Louisiana Revised Statutes 37:1448.3 – Acts 2015, No. 81, §1.
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Terms Used In Louisiana Revised Statutes 37:1448.3
- Listing agreement: means a written document signed by all owners of real estate or their authorized attorney in fact authorizing a broker to offer or advertise real estate described in such document for sale or lease on specified terms for a defined period of time. See Louisiana Revised Statutes 37:1431
- Real estate: shall mean and include condominiums and leaseholds, as well as any other interest in land, with the exceptions of oil, gas and other minerals and whether the real estate is situated in this state or elsewhere. See Louisiana Revised Statutes 37:1431
- real estate broker: means a licensed real estate broker performing activities as an individual real estate broker, a sponsoring broker or designated qualifying broker, or a corporation, partnership, or limited liability company which has been granted a real estate license through a designated qualifying broker. See Louisiana Revised Statutes 37:1431
- Seller: includes a lessor. See Louisiana Revised Statutes 37:1431
It is unlawful for any real estate broker to advise or encourage a seller in relation to, or to enter into, a net listing agreement as described in La. Rev. Stat. 37:1431(34), for the sale of residential real estate property or any land as defined in La. Rev. Stat. 47:2302.
Acts 2015, No. 81, §1.