Agency
In Louisiana, a licensee who acts as the seller's agent but is NOT the listing broker is called a(n):
ABuyer's agent
BCooperating agent or selling agent representing the seller as a subagent✓ Correct
CDual agent
DTransaction broker
Explanation
When a cooperating broker brings a buyer to a listed property, they may act as a subagent of the listing broker, representing the seller's interests. In this case they are often called the 'selling agent' (confusingly, since they represent the seller, not the buyer).
Related Louisiana Agency Questions
- In Louisiana, a real estate broker may act as a 'principal' in a transaction when they are:
- A Louisiana buyer's agent has a duty of 'reasonable care and diligence' which requires the agent to:
- A Louisiana licensee acting as a dual agent must:
- A Louisiana seller's agent who advises the seller that they should price the property $30,000 higher than the market supports because the agent wants a higher commission is:
- When a seller's agent learns that the buyer is willing to pay significantly more than the offering price, the agent should:
- A real estate agent who has material information about a property must disclose it to prospective buyers. This duty arises from:
- When a Louisiana listing broker accepts an offer and enters into a contract on behalf of the seller without the seller's authorization, the seller may:
- In Louisiana, an 'open listing' gives the seller the right to:
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