Agency
In Louisiana, 'informed consent' in a dual agency situation requires that the parties:
ASimply be informed that the agent works for two parties
BUnderstand the limitations of dual representation and voluntarily agree in writing✓ Correct
CAgree to a commission reduction
DAttend a mandatory mediation session
Explanation
Informed consent in Louisiana dual agency requires that both parties fully understand the limitations of dual representation — including limitations on confidentiality and loyalty — and voluntarily consent in writing.
Related Louisiana Agency Questions
- A Louisiana buyer's agent writes an offer for their buyer at $325,000 on a property listed at $340,000. The listing agent must:
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