Agency
In Alabama, a buyer's agent who finds that a property has a latent defect not disclosed by the seller must:
AKeep the information confidential as it's the seller's duty to disclose
BDisclose the defect to the buyer✓ Correct
COnly disclose if the buyer specifically asks
DReport directly to the Alabama Real Estate Commission
Explanation
In Alabama, a buyer's agent has a duty to disclose all material facts known to the agent that could affect the buyer's decision. Known latent defects must be disclosed even if the seller has not disclosed them.
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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.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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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