Agency
In Louisiana, a broker can represent a buyer as a client in a transaction where their own listing is for sale. This is called:
AIllegal dual practice
BDual agency, which requires written consent from both parties before proceeding✓ Correct
CDesignated agency, which requires no disclosure
DSubagency
Explanation
When a broker represents both the buyer and the seller in the same transaction, this is dual agency. Louisiana law requires the broker to obtain informed written consent from both parties before acting in this capacity.
Related Louisiana Agency Questions
- In Louisiana, a licensee's duty to account to their client requires them to:
- In Louisiana, a seller's agent who volunteers information about the seller's urgent need to sell (bottom-line price) to the buyer's agent is:
- A Louisiana real estate agent discovers that the buyer they represent has a prior bankruptcy. Regarding this information and the seller:
- In Louisiana, a 'mandatary' in the context of real estate agency is best described as:
- Which of the following actions by a Louisiana listing agent would be a violation of their fiduciary duty to the seller?
- Under Louisiana law, an agency relationship created without a written agreement but where the principal's conduct leads a third party to reasonably believe an agency exists is called:
- When does the listing agent's duty to the seller typically end in Louisiana?
- In Louisiana, a licensee who acts as the seller's agent but is NOT the listing broker is called a(n):
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →