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AgencyTypes_of_agencyMEDIUM

Louisiana recognizes which types of agency relationships?

Correct Answer

B) Seller agent, buyer agent, dual agent, and designated agent

Louisiana recognizes seller agency, buyer agency, dual agency (with written consent), and designated agency (where the broker designates different agents to represent each party).

Answer Options
A
Seller agent and buyer agent only
B
Seller agent, buyer agent, dual agent, and designated agent
C
Transaction broker only
D
Sub-agency only

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Related Topics & Key Terms

Related Topics:

Dual agency consent requirementsDesignated agency in LouisianaFiduciary duties in agencyAgency disclosure formBuyer agency agreements

Key Terms:

seller agencybuyer agencydual agencydesignated agencywritten consentfiduciary duties
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