The term 'customer' (as opposed to 'client') in Alabama real estate refers to:
Why A party to a transaction whom the agent assists but does not represent as an agent Is Correct
Answer B: A party to a transaction whom the agent assists but does not represent as an agent
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Alabama Questions
- A person who is a licensed attorney in Alabama providing real estate legal services to a client is:Alabama License Law
- Which fiduciary duty requires an Alabama agent to put the client's interests above their own?Agency
- Alabama licensees acting as buyer's agents owe the buyer all of the following fiduciary duties EXCEPT:Agency
- In Alabama, the term for a broker's obligation to keep client funds separate from personal or business operating funds is:Trust Funds
- Under Alabama law, what type of agent owes the highest fiduciary duties to only one principal?Agency
- Under Alabama law, a transaction broker owes which duties to both parties?Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
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 →