Alabama License LawIntermediateAlabama Exam
When must an Alabama licensee provide agency disclosure to a prospective buyer?
AAt closing
BBefore the buyer signs any contract
CAt the first substantive contact with the buyerCorrect
DOnly when the buyer asks
Why At the first substantive contact with the buyer Is Correct
Answer C: At the first substantive contact with the buyer
Alabama law requires licensees to provide written agency disclosure at the first substantive contact with a prospective buyer or seller. This ensures parties understand who the agent represents before any significant discussions occur.
Key Alabama License Law Terms in This Question
People Also Study
Related Alabama Questions
- In Alabama, which form must be provided to consumers at the first substantive contact with a real estate licensee?Agency
- When must an Alabama licensee provide a consumer with the 'Understanding Agency' disclosure?Agency
- When must an Alabama broker provide a written agency disclosure to a prospective client?Alabama License Law
- In Alabama, which type of agency relationship is created when a broker represents both buyer and seller with written consent?Agency
- In Alabama, when must a licensee disclose their agency relationship to a prospective buyer?Agency
- An Alabama broker who represents both the buyer and seller in the same transaction with written consent of both parties is acting as a:Alabama License Law
- In Alabama, if a residential tenant fails to pay rent, the landlord must first provide written notice to pay or quit. Typically this notice period is:Property Management
- An Alabama licensee's obligation to keep their contact information updated with AREC is primarily because:Alabama License Law
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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.
State-Specific Concepts
License Law
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →