Agency
In Alabama, agency relationships are most commonly created by:
AVerbal agreement only
BWritten agreement (listing agreement or buyer agency agreement)✓ Correct
CImplied consent through showing properties
DAREC mandate
Explanation
While agency can arise by implication, best practice and Alabama professional standards call for agency to be created through written agreements (listing agreements or buyer agency agreements).
Related Alabama Agency Questions
- A real estate agent's fiduciary duty of loyalty means the agent must:
- The term 'puffing' in real estate refers to:
- An Alabama buyer's agent who has been unable to find any properties meeting the buyer's stated needs should:
- A transaction broker (facilitator) in Alabama has duties to the parties that:
- An agent who continues to act for a principal after the agency agreement has expired is acting:
- A listing agent who tells a buyer that the seller 'must sell quickly' is:
- Under Alabama law, when a buyer signs a buyer agency agreement, the agent's loyalty is owed to:
- A real estate broker who participates in a transaction in a neutral, non-agency facilitating role is often called a:
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