Agency
Which of the following BEST defines 'dual agency' in Alabama?
AA broker who owns two offices
BA situation where one licensee represents both the buyer and seller in the same transaction✓ Correct
CTwo brokers co-listing the same property
DAn agent who is also the buyer of a property
Explanation
Dual agency occurs when a single licensee or brokerage represents both the buyer and the seller in the same transaction. Alabama permits dual agency only with the informed written consent of both parties.
Related Alabama Agency Questions
- Which of the following is an example of a licensee's duty of 'diligence' to their client?
- A transaction broker (facilitator) in Alabama has duties to the parties that:
- The seller's agent has a duty to inform a prospective buyer of which of the following?
- The term 'puffing' in real estate refers to:
- In Alabama, a seller's agent may disclose which of the following about the seller to a buyer?
- In Alabama, designated agency means:
- In Alabama, agency relationships are most commonly created by:
- A buyer's agent in Alabama who also manages rental properties for investors has a potential conflict of interest when:
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