Agency
Under Alabama law, a listing broker's duty to the seller is BEST characterized as:
AA contractual duty only
BA full fiduciary duty including loyalty, confidentiality, disclosure, obedience, accounting, and diligence✓ Correct
CA limited duty of honest dealing only
DA duty to the seller and the buyer equally
Explanation
A listing broker acting as the seller's agent owes the seller full fiduciary duties — the highest standard of trust and care — including loyalty, confidentiality, disclosure, obedience, accounting, and diligence.
Related Alabama Agency Questions
- Under an open listing, the seller:
- Which of the following best describes a transaction broker (non-agent) in Alabama?
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:
- An agent is required to pass along all offers to the seller, but may an agent refuse to present an offer at the seller's explicit written request?
- In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:
- Alabama licensees acting as buyer's agents owe the buyer all of the following fiduciary duties EXCEPT:
- A real estate broker who participates in a transaction in a neutral, non-agency facilitating role is often called a:
- Which of the following best describes the concept of 'ratification' in agency law?
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