Under Louisiana law, which of the following pieces of information MUST a seller's agent disclose to a prospective buyer, even without being asked?
Correct Answer
A) A known foundation crack that the seller has not yet repaired
Under Louisiana law, a seller's agent has an affirmative duty to disclose known material defects and adverse material facts about the property to prospective buyers, even without being asked. A known foundation crack is a material physical defect that would affect a buyer's decision and the property's value. Failing to disclose it would violate both the agent's duty of disclosure and the Louisiana Residential Property Disclosure Act (La. R.S. 9:3196 et seq.).
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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.
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