La. Admin. Code tit. 46 § LXVII-3901

Current through Register Vol. 50, No. 12, December 20, 2024

Section LXVII-3901 - Timely Presentation of Offers and Counter Offers

A. All written offers and counter offers for the purchase of real estate shall be presented to all buyers and/or sellers for their consideration and decision immediately, without delay.

B. The licensee who prepares an offer or counter offer in a real estate transaction shall ensure that the time of day and date the offer or counter offer was signed by the offering party are included in the document.

C. The licensee who presents an offer or counter offer in a real estate transaction shall ensure that the time of day and date the offer or counter offer was accepted, rejected or countered are included in the document.

La. Admin. Code tit. 46, § LXVII-3901

Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:48 (January 2000), repromulgated by the Office of the Governor, Real Estate Commission, LR 37:3009 (October 2011).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq.