Louisiana License Law
Under Louisiana License Law, a real estate agent who discovers during a transaction that they have a personal financial interest (e.g., as a co-owner) in the property being sold must:
AConceal the interest to avoid embarrassment
BDisclose the financial interest to all parties before proceeding✓ Correct
CWithdraw from the transaction immediately without explanation
DOnly disclose the interest if directly asked
Explanation
A licensee with a personal financial interest in a transaction must fully disclose that interest to all parties. Failure to disclose creates a conflict of interest and violates Louisiana License Law's requirements for honest dealing.
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