 years old.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
School Education
High school diploma or equivalency certificate.
Sponsorship
Active issuance requires a sponsoring licensed broker and proof of errors and omissions insurance.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Initial reapplication after expiration within the following calendar year
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Education Exception
If reapplication is by December 31 of the year following expiration, the 90 pre-license hours and 45 post-license hours need not be repeated.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Expired License
Failed to renew by December 31 and forfeited renewal rights; must apply as an initial applicant and satisfy initial requirements.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Minimum Age
At least 18 years old.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
School Education
High school diploma or equivalency certificate.
Sponsorship
Active issuance requires a sponsoring licensed broker and proof of errors and omissions insurance.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Delinquent renewal of inactive salesperson license
No examination is required for this applicant pathway.
Course Assessment
Any course-content assessment needed to earn education credit is an applicant condition, not an identified registered licensing exam.
Education
No annual CE required for inactive renewal.
Renewal Deadline
Submit complete application and fees after September 30 but no later than December 31; applicable delinquent fees are additional.
Sponsorship
An active salesperson renewal is not issued before the sponsoring broker’s renewal; practice is prohibited if the sponsor does not renew.
Status
Existing inactive salesperson license.

Official no-examination sources

Effective from 2026-09-22.

Annual timely renewal of inactive salesperson license
No examination is required for this applicant pathway.
Course Assessment
Any course-content assessment needed to earn education credit is an applicant condition, not an identified registered licensing exam.
Education
No annual CE required for inactive renewal.
Renewal Deadline
Submit complete application and fees by September 30; license expires December 31.
Sponsorship
An active salesperson renewal is not issued before the sponsoring broker’s renewal; practice is prohibited if the sponsor does not renew.
Status
Existing inactive salesperson license.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Minimum Age
At least 18 years old.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
School Education
High school diploma or equivalency certificate.
Sponsorship
Active issuance requires a sponsoring licensed broker and proof of errors and omissions insurance.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Initial examination licensure in inactive status without timely sponsorship
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Minimum Age
At least 18 years old.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
School Education
High school diploma or equivalency certificate.
Sponsorship
If the sponsorship affidavit is not received within 90 days after passing, an inactive license is issued; practice is prohibited until transfer to active status.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Military licensure by endorsement based on three years of unlicensed occupation experience
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Have worked at least three years in an occupation not licensed or government-certified in the prior jurisdiction, with a similar Louisiana scope as determined by the Commission.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.
Military licensure by endorsement based on prior occupational license
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Hold a current valid occupational license with similar scope for at least one year; have met the prior jurisdiction’s examination or education/training/experience standards; be in good standing and have no disqualifying criminal record.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.
Military licensure by endorsement based on private certification and two years of experience
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Have worked at least two years in an occupation not licensed or government-certified in the prior jurisdiction, hold current valid private certification, and be in good standing with that certification organization.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.
Military service renewal, continuation and restoration of an existing license
No examination is required for this applicant pathway.
Board Renewal Waiver
LAC 46:LXVII.4701 allows qualifying inducted or out-of-state transferred military licensees and spouses to renew without penalty on honorable-service evidence and application within six months after discharge.
Fee And Education Relief
The Board may exempt renewal/reinstatement fees and CE during service; exemption does not apply in the year of release/discharge. Where federal minimum standards do not control, continued force requires fees and education within 180 days of release/discharge.
Military Service
Eligible uniformed-service or National Guard licensee, or spouse relocated with the service member on qualifying overseas active duty, supplies deployment/relocation evidence before expiration.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure with credit for military education, training or experience
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Military Credit
The Commission may wholly or partly satisfy education, training or experience requirements on evidence of comparable armed-forces education, training or experience.
Minimum Age
At least 18 years old.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
Priority Processing
Military member or spouse applicants receive priority processing on proof by current military ID or DD Form 214.
School Education
High school diploma or equivalency certificate.
Sponsorship
Active issuance requires a sponsoring licensed broker and proof of errors and omissions insurance.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Initial licensure for a previously or currently licensed applicant outside reciprocity or endorsement
Application
Submit prescribed application and fees; satisfy fingerprint criminal-history review and suitability requirements.
Authorization
Commission examination authorization is valid for one year.
Exam Score Validity
A passed portion remains valid for one year. Only the failed portion is retaken during that period; both portions must be passed within the applicable period.
Fair Housing Statement
Sworn statement of knowledge and understanding of the Fair Housing Act and Louisiana Equal Housing Opportunity Act under La. R.S. 37:1437(D).
Minimum Age
At least 18 years old.
National Waiver
The Commission may substitute examination results from another jurisdiction for the national examination if an equivalent examination was passed within five years and the real estate license has not expired; a waiver excuses sitting the national examination. Other jurisdictions’ own examinations are prior qualifications, not Louisiana leaves.
Postlicense Education
45 hours within 180 days after initial issuance; permitted CE credit does not replace the mandatory annual topic.
Prelicense Education
90 hours of LREC-approved real estate coursework; satisfactory completion includes passage of a course-content examination, which is an education condition rather than a registered licensing examination.
Prior License
Provide certified license history from each jurisdiction of current or previous licensing and obtain education/examination review before initial application.
School Education
High school diploma or equivalency certificate.
Sponsorship
Active issuance requires a sponsoring licensed broker and proof of errors and omissions insurance.
State Education
At least 30 hours cover Louisiana license law, Commission rules, agency and civil law; education equivalency is subject to Commission review.
Transfer a current inactive salesperson license to active status
No examination is required for this applicant pathway.
Application
Submit prescribed transfer form, fees and proof of applicable continuing education.
Board Implementation
LAC 46:LXVII.1507(E) states a 45-hour post-license substitution for one to five inactive years, or 45 post-license plus at least 35 CE hours for more than five years; more than one year inactive requires four-hour Louisiana law/rules course within the preceding year. The statute controls the mandatory education schedule; this implementing rule is retained as what the Board states.
Course Assessment
Any required course-content examination is an educational completion condition rather than a registered licensing exam.
Current License
Inactive license must be current when LREC receives the request; provide sponsoring broker and errors and omissions insurance.
Statutory Education
La. R.S. 37:1437.3(E): less than one year inactive requires previous year’s 12 hours; one to less than three years requires 20 hours; three to less than five years requires 40 hours; five or more years requires no more than 80 hours within the previous five years. The statutory four-hour Louisiana law/rules course and its one-year timing apply where specified; annual CE maintained during inactivity may be cumulated.

