Licensee Patricia is a transaction broker assisting both buyer Greg and seller Helen in a residential sale in Huntsville. Under Alabama Agency Law, which of the following best describes Patricia's disclosure obligation in this arrangement?
Correct Answer
A) Patricia must disclose her transaction broker status in writing to both Greg and Helen
Alabama Agency Law requires written disclosure of agency status — including transaction brokerage status — to all parties in a transaction. Even though transaction brokerage is a non-agency facilitation role, the licensee's status and the nature of the relationship must be disclosed in writing to both the buyer and the seller. This written disclosure requirement applies to all permissible forms of representation under Code of Alabama §34-27-81 et seq.
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Previous Question
Alabama licensee David enters into a limited consensual dual agency arrangement without obtaining written consent from either the buyer or the seller, believing that both parties verbally agreed to the arrangement. After the transaction closes, the buyer files a complaint with AREC. What is the most likely consequence for David under Alabama law?
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Under Alabama Agency Law, which of the following forms of agency representation is NOT permissible in Alabama residential real estate transactions?