For the Louisiana state portion, how should a candidate analyze a dual agent knows the buyer or tenant financial qualification?
Correct Answer
C) The dual agent must disclose the financial qualification of the buyer or tenant to the seller or landlord
La. R.S. 9:3897 requires a dual agent to disclose financial qualification of the buyer or tenant to the seller or landlord. 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
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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