Agency
Under Louisiana's dual agency disclosure requirements, a transaction broker (intermediary) must:
ARepresent only the buyer's interests
BRepresent only the seller's interests
CProvide written disclosure of the dual agency relationship to both parties✓ Correct
DDecline to assist in negotiations
Explanation
When a Louisiana broker represents both buyer and seller in a transaction, they must provide written disclosure of the dual agency (intermediary) relationship to both parties and obtain their written consent before proceeding.
Related Louisiana Agency Questions
- A Louisiana licensee who represents a buyer and receives an offer from a seller's agent is required to:
- When must a Louisiana real estate licensee provide the Agency Disclosure form to a prospective buyer?
- A subagent in real estate is an agent who:
- A listing broker has a fiduciary duty to the seller that includes:
- The fiduciary duty of 'loyalty' in Louisiana requires a listing agent to:
- The duty of 'obedience' in a Louisiana agency relationship requires the agent to:
- A Louisiana buyer's agent who advises their client to offer $15,000 below list price is exercising their duty of:
- In Louisiana, a transaction broker (facilitator) owes which duties?
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