Louisiana Real Estate Salesperson Exam — All Questions
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Under Louisiana law, when must a licensee provide the Agency Disclosure Informational Pamphlet and disclose the agency relationship?
- a.Only at the closing table
- b.At the first contact concerning a specific property, before confidential information is disclosed✓
- c.Only if the client asks about representation
- d.Never, because agency disclosure is not required in Louisiana
Louisiana requires licensees to provide the Agency Disclosure Informational Pamphlet and disclose the agency relationship at the first contact regarding a specific property, before any confidential information is shared, so the consumer understands who the licensee represents.
In Louisiana, when a broker's firm represents both the buyer and the seller in one transaction, the broker may appoint different licensees within the firm to represent each client. This is known as:
- a.Subagency
- b.Universal agency
- c.Designated agency✓
- d.Open agency
Louisiana permits 'designated agency,' in which a broker whose firm represents both parties may appoint (designate) different affiliated licensees to represent the buyer and the seller separately. This allows each client to have an advocate within the same firm, subject to disclosure and consent.