Agency
In Louisiana, a buyer who signs an exclusive buyer agency agreement has:
AAgreed to pay a commission regardless of who finds the property
BAuthorized only one broker to represent them for a defined period✓ Correct
CWaived their right to dual agency disclosure
DCommitted to buying a specific property
Explanation
An exclusive buyer agency agreement in Louisiana authorizes one broker exclusively to represent the buyer for a defined term. It does not commit the buyer to any specific property but does establish the agency relationship and compensation terms.
Related Louisiana Agency Questions
- In Louisiana, the agency relationship between a broker and client is created by:
- A Louisiana real estate agent who also has a personal financial interest in the property being sold must:
- In Louisiana, the listing broker earns their commission when:
- A Louisiana real estate licensee must disclose their agency relationship to both parties by the time they:
- A Louisiana real estate agent who provides false information on a listing about the property's square footage is engaged in:
- In Louisiana, a 'mandant' in a real estate agency relationship refers to:
- In Louisiana, 'informed consent' in a dual agency situation requires that the parties:
- A listing in Louisiana's Multiple Listing Service (MLS) constitutes an offer of compensation to:
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