Agency
In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:
ABuyer agency agreement
BListing agreement✓ Correct
CProperty management contract
DCooperating broker agreement
Explanation
A listing agreement is the written contract that establishes agency between a seller and a broker in Alabama.
Related Alabama Agency Questions
- Which of the following situations would create an implied agency in Alabama?
- If an Alabama broker learns that their seller client is about to commit fraud in a transaction, the broker should:
- An agent who works for a real estate firm that has a listing is representing a buyer interested in that listing. This creates what type of agency situation?
- Which of the following is an example of a licensee's duty of 'diligence' to their client?
- An Alabama real estate licensee must keep a client's confidential information confidential:
- Under an open listing, the seller:
- A seller's agent who discovers a serious foundation crack that the seller has concealed should:
- Under Alabama law, what type of agent owes the highest fiduciary duties to only one principal?
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