Agency
In Louisiana, a 'mandant' in a real estate agency relationship refers to:
AThe agent acting on behalf of the client
BThe principal who authorizes the agent to act✓ Correct
CThe notary who closes the transaction
DThe broker supervising the transaction
Explanation
Under Louisiana Civil Law, the mandant is the principal — the party who authorizes the mandatary (agent) to act on their behalf in a real estate transaction.
Related Louisiana Agency Questions
- In Louisiana, a buyer who signs an exclusive buyer agency agreement has:
- Which of the following best describes a 'designated agency' arrangement in Louisiana?
- A Louisiana real estate agent who provides false information on a listing about the property's square footage is engaged in:
- When does a listing agreement typically terminate in Louisiana?
- In Louisiana, when a licensee enters into a buyer representation agreement, they must:
- Subagency in Louisiana means:
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- A Louisiana licensee acting as a dual agent represents:
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