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D. The sponsoring broker of the acquiring agency shall give written notice to all licensees transferred to the acquiring agency within five working days following the date of acquisition.
The 120-day period includes the 30-day period in which the complainant can file a request for reconsideration, as well as the 90-day period in which the complainant can file a civil action. A complainant may petition OFO to seek enforcement of a Commission Order.
In real estate, agency is normally created by either a written listing agreement with a seller or a buyer agency agreement with a buyer. Some states allow verbal agreements, but most do not.
What is dual agency? Dual agency is the situation that exists when a real estate firm or a real estate licensee represents both the seller and the buyer or the landlord and the tenant in the same transaction.
The dual agency disclosure form will be signed giving consent to the agent to act as a dual agent at the time the brokerage agreement is entered into, and at any time before the licensee acts as a dual agent. T or F? If one client does not consent to dual agency in a Louisiana transaction: A.
Trust accounts for property managers are typically used to keep tenant deposits and rent payments separate from operating capital.
Dual Agency in Louisiana In other states, dual agency is flat out not allowed. In Louisiana, it's considered dual agency if one agent represents both the buyer and seller in the same transaction.
If a Louisiana licensee fails to renew his or her real estate license by Dec. 31, the licensee can do no work requiring a license until the license has been renewed.
What is the term given to the person who has entered into a listing agreement with a seller? Listing agent.