Under Alabama law, when a buyer signs a buyer agency agreement, the agent's loyalty is owed to:
Why The buyer Is Correct
Answer B: The buyer
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
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Related Alabama Questions
- In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:Agency
- In Alabama, which type of agency relationship is created when a broker represents both buyer and seller with written consent?Agency
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:Agency
- When does an agency relationship typically terminate in Alabama?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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
State-Specific Concepts
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