A Louisiana salesperson asks about a licensee knowingly makes a false representation to a transaction party. What is the best answer?
Correct Answer
B) Knowingly making a false representation is a disciplinary cause
La. R.S. 37:1455 lists knowingly making false representations to any party in a real estate transaction as a disciplinary cause. Source basis: Louisiana Legislature official La. R.S. 37:1445, 37:1446, 37:1447, 37:1448, 37:1449, 37:1449.1, 37:1450, 37:1455, 37:1467, 37:1468, 37:1469, and 37:1470; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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