Agency
A buyer's agent in Alabama owes which duty to the seller?
AFull fiduciary duties including loyalty
BHonest and fair dealing only✓ Correct
CConfidentiality regarding the buyer's finances
DNo duties whatsoever
Explanation
A buyer's agent owes full fiduciary duties to the buyer (their client) but owes the seller honest and fair dealing — the duty not to misrepresent or deceive. The buyer's agent does not owe the seller loyalty or confidentiality.
Related Alabama Agency Questions
- A buyer's agent who learns confidential information about the buyer (such as the maximum price they are willing to pay) must:
- In Alabama, a buyer who is not represented by an agent when purchasing a home listed by a listing broker should understand that the listing broker:
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:
- Gratuitous agency is an agency relationship created:
- An Alabama real estate agent who represents a client in a transaction and also has a financial interest in the outcome should:
- In Alabama, the duty of confidentiality requires a listing agent to:
- The duty of obedience requires an agent to follow all lawful instructions of the client. An agent may refuse instructions that:
- In Alabama, when a listing agent receives an offer far below the listing price, their duty is to:
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