Buying a home in Louisiana
In Louisiana, a real estate agent has what is known as a fiduciary duty to the person he or she is representing. If that’s you, your agent must safeguard your interests, keep any information you share with them confidential, and work to get the best deal possible for your needs and requirements. Your agent will also be responsible for all financial transactions you place in their charge. When a property goes up for sale in Louisiana, real estate law requires the disclosure of any known problems with the home. The disclosure should include such things as:- Cracks in the foundations
- Plumbing or heating issues
- Leaks
- Any issues connected with the title deed