Marie, a licensed Louisiana salesperson, is showing a property listed by her broker to a prospective buyer who has not signed any agency agreement. Under LREC rules, what is Marie's agency status with respect to the buyer at this point?
Correct Answer
A) Marie is a subagent of the seller because her broker represents the seller.
Under Louisiana license law and LREC regulations, when a salesperson's broker has a listing agreement with the seller, the salesperson acts as a subagent of the seller. Without a separate buyer agency agreement, Marie's fiduciary duties run to the seller through her broker, even while she assists the prospective buyer with showings.
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Related Topics & Key Terms
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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