Louisiana Dual Agency Disclosure

When working with a real estate broker or licensee in Louisiana, it's important to understand the concept of dual agency. This document explains dual agency representation, its potential risks, and the obligations of the real estate professional.

What is Dual Agency?

Dual agency occurs when a real estate agent represents both the buyer (or lessee) and the seller (or lessor) in the same transaction. This relationship can only exist with the written consent of all parties involved.

Key Points of Dual Agency

What a Licensee Can Do for Clients

            Treat all clients honestly.
Provide property information to the buyer or lessee.
Disclose all known latent material defects in the property.
Explain real estate terms and processes.
Help buyers arrange for property inspections.
Assist buyers in comparing financing alternatives.
Provide information on comparable properties.

        

What a Licensee Cannot Disclose

            Confidential information about either party without their consent.
The lowest price a seller is willing to accept, unless authorized.
The highest price a buyer is willing to offer, unless authorized.

        

Consent to Dual Agency

Signing the Dual Agency Disclosure form confirms that you understand and agree to the real estate agent representing both the buyer and the seller in the transaction.

Important: You are not required to sign this document unless you wish to proceed with dual agency representation. If you decline, inform your agent immediately.

Download Dual Agency Disclosure Form