Under Alabama law, a listing broker's duty to the seller is BEST characterized as:
Why A full fiduciary duty including loyalty, confidentiality, disclosure, obedience, accounting, and diligence Is Correct
Answer B: A full fiduciary duty including loyalty, confidentiality, disclosure, obedience, accounting, and diligence
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
- Under Alabama law, what type of agent owes the highest fiduciary duties to only one principal?Agency
- In Alabama, the duty of confidentiality requires a listing agent to:Agency
- Alabama licensees acting as buyer's agents owe the buyer all of the following fiduciary duties EXCEPT:Agency
- The duty of 'reasonable care and diligence' requires an Alabama licensee to:Agency
- Which of the following is the best description of a broker's fiduciary duty regarding trust funds?Trust Funds
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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 →