Louisiana Real Estate Documents

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Commonly Asked Questions about Louisiana Real Estate Documents

Is a property disclosure statement required in Louisiana?

Real Estate Disclosure Law in Louisiana Louisiana Revised Statutes 9:3198 governs disclosures by sellers like yourself. It states that you must complete a property disclosure document in a form prescribed by the Louisiana Real Estate Commission and deliver it to prospective buyers.

Is LA a disclosure state?

Currently, there are a number of non-disclosure states. They include Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming. Before investing, real estate professionals should familiarize themselves with this list of non-disclosure states.

What is required to get a real estate license in Louisiana?

8 Steps Toward Getting Your Louisiana Salesperson License Complete 90 hours of approved Pre-Licensing education. Pass the course final exam. Fill out Salesperson License Application Part A. Pass the Louisiana Real Estate Examination. Complete the Background Check. Acquire Errors and Omissions (EO) insurance.

Are mold disclosures required in Louisiana?

Louisiana Revised Statutes 9:3198 Form developed by the Commission requires disclosure of whether the property contains radon, mold/mildew, asbestos, formaldehyde, contaminated drywall, and contaminated flooring, among other items.

Is Louisiana a full disclosure state?

Either way, this state also does not require a disclosure of the sales price of a property. Louisiana: Even though this is a non-disclosure state, Louisiana has 10 local realtor boards and a number of professionals who have access to MLS. Getting in touch with a real estate agent will help you invest correctly.

How to transfer real estate in Louisiana?

In Louisiana, voluntary contracts between the owner and the buyer are the most popular way to transfer property ownership. A legally binding contract (a simple act) transfers real estate ownership. The buyer and the seller must agree on all of the contracts listed terms for it to be deemed genuine or authentic.