A Louisiana sponsoring broker reviews a conversation reaches the point where confidential information is solicited or received. Which answer follows Louisiana law?
Correct Answer
C) That point is substantive contact
La. R.S. 9:3891 defines substantive contact as the point in conversation where confidential information is solicited or received, including specific financial qualifications or motives/objectives that could harm bargaining position. Source basis: Louisiana Legislature official La. R.S. 9:3891, 9:3893, 9:3894, 9:3895, 9:3896, 9:3897, 9:3898, plus La. R.S. 37:1467; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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