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).
What are the property rights in Louisiana?
Louisiana Laws - Louisiana State Legislature. Section 4. (A) Every person has the right to acquire, own, control, use, enjoy, protect, and dispose of private property. This right is subject to reasonable statutory restrictions and the reasonable exercise of the police power.
What is the Ministerial Act in Louisiana?
(12) “Ministerial acts” means those acts that a licensee may perform for a person that are informative in nature.
Which of the following is a power of the Louisiana Real Estate Commission?
The commission shall have the full power and authority to: (1) Regulate the issuance of real estate licenses, registrations, and certificates. (2) Censure licensees, registrants, and certificate holders. (3) Suspend or revoke licenses, registrations, and certificates.
What is the law of agency?
Agency, in law, the relationship that exists when one person or party (the principal) engages another (the agent) to act for him—e.g., to do his work, to sell his goods, to manage his business. The law of agency thus governs the legal relationship in which the agent deals with a third party on behalf of the principal.
What is an example of competition in real estate?
As an example, if you're specialized in the sale and/or rental of residential real estate, a brokerage or firm doing the same in your area is your direct competitor. An indirect competitor however will be a brokerage or firm that is specialized in commercial real estate in your area.