Agency
Under Alabama law, when a buyer signs a buyer agency agreement, the agent's loyalty is owed to:
AThe seller
BThe buyer✓ Correct
CBoth buyer and seller equally
DAREC
Explanation
A buyer agency agreement creates a fiduciary relationship in which the agent's loyalty is owed to the buyer (principal).
Related Alabama Agency Questions
- An exclusive buyer agency agreement obligates the buyer to:
- A seller's agent who discovers a serious foundation crack that the seller has concealed should:
- A real estate agent's fiduciary duty of loyalty means the agent must:
- A listing agreement is a contract between:
- A net listing is one where:
- A licensee working with a buyer who has not signed a buyer representation agreement is considered to be:
- A salesperson signs a listing agreement on behalf of their qualifying broker. Who is the actual listing agent (the seller's agent)?
- 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?
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