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Practice Of Real EstateBrokerage RelationshipMEDIUM

In Louisiana, a licensee knows an owner or lessor has an outstanding written exclusive contract with another broker. Which statement is correct?

Correct Answer

C) The licensee generally may not negotiate directly with that owner or lessor for the same sale, exchange, lease, or management

La. R.S. 37:1455 lists negotiating directly with an owner or lessor while knowing of another broker exclusive contract 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.

Answer Options
A
Only a written brokerage policy controls this situation.
B
The rule applies only to commercial transactions.
C
The licensee generally may not negotiate directly with that owner or lessor for the same sale, exchange, lease, or management
D
The conduct is acceptable if the transaction later closes successfully.

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Related Topics & Key Terms

Related Topics:

la.IIIbrokerage-relationship

Key Terms:

louisianala.IIIbrokerage-relationshipexclusive-contract-interference
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