Agency
A Louisiana buyer's agent who advises their client to offer $15,000 below list price is exercising their duty of:
AObedience to the listing agent's instructions
BLoyalty and reasonable care by advocating for the buyer's best interests✓ Correct
CConfidentiality toward the seller
DDisclosure to both parties
Explanation
A buyer's agent owes the buyer duties of loyalty and reasonable care, which includes providing advice about negotiating strategies and advocating for the buyer's best interests.
Related Louisiana Agency Questions
- In Louisiana, a 'fiduciary' relationship in real estate agency means the agent must act with the highest degree of good faith, with the principal's interests taking:
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