La. Admin. Code tit. 46 § LXVII-3905

Current through Register Vol. 50, No. 11, November 20, 2024

Section LXVII-3905 - Transactions

A. Designated agents receiving written offers or counter offers intransactions shall annotate the offers or counter offers to indicate the time of day and date the offers or counter offers were received.

B. It shall be the responsibility of each of the designated agents to make reasonable efforts to contact and notify the designated agent of the other party of the existence of an offer or counter offer.

1. It shall be the responsibility of the designated agent who transmits or delivers the written offer or counter offer to document the date, time of day, place, and method of delivery.

2. Such documentation as to the date, time of day, place and method of transmission or delivery of the written offer or counter offer may include, but will not be limited to, annotation by the delivering designated agent, a dated and timed facsimile transmission receipt or a dated and timed electronic mail receipt.

3. Such documentation shall be retained pursuant to R.S. 37:1449.

La. Admin. Code tit. 46, § LXVII-3905

Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:48 (January 2000), amended by the Office of the Governor, Real Estate Commission, LR 29:1087 (July 2003); LR 30:41 (January 2004), amended 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.