When working with a real estate broker or licensee in Louisiana, it's important to understand the different agency relationships that can exist. This document provides an overview of these relationships and how they impact your real estate transactions.
An agency relationship means that a real estate broker or licensee represents a client with their consent, whether expressed or implied, in an immovable property transaction. This means the agent is working in your best interest.
The law presumes that the real estate licensee you work with is your designated agent, unless you have a written agreement stating otherwise.
A dual agency occurs when the same agent represents both the buyer and the seller in a transaction.
Dual agency is only allowed if both parties provide informed written consent.
Agents in a dual agency must:
Any confidential information shared with a real estate agent is protected unless:
By signing the Louisiana Agency Disclosure form, buyers and sellers acknowledge that they have read and understand the agency relationships and their rights in a real estate transaction.
Need more details? Reach out to Ron for any clarifications before signing.
Download Agency Disclosure Form