The following is an explanation of the different relationships that exist in real estate transactions in the State of Louisiana and is from the Louisiana Real Estate Commission website. Agency laws differ from state to state so if you are moving to Louisiana from another state please don’t assume that what was true in your previous state is the same as what is the law in Louisiana.
This document describes the various types of agency relationships that can exist in real estate transactions.
AGENCY means a relationship in which a real estate broker or licensee represents a client by the client’s consent, whether expressed or implied, in an immovable property transac- tion. An agency relationship is formed when a real estate licensee works for you in your best interest and represents you. Agency relationships can be formed with buyers/sellers and lessors/lessees.
DESIGNATED AGENCY means the agency relationship that shall be presumed to exist when a licensee engaged in any real estate transaction, except as otherwise provided in LA R.S. 9:3891, is working with a client, unless there is a written agreement providing for a different relationship.
- The law presumes that the real estate licensee you work with is your designated agent, unless you have a written agreement otherwise.
- No other licensees in the office work for you, unless disclosed and approved by you.
- You should confine your discussions of buying/selling to your designated agent or agents only.
For the definition of Dual Agency and information about Confidentiality please continue reading the original document from the LREC website, here.
