A licensee working with a buyer who has not signed a buyer representation agreement is considered to be:
Why A transaction broker Is Correct
Answer B: A transaction broker
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Alabama Questions
- A licensee working as a transaction facilitator in Alabama owes the parties:Agency
- Which of the following actions by an Alabama licensee would NOT be considered a violation of the License Law?Alabama License Law
- An agency relationship created without explicit agreement but implied by the actions of the parties is called:Agency
- A transaction broker (facilitator) in Alabama has duties to the parties that:Agency
- An Alabama real estate licensee who provides property management services without a property management contract in place:Alabama License Law
- An Alabama property owner who gives a neighbor permission to park in their driveway daily, without any formal agreement, has created a:Property Ownership
- In Alabama, which form must be provided to consumers at the first substantive contact with a real estate licensee?Agency
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →