Updated April 23, 2024
A Louisiana buyer agency agreement is a contract created by a real estate brokerage to propose certain terms and conditions to a potential client (buyer) in regard to an agency relationship. When a buyer is looking for property to purchase, an agency can help them find properties to their liking, communicate with sellers and other agents, and negotiate a sale price. The agency agreement will include the compensation that is to be awarded to the agent from the sale of a piece of property (in some cases they are awarded compensation at the end of the agreement regardless of whether a property was purchased).
Disclosures
Agency Disclosure – Agents must provide either the Agency Disclosure Form or the Agency Disclosure Pamphlet to all parties to a real estate transaction before representation can occur.[1]
Dual Agency Disclosure Form – Agents who plan on representing both buyer and seller in a real estate transaction must provide this disclosure form to be signed by both parties before representation.[2][3]
Realtor Version
Greater Baton Rouge Assoc. of Realtors – PDF (Exclusive Right-to-Sell)