Agency
In Alabama, the duty of confidentiality requires a listing agent to:
ADisclose the seller's bottom line price to interested buyers
BKeep the seller's motivations and financial situation confidential✓ Correct
CRefuse to show the property to certain buyers
DWithhold material defects from buyers
Explanation
Confidentiality requires the listing agent to protect the seller's private information — such as their motivation to sell, bottom line price, and financial situation — from being disclosed to buyers.
Related Alabama Agency Questions
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:
- A listing agreement is a contract between:
- In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:
- The duty of obedience requires an agent to follow all lawful instructions of the client. An agent may refuse instructions that:
- Which fiduciary duty requires an agent to keep the principal's information private from third parties?
- A salesperson signs a listing agreement on behalf of their qualifying broker. Who is the actual listing agent (the seller's agent)?
- In Alabama, designated agency means:
- A real estate agent who is a designated agent in a dual-agency transaction may:
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