Agency
Which of the following is an example of a licensee's duty of 'diligence' to their client?
ADisclosing all known material defects
BActively and promptly pursuing the client's interests and completing tasks in a timely manner✓ Correct
CAccounting for all trust funds
DFollowing all lawful client instructions
Explanation
The duty of diligence requires the agent to work actively and promptly on the client's behalf, pursuing their interests with reasonable care and timeliness.
People Also Study
Related Alabama Questions
- Which fiduciary duty requires an Alabama agent to put the client's interests above their own?Agency
- The duty of 'reasonable care and diligence' requires an agent to:Agency
- The duty of 'reasonable care and diligence' requires an Alabama licensee to:Agency
- The duty of obedience requires an agent to follow all lawful instructions of the client. An agent may refuse instructions that:Agency
- A real estate agent who includes a clause in a purchase contract that protects only the agent's interests at the expense of their client is:Contracts
Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA 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.
State-Specific Concepts
Continuing EducationTrust Account Rules
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 →