Agency
In Louisiana, a real estate broker may act as a 'principal' in a transaction when they are:
ARepresenting a seller as their agent
BBuying or selling property for their own account✓ Correct
CActing as a property manager for others
DRepresenting both buyer and seller as dual agent
Explanation
When a broker buys or sells real property for their own account (as a principal, not an agent), they are acting in a principal capacity — not an agency capacity. They must disclose their licensed status.
Related Louisiana Agency Questions
- In Louisiana, when the listing agent and selling agent are from the same brokerage, the transaction is typically handled as:
- In Louisiana, the listing broker earns their commission when:
- Under Louisiana law, which of the following would create an agency relationship by estoppel?
- In Louisiana, a licensee who acts as the seller's agent but is NOT the listing broker is called a(n):
- The duty of 'reasonable care and diligence' in a Louisiana agency relationship means the agent must:
- The fiduciary duty of 'loyalty' in a Louisiana agency relationship requires the agent to:
- Subagency in Louisiana means:
- A Louisiana salesperson receives an earnest money deposit from a buyer. Who is legally responsible for the proper handling of these funds?
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