Louisiana agreement purchase 2013 form-2025

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To have a valid sale, and therefore a valid Purchase Agreement, under Louisiana law only three things are necessary: First the thing, which is the Property being sold; second, consent, which is self-defining, and third the price.
The original of this agreement must be delivered to the listing brokers firm. However, any additional addendums or other changes will all be considered one with the agreement. This includes photocopies, faxes, and other electronic transmissions.
A Real Estate Purchase Agreement Amendment is a legal document used to modify or supplement the terms and conditions of an existing real estate purchase agreement. It allows parties to make changes to the original contract without creating an entirely new agreement.
The purpose of the LA Amendment or Addendum is to formally document modifications to the statewide purchase agreement, ensuring clarity and legal compliance while accommodating new circumstances or agreements between the parties.
A person who wants to engage in real estate transactions on behalf of another must first obtain a license to do so from the state in which they practice. For the most part, these individuals are brokers, sale agents, and, sometimes, lawyers.
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A licensee representing either the buyer or seller of residential real property shall complete the purchase agreement form prescribed by the Louisiana Real Estate Commission in making an offer to purchase or sell residential real property.
The Louisiana Real Estate Commission is hereby created within the office of the governor. The commission shall consist of eleven members appointed by the governor. One member shall be appointed from each of the seven supreme court districts. Two members shall be appointed at large.

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