Louisiana requires agency disclosure to be provided:
Correct Answer
B) Before or at the time of the first substantive contact with a buyer or seller
Louisiana mandates that licensees disclose their agency status at or before the first substantive contact with a prospective buyer or seller.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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- → A Vermont licensee is asked about a designated agency firm appoints separate agents for buyer and seller. What is the best answer?
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- → In Vermont, a firm has not elected designated agency. Which statement is correct?
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- → In Vermont, a brokerage hosts an open house for unrepresented visitors. Which statement is correct?
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