Agency
An Alabama broker who personally negotiates and closes on a property they own has a conflict of interest that requires:
ANo disclosure as it is their own property
BDisclosure to all parties that the broker has a personal interest in the transaction✓ Correct
CApproval from AREC before the sale
DReferral of the transaction to another broker
Explanation
When an Alabama broker buys or sells property in which they have a personal interest, they must disclose their licensed status and financial interest to all parties in the transaction.
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