Official no-examination sources

Effective from 2026-09-22.

Equivalent nonresident salesperson licensure by reciprocity
No examination is required for this applicant pathway.
Application
Submit application, applicable fees, fingerprint background review, sponsorship affidavit and errors and omissions insurance.
License History
Supply sufficient proof of resident licensing and certified histories of current and previous real estate licenses.
Residence Maintenance
Maintain residence in the reciprocal jurisdiction to retain reciprocal status; moving triggers Louisiana continuing-education compliance.
Resident License
Applicant must reside in a jurisdiction with an effective LREC reciprocal agreement and hold its equivalent current salesperson license; a Louisiana resident of no more than 90 days may be considered nonresident at Commission discretion.
Service Of Process
Irrevocably appoint the LREC executive director as service-of-process agent for Louisiana real estate activities.

Official no-examination sources

Effective from 2026-09-22.

Transfer an existing salesperson license to a new sponsoring broker
No examination is required for this applicant pathway.
Application
Submit prescribed sponsorship termination and transfer forms with applicable fees.
Practice
No real estate practice after sponsorship termination until new sponsorship and lawful authorization; observe the five-calendar-day notification requirement.

Official no-examination sources

Effective from 2026-09-22.

Transfer an existing salesperson license to inactive status
No examination is required for this applicant pathway.
Application
Submit prescribed transfer application and applicable fee.
Current License
Existing license in good standing; transfer request received before expiration.
Education
Applicable education need not be completed to transfer to inactive status.
Practice
No licensed real estate activity while inactive; renew annually.

Official no-examination sources

Effective from 2026-09-22.

Permit Pending Normal License

Military applicant permit pending normal licensure under La. R.S. 37:3651; permanent application is simultaneous and the permit terminates if permanent eligibility fails.

Licensing authority: Louisiana Real Estate Commission · Application information

Military permit pending normal licensure based on three years of unlicensed occupation experience
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Have worked at least three years in an occupation not licensed or government-certified in the prior jurisdiction, with a similar Louisiana scope as determined by the Commission.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.
Military permit pending normal licensure based on prior occupational license
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Hold a current valid occupational license with similar scope for at least one year; have met the prior jurisdiction’s examination or education/training/experience standards; be in good standing and have no disqualifying criminal record.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.
Military permit pending normal licensure based on private certification and two years of experience
Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination
Discipline
No occupational revocation or surrender for negligence or intentional misconduct; pending unprofessional-conduct or criminal complaint, allegation or investigation defers issuance or denial until resolved or eligibility otherwise established.
Exclusions
Dishonorable-discharge exclusions and subsection Q exclusions apply. Covered dependents meet subsection O age, residency, student-dependency or disability criteria.
Military Eligibility
Meet the applicable military member, Department of Defense civilian employee, spouse or dependent criteria in La. R.S. 37:3651(A), (B) or (C); applicable assignment, change-of-station or legal-residence requirements must be established.
Permanent Application
Pay applicable fees and simultaneously apply for permanent licensure; any permit automatically terminates if the vetted permanent application fails.
Prior Qualification
Have worked at least two years in an occupation not licensed or government-certified in the prior jurisdiction, hold current valid private certification, and be in good standing with that certification organization.
Processing
Board decision within 30 calendar days after application; LREC places identified military member or spouse applications on priority processing.
State Examination Discretion
La. R.S. 37:3651(E) permits the Commission to require its state-law jurisprudential examination. The Louisiana salesperson state-law examination is retained; individual imposition or waiver is determined by the Commission.

Louisiana Real Estate Salesperson Licensing Examination — State-Specific Examination

Provider
Pearson VUE
Format
Computer-based scored questions
Exam questions
55 scored questions plus 5-10 unscored pretest questions
Time limit
90 minutes
Passing score
70 scaled score
Exam fee
$39
Examination outline
  • I. Duties, Overview, and Powers of the Real Estate Commission (4-6 Items)
    • General Powers
    • Examination of Records
    • Investigations, Hearings, and Appeals
    • Sanctions
    • Sanctions — Censure/Fines
    • Sanctions — License Suspension and Revocation
    • Sanctions — Other Disciplinary Action
  • II. Licensing Requirements (7-9 Items)
    • Activities Requiring License
    • Permitted Activities of Unlicensed Persons
    • Types of Licenses
    • Eligibility for Licensing
    • License Renewal
    • Change in License Status
    • Education
    • Notifications to the Commission
  • III. Statutory Requirements Governing the Activities of Licensees (13-15 Items)
    • Advertising and Use of Name for Business
    • Broker/Salesperson Relationship
    • Commissions/Compensation
    • Disclosures
    • Conflict of Interest
    • Handling of Documents
    • Handling of Monies
    • Listings
    • Offers
    • Place of Business
    • Record Keeping
    • Property Management
  • IV. Louisiana Civil Law System (13-15 Items)
    • Property
    • Property — Classification
    • Property — Immovables
    • Property — Movables
    • Property — Legal Descriptions
    • Rights in Immovables
    • Rights in Immovables — Ownership
    • Rights in Immovables — Servitudes
    • Rights in Immovables — Usufruct
    • Rights in Immovables — Habitation
    • Rights in Immovables — Right of Use
    • Rights in Immovables — Building Restrictions
    • Ownership
    • Ownership — Co-ownership
    • Ownership — Community Property
    • Ownership — Separate Property
    • Ownership — Partnerships and Corporations
    • Ownership — Condominiums
    • Transfer of Ownership without the Aid of a Broker
    • Transfer of Ownership without the Aid of a Broker — Donations
    • Transfer of Ownership without the Aid of a Broker — Successions
    • Transfer of Ownership without the Aid of a Broker — Successions — Terminology
    • Transfer of Ownership without the Aid of a Broker — Successions — Testate
    • Transfer of Ownership without the Aid of a Broker — Successions — Intestate
    • Transfer of Ownership without the Aid of a Broker — Usufruct of the Surviving Spouse
    • Transfer of Ownership without the Aid of a Broker — Eminent Domain, Expropriation, and Appropriation
    • Transfer of Ownership without the Aid of a Broker — Possession
    • Transfer of Ownership without the Aid of a Broker — Acquisitive Prescription
    • Obligations and Contracts
    • Obligations and Contracts — Types of Contracts
    • Obligations and Contracts — Lesion beyond Moiety
    • Obligations and Contracts — Novation
    • Obligations and Contracts — Revocable Offers
    • Obligations and Contracts — Irrevocable Offers
    • Obligations and Contracts — Expiration
    • Obligations and Contracts — Acceptance of Offer
    • Obligations and Contracts — Revocation
    • Obligations and Contracts — Counteroffers
    • Obligations and Contracts — Cause
    • Obligations and Contracts — Nullity
    • Obligations and Contracts — Earnest Money vs. Deposit
    • Obligations and Contracts — Designation of Deposit
    • Obligations and Contracts — Authentic Act
    • Obligations and Contracts — Redhibition
    • Sales
    • Sales — Requirements
    • Sales — Transfer
    • Sales — Price
    • Sales — Seller’s Warranties
    • Sales — Bond for Deed
    • Privileges and Mortgages
    • Privileges and Mortgages — Definitions and Priorities
    • Privileges and Mortgages — Foreclosure
    • Privileges and Mortgages — Usury
    • Privileges and Mortgages — Property Taxes
    • Leases
    • Leases — Verbal and Written Leases
    • Leases — Reconduction
    • Leases — Eviction
    • Leases — Security Deposits
  • V. Louisiana Law of Agency (13-15 Items)
    • Definition of Terms
    • Definition of Terms — Ministerial Acts
    • Definition of Terms — Confidential Information
    • Definition of Terms — Designated Agent/Agency
    • Definition of Terms — Dual Agent/Agency
    • Customer/Client
    • Customer/Client — Relationships between Licensees and Persons
    • Customer/Client — Duties of Licensees Representing Clients
    • Customer/Client — Duties of Licensees Representing Clients — While contract is in effect
    • Customer/Client — Duties of Licensees Representing Clients — After agency relationship is terminated
    • Licensees Relationship with Customers
    • Dual Agency
    • Dual Agency — Consent and Disclosure
    • Dual Agency — Dual Agent’s Duties
    • Dual Agency — Other Details
    • Vicarious Liability
    • Customer Information Pamphlet
Examination sources

