Louisiana License Law
Which of the following is considered 'unprofessional conduct' under Louisiana License Law?
APresenting all offers to a seller promptly
BFailing to disclose a known material defect to a buyer✓ Correct
CMaintaining a trust account separate from operating funds
DProviding a buyer with a property disclosure form
Explanation
Failing to disclose a known material defect to a buyer is unprofessional conduct and a violation of Louisiana License Law and the licensee's duties. Material defects must be disclosed to buyers regardless of agency representation.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
Disclosure RequirementsTrust Account RulesLicense Law
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