This office lease form is an agreement between the landlord, owner of the property, and a borker. This agreement describes the nature of the services to be provided and the terms and usage under the agreement.
Louisiana Brokerage Agreement for Services to Landlords
Category:
State:
Multi-State
Control #:
US-OL29A082A
Format:
Word;
PDF
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How to fill out Brokerage Agreement For Services To Landlords?
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FAQ
Because Louisiana is a community property state, spouses are co-owners of all property purchased during their marriage unless an agreement exists stating otherwise. In addition, heirs inheriting property are co-owners of any property inherited by more than one heir.
B. A licensee shall not disclose to clients when acting as a dual agent: (1) Confidential information that the licensee may know about either of the clients, without that client's permission. (2) The price the seller or landlord will take other than the listing price without the permission of the seller or landlord.
A licensee may act as a dual agent only with the informed written consent of all clients. Informed consent shall be presumed to have been given by any client who signs a dual agency disclosure form prepared by the commission pursuant to its rules and regulations.
A. The purchase agreement form used by licensees representing the buyer or seller in a residential real estate transaction shall be the Residential Agreement to Buy or Sell, or any successor thereof, prescribed by the Louisiana Real Estate Commission.
Under the Louisiana Law of Agency, dual agency is permissible but only with the written consent of both parties. Licensees operating under a dual agency must show no favoritism to either party and treat them both with honesty and fairness for the duration of the dual agency or until the transaction is closed.
The Louisiana Law of Agency defines ministerial acts and activities as efforts made for the purposes of providing information (e.g. setting viewing appointments or hosting open houses, answering or returning phone calls from parties interested in a property).
Subagency can only be created by a written agreement. A licensee is not considered to be a subagent of a client or another broker solely by reason of membership or other affiliation by the broker in a multiple listing service or other similar information source.
