Agency
A Louisiana real estate agent who provides false information on a listing about the property's square footage is engaged in:
APuffing
BMisrepresentation✓ Correct
CA standard industry practice
DHarmless exaggeration
Explanation
Providing false factual information — such as incorrect square footage — is misrepresentation, which can give rise to civil liability and LREC disciplinary action.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Math Concepts
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