Agency
A material fact in real estate is best defined as:
AAny fact the buyer asks about
BAny fact that would likely affect a reasonable person's decision to buy, sell, or lease property✓ Correct
COnly structural defects in the building
DInformation about the neighbors
Explanation
A material fact is any information that would likely affect a reasonable person's decision about buying, selling, or leasing the property.
Related Alabama Agency Questions
- The term 'subagency' in real estate agency law means:
- In Alabama, which document formally establishes a buyer agency relationship?
- An agency relationship may be terminated by all of the following EXCEPT:
- Which of the following best describes the relationship between an Alabama broker and their affiliated salesperson?
- A licensee working with a buyer who has not signed a buyer representation agreement is considered to be:
- A licensee working as a transaction facilitator in Alabama owes the parties:
- An Alabama agent who receives offers on a listing is required to present them:
- A buyer's agent who learns confidential information about the buyer (such as the maximum price they are willing to pay) must:
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →