Agency
A real estate agent who is a designated agent in a dual-agency transaction may:
AShare all client information with the agent representing the other party
BAdvocate fully for their designated client without sharing confidential information with the other agent✓ Correct
CRepresent neither party and only assist with paperwork
DCharge both parties a full commission
Explanation
In designated agency, the broker designates different agents to represent the buyer and seller separately. Each designated agent advocates fully for their client and is ethically obligated to maintain their client's confidential information — even from the other agent in the same firm.
Related Alabama Agency Questions
- In Alabama, when must a licensee disclose their agency relationship to a prospective buyer?
- In Alabama, designated agency means:
- Under Alabama agency law, a 'limited consensual dual agent' may represent:
- In Alabama, which document formally establishes a buyer agency relationship?
- Subagency in Alabama means:
- A real estate agent who represents neither the buyer nor the seller, but assists both parties with a transaction, is called a:
- A listing agreement is a contract between:
- Alabama licensees acting as buyer's agents owe the buyer all of the following fiduciary duties EXCEPT:
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