Under Louisiana law, an Act of Sale transferring immovable property is subject to specific formal requirements to be valid and recordable. Which of the following is NOT a required formality for a valid, recordable Act of Sale of immovable property in Louisiana?
Correct Answer
A) The act must be approved by the Louisiana Real Estate Commission prior to recordation.
LREC approval prior to recordation is NOT a required formality for an Act of Sale in Louisiana. The Louisiana Real Estate Commission regulates real estate licensees and their conduct, but it has no role in approving or authorizing individual Acts of Sale before they are recorded. This is a common trap answer designed to confuse LREC's regulatory authority over licensees with the formal requirements for property transfer documents.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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