Agency
A Louisiana buyer's agent who has actual knowledge that a seller's listing price significantly undervalues the property should:
AAdvise the buyer to offer even less to save money
BProvide this information to the buyer-client so they can make an informed offer and decision✓ Correct
CKeep it secret from the buyer to get a faster closing
DTell the seller's agent to raise the price
Explanation
A buyer's agent owes the duty of disclosure to their client. Knowledge that a property is significantly underpriced is material information that could affect the buyer's offer and decision — it must be shared with the buyer-client.
Related Louisiana Agency Questions
- In Louisiana, the broker's trust account must be used to hold:
- Under Louisiana agency law, 'ratification' occurs when:
- In Louisiana, which of the following is an example of a licensee violating the duty of confidentiality?
- The fiduciary duty of 'loyalty' in Louisiana requires a listing agent to:
- In Louisiana, a transaction broker (facilitator) owes which duties?
- A listing broker has a fiduciary duty to the seller that includes:
- In Louisiana, 'puffing' by a real estate agent is best described as:
- The fiduciary duty of 'loyalty' in a Louisiana agency relationship requires the agent to:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →