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AgencyMaterial_fact_disclosureEASY

A Louisiana licensee must disclose their license status when:

Correct Answer

B) Buying, selling, or leasing property in which they have a personal interest

Louisiana law requires licensees to disclose their license status in writing when they have a personal interest in any real estate transaction, whether buying, selling, or leasing.

Answer Options
A
Only when selling commercial property
B
Buying, selling, or leasing property in which they have a personal interest
C
Never β€” it's confidential
D
Only when asked directly

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Related Topics & Key Terms

Related Topics:

LREC disciplinary actionsR.S. 37:1455material fact disclosureagency disclosurepersonal interest transactions

Key Terms:

license status disclosurepersonal interestR.S. 37:1455written disclosureLREC
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