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FORMS The below forms are in PDF format. Louisiana Real Estate Commission State Mandated Purchase Agreement 2009 This is the official Purchase Agreement used across Louisiana. For Sale By Owner's can also use this agreement. It favors neither Buyer nor Seller, so it is a fair contract for both parties to use when buying and selling real estate. Exclusive Right To Represent Agreement This is the agreement that real estate agents use to enter into a contract with a Buyer. It basically establishes that both the Buyer and the real estate agent are agreeing that the agent will represent the buyer in finding a property. The agent will represent the buyer alone, and work to get the buyer the best deal possible. On the other hand, the Buyer will limit their dealings only with this agent so that:
This essentially makes a Buyer a client of the Real Estate Agent and the real estate agent an employee of the Buyer. Listing And Marketing Agreement This is the agreement that real estate agents use to enter into a contract with a Seller. It basically establishes that both the Seller and the real estate agent are agreeing that the agent will represent the Seller in both the listing and marketing of their property. The agent will represent the Seller alone, but may be allowed to work for the Buyer of the property as well (a.k.a. Dual Agency) and work to get the Seller the best deal possible. On the other hand, the Seller will limit their dealings only with this agent so that:
This essentially makes a Seller a client of the Real Estate Agent and the real estate agent an employee of the Seller. |
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