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Listing Firm Seller s Designated Agent Selling Firm ? Dual Agent Buyer s Designated Agent Phone Number Office Fax Phone Number Office Fax Email Address Email Address Delivered by Designated Agent.

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How to fill out the Lrec Forms online

Filling out the Lrec Forms online can streamline the process of managing real estate transactions. This guide provides clear instructions on how to properly complete each section of the form, ensuring that all necessary information is accurately conveyed.

Follow the steps to fill out the Lrec Forms accurately.

  1. Click ‘Get Form’ button to access the document and open it in the online editor.
  2. Locate the section labeled 'Listing Firm'. Here, enter the name of the firm that will represent the seller.
  3. Fill in the 'Seller’s Designated Agent' field with the name of the agent responsible for this transaction.
  4. Provide the name of the 'Selling Firm' that will handle the buyer's side of the transaction.
  5. If applicable, check the box for 'Dual Agent' to indicate that the same agent is representing both buyer and seller.
  6. Enter the contact information for both the Buyer’s and Seller’s Designated Agents, including phone numbers, fax numbers, and email addresses in the appropriate fields.
  7. Fill in the section titled 'Delivered by Designated Agent' with the date and time the document is delivered.
  8. Add comments in the 'Comments' section if any additional information needs to be communicated.
  9. Complete the fields concerning the property description, including the municipal address, legal description, and any notable property features as listed.
  10. Proceed to define the Sale Price and any contingencies related to financing or sale conditions.
  11. Review all entries for accuracy before saving your document.
  12. Once completed, save changes, download the document, or share it as needed.

Start filling out your Lrec Forms online today!

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The most commonly used form for such disclosures is the Transfer Disclosure Statement that the sellers will complete and sign.

The sellers must disclose, in writing, any and all known material facts that affect the value of their property whether the buyers ask or not. Even if a home is sold "as is" in its present condition, the seller must disclose any observable (patent) defects as well as any hidden (latent) defects.

Louisiana Revised Statutes § 37:1478 Requires licensed home inspectors to include in their written inspection report the presence of suspected mold growth if the licensed home inspector discovers "visually observable evidence of suspected mold growth" on the inside of the structure during the inspection.

Real Estate Disclosure Law in Louisiana Louisiana Revised Statutes § 9:3198 governs disclosures by sellers like yourself. It states that you must complete a property disclosure document in a form prescribed by the Louisiana Real Estate Commission and deliver it to prospective buyers. Selling a Louisiana Home: What Are My Disclosure Obligations? - Nolo nolo.com https://.nolo.com › legal-encyclopedia › selling-loui... nolo.com https://.nolo.com › legal-encyclopedia › selling-loui...

PowerPoint Presentation. A licensee representing either the buyer or seller of residential real property shall complete the purchase agreement form prescribed by the Louisiana Real Estate Commission in making an offer to purchase or sell residential real property. 2023 Mandatory PowerPoint - Louisiana Real Estate Commission lrec.gov https://lrec.gov › wp-content › uploads › 2022/12 › 202... lrec.gov https://lrec.gov › wp-content › uploads › 2022/12 › 202...

Is Louisiana a Non-Disclosure State? Disclosure laws in Louisiana do not follow the rule of 'caveat emptor,' i.e. let the buyer beware. Thus, it is the seller's duty to disclose all material defects or additional disclosures that may affect the monetary value of the house to the prospective buyer.

Quick Overview: Complete 90 Hours of Approved Pre-Licensing Education. Pass the Course Final Exam. Fill out Salesperson License Application Part A. Pass the Louisiana Real Estate Examination. Complete the Background Check. Acquire Errors and Omissions (E&O) insurance. Complete the Application. Select a Sponsoring Broker. How to Become a Real Estate Agent in Louisiana - Mbition mbitiontolearn.com https://.mbitiontolearn.com › real-estate › how-to-b... mbitiontolearn.com https://.mbitiontolearn.com › real-estate › how-to-b...

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