Agency
In Alabama, a buyer who is not represented by an agent when purchasing a home listed by a listing broker should understand that the listing broker:
AAutomatically represents both parties
BRepresents the seller — the unrepresented buyer is a customer, not a client✓ Correct
CHas no duties to either party
DBecomes the buyer's agent upon showing the property
Explanation
A listing broker represents the seller. An unrepresented buyer is a customer of the listing broker, not a client — the broker owes honest dealing but not full fiduciary duties to the buyer.
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Key Terms to Know
Buyer's Agent
A 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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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