Agency
In Louisiana, a seller's agent who volunteers information about the seller's urgent need to sell (bottom-line price) to the buyer's agent is:
AFulfilling their duty of disclosure to all parties
BBreaching their fiduciary duty of confidentiality to the seller✓ Correct
CActing as a disclosed dual agent
DMeeting the legal requirement for full disclosure
Explanation
A Louisiana seller's agent owes the seller fiduciary duties including confidentiality. Disclosing that the seller must sell quickly or will accept less than the listing price to the opposing party is a breach of the agent's duty of confidentiality and loyalty.
Related Louisiana Agency Questions
- Which of the following would terminate an agency relationship in Louisiana?
- In Louisiana, which of the following is true regarding a licensee who represents no party (transaction broker/facilitator)?
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- A Louisiana real estate licensee must disclose their agency relationship to both parties by the time they:
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- In Louisiana, a real estate agent's 'scope of authority' is the range of actions the agent is authorized to perform for the principal. Actions outside this scope may:
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