For the Louisiana state portion, how should a candidate analyze a licensee acts for more than one party in a real estate transaction?
Correct Answer
A) The licensee needs the written acknowledgment of all parties to the transaction
La. R.S. 37:1455 lists acting for more than one party without written acknowledgment of all parties 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
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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