Agency
In Alabama, a real estate agent acting as a dual agent must:
AAutomatically terminate one agency relationship
BObtain informed written consent from both the buyer and seller✓ Correct
CReduce their commission by 50%
DNotify AREC of the dual agency arrangement
Explanation
Dual agency in Alabama requires informed written consent from all parties to the transaction before the agent may proceed.
Related Alabama Agency Questions
- An agent who continues to act for a principal after the agency agreement has expired is acting:
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:
- A licensee working as a transaction facilitator in Alabama owes the parties:
- In Alabama, which form must be provided to consumers at the first substantive contact with a real estate licensee?
- The phrase 'meeting of the minds' in contract law refers to:
- An agent who has an undisclosed interest in a property they are selling on behalf of a client is violating which fiduciary duty?
- In Alabama, when a listing agent receives an offer far below the listing price, their duty is to:
- An Alabama agent who receives a higher offer after already presenting and having accepted a lower offer should:
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