EstatePass
AgencyMaterial_fact_disclosureEASY

A licensee buying property in Alabama must:

Correct Answer

B) Disclose their licensee status in writing to all parties

Alabama law requires licensees to disclose their license status in writing when they have a personal interest in any real estate transaction.

Answer Options
A
Pay above market
B
Disclose their licensee status in writing to all parties
C
Use a different brokerage
D
Get AREC approval

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Related Topics & Key Terms

Related Topics:

licensee personal interest disclosureAlabama Code § 34-27-36conflict of interestwritten disclosure requirementsAREC disciplinary grounds

Key Terms:

licensee disclosurepersonal interestwritten disclosureconflict of interestAlabama Code § 34-27-36
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