Under Louisiana Law Sample Clauses

Under Louisiana Law. “notwithstanding the provisions of Civil Code Articles 2985 through 3034 or any other provisions of law, a licensee engaged in any real estate transaction shall be considered to be representing the person(s) with whom he is working as a Designated Agent(s) unless there is a written agreement between the Broker and the person, providing that there is a different relationship or the licensee is performing only ministerial acts on behalf of the person. The listing agent(s) acts as the Designated Agent(s) for the Owner and may not disclose any information about what price or terms the Owner will accept other than the price or terms listed. An Owner’s Designated Agent(s) does owe a duty of fair dealing to all parties. Owner understands that the Designated Agent(s) assigned by XYZ Company as Broker may be representing another party who has employed the Designated Agent(s) to locate a property for them. Owner further understands that this type of situation creates dual representation. Should Designated Agent(s) represent a prospective Tenant who wishes to lease the property from Owner, Owner hereby consents to this dual representation by Designated Agent(s). Moreover, Owner authorizes Broker to file this listing and appropriate leasing data with the Multiple Listing Service and to report leasing information upon leasing of property to the Multiple Listing Service.
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Related to Under Louisiana Law

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