Real Estate Salesperson Examination — National/General Portion

Provider
Pearson VUE
Format
General (national) portion of a state real estate salesperson examination delivered by Pearson VUE; scored separately from the state portion with a pass/fail result, and a candidate who passes one part and fails the other retakes only the failed part
Exam questions
85 items: 80 scored items and 5 pretest items that are not counted toward the score
Examination outline
  • I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (SALES 11; 6 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Real property vs. personal property (3 items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
    • B. Characteristics of real property (2 items): 1. Economic characteristics (a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs); 2. Physical characteristics (a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness)
    • C. Legal descriptions (3 items): 1. Methods used to describe real property; 2. Survey
    • D. Public and private land use controls – encumbrances (3 items): 1. Public controls – governmental powers (a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances); 2. Private controls, restrictions, and encroachments (a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments)
  • II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (SALES 9; 5 KNOWLEDGE, 2 APPLICATION, 2 ANALYSIS)
    • A. Ownership, estates, rights, and interests (5 items): 1. Forms of ownership; 2. Freehold estate (a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights); 3. Leasehold estates and types of leases (a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, etc.); 4. Liens and lien priority; 5. Air, surface and sub-surface rights
    • B. Deed, title, transfer of title, and recording of title (4 items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer (a. Voluntary alienation; b. Involuntary alienation); 4. Recording the title (a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance)
  • III. PROPERTY VALUE AND APPRAISAL (SALES 11; 6 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Concept of value (4 items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
    • B. Appraisal process (2 items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
    • C. Methods of estimating value and Broker Price Opinions (BPO) (5 items): 1. Sales comparison approach (market data); 2. Cost approach (a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs); 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
  • IV. REAL ESTATE CONTRACTS AND AGENCY (SALES 16; 7 KNOWLEDGE, 6 APPLICATION, 3 ANALYSIS)
    • A. Types of contracts (1 item): 1. Express vs. implied; 2. Unilateral vs. bilateral
    • B. Required elements of a valid contract (3 items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
    • C. Contract performance (3 items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Statute of Frauds; 7. Electronic contracts and digital signatures; 8. Time is of the essence
    • D. Sales contract (2 items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
    • E. Types of agency and licensee-client relationships (2 items)
    • F. Creation and termination of agency (2 items)
    • G. Licensee obligations to parties of a transaction (3 items)
  • V. REAL ESTATE PRACTICE (SALES 10; 5 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Responsibilities of broker (2 items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
    • B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 items): 1. Seller representation – Types of listing agreements (a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS)); 2. Buyer representation; 3. Property management agreement (a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits); 4. Termination of agreements; 5. Services, fees, and compensation
    • C. Fair Housing (3 items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
    • D. Risk management (2 items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance (a. Errors and Omissions; b. General Liability)
  • VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (SALES 9; 5 KNOWLEDGE, 3 APPLICATION, 1 ANALYSIS)
    • A. Property conditions and environmental issues (5 items): 1. Hazardous substances (a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance); 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) (a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection)
    • B. Environmental and property disclosure obligations and liability (4 items)
  • VII. FINANCING AND SETTLEMENT (SALES 7; 4 KNOWLEDGE, 2 APPLICATION, 1 ANALYSIS)
    • A. Financing concepts and components (2 items): 1. Methods of financing (a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed); 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
    • B. Lender Requirements (1 item): 1. FHA requirements; 2. VA requirements; 3. USDA Loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
    • C. Federal Financing Regulations and Regulatory Bodies (2 items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) (a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD)); 3. Real Estate Settlement Procedures Act (RESPA) (a. Referrals; b. Rebates); 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
    • D. Settlement and closing the transaction (2 items)
  • VIII. REAL ESTATE MATH CALCULATIONS (SALES 7; 4 APPLICATION, 3 ANALYSIS)
    • A. Property area calculations (1 item): 1. Square footage; 2. Acreage total
    • B. Property valuation (1 item): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Equity in property; 5. Establishing a listing price; 6. Assessed value and property taxes
    • C. Commission/compensation (1 item)
    • D. Loan financing costs (1 item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
    • E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
    • F. Investment (1 item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
    • G. Property management calculations (1 item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources