Agency
A Louisiana licensee acting as a dual agent represents:
ATwo sellers in the same transaction
BBoth the buyer and seller in the same transaction✓ Correct
CA buyer in two competing transactions
DA seller and a lender simultaneously
Explanation
Dual agency in Louisiana occurs when a licensee (or brokerage) represents both the buyer and the seller in the same transaction, requiring informed written consent from both parties.
Related Louisiana Agency Questions
- A listing in Louisiana's Multiple Listing Service (MLS) constitutes an offer of compensation to:
- In Louisiana, a 'mandatary' in the context of real estate agency is best described as:
- Under Louisiana agency law, 'ratification' occurs when:
- In Louisiana, the listing broker earns their commission when:
- Which of the following best describes 'apparent authority' in a Louisiana agency context?
- Subagency in Louisiana means:
- A Louisiana real estate licensee must disclose their agency relationship to both parties by the time they:
- In Louisiana, which of the following is true regarding a licensee who represents no party (transaction broker/facilitator)?
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