A real estate agent who represents neither the buyer nor the seller, but assists both parties with a transaction, is called a:
Why Facilitator (transaction broker) Is Correct
Answer B: Facilitator (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.
People Also Study
Related Alabama Questions
- A transaction broker (facilitator) in Alabama has duties to the parties that:Agency
- Under Alabama law, a transaction broker owes which duties to both parties?Agency
- In Alabama, a 'facilitator' (also known as a transaction broker) owes which of the following duties?Agency
- Alabama licensees acting as buyer's agents owe the buyer all of the following fiduciary duties EXCEPT:Agency
Key Terms to Know
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA 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.
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 →