RS 9:3199 Duty of real estate licensees; liability - Louisiana Statutes

§3199.  Duty of real estate licensees; liability

A.  A real estate licensee representing a seller of residential real property shall inform the seller of the duties and rights under this Chapter.  A real estate licensee representing a buyer of residential real property shall inform the buyer of the duties and rights under this Chapter.

B.  A person representing a seller in the transaction is not liable under this Chapter for any error, inaccuracy, or omission in a property disclosure document, unless the person has actual knowledge of the error, inaccuracy, or omission by the seller.

Acts 2003, No. 308, §1, eff. June 13, 2003.