EstatePass
AgencyAgency_typesEASY

Agent Broussard is a licensed Louisiana salesperson who has just entered into a written buyer representation agreement with Ms. Tran. Under Louisiana law, when must Agent Broussard provide Ms. Tran with the required agency disclosure?

Correct Answer

A) At the time of or before entering into the buyer representation agreement

Under Louisiana law and LREC regulations, the required agency disclosure must be provided at the time of or before entering into an agency agreement with a client. Because Agent Broussard is entering into a buyer representation agreement with Ms. Tran, the disclosure must be made at that moment—not at a later stage of the transaction. This ensures that Ms. Tran understands the nature of the agency relationship before it is formally established.

Answer Options
A
At the time of or before entering into the buyer representation agreement
B
At the first showing of any property to Ms. Tran
C
At the time an offer to purchase is submitted on behalf of Ms. Tran
D
At the closing of the transaction after all parties have signed

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Question

Sign up free to unlock full analysis

Background Knowledge for Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

agency_disclosurebuyer_agencydisclosure_timingagency_typeslrec

Related Concepts

A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

Was this explanation helpful?

More Agency Questions

People Also Study

Related Articles

Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing