Agency
A Louisiana buyer's representative who learns the seller has already purchased another home and is under financial pressure to sell quickly must:
AShare this with the seller's agent as professional courtesy
BUse this information to advise the buyer-client on negotiating strategy while keeping the source confidential✓ Correct
CDisclose it in all written communications
DIgnore it and focus only on property condition
Explanation
Information about the seller's motivation (financial pressure to sell) is material to the buyer's negotiating strategy. A buyer's agent should use this information to benefit the buyer-client while not improperly obtaining or divulging confidential information.
Related Louisiana Agency Questions
- In Louisiana, which of the following is true regarding a licensee who represents no party (transaction broker/facilitator)?
- In Louisiana, a real estate agent's 'scope of authority' is the range of actions the agent is authorized to perform for the principal. Actions outside this scope may:
- In Louisiana, a real estate team member who is not licensed may NOT:
- A Louisiana real estate agent discovers that the buyer they represent has a prior bankruptcy. Regarding this information and the seller:
- Which of the following best describes 'apparent authority' in a Louisiana agency context?
- In Louisiana, a buyer's agent is representing a buyer in a market with low inventory and multiple offers. The agent's duty of reasonable care requires them to:
- In Louisiana, a licensee who represents a seller in a listing agreement and also has a buyer client interested in that same property must:
- A subagent in real estate is an agent who:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →