In Alabama, which party typically selects the closing attorney?
Why The listing broker Is Correct
Answer C: The listing broker
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
People Also Study
Related Alabama Questions
- Which type of title insurance policy protects the lender in an Alabama real estate transaction?Escrow & Title
- In Alabama, which professional is typically responsible for conducting a real estate closing?Escrow & Title
- In a typical Alabama residential closing, who prepares the HUD-1 or Closing Disclosure?Escrow & Title
- A buyer's lender requires a lender's title insurance policy. Who typically pays for this in Alabama?Escrow & Title
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
State-Specific Concepts
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →