For the Louisiana state portion, how should a candidate analyze a licensee representing a client receives money or property in which the client has or may have an interest?
Correct Answer
C) The licensee must timely account for that money or property
La. R.S. 9:3893 requires timely accounting for all money and property received in which the client has, may have, or should have had an interest. 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 agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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