Agency
In Louisiana, a buyer's agent who submits an offer on behalf of their buyer on a property where the buyer's agent's brother is the seller:
AMust proceed without disclosure
BMust disclose this relationship (family relationship creating a conflict of interest) to all parties✓ Correct
CMay hide this relationship to avoid complications
DMust withdraw from representing the buyer without explanation
Explanation
A licensee who has a personal relationship with any party in a transaction that creates a conflict of interest must fully disclose that relationship to all parties — allowing them to make informed decisions about proceeding with the representation.
Related Louisiana Agency Questions
- Which of the following actions by a Louisiana listing agent would be a violation of their fiduciary duty to the seller?
- Which of the following would terminate an agency relationship in Louisiana?
- In Louisiana, when a licensee enters into a buyer representation agreement, they must:
- When a seller's agent learns that the buyer is willing to pay significantly more than the offering price, the agent should:
- In Louisiana, a real estate broker may act as a 'principal' in a transaction when they are:
- In Louisiana, a licensee who acts as the seller's agent but is NOT the listing broker is called a(n):
- An agent who discloses the seller's minimum acceptable price to the buyer without authorization has violated which fiduciary duty?
- An agent who earns a referral fee from a home warranty company without disclosing this to the client is violating which duty?